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Nira radia biography of martin

Niira Radia

Chairperson of Nayati Healthcare

Niira Radia (née Nira Menon; born 19 Nov 1960) is a former incorporated lobbyist whose taped telephone conversations implicated her influence in righteousness allocation of key ministries get your skates on the Government of India ton 2009. Discussion of the tapes resulted in the Radia tapes controversy, which was a publicity event that led to high-mindedness uncovering of the alleged 2G spectrum scam involving former routes minister A Raja.

These actions led to Raja's resignation talented later acquittal by Special CBI court, and Radia's departure steer clear of corporate lobbying.

Early life

Niira Radia (née Nira Menon) was natural on 19 November 1960 cry Nairobi, Kenya in an IndianPunjabi Hindu family, her father was businessman Iqbal Narain Menon (the surname is a variant slant Manan) and her mother was Sudesh Sharma.[3] In the Seventies the family moved to Author where she attended Haberdashers' Aske's School for Girls followed overstep the University of Warwick.[4] Teensy weensy 1981 she married Janak Radia, a Gujarati businessman, with whom she had 3 sons.[citation needed] In 1994, the Radias divorced and Niira moved to Bharat as a Person of Soldier Origin.

On the advice exert a pull on a numerologist, she added characteristic extra letter to her label to make it "Niira".[citation needed]

Career

Travel agent

Between 1988 and 1993 Niira Radia incorporated a string custom travel and aviation related companies in London, in which she and her family members were shareholders and held positions much as company secretary and director.[5] By 1995 these companies difficult to understand been liquidated, many of them after filing bankruptcy.

Aviation consultant

In 1994 Radia's father, Iqbal Menon, met an advisor engender a feeling of Sahara Airlines at a outfit in London who mentioned go off at a tangent the airlines was looking penny lease Boeing 737-400 aircraft stick at expand the business.[3] Menon, who was involved in Radia's even lease business, sent Radia run into New Delhi, India to legitimate Sahara Airlines CEO, Uttam Kumar Bose.

Radia helped Sahara borrow with International Lease Finance Dark, a Los Angeles based observer, for the lease of deuce Boeing 737-400 aircraft and surplus parts.[3]

In 1995 Radia rented change office in Vasant Vihar, Delhi.[3] She was hired by say publicly Sahara Group in New Metropolis, India as an aviation counsellor.

Acting as a liaison dignitary, Radia used her expertise lecture in the areas of travel, air transport, government policies and the Distant Investment Promotion Board to solve Sahara Airlines' issues with loftiness commercial department at Indira Solon International Airport, Delhi.[5] During these negotiations, Radia met Rao Dheeraj Singh, a traffic supervisor pick up again Sahara Airlines, and grandson decompose former Haryana Chief Minister Rao Birender Singh.[6]

In March 1996 Radia persuaded Singh to resign Sahara Airlines and join cross as a business partner fence in Mumbai.

At the behest enjoy yourself part-owner Chandu Panjabi, Radia was to work on getting bizarre hotel management companies interested emit the restoration of Hotel High seas Rock, Bandra that had antediluvian damaged in the 1993 Bombay bombings.[7]

While in Mumbai, Radia also arranged funding for Agni Sakshi (1996), a Hindi disc produced by Chandu Panjabi's reviewer, Binda Thackeray, Bal Thackeray's stripling.

In early 1997, Radia significant Singh moved back to Pristine Delhi. Acting as aviation consultants, they traveled to Bahrain counterpart Sahara Airlines CEO, Uttam Kumar Bose, to negotiate the sect of helicopters from Eurocopter.

Back end a successful negotiation, Sahara Airlines placed a $25 million order home in on four helicopters – three AS-355Ns and one AS-365N Dauphin.[8][9] Position deal netted Radia and Singh a huge commission that they routed through Sofema, a categorize created the same year expend guiding the foreign sales be keen on large French aeronautic and fortification groups.[6] To bring the resources into India, Radia and Singh made several trips to Writer and Dubai together.[5]

Following the smudge to Bahrain, Singh and king wife, Anjum, had an biting divorce.[5] Radia moved from spick rented flat in Safdarjung Circumstance Area to a residential manor in Asola.

She arranged espousal her three sons and stress sister to come from Author and live in India market her. Singh also moved get with her and Radia began introducing herself as Singh's old lady on social occasions. She as well certified herself as Singh's shore up in legal papers.[5]

After the 1998 Indian general election, the Bharatiya Janata Party (BJP)-led coalition reputed as the National Democratic Federation (NDA) formed a government mess Prime Minister Atal Bihari Vajpayee for a year.

On 19 March 1998 Ananth Kumar, exchange for the Bangalore SouthLok Sabha condition in Karnataka, became the Priest of Civil Aviation. Radia became emotionally close to Anantha Kumar.[6][10] Kumar introduced Radia to SwamiVishwesha Teertha, who became her nonmaterialistic guru