logo
Lease, lies & power plays: DERC's Rs 2 lakh-a-month rent row sparks audit alarm

Lease, lies & power plays: DERC's Rs 2 lakh-a-month rent row sparks audit alarm

Time of India13-05-2025

A controversy has emerged over the allotment of
lease rent facilities
to senior officials of the
Delhi Electricity Regulatory Commission
(DERC), with the Accountant General (Audit) raising serious concerns about procedural violations and potential misuse of public funds, reported TOI.
#Operation Sindoor
The damage done at Pak bases as India strikes to avenge Pahalgam
Why Pakistan pleaded to end hostilities
Kashmir's Pahalgam sparks Karachi's nightmare
Former DERC member
AK Ambasht
has been specifically named in the audit findings.
Ambasht, who served as a DERC member from December 30, 2019, to August 1, 2023, said he opted for the lease rent facility after receiving formal communication from the DERC secretary, and that the proposal was approved by the commission following 'due deliberations and discussions.'
GIF89a����!�,D;
Continue to video
5
5
Next
Stay
Playback speed
1x Normal
Back
0.25x
0.5x
1x Normal
1.5x
2x
5
5
/
Skip
Ads by
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
The cost of hearing aids in Amritsar might surprise you!
Hear.com
Learn More
Prior to the lease rent option, Ambasht was entitled to a
house rent allowance
(HRA).
However, according to TOI, an October 2024 audit report from the Accountant General stated that his appointment order clearly outlined eligibility for HRA at 30% of his basic pay for accommodation in Delhi, and explicitly stated that no house would be allotted.
Live Events
If a leased accommodation was to be availed, the entitlement was to be decided by the Delhi government, the report added.
The audit flagged a September 30, 2021, office order in which the commission unilaterally approved leased accommodation for its chairman and members at a rate of Rs 2 lakh per month—without obtaining approval from the Government of the National Capital Territory of Delhi (
GNCTD
).
"However, the commission, vide office order dated Sept 30, 2021, approved leased accommodation facilities to the chairman/members and determined an entitlement of Rs 2 lakh per month without the approval of GNCTD,' the report noted.
"The same is in violation of Section 89 (1) of Electricity Act and Rule 21 (2) of the General Financial Rules. It is pertinent to mention that behind the veil of commission, it is the chairman and members of the commission who have approved leased accommodation facilities for themselves,' the audit further said.
TOI further reported that the audit has recommended recovering the lease rent amount from Ambasht along with applicable interest, and called for similar scrutiny of other cases involving current or former members.
In a February 3, 2025, reply to the audit, Ambasht denied any wrongdoing, saying he neither initiated nor drafted the lease rent proposal, said the TOI report.
He clarified that he merely participated in commission discussions and gave his consent based on the agenda placed before the body."I have a limited role in the subject matter, being a part of the decision-making process of the commission. Further, I happen to be one of the beneficiaries of the aforesaid decision of the commission,' he wrote, accordin to the TOI report.
Ambasht further claimed he was being unfairly targeted: "It appears that the case pertaining to the payment of the lease rent to me only was singled out and the same was placed before the audit with mala fide intentions by the officials of the Delhi Electricity Regulatory Commission.'
The Accountant General (Audit) has urged DERC to treat the matter seriously, investigate similar cases involving other officials, and report them to the GNCTD for possible action regarding misuse of power and public funds.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Meet World's Richest Dog: Travels In Private Jet, Has 27 Employees, Bought Mansion From Madonna—His Net Worth Will Blow Your Mind
Meet World's Richest Dog: Travels In Private Jet, Has 27 Employees, Bought Mansion From Madonna—His Net Worth Will Blow Your Mind

