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Tehelka is a maze of shadow investors and fake addresses

By FnF Correspondent | PUBLISHED: 30, Nov 2013, 13:51 pm IST | UPDATED: 30, Nov 2013, 14:00 pm IST

Tehelka is a maze of shadow investors and fake addresses New Delhi: As all eyes are on Tarun Tejpal after the allegations of sexual assault against him by a female journalist in the company, various alarming discrepancies were found in the the businessman and his businesses. Investigations reveal that Tejpal and his close associates were using contacts and news to garner business investments.

According to Tehelka’s records, the AK Gurtu Holdings Pvt Ltd’s registered address was 22, Jangpura A, New Delhi. However, when a media team visited the location it was found that no such company existed there. According to local residents, the owner who stays on the first floor had rented out the ground floor to a retired judge.

However, Zee found out that the company had changed its address to 313, MJ Shopping Centre, 3 Veer Savarkar Block, Shakarpur. However, at the location the team found that 313 did not exist. A courier delivery boy visiting the location also said that no such office or company was ever there.

AK Gurtu Holdings Limited is the company which purchased shares from Shoma Chaudhary and other members of the Tejpal family at a premium price of Rs13,189 per share, while it was actually valued at Rs10.

In 2007, AK Gurtu Holdings Private Ltd sold its share to Enlightened Consultancy Services Pvt Ltd and Weldon Polymers Pvt Ltd at the rate of Rs10,623 per share. The transaction meant that K Gurtu Holdings incurred a loss as it had purchased the shares from members of the Tejpal family and Shoma Chaudhary at a rate of Rs13,189.  However, the registered address of Weldon Polymers was found to be the same as that of AK Gurtu Holdings.

Two years later, Enlightened Consultancy Services Pvt Ltd pulled out from the company by selling its shares at a loss of Rs17 crore. However, it was found that Weldon Polymers Pvt Ltd was funded by Enlightened Consultancy for its entry into Tehelka. When Tehelka was in serious financial trouble, Trinamool Congress Rajya Sabha MP, KD Singh’s company came to its rescue.

Royal Building and Infrastructure Pvt Ltd invested Rs 32 crore and purchased 66% share in Anant Media Pvt Ltd, the company which runs Tehelka on November 1, 2011. After this transaction, Anant Media Pvt Ltd became a subsidiary of Royal Building and Infrastructure Pvt Ltd.

KD Singh has also said that he might sell his share. When contacted, Singh said, “We have already started selling our shares for the past two years and I am not involved in Tehelka.”