Mumbai: India’s top builder DLF Ltd fell as much as 3.5% in early trade on Monday, but recovered later, after a report that Congress president Sonia Gandhi’s son-in-law Robert Vadra had made windfall gains in a real estate transaction with the company.

The Times of India on Sunday quoted a Comptroller and Auditor General report as saying Vadra made nearly 44 crore in land deals in Haryana, thanks to an indulgent Congress government in the state.

At 2:08pm, DLF was trading 2.6% higher at 127.70 on BSE, after hitting a low of 120.20 earlier in the day. The Sensex was trading 0.18% down at 27,815.28.

In its first draft report on land deals in Haryana under the Bhupinder Singh Hooda government, the auditor said Vadra’s Skylight Hospitality Pvt. Ltd was allowed to develop a commercial colony when it had just 1 lakh. “The department (of town and country planning) ignored the aspect of the financial capacity of the colonizer," said the report.

The land was soon sold to DLF Universal for 58 crore, with Skylight Hospitality making a neat profit of 43.66 crore.

In another event, the Securities Appellate Tribunal on 30 October asked DLF to file an affidavit by 3 November specifying the purpose for which it intends to use money it has invested in mutual funds (MFs) and the amount the company plans to redeem.

The Securities and Exchange Board of India (Sebi) has barred DLF and six of its top executives, including founder chairman K.P. Singh, from accessing capital markets for three years and the company has filed an appealed against the order and sought an interim relief for redeeming funds locked in mutual funds and other instruments.