Today, ED Enforcement Directorate has registered money laundering case against former Union Textile minister Shankarsinh Vaghela and ex Gujarat CM Shankarsinh Vaghela and others including the then Chairman-cum-Managing Director of National Textile Corporation (NTC) for sale of property prime area in Mumbai allegedly at “throwaway prices” to a private company. Vaghela, is a senior Congress leader of Gujarat Congress. In 2015 CBI named Vaghela in an FIR registered where it said former NTC CMD Ramachandran Pillai, R K Sharma were then director and M K Khare, then senior manager for allegedly caused a loss of Rs 709 crore to the exchequer through the sale of NTC land in Parel. CBI had alleged that Vaghela overruled the decision of NTC officials and made a decision in favours of private company.
