Patna: Deputy chief minister Sushil Kumar Modi on Saturday dared Tejashwi Prasad Yadav, and his parents Lalu Prasad and Rabri Devi, to reveal who owned the land and building at 5 Riding Road near Patna airport that has been seized by the income-tax department.

Modi asserted that the building was a manifestation of the black money Lalu and his family members have earned.

"Tejashwi and his family members - Lalu and Rabri - should lift the veil off the mystery about the owner of the land and building at 5, Riding Road, seized by the I-T department. I challenge them to reveal the owner of the prime property in Patna," Sushil said.

The two-storeyed building, which the IT department claims to be a benami property, was seized on February 7. Spread on 7,105sqft (around 5.5 cottahs), the building is located in an upscale area of the city near the airport.

Though I-T officials have valued it at Rs 3.67 crore, its present market price would run into several times more.

I-T slueths said the seized property belongs to a purported Calcutta-based shell company Fairgrow Holding Private Limited, which bought it at Rs 78.32 lakh. Its address, 130/1, Bakul Bagan Road under Bhowanipur police station in south Calcutta, has turned out to be a fake one. At the address is a residential building and the people do not know about the company.

According to the documents I-T officials have found, Tejashwi and sister Chanda Yadav are directors of the company. The company has 15 shareholders with 15,000 shares each, but their identities and addresses have also turned out to be fake.

Sushil asked Tejashwi, who frequently criticises and attacks the NDA government in the state, to reveal how he and his sister Chanda were appointed directors in Fairgrow. "They should tell on what basis, capability or qualification they were appointed. Why did they became directors and who are the people behind the company?" Sushil asked.

Sushil also pointed out that the house of R.K. Rana, one of the fodder scam convicts, is located just behind the seized building on Riding Road.

Sources said that the seized property belonged to a top corporate house of the country till 1988-89, but changed hands after the RJD came to power in Bihar in 1990.