Saturday, October 1, 2016

Teja loan scandal-₹ 22 Carores in 1960


Jayanti Dharma Teja, shipping tycoon, nuclear physicist, amateur versifier, musicologist, financial wizard and one of the country's most elusive operators in big money, has, at a stylishly balding 61, and after having tasted the hospitality of both the prime minister's house and two Indian prisons for years, mastered the art of keeping his cool. 

 Teja had been sentenced on October 19, 1972 to three years in jail for forgery and falsification of the accounts of Jayanti Shipping Corporation, the grand merchant marine organisation headed by him. He also contravened the Passport Act, which debars anyone convicted for more than two years from acquiring a passport for five years from the date of conviction. Yet Teja not only acquired a passport, he had made one trip out of the country in May 1977, a full five months before the restriction ran out.

No comments:

Post a Comment