The CBI wanted to question the former Railways Minister Lalu Yadav in connection with a contract given for the maintenance of two IRCTC hotels in 2006.
The Enforcement Directorate (ED) carried out raids at two places in the national capital on Tuesday. The premises of a "shell company", owned by Rashtriya Janata Dal (RJD) chief Lalu Prasad Yadav's daughters — Ragini and Chanda Yadav — in a money laundering case, was raided.
Also, the Central Bureau of Investigation (CBI) asked Lalu and his son Tejashwi Yadav to appear before it for questioning on October 5 and 6 in the alleged corruption case after both leaders expressed their inability to appear on the previous dates of October 3 and 4. This is the third time that Yadav and his son Tejashwi have failed to appear before the agency.
The CBI wanted to question the former Railways Minister Lalu Yadav in connection with a contract given for the maintenance of two IRCTC hotels in 2006. His son, Tejashwi, has also been made an accused in the CBI FIR pertaining to alleged corruption in the deal.
It is alleged that Yadav, as railway minister, had handed over the maintenance of two Railway hotels BNR Ranchi and Puri to Sujata Hotel -- a company owned by Vinay and Vijay Kochhar -- after receiving a bribe in the form of three acres of land through a benami company.
On the basis of FIR registered by CBI, the ED had registered a money laundering case. The ED has carried out raids at the premises of AB Exports Private Limited, a company in which Lalu's daughters are directors.
During the probe, ED found that five Mumbai diamond traders had given Rs 5 crore as interest-free loan to AB Exports to purchase 800 sq metre property in New Delhi in 2007-2008 which is owned by Tejashwi. It was found that the original promoter of the company, Ashok Kumar Banthia, handed over the company, whose asset is now valued at Rs 55 crore, to Tejashwi, who owns almost 98 per cent of the shares at a throwaway consideration of Rs 4-5 lakh.
Tejashwi was made director of the company in January 2011, followed by his elder brother Tej Pratap in June 2014. However, the two brothers left the directorship of the company and at present Ragini Lalu and Chanda Yadav are the directors.
The ED is also probing the role all shell companies, owned directly or indirectly by Lalu and his family members, and how they were used for money laundering.
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