Pramod Mahajan - Controversies

Controversies

Pramod Mahajan has always been surrounded by controversy both during and after his lifetime. He was seen as being close to various lobbyists and corporate houses and there were numerous allegations of financial irregularities during his tenure in the Ministry of Telecom. One of the foremost allegations is his blatant favoring of the Reliance Group in exchange for alleged underhand financial dealings. A relative of Sudanshu Mittal, a close associate of Pramod Mahajan and his own son-in-law were found to have been one of the beneficiaries benami shares of Reliance Industries being transferred into shell companies.

Further, In 2006, Reliance Infocomm offered one crore shares to three companies — Prerna Auto, Fairever Traders and Softnet — at the rate of Re 1 a share. These three companies are owned by Ashish Deora, the business partner of Rahul Mahajan (TV personality), Pramod Mahajans son. The gifting of these shares and allegations of quid pro quo gained prominence in the light of the favouritism shown towards Reliance by Pramod Mahajan when he was the minister for Telecommunications.

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