Similarities in “consultancy works” of Chidambaram’s son Karti & benami petitioner Upendra Rai. 19 Housing loans by Rai!!

Striking similarities between the way Karti Chidambaram and Upendra Rai functioned

PGurus had carried a series of articles (listed at the end of this post) on Upendra Rai, benami of former tainted Finance Minister P Chidambaram and one the most prominent fixers in Lutyens Delhi. In the articles we had also detailed about his association with the bureaucrats in the corridors of power, the shell companies used to camouflage the illegal transactions and also about the interference of Upendra Rai in major investigations.

Karti, who is now out on bail, accepted money (bribe) from various companies in the form of sham consultancy agreements. One example is that of INX Media bribery case.

PGurus has further received reliable information on the details of around 24 shell companies which are being used by Upendra Rai to pursue his nefarious designs in the power epicenter of New Delhi. We are at present verifying the said information and will be running a series of articles on this.

There is an uncanny resemblance in the way Karti Chidambaram and Upendra Rai have been operating over the last few years. According to investigations being conducted by the agencies in the Finance Ministry, Karti has also been adopting the same modus operandi for accepting bribes.

Karti, who is now out on bail, accepted money (bribe) from various companies in the form of sham consultancy agreements. One example is that of INX Media bribery case. He got money from INX Media, for which he was arrested by the Central Bureau of Investigation (CBI) and investigated by the Enforcement Directorate (ED). He got consultancy fees from Aircel-Maxis deal which has been attached by ED under the Prevention of Money Laundering Act (PMLA). He has entered into numerous consultancy agreements with various companies which require domain-specific expertise. CBI and ED have been asked by the Supreme Court to finish the probe in this case in six months[1]. That brings us to the most important question – how can a generalist like Karti provide consultancy services to media firms, cellular, steel companies etc.?

On similar lines, Upendra Rai has also entered into consultancy agreements with all shell companies that he is dealing with. As a Press Information Bureau (PIB) accredited journalist he is barred from doing these kinds of dubious activities. Karti got paid because his father P Chidambaram was the Finance Minister of India then. Why is Upendra Rai getting paid by these shell companies? Who is protecting and patronising him in the Government? Why do shell companies pay him money?  Why is a whopping consultancy fee of Rs.16 crores being paid to him by a loss-making shell firm White Lion Real Estate Developers Pvt Limited?

As already reported by PGurus, PIB has given him a media accreditation card (PIB card No: 275 in Editors category) despite the fact he has been placed in the UCM (Undesirable Contact Men) List by the CBI. This makes it amply clear that he has been shielded by someone all along. Furthermore, he has also been provided an All-airport entry pass by the Bureau of Civil Aviation Security (BCAS). For getting an Airport Entry Pass (AEP), Upendra Rai declared himself as Director – Quality Control of a chartered flight firm – Air One. How can a person simultaneously have a PIB card and AEP? We are producing the copy of these cards at the end of this report.

Why has PIB or BCAS not canceled these passes issued by them based on questionable (forged ?) documents? Upendra Rai, according to reliable information received by PGurus, was operating 43 bank accounts (including firms), travels in First / Business Class, frequently uses in Charter planes, possesses Maybach and Audi cars and owns properties worth hundreds of crores. More than any of this, because of his unfettered access to the power corridors, he plays a significant role in influencing investigations and also policy making, especially in the higher echelons of the Government machinery.

Rai took 19 housing loans and paid them prematurely!

One interesting nugget that emerged from the data compiled by the intelligence agencies –  Upendra Rai, between 2014 to March 2017, took 19 housing loans!! All these loans were prematurely closed within a year or two. How can a person get 19 housing loans in just three years and was able to pay them back in just one or two years?  Like Mumbai based loss-making shell firm White Lion Real Estate Developers, PGurus is verifying the data of 24 firms that pumped money into Upendra Rai and his firms accounts in the recent years. For what purpose are these firms transferring money to this fixer’s accounts? It seems eerily similar to the fund flows to Karti Chidambaram’s firms.

Will the Income Tax, CBI, ED and the Directorate of Revenue Intelligence (DRI) act against him or will they wait for more skeletons to tumble out of his closet? Who in the Finance Ministry is his Godfather that is not allowing agencies to act? PGurus will continue to expose the nefarious activities of Upendra Rai and the way in which P Chidambaram is manipulating matters through his Benami.

A copy of the PIB and Airport Entry Pass issued to Upendra Rai is published below:

Rai's Airport Entry Pass
Fig 1. Rai’s Airport Entry Pass
Rai's PIB Card
Fig 2. Rai’s PIB Card

Articles published:

  1. Chidambaram’s benami petitioner Upendra Rai got more than Rs.16 crores from a loss making shell company linked to 2G ScamApr 24, 2018, PGurus.com
  2. More details of huge illegal assets & money laundering of Chidambaram’s benami petitioner Upendra Rai– Apr 22, 2018, PGurus.com
  3. Chidambaram files a frivolous petition through benami against the ED officer probing Aircel-Maxis scam– Apr 21, 2018, PGurus.com

References:

[1] SC slams CBI and ED. Directs to finish the investigation in Aircel-Maxis case in six monthsMar 12, 2018, PGurus.com

Team PGurus

15 COMMENTS

  1. This is how fixers flourish in India. This crook Upendra Rai is also having a Press Card as Editor. Where is Editor’s Guild?

  2. Question which comes to mind is after all who is this scamster’s Godfather. People should be made aware of traitors who are making our system hollow from within..

  3. Wonder when PGurus can collect so much evidence and find out the fraudulent activities of these people, what is stopping our Government to put them behind bars ? Is it only in cinemas bad guys are punished ?

  4. Hat’s off to P Gurus for this persistent fight. It is difficult to fight these people they have all tricks up there sleeve. They can threaten or can also act upon it whe ln they feel there kingdom is being cgallanged.

    • The justice delivery system in our country is out of date and the judicial staff and officers are generally corrupt. The whole machinary is useless for delivering justice

  5. One can serve the Nation in many ways n you people are doing it right through. Hurdles may come to derail you but do remember that Truth can’t be beaten by corruption. ‘Uncle Crocodile and it’s fishes’ must be a subject of yours for the next issue.( WHO IS THE MASTERMIND BEHIND THESE PAWNS ) Now m thinking of a story of my childhood, “नन्ही लाल चुन्नी”, a wolf was there who was pretending himself as “नानी” and wanted to eat ‘chunni’ like Mr. Rai is eating our Nation and it’s Pride.

    Note :– Chunni means Honesty

  6. Why authorities issue id’s without proper verification?Should not officers who have been negligent in their duties be taken to task?PGURUS is right in revealing that there are still Chidambaram chamchas in key positions in the Govt.

  7. Why corruption politicians publicly exposed not sent to Firing SQADS. Without delay after confiscating their Properties

  8. Mind blowing collection of evidence and making the lead out of all… 1 after another

    U ppl should be more open regarding this exposé
    Cos when u r in limelight whistleblowers will know who u r and will contact you for giving u data under table

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