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

Comments 0
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.

The Indian Express later, said the unsecured loan was repaid by Weldon Polymers with 12 per cent interest.

LIGHT ON ENLIGHTENED

Enlightened Services is owned by Pradeep Goel, who trades in steel scrap and related steel items, operating from Loha Mandi in Delhi's Naraina suburb. Goel's main business, however, is RKG International, a firm trading in steel. In 2009-10, Enlightened gave an unsecured loan of Rs 2.3 crore to Weldon.

Asked about his Rs 16.75-crore investment in Anant Media, Goel told The Indian Express: "I don't remember the details of my investments, it's been such a long time. I don't know who Tarun Tejpal is. I will get back to you with details."

He did not, however, get back. Follow-up messages went unanswered.

A Jindal Group spokesman confirmed that "RKG International has been Jindal Steel and Power Ltd's customer in the past."

Enlightened received 6,250 Tehelka shares from a firm named A K Gurtu Holdings, a company that doesn't exist in RoC records. But according to Tehelka's records, Enlightened and Gurtu share the same address: 313, M J Shopping Centre, 3 Vir Savarkar Block, Shakarpur, New Delhi.

As per RoC records — first reported by news portal Firstpost — A K Gurtu Holdings bought shares at a premium of Rs 13,189 from Tarun Tejpal, his immediate family and Shoma Chaudhury, with the total purchase amounting to Rs 8.43 crore.

At M J Shopping Centre, a dingy building, there is no address marked 313. Shopkeepers on the third floor said they had never heard of either of the companies.

In 2010, Enlightened exited Tehelka at a loss of Rs 8 crore according to its balance sheet.

Tehelka issued the 22,605 shares of Enlightened to Royal Building and Infrastructure Ltd, owned by Trinamool MP K D Singh at Rs 2,505.

In 2010, K D Singh took 29,139 shares in Tehelka. Of these, he bought 6,534 shares from Weldon Polymers. Both Enlightened and Weldon which bought shares at Rs 10,623 exited by selling the shares at Rs 10.

So Tehelka bought these shares at Rs 10, a total cost of Rs 2.9 lakh, and they were issued to Royal Building for Rs 7.29 crore.

The Indian Express emailed a detailed questionnaire to Neena Tejpal, COO of Anant Media. She said she was not in a position to comment at this time. The questionnaire was also emailed to Shoma Chaudhury, Tehelka's former managing editor.

Single Page Format
Ads by Google
Reader´s Comments
| Post a Comment
Please Wait while comments are loading...