THURSDAY, JANUARY 15 On Wednesday, the Aam Aadmi Party had exposed Delhi BJP President Satish Upadhyay’s conflict of interest vis-à-vis the people of Delhi with clear and detailed evidence. Delhiites have been complaining of fast running meters and inflated bills. It is incredible that a company owned by the Delhi BJP president has installed these meters Mr Upadhyay offered a weak defence after the AAP press conference but could not deny his conflict of interest. The AAP challenges Mr Upadhyay to answer the following questions: 1. NCNL Infomedia Private Limited’s Memorandum of Association clearly shows that Satish and Umesh Upadhyay were equal owners at the time of incorporation. The Article of Association clearly lists them as First Directors. Mr. Satish Upadhyay had mentioned that he’s a shareholder and it is not a crime to be one. However, when his company is installing meters in Delhi, whose fast running versions Delhi suffer from, a clear conflict of interest? 2. Mr. Satish Upadhyay states that he doesn’t have any affiliation with NCNL Infomedia Private Limited or BSES anymore. However, BSES Delhi’s list of approved contractors has NCNL Infomedia Private Limited as Vendor No. 232306, valid unto 31 March 2015. Does this not clearly expose Mr. Satish Upadhyay’s false claims regarding not having any relations with BSES ? 3. Mr. Satish Upadhyay claims that he has resigned from all private companies after 2012 after becoming a local councilor. However, this is blatantly untrue. Records from the Ministry of Corporate Affairs clearly show he’s still a Director in 2 companies. Can Mr. Satish Upadhyay answer our questions? 4. In a suspicious transaction conducted by another company of Mr. Satish Upadhyay, New Delhi Communication Network Limited, 2000 shares of face value at Rs. 10 each at a premium of Rs. 990 to Towerbase Services Private Limited. This company secured Rs. 20 lakhs at this valuation in 2009. Can Mr. Satish Upadhyay explain this transaction? Surprisingly, in his election affidavit filed henceforth, he has declared his ownership of 117700 shares at Rs. 10 each. Following the valuation done in a previous transaction, he should have shown the valuation at Rs. 1000 each, amounting to a shareholding valuation of about Rs. 11.77 crore, as opposed Rs. 11.77 lakh. Is this accounting legal? Is this transaction not shady? 5. Did NCNL Infomedia Private Limited have/had 2 TIN numbers at the same address for the same company for the same trade name? This is prohibited under the DVAT laws. It’s ironic that Mr. Satish Upadhyay gives lectures about VAT raids while both his TIN numbers are shown as return defaulters, according to the Department of Trade and Taxes, GNCT of Delhi. 6. Mr. Satish Upadhyay’s election affidavit as Councilor clearly shows that he held equity in NCNL Infomedia Private Limited, NDCL, NCNL Infrastructure Pvt. Ltd.. and Fabrilon Twells isn’t this a clear case of conflict of interest? This also negates the lies that Mr. Upadhyay has been spreading about not having shares. We are now putting in public domain further evidence on our website: https://app.box/s/avwcrnd2j8jnxfyryuvw
Posted on: Sat, 17 Jan 2015 13:23:41 +0000
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