Wednesday 5 March 2014

Glimse of the process on how Vanxim was sold from 1999 upto 2005

Vanxim's portion of land was first was Sold to Bamon Mahendra Gaunekar by Archbishop Raul Nicolau Gonsalves  on 9th April 1999. Below is the extract from Joint Development Agreement of 11th August 2009 on how thongs proceeded after the historical blunder of the Archbishop Raul N. Gonslaves.

"The First Party (Mahendra Gaunekar and his wife Sonali Gaunekar) accepted the offer as the same would accrue to the First Party's benefit also and in pursuance thereof the First Party herein entered into a Joint Development Agreement dated 15-07-2005 with Tuscan Consultants and Developers Private limited, the Confirming Party No.1 herein.

In terms of the said Joint Development Agreement dated 15-07-2005 Tuscan Consultants and Developers Private limited was to pay to the First Party herein a sum of Rs.20,00,00,000/- (Rupees twenty crore only) as security deposit. 

And pursuant thereto, the Confirming Party No.1 has advanced sums amounting to Rs.18,00,00,000/- (Rupees Eighteen Crores only), and the Confirming Party No.1 has thereafter assigned its rights under the Joint Development Agreement dated 15-07-2005 to Ozone Propex Private Limited, the Confirming Party No.2 herein for a consideration, and pursuant to a restructuring exercise within the group, the said Ozone Propex Private Limited, the Confirming Party No.2 herein has transferred its rights under the said Joint Development agreement dated 15-07-2005 to the Second Party (Ozone Leisure and Resorts Private Limited) herein."

So the transfer of Vanxim upto 2005 so far is as follows:

1. From Archbishop Raul N. Gonsalves to Mahendra Gaunekar and his wife Sonali on 9th April 1999 through sale deed.

2. Transfer from Mahendra Gaunekar and his wife to Ozone Propex Private Limited via another Joint Development Agreement on 15-07-2005

3. Transfer from Ozone Propex Private Limited to Ozone Leisure and Resorts Private Limited on 15-07-2005 through another Joint Development Agreeement.

Vanxim has been put under several owners non of them are from Vanxim but all wanting to posses it by deceit. The above glimpse is of this process from 1999 to 2005. While Vanxim was being sold no one from the island was ever informed and consulted by Archbishop Raul N. Gonsalves. The entire deal smacks of nefarious underlinings.

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