India.com

time15 minutes ago

  • India.com

Meet World's Richest Dog: Travels In Private Jet, Has 27 Employees, Bought Mansion From Madonna—His Net Worth Will Blow Your Mind

photoDetails english 2913466 Updated:Jun 09, 2025, 08:37 PM IST Meet Gunther VI, the World's Richest Dog 1 / 8 This German Shepherd named Gunther VI is wealthier than most billionaires' pets. With a jaw-dropping net worth of 400 million dollars (Rs 3,356 crore), Gunther lives a life of extraordinary luxury — from private jets to personal staff, he's no ordinary pooch. It All Started With a Countess's Will in 1992 2 / 8 Gunther's rise to riches began when Countess Karlotta Liebenstein, a German millionaire, left her entire $80 million estate to her dog, Gunther III, after her son died without heirs. Her will stipulated that the fortune must benefit the dog and his future lineage — setting the stage for an animal empire. Fortune Grew From $80M to $400M 3 / 8 As per media reports, The responsibility to manage Gunther's wealth was handed to Maurizio Mian, a family friend and entrepreneur. Over the years, strategic investments in real estate, stocks, and businesses helped multiply the wealth fivefold. Today, Gunther VI, the great-grandson of the original heir, enjoys the compounded riches. Bought a Mansion from Madonna 4 / 8 Gunther's fortune includes a 7.5 million dollars mansion in Miami, once owned by pop icon Madonna. Purchased under the dog's name, the mansion was sold later for a hefty profit of 29 million dollars, showing that Gunther's real estate portfolio is managed with business-like precision. Jet-Setting Dog With Global Lifestyle 5 / 8 Gunther doesn't just stay in one place — he travels across Europe and the U.S., flying in private jets and staying at exclusive villas and luxury hotels. His social media-worthy lifestyle includes visits to beaches, ski resorts, and yachts, making him one of the most well-traveled dogs in the world. 27 Employees Work for Him – Yes, Really 6 / 8 Gunther's empire runs like a corporation. According to multiple reports, he employs 27 full-time staff—including trainers, chefs, housekeepers, chauffeurs, and publicists. Every aspect of his life is handled by professionals, ensuring he lives like true royalty. Netflix Documentary Reveals His Crazy Life 7 / 8 Gunther's lavish and mysterious life caught the attention of Netflix, which released a docuseries titled "Gunther's Millions". The show dives into the eccentric lifestyle, financial dealings, and controversies surrounding the dog's estate — turning his story into a global media sensation. More Than a Dog 8 / 8 Gunther VI isn't just the world's richest dog—he's also a symbol of how money, trust, and legacy can be passed down in unexpected ways. With a wealth empire built on a will, smart investments, and meticulous management, Gunther's story shows that even a dog can outlive and out-earn many millionaires.

After SC nod, administration beginsland survey for Banke Bihari corridor
After SC nod, administration beginsland survey for Banke Bihari corridor

