Karnataka Chief Minister BS Yediyurappa’s grandson Shashidhar Mardi received Rs 5 crore from seven Kolkata shell companies between March and July 2020 through two companies where he became the director after the BJP came to power in Karnataka in July 2019, reported the Indian Express. (https://indianexpress.com/article/india/b-s-yediyurappa-karnataka-bjp-shashidhar-mardi-kolkata-shell-companies-6720203/)The Indian Expressscrunitised documents and found that Rs 5 crore was transferred through seven Kolkata companies to Belgravia Enterprises Pvt Ltd and VSS Estates Pvt Ltd, where Mardi is a director. The Kolkata companies share common addresses as per filings with the RoC but none of them seem to exist on the ground. The bank statements of Belgravia’s Axis Bank account show that the firm received Rs 5.35 crore between March 2020 and June 2020 from the seven Kolkata companies. This money, records show, was subsequently transferred to the Axis Bank account of VSS Estates.

Source: Indian Express September 24, 2022 00:35 UTC