* Moved to London from Kenya in the 1970s. Schooled at Haberdashers’ Aske’s. Bachelor’s at University of Warwick. * Has three siblings. Father in aviation. Three sons from failed marriage with UK businessman Janak Radia. * India entry in 1995. Sahara liaison officer. India rep of Singapore Airlines, KLM, UK Air. * Floats Crown Air as MD in 2000, with sister Karuna Menon as partner. Secures FIPB clearance to...
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Scam detected in FCI godown by Kumod Verma
A scam worth about Rs 8.81 crore has been detected in the Food Corporation of India (FCI) godown at Dumroan in Buxar district. While assistant manager of the godown Umakant Dubey has been suspended by senior area manager of FCI Sandipan Chattopadhyay, an FIR has been lodged with the Dumroan police station in this connection. According to Chattopadhyay, the FCI has been running two popular schemes -- Karif Marketing Season (KMS)...
More »Now, a basmati rice export scam
Admitting to irregularities in the export of non-basmati rice to some African countries during UPA-I Tenure, the government on Friday said it has referred the matter to the CVC after slapping show-cause notices on officials of PSUs, involved in the transactions. The action follows an internal enquiry by the Department of Commerce which found that "the exporting public sector units did not follow the transparent procedure for selection of domestic associates...
More »Adarsh scam: Complaint filed against Sushilkumar Shinde
After Ashok Chavan, it's now the turn of the former Chief Minister, Sushilkumar Shinde, to face trouble for “favours” to the Adarsh Society during his Tenure from January 18, 2003 to October 31, 2004, according to a complaint filed on Saturday with the Maharashtra State Anti-Corruption Bureau (ACB). Mr. Shinde has already denied his role in the scam repeatedly. Advocate Y.P. Singh and activist Simpreet Singh told journalists that Mr. Ashok...
More »Microfinance: What's wrong with it by M Rajshekhar
The poster boy of microfinance is now seeking some anonymity. In Andhra Pradesh, the epicentre of the worst crisis faced by microfinance in India, SKS Microfinance is playing down its identity and going into preservation mode. At its modest office in a residential colony in Warangal district, India’s largest microfinance company has taken down its board. At its head office in upmarket Begumpet in Hyderabad, it hung a cloth mesh...
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