Express Exclusive: Realty giants Jaypee, Unitech and DLF in web of firms linked to Mayawati's brother
Of this, Rs 376 crore was invested by prominent real estate developers, some of whom are business rivals. Between 2010 and 2012, these firms — DLF, Unitech, Shivalik Ventures (a Unitech company) and Omkar Realtors, among others — invested in “Class B equity” (without voting rights) at a premium of Rs 1,490 for a Rs-10 share.
The second link between Kumar and Carnoustie is a chartered accountant named Shubhendu Tewari, who was an initial director in Revolutionary Realtors and Shivanand Real Estate Pvt Ltd, both Kumar’s firms.
Carnoustie has 14 subsidiaries, all of which were incorporated after 2007, the year in which Mayawati came to power. Tewari was initial director in all 14. He was also a director in Kumar’s firms.
Anand Kumar and the Carnoustie group also share a chartered accountant. Prashant Kumar and Associates of 7/8 Punjabi Bagh Extension, New Delhi, represents some key firms of Kumar as well as the entire Carnoustie group.
Carnoustie’s annual report for 2011-12, prepared by Prashant Kumar, lists UK-based Ibonshourne Limited as an associate firm. Ibonshourne is registered in London and its directors include Sameer Gaur, joint managing director of Jaypee Infratech Ltd that built the Yamuna Expressway, and has several real estate projects along the highway. Harish Vaid, company secretary and senior president, corporate affairs, of Jaiprakash Associates Ltd, is a director in Ibonshourne.
One of the