Politics

Lalu Prasad Yadav’s son get Rs 5 cr house in Delhi’s new friends colony

Lalu Prasad
File Photo

Delhi, 18 April: According to the NDTV Exclusive reports, it is found that a luxurious house has been purchased for Lalu Prasad Yadav’s sons Tej Pratap and Tejashwi in Delhi Posh area New Friends Colony.

In 2008, AB Export company bought the house for Rs 5 crore showed by its regulatory filings and later in 2010 it was transferred to Lalu’s sons.

NDTV Reported that it was a mystery purchase since the company showed business dealings; it also did not appear to have any employees on its payroll. Its Memorandum of Association simply says -“Into import, export and trading of diamonds, gems and other precious stones.”

The source of funds to purchase the company came from five Mumbai-based jewellery companies, each of them who deposited roughly a crore each in the form of convertible debentures: Alka Diamond Industries, Real Gold Trading Co Pvt Ltd:, Hema Trading Co Pvt Ltd and Yash V Jewels Ltd.

It’s unclear why these companies would want to inject such sizeable sums of money into what seems to be a “shell” company. Attempts made to contact them proved futile.

The directors and the shareholders of AB Export then were Ashok Kumar Banthia and Sangita Banthia.

Over the next three years, the ownership of the company – and of the house – was transferred to Tejashwi Yadav. His siblings- brother and fellow minister Tej Pratap and sister Chanda -were made directors and shareholders of the company.

 Wefornews Bureau

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