"The matter is being looked into," a senior Corporate Affairs Ministry official said. He was responding to a query on whether the Ministry has started probe into allegations of dubious funding into Gadkari's company. Embarrassing details have come out about the alleged dubious funding of Maharashtra-based Purti Power and Sugar Ltd, run by Gadkari.
On Tuesday, Corporate Affairs Minister Veerappa Moily had said that Registrars of Companies would inquire into the allegations. Media reports claim that major investments and large loans to Purti were made by a construction firm Ideal Road Builders (IRB) group, which had won contracts between 1995 and 1999, when Gadkari was PWD minister in Maharashtra. The BJP chief, who is set for his second term, has denied the allegations and has offered himself and his companies to any probe.