Bihar Dy CM alleges Sahara group helped Lalu's family buy property from Tata group through shell firm

Image
Press Trust of India Patna
Last Updated : May 02 2018 | 9:20 PM IST

Bihar Deputy Chief Minister Sushil Kumar Modi today alleged that the Sahara group helped Lalu Prasad and his family in buying a posh property from the Tata group through a shell company here, a charge denied by the RJD.

When contacted, the Sahara group said it had nothing to do with the transaction, while the Tata group declined to comment.

Modi's allegation comes days after he claimed that Lalu Prasad's family, including his son Tejashwi, acquired a two-storeyed building of Tata Iron and Steel Company located in a posh locality of Patna worth crores through a shell company named 'Fairgrow Holding Pvt Ltd'.

The deputy chief minister said the Income Tax Department had in February attached a 7,105 sq feet two-storeyed house at 5, Riding Road, in Patna, located close to the airport and registered in the name of 'Fairgrow Holding Pvt Ltd'.

Talking to reporters here at the BJP office, Modi, who distributed IT department's inquiry proceedings regarding provisional attachment order of the said property, said, "Rajesh Kumar, who had made payment of Rs 65 lakh for buying the Tata group property in Patna on behalf of Fairgrow holding, was neither a director, nor a share-holder, nor any employee of Fairgrow..."
Reacting to Modi's charges, RJD spokesman and MLA Shakti Singh Yadav said, "Sushil Modi is hell-bent on terming Tejashwi Prasad Yadav's registered properties as benami ones...These allegations are not only baseless but far from reality."

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: May 02 2018 | 9:20 PM IST

Next Story