BJP on Sunday made it clear that Union Minister Shashi Tharoor has to be sacked,notwithstanding his associate Sunanda Pushkar returning her sweat equity of Rs 70 crore to IPL Kochi team,and termed her move as an admission of guilt as it was "stinking corruption". BJP cited government documents to argue that Sunanda Pushkar was not legally entitled to sweat equity in IPL Kochi team and this was a case of "fraud on company law",committed under the patronage of the Union Minister. "We demand that the Prime Minister sack Shashi Tharoor immediately. It is a not a case of sweat equity at all. Now it is a case of stinking corruption.. The stain of corruption is not washed by return of bribe money," BJP spokesperson Ravi Shankar Prasad remarked. Interestingly,BJP recalled the instance of 1993 when Nalini,wife of P Chidambaram-who was then Commerce Minister- bought one lakh shares of a Fairgrowth by paying less than the market price. "When it was discovered that the market value of these shares is more,Chidambaram had to resign," Prasad said. Tharoor's statement in Lok Sabha on the IPL issue was also brought up by the main opposition. "The minister has said on the floor of the House that sweat equity was received. What has the Prime Minister to say on this? This clearly outlines that he (Tharoor) has misused his authority," Prasad said. The main opposition distributed copies relating to Rendezvous Sports World in a bid to prove that Pushkar could not get sweat equity as she was not a director or employee of the company. "As per Company Sweat Equity Allocation Rules for unlisted companies,Pushkar could not get sweat equity as it can be given only to a company employee or a director of the company. Moreover,it can be given only after one year of commencement of the company," Prasad explained. The documents given by BJP show that Rendezvous Cricket Management Private Limited was formed on August 28,2009 and its name was changed to Rendezvous Sports World Private Limited on March 3,2010. Prasad argued that,going by any of these dates,this company was not even a year old and could give sweat equity as per the rules. "It is clear that friend of the minister is the parking bay," Prasad alleged. Arguing that Tharoor's role "goes against the basic concept of propriety",he said as per these rules,government permission has to be sought if sweat equity is more than Rs 5 crore or 15 per cent of the total share. Further,a valuer has to give a report that the person is worthy of getting the sweat equity.
