Massive setback to Mayawati, brother Anand Kumar’s Rs 1,300 crore wealth under IT scanner

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New Delhi | Updated: January 10, 2017 1:36:25 PM

The report names 12 companies, where Anand Kumar is director, getting exponential growth in a time period of 7 years between 2007-2014.

mayawati tax, anand kumar tax companies, anand kumar companies, companies anand kumar, anand kumar income tax heatThe report names 12 companies, where Anand Kumar is director, getting exponential growth in a time period of 7 years between 2007-2014. (Indian Express)

In a big setback to Bahujan Samaj Party, Rs 1,300 crore wealth of party supremo Mayawati’s brother Anand Kumar has come under Income Tax department scanner, reports news channel Times Now. The report said that Anand Kumar’s wealth rose from Rs 7.1 cr to Rs 1,300, a rise of over 18,000 per cent over a period of seven years. The report names 12 companies, where Anand Kumar is director, getting exponential growth between 2007-2014. The report mentioned five companies, Factor Technologies, Hotel Library, Sachi Properties, Dia Realtors and Isha Properties, which saw booster growths in this period. Notably, Mayawati served as Uttar Pradesh Chief Minister between 2007-2012.

The report even claimed that Anand’s companies received funding from ghost investors, shell companies and sweetheart deals. The report said that money trail is being investigated by Income Tax department as part of a suspected political fund laundering. As per the report, current net worth of Mayawati’s brother is estimated at Rs 1,316, while cash in bank is estimated at Rs 4,400 with Rs 870 crores wealth as fixed assets.

 

Speaking on the report, Bahujan Samaj Party leader Ritu Singh said that Anand Kumar’s business activities have nothing to do with Mayawati. She also raised suspicion over the timing of investigation. BJP leader Sri Kant Sharma said that agencies are working with complete diligence and honesty, and anyone, regardless of his political affiliation will not be spared.

 

 

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