Time of India

time16 minutes ago

  • Time of India

After SC nod, administration beginsland survey for Banke Bihari corridor

Agra: The local administration in Mathura has started a land survey for the proposed Banke Bihari corridor on Monday, after the Supreme Court's approval. The move comes amid ongoing protests by local residents, including the Goswami community, whose members are considered the temple's 'sevayats' -- hereditary priests who manage daily rituals and other temple affairs. Banke Bihari is regarded as one of the most revered Krishna shrines in north India, attracting lakhs of pilgrims. Mathura district magistrate, CP Singh, said, "The Banke Bihari temple corridor project aims to offer people a safe and dignified 'darshan' experience of the deity. Govt has assured that the rights and traditions of the temple's 'sevayats' will remain untouched, with the state focusing only on development of the external infrastructure. The proposed corridor will resolve long-standing issues of overcrowding and stampedes. It will also offer facilities like clean drinking water, toilets, rest areas, medical centres and lockers." The land survey was conducted by a four-member team who inspected the area around the temple complex. Sources within the local administration told TOI that to ensure minimal inconvenience for local residents, an active search is underway for possible resettlement spots within Vrindavan. On May 15, the SC bench of Justices Bela M Trivedi and SC Sharma permitted the state govt to proceed with a 'Rs 500 crore redevelopment plan', which entails acquiring almost five acres of land, using temple funds. The SC ruling came amid protests from the Goswami community and local residents, who have opposed both the corridor project and establishment of the Banke Bihari Temple Trust. Gyanendra Kishor Goswami, a member of the temple management, said, "The proposed corridor and Banke Bihari Trust would destroy the temple's original and ancient form. Govt has adopted a dictatorial attitude towards our demands. Our protest will continue." The move to redevelop the place came up after a stampede-like incident on Janmashtami in 2022, that claimed two lives. In Sept 2023, Allahabad HC instructed the state govt to implement a corridor plan for improved crowd management and safety. Officials claimed that all the stakeholders were consulted, but 'sevayats' and local residents alleged they were excluded from the planning process. Agra: The local administration in Mathura has started a land survey for the proposed Banke Bihari corridor on Monday, after the Supreme Court's approval. The move comes amid ongoing protests by local residents, including the Goswami community, whose members are considered the temple's 'sevayats' -- hereditary priests who manage daily rituals and other temple affairs. Banke Bihari is regarded as one of the most revered Krishna shrines in north India, attracting lakhs of pilgrims. Mathura district magistrate, CP Singh, said, "The Banke Bihari temple corridor project aims to offer people a safe and dignified 'darshan' experience of the deity. Govt has assured that the rights and traditions of the temple's 'sevayats' will remain untouched, with the state focusing only on development of the external infrastructure. The proposed corridor will resolve long-standing issues of overcrowding and stampedes. It will also offer facilities like clean drinking water, toilets, rest areas, medical centres and lockers." The land survey was conducted by a four-member team who inspected the area around the temple complex. Sources within the local administration told TOI that to ensure minimal inconvenience for local residents, an active search is underway for possible resettlement spots within Vrindavan. On May 15, the SC bench of Justices Bela M Trivedi and SC Sharma permitted the state govt to proceed with a 'Rs 500 crore redevelopment plan', which entails acquiring almost five acres of land, using temple funds. The SC ruling came amid protests from the Goswami community and local residents, who have opposed both the corridor project and establishment of the Banke Bihari Temple Trust. Gyanendra Kishor Goswami, a member of the temple management, said, "The proposed corridor and Banke Bihari Trust would destroy the temple's original and ancient form. Govt has adopted a dictatorial attitude towards our demands. Our protest will continue." The move to redevelop the place came up after a stampede-like incident on Janmashtami in 2022, that claimed two lives. In Sept 2023, Allahabad HC instructed the state govt to implement a corridor plan for improved crowd management and safety. Officials claimed that all the stakeholders were consulted, but 'sevayats' and local residents alleged they were excluded from the planning process.

Rudra Global plans to set up 30-mw renewable energy projects in Gujarat
Rudra Global plans to set up 30-mw renewable energy projects in Gujarat

Time of India

time16 minutes ago

  • Time of India

Rudra Global plans to set up 30-mw renewable energy projects in Gujarat

Steel maker Rudra Global Infra is looking to set up 30-megawatt renewable energy projects in Gujarat, mainly for captive usage. The company is also in the process of setting up a 3.3-megawatt wind energy project at a cost of over Rs 32 crore, Rudra Global Infra said in an exchange filing. "The company has received the Bank Sanction Letter, approving approximately 75 per cent of the funding for the 3.3 MW wind power project," it added. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like She Was The Dream Girl In The 80s, This Is Her Recently Learn More Undo In addition to wind energy, the company is also actively planning to undertake solar power projects and/or other equivalent renewable energy projects totalling 25-30 MW, the company said. The total project cost of the project being set up in Gujarat is Rs 32.28 crore. Live Events The installation of the 3.3 MW wind turbine is progressing as planned and is expected to be operational by December 2025. It is projected to generate approximately 1.1 crore units of power annually. This will be the fourth wind turbine installed by the company, enhancing its total renewable energy capacity to 8 MW, capable of producing approximately 1.7 crore units per annum. The company further said it remains fully committed to maximising the use of renewable energy sources. Rudra Global Infra Products Ltd, earlier known as MDICL, manufactures thermo-mechanically treated bars and mild steel (MS) billets.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store