Two companies that put Rs 28 cr in Tarun Tejpal's Tehelka linked to Jindal firm named in coal scam FIR

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Records show Enlightened Consultancy Services invested in Anant Media, which publishes Tarun Tejpal's Tehelka magazine. (IE photo: Ravi Kanojia) Records show Enlightened Consultancy Services invested in Anant Media, which publishes Tarun Tejpal's Tehelka magazine. (IE photo: Ravi Kanojia)
SummaryYet another anomaly has surfaced in the business dealings of Tarun Tejpal's Tehelka.

new house in the neighbourhood Pitampura."

Singhal is a director of N D Exim and, in 2006, was also a director of Weldon. Singhal did not respond to calls and text messages.

Weldon's balance sheet shows an investment of Rs 2.08 crore in Tehelka — its first tranche — in the financial year 2007-08. Significantly, on December 22, 2007, Tehelka published a two-page report headlined "Friendly Deception", which alleged that Congress MP from Karnal, Arvind Sharma, had made a "desperate attempt to swindle Congress MP Naveen Jindal of his land and to malign him".

The land in question was 555 acres in Sonepat, Haryana, procured by Duce Properties and Services Pvt Ltd, a subsidiary of Jindal Steel and Power Ltd. That land is now being developed as Sonepat Global City by Jindal's real estate arm, Jindal Realty Pvt Ltd, the new avatar of Duce Properties.

The report alleged that the Karnal MP, who had initially offered to help Jindal in procuring the land, tried to defraud him later. And, "in order to save his own skin, Sharma attempts to frame Jindal in false case," the report said.

According to RoC records, N D Exim, before it invested in Dasari Narayana Rao's Sowbhagya Media, received an unsecured loan of Rs 2.25 crore from Duce Properties - now Jindal Realty. Before Duce Properties became Jindal Realty in September 2009, one of its directors was Surinder Pal Singh.

Since 2006, Singh has been a director of Weldon. He is currently also director in three other Jindal firms: Jindal Power Transmission Ltd, Jindal Power Distribution Ltd, and Jindal Hydro Power Ltd.

Weldon Polymer's other director, Manoj Chauhan, is a director of five other firms that share the same registered address — 1104, 11th floor, 89, Nehru Place, New Delhi — as that of Jindal Realty.

Reached for comment about his group's links to Weldon, Naveen Jindal said: "I don't know anything. I am not part of the day-to-day decision-making of Jindal Realty. My office has already clarified the official position."

A Jindal group spokesman denied any link with Weldon or Tehelka. This despite the fact that, as per RoC filings, Weldon received an unsecured loan of Rs 2.28 crore from Duce Properties (Jindal Realty), which was invested in Tehelka, and in the incorporation documents of Weldon, the official email ID of the company is given as spsingh@jindalsteel.com.

A second Jindal official who spoke to

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