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Exposed Scams – Andrews Ganj Land Scam Exposed in ‘HUDCO Scam Series.’ So this is a case of greed? Yes. This is absolutely a case driven by greed. Need does not drive it. Like Harshad Mehta Scam 1992 was exposed much after, the same way HUDCO Scam will be exposed one day whenever media wishes to do or the Government proposes to investigate against the Congress government at the relevant time and Hudco.Let the story begin! Special Forbes India Magazine – Call center scam: Shaggy Thakkar’s case ‘driven by greed, not need.’ Pravin Palande State-run Hudco is considered to be in the sweet spot focused on financing the Government. MS Shoes money continued to be retained out of a Scam of Andrews Ganj land, which made HUDCO grow into a lending company earning huge interest on it at the compounded rate. HUDCO skillfully looted MS Shoes and duped MS Shoes as well as Leela Hotels. Finally, after several struggles, Leela Hotels received all the monies paid with the contractual rate of interest until the date of the award and further interest on the amount calculated with interest until the date of the award.Thanks to HUDCO’s Andrews Ganj land Scam.HUDCO, along with the Congress Ministry, succeeded in defrauding MS Shoes by concealing the material facts that the buildings constructed by HUDCO were without local bodies’ sanctions. HUDCO was unsuccessful in auctioning the properties at Andrews Ganj land for several years, after which the Government decided not to disclose the illegal buildings.HUDCO and Government worked hand in hand, developing a strong bond to cheat MS Shoes of Rs. 68.68 crores. HUDCO, in fact, cheated Leela Hotels as well, but with their finances and sources, succeeded in getting the money from HUDCO. What was the consequence? Andrews Ganj land account (AGP) positive figures moved to negative, resulting in HUDCO charging 17% interest initially to the Government, and later charging 10.75% compound monthly to the Government.HUDCO worked as a medi
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