Suresh Nanda
Encyclopedia
Suresh Nanda is an Indian
businessman, former Lt. Commander for the Indian navy, arms dealer
, investment banker in the UAE and owner of several companies including the firm Crown Corporation, C-1 India, Dynatron Services, and the Claridges hotels
in India. According to the Wall Street Journal his hotel has recently purchased Lohagarh Fort
in India.
, who also joined the weapons trade after his retirement.
Nanda attended several well known institutions of higher education including the Indian Institutes of Management
, Jawaharlal Nehru University
, and the Wharton School of the University of Pennsylvania
. He earned degrees in Economics
, and a doctorate
in Business Management.
, which has recently acquired the Sea-Rock hotel in Bandra, Mumbai
and Lohagarh Fort
. Sanjeev Nanda
is the chairman of the group.
sting operation
West End for giving bribes in at least two transactions:
(IAI) for seven Barak Missile
systems, along with armament from RAFAEL Armament Development Authority
to be installed on Indian Navy
ships. Crown Corporation acted on behalf of IAI and according to excerpts from Tehelka
's clandestine videos, paid 10 million rupees to R.K. Jain to get the order passed.
In the First Information Report
filed 9 October 2005, CBI
mentioned large payments from the firm MTU Aero Engines
(a supplier to Israel Aircraft Industries
) into the bank accounts of Dynatron Services, a company managed by Suresh Nanda and his family members during the relevant period. The scandal resulted in Nanda serving time in prison and his passport being revolted, however, according to the media his company's business increased following these events.
is currently facing charges in the BMW case. The charges against him are that he and two friends were returning from a party at three in the morning, possibly under the influence of alcohol, when they ran through a police checkpost, killing three policemen and three others before escaping. By the morning, the BMW vehicle had been traced to a friend's house where it was found while being cleaned of bloodstains and human remains.
India
India , officially the Republic of India , is a country in South Asia. It is the seventh-largest country by geographical area, the second-most populous country with over 1.2 billion people, and the most populous democracy in the world...
businessman, former Lt. Commander for the Indian navy, arms dealer
Arms industry
The arms industry is a global industry and business which manufactures and sells weapons and military technology and equipment. It comprises government and commercial industry involved in research, development, production, and service of military material, equipment and facilities...
, investment banker in the UAE and owner of several companies including the firm Crown Corporation, C-1 India, Dynatron Services, and the Claridges hotels
Claridge's
Claridge's is a luxury hotel in Mayfair, central London. It is located at the corner of Brook Street and Davies Street.-History:Claridge's is a traditional grand hotel. Its extensive and old connections with royalty have led to it being referred to as an "extension to Buckingham Palace"...
in India. According to the Wall Street Journal his hotel has recently purchased Lohagarh Fort
Lohagarh Fort
Lohagarh Fort is situated at Bharatpur in Rajasthan, India. It was constructed by Bharatpur Jat rulers. Maharaja Suraj Mal used all his power and wealth to a good cause, and built numerous forts and palaces across his kingdom, one of them being the Lohagarh Fort , which was one of the strongest...
in India.
History
Nanda was an ex-naval officer and is the son of S. M. NandaS. M. Nanda
Sardarilal Mathradas Nanda was an Indian Navy admiral who served as the 8th Chief of the Naval Staff from 1 March 1970 until 28 February 1973...
, who also joined the weapons trade after his retirement.
Nanda attended several well known institutions of higher education including the Indian Institutes of Management
Indian Institutes of Management
The Indian Institutes of Management , are graduate business schools in India. They were set up with the objective of providing management education and to assist the industry through research and consulting services. The IIMs award diplomas and not degrees.- Institutes :Indian Institute of...
, Jawaharlal Nehru University
Jawaharlal Nehru University
Jawaharlal Nehru University, also known as JNU, is located in New Delhi, the capital of India. It is mainly a research oriented postgraduate University with approximately 5,500 students and a faculty strength of around 550.-History:...
, and the Wharton School of the University of Pennsylvania
Wharton School of the University of Pennsylvania
The Wharton School is the business school of the University of Pennsylvania, an Ivy League university in Philadelphia, Pennsylvania. Wharton was the world’s first collegiate business school and the first business school in the United States...
. He earned degrees in Economics
Economics
Economics is the social science that analyzes the production, distribution, and consumption of goods and services. The term economics comes from the Ancient Greek from + , hence "rules of the house"...
, and a doctorate
Doctorate
A doctorate is an academic degree or professional degree that in most countries refers to a class of degrees which qualify the holder to teach in a specific field, A doctorate is an academic degree or professional degree that in most countries refers to a class of degrees which qualify the holder...
in Business Management.
Career
Suresh Nanda also owns the Claridges Hotels and Resorts (CHR) group (http://www.claridges-hotels.com/), with its flagship hotel in New DelhiNew Delhi
New Delhi is the capital city of India. It serves as the centre of the Government of India and the Government of the National Capital Territory of Delhi. New Delhi is situated within the metropolis of Delhi. It is one of the nine districts of Delhi Union Territory. The total area of the city is...
, which has recently acquired the Sea-Rock hotel in Bandra, Mumbai
Mumbai
Mumbai , formerly known as Bombay in English, is the capital of the Indian state of Maharashtra. It is the most populous city in India, and the fourth most populous city in the world, with a total metropolitan area population of approximately 20.5 million...
and Lohagarh Fort
Lohagarh Fort
Lohagarh Fort is situated at Bharatpur in Rajasthan, India. It was constructed by Bharatpur Jat rulers. Maharaja Suraj Mal used all his power and wealth to a good cause, and built numerous forts and palaces across his kingdom, one of them being the Lohagarh Fort , which was one of the strongest...
