The Central Bureau of Investigation (CBI) on Saturday evening slapped another case against tainted Journalist cum Racketeer Upendra Rai. The new case is for blackmailing and extorting Mumbai based real estate firm White Lion Real Estate Developers’ owner Balvinder S Malhotra. The seven-page First Information Report (FIR) of CBI’s Anti-Corruption Wing of Delhi says that Malhotra was forced to give Rs.15 crores ($2.5 million) to Upendra Rai as “consulting fees”.
Tainted former Finance Minister P Chidambaram’s benami petitioner Upendra Rai threatened the White Lion owner of adverse media reporting about his firm by showing the Income Tax documents. As per the FIR, after being threatened by the media staff of Upendra Rai, Balvinder Malhotra landed at Upendra Rai’s home in Delhi. Rai showed him a bunch of documents of Income Tax department about the adverse findings. According to Malhotra, Rai threatened him that if Rs.15 crores is not paid, he would publish all these documents and Income Tax would definitely fix him under the new Benami Act.
PGurus recently published the dubious huge volume of money transfer to Upendra Rai from this White Lion Real Estate Developers.
The CBI FIR says, Rai said that if money is paid, he can handle the case with Income Tax and provide an escape route. After agreeing to pay money, as per Rai’s instruction, the real estate firm was asked to enter into a bogus consultancy agreement with him and more than Rs.15 crores were transferred. The money transfers were done to Upendra Rai’s HDFC Bank and Axis Bank accounts between October 2017 and April 2018. CBI also made Upendra Rai’s associate Rahul Sharma as accused in this case for raising fake invoices of a non-existent consultancy deal.
CBI FIR indicates that the agency would soon arrest senior Income Tax officials also for facilitating the Rs.15 crores extortion by Upendra Rai. It is certain that many corrupt top officials of Income Tax would be fixed in this case.
Currently, when the raids under CBI custody facing charges for money transfers of more than 100 crores and forgery committed in obtaining a sensitive Airport Entry Pass.
The previous week, crooked Upendra Rai tried to threaten PGurus by sending a Legal notice of defamation seeking Rs.100 crores to which we gave a fitting reply.
1. The conversion rate used in this article is 1 USD = 66.16 Rupees.
 CBI books Chidambaram’s benami petitioner Upendra Rai for bribing and forgery – May 3, 2018, PGurus.com
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