Cambridge Analytica CEO, JD(U) chief‘s son floated Three way partnership

KANPUR: The suspended CEO of UK-based political advertising firm (CA), in the eye of the storm for allegedly stealing Facebook data of millions of users, had opened a firm in 50:50 joint venture with JD-U spokesperson ‘s son in September 2011.
The company, named (SCL) Limited, was registered with Registrar of Corporate Affairs (RoC) office in Kanpur in November 2011. The firm, which continues to exist, has had four directors including Alexander James Ashburner Nix, who has now been suspended from CA, since 2011. Among other directors was Tyagi‘s son Amrish Tyagi.

KC Tyagi told TOI that his family had always maintained highest level of probity and was open to any investigation. “First of all, there is no such breach of data of Facebook in India. Second, whatever association my son has had with Cambridge, I seek a full thorough probe. We have got nothing to hide. The company‘s status is in full public view,” Tyagi said. He denied Congress claim that JD(U) took help from CA in 2010 Bihar assembly elections.

According to the JV agreement before the RoC office in Kanpur, the firm was shown to have 500 equity shares between SCL and Amrish‘s own firm (OBI) Private Limited.

The firm‘s initial investment in 2011 was shown at Rs 1 lakh. The JV mandated that all four directors would be paid travelling and hotel expenses for board meetings. The firm has not filed any annual returns after 2012.

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