Shares in IRB Infra plunged over 10 per cent on Thursday as the
Corporate Affairs Ministry begun an initial inquiry into companies that
have invested in the BJP president Nitin Gadkari's businesses.
NDTV had earlier reported that IRB Infra had allegedly invested in Mr Gadkari's firm Purti Power and Sugar Limited as a quid pro quo for the massive contracts the company won when he was a Maharashtra minister. IRB Infra has denied these allegations saying it has no business relationship with Mr Gadkari.
NDTV had earlier reported that IRB Infra had allegedly invested in Mr Gadkari's firm Purti Power and Sugar Limited as a quid pro quo for the massive contracts the company won when he was a Maharashtra minister. IRB Infra has denied these allegations saying it has no business relationship with Mr Gadkari.
