Express Exclusive: Realty giants Jaypee, Unitech and DLF in web of firms linked to Mayawati's brother

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Appu Esthose Suresh: New Delhi, Jan 31 2013, 01:14 IST

a subsidiary of Carnoustie. Carnoustie is into hospitality, real estate, sports management and security, among other businesses. It had a net worth of about Rs 620 crore in end-March 2012.

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.

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Reader's Comments (7)| Post a Comment

was any â€œmedia investigationâ€ into the business dealings of Congress and BJP leaders, including the son-in-law of former Prime Minister Atal Bihari Vajpayee.

Jagatheesan Chandrasekharan | 31-Jan-2013Reply | Forward

Instead of sending a specific reply to your newspaper, she decided to respond to your queries before the entire media. Ms. Mayawati claimed that earlier, her brothers were targeted and now, BSP general secretary Satish Mishra and his lawyer-businessman son were being charged with wrongdoing with the intention of harming the party. Asking the media to shed its %u201Ccasteist (Once Napolean said that he could two battalions , but not two scribes. Today's scribes feel that they are 1st rate athmas and the untouchables have no athmas so that they can do whatever they wish to do to them. But the Buddha never believed in athmas, he said all are equal. Hence Babasaheb Ambedkar, Kanshiram Ji. ms Mayawati ji have returned back to their original religion along with millions of followers. This is not tolerated by the so called 1st rate athmas for the fear of becoming minorities minus the Awakened Ones with Awareness) %u201D mindset, she questioned if there was any %u201Cmedia investigation%u201D into the business dealings of Congress and BJP leaders, including the son-in-law of former Prime Minister Atal Bihari Vajpayee. These casteist mindset media will never investigate the business dealings of the rich business castes including the media which has amazed wealth disproportionately to their known sources of income after the Independence of this country. Let there be a "media investigation on this. Or the intellectuals will do this. %u201CInstead of sending a specific reply to the newspaper, I decided to respond to their queries before the entire media,%u201D she said. Ms. Mayawati claimed that earlier, her brothers were targeted and now, BSP general secretary Satish Mishra and his lawyer-businessman son were being charged with wrongdoing with the intention of harming the party. Asking the media to shed its %u201Ccasteist%u201D mindset, she questioned if there was any %u201Cmedia investigation%u201D into the business dealings of Congress and BJP leaders, including the son-in-law of former Prime Minister Atal Bihari Vajpayee.

super talented mafia

ashwin | 31-Jan-2013Reply | Forward

These super talented mafia shud try their luck elsewhere in the world and see where they end up with their dishonest skills, isnt it clear enough this is the loot from the Treasury, how long will this go on ? Forever as nothing will change in this country !

Quota in reservation

Atis | 31-Jan-2013Reply | Forward

It is clear that based on our constitutional quota of 21% reservation for SC/STs, the SC leader Mayavati has acclerated to meet this quota in corruption.