IFFCO MD offers to return prime South Delhi property after row

A day after this newspaper reported that the Central Vigilance Commission is looking into a complaint that the Indian Farmers Fertiliser Cooperative Society (IFFCO) had transferred the ownership and title of a prime South Delhi property to its managing director Uday Shankar Awasthi, he said he would like to return the property to the multi-state cooperative.

In a letter to IFFCO chairman N P Patel, Awasthi conveyed his "desire to relinquish the title of the property in favour of IFFCO" and requested him to take necessary action.

"I am pained and hurt to see the news... that I have gifted to myself a prime property i.e. L-4, Hauz Khas Enclave, New Delhi. You are aware that I have been serving as MD, IFFCO with full dedication for the last 20 years and have always been happy with whatever salary and perks have been allowed to me. You are also aware that for quite some time, the members have been suggesting to give some special reward in consideration of my services. I was informed before the last AGM that the empowered committee had recommended for transferring the title of L-4, Hauz Khas Enclave, New Delhi."

"I was hesitant to accept such a reward but the matter was placed before the AGM and was approved unanimously. I could not dare to show disrespect to the wishes of AGM consisting of members of RGB and Board members and accepted the honour. I, however, regret to note that in the whole process, I am being made out to be the villain. I have given serious thought to the whole matter and have come to the conclusion that without showing any disrespect to the wishes of the AGM and the Board members, I would like to relinquish the title of the above said property in favour of IFFCO. I hope you will appreciate my feelings and take further necessary action in the matter," Awasthi wrote to the chairman.

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