. Sanjeev Nanda
Sanjeev Nanda
Sanjeev Nanda is a businessman and the son of Suresh Nanda, an Indian arms dealer, head of the firm Crown Corporation and an ex-naval officer, implicated in a Tehelka expose. He is also the grandson of an ex-Chief of Naval Staff-turned businessman, S. M. Nanda from New Delhi...
is the chairman of the group.
Issues in the Media
Nanda was implicated in the TehelkaTehelka
Tehelka is an Indian weekly political magazine under the editorship of Tarun Tejpal known for its undercover exposé style of journalism. Its cover price is Rs 20 per issue. The publication began in 2000 as a news website, Tehelka.com...
sting operation
Sting operation
In law enforcement, a sting operation is a deceptive operation designed to catch a person committing a crime. A typical sting will have a law-enforcement officer or cooperative member of the public play a role as criminal partner or potential victim and go along with a suspect's actions to gather...
West End for giving bribes in at least two transactions:
- Barak Missile Deal Scandal: allegedly gave 20 million RS to Jaya Jaitly, friend and colleague of defence minister George FernandesGeorge FernandesGeorge Mathew Fernandes is an Indian trade unionist, politician, journalist, agriculturist, and member of Rajya Sabha from Bihar. He is a key member of the Janata Dal , and was the founder of the Samata Party...
. Currently being investigated by the Central Bureau of InvestigationCentral Bureau of InvestigationThe Central Bureau of Investigation is a government agency of India that serves as a criminal investigation body, national security agency and intelligence agency. It was established on 1 April 1963 and evolved from the Special Police Establishment founded in 1941...
(CBI). - an Armoured Recovery vehicle from SlovakiaSlovakiaThe Slovak Republic is a landlocked state in Central Europe. It has a population of over five million and an area of about . Slovakia is bordered by the Czech Republic and Austria to the west, Poland to the north, Ukraine to the east and Hungary to the south...
: allegedly paid 10,000,000 Rupees paid to R.K. Jain, treasurer of the Samata PartySamata PartyThe Samata Party is a political party in India. Initially formed as an offshoot of the Janata Dal in 1994 by Nitish Kumar and George Fernandes. The reason given was that the Janata Dal had shifted to casteism...
, headed by Defence Minister George FernandesGeorge FernandesGeorge Mathew Fernandes is an Indian trade unionist, politician, journalist, agriculturist, and member of Rajya Sabha from Bihar. He is a key member of the Janata Dal , and was the founder of the Samata Party...
).
Barak Missile Scandal
On 23 October 2000, a $200 million order was placed with Israel Aircraft IndustriesIsrael Aircraft Industries
Israel Aerospace Industries or IAI is Israel's prime aerospace and aviation manufacturer, producing aerial systems for both military and civilian usage. It has 16,000 employees as of 2007...
(IAI) for seven Barak Missile
Barak SAM
Barak is an Israeli surface-to-air missile designed to be used as a point-defense missile system on warships, defending against aircraft, anti-ship missiles, and UAVs.-Barak I:...
systems, along with armament from RAFAEL Armament Development Authority
RAFAEL Armament Development Authority
Rafael Advanced Defense Systems Ltd. , known as RAFAEL or Rafael, is an Israeli defense technology company...
to be installed on Indian Navy
Indian Navy
The Indian Navy is the naval branch of the armed forces of India. The President of India serves as the Commander-in-Chief of the Navy. The Chief of Naval Staff , usually a four-star officer in the rank of Admiral, commands the Navy...
ships. Crown Corporation acted on behalf of IAI and according to excerpts from Tehelka
Tehelka
Tehelka is an Indian weekly political magazine under the editorship of Tarun Tejpal known for its undercover exposé style of journalism. Its cover price is Rs 20 per issue. The publication began in 2000 as a news website, Tehelka.com...
's clandestine videos, paid 10 million rupees to R.K. Jain to get the order passed.
In the First Information Report
First Information Report
A First Information Report or FIR is a written document prepared by the police in India, Pakistan and Japan when they receive information about the commission of a cognizable offence. It is a report of information that reaches the police first in point of time and that is why it is called the First...
filed 9 October 2005, CBI
Central Bureau of Investigation
The Central Bureau of Investigation is a government agency of India that serves as a criminal investigation body, national security agency and intelligence agency. It was established on 1 April 1963 and evolved from the Special Police Establishment founded in 1941...
mentioned large payments from the firm MTU Aero Engines
MTU Aero Engines
MTU Aero Engines GmbH is Germany's leading aircraft engine manufacturer. MTU develops, manufactures and provides service support for military and civil aircraft engines...
(a supplier to Israel Aircraft Industries
Israel Aircraft Industries
Israel Aerospace Industries or IAI is Israel's prime aerospace and aviation manufacturer, producing aerial systems for both military and civilian usage. It has 16,000 employees as of 2007...
) into the bank accounts of Dynatron Services, a company managed by Suresh Nanda and his family members during the relevant period. The scandal resulted in Nanda serving time in prison and his passport being revolted, however, according to the media his company's business increased following these events.
Family Related
Suresh Nanda's son Sanjeev NandaSanjeev Nanda
Sanjeev Nanda is a businessman and the son of Suresh Nanda, an Indian arms dealer, head of the firm Crown Corporation and an ex-naval officer, implicated in a Tehelka expose. He is also the grandson of an ex-Chief of Naval Staff-turned businessman, S. M. Nanda from New Delhi...
is currently facing charges in the BMW case. The charges against him are that he and two friends were returning from a party at three in the morning, possibly under the influence of alcohol, when they ran through a police checkpost, killing three policemen and three others before escaping. By the morning, the BMW vehicle had been traced to a friend's house where it was found while being cleaned of bloodstains and human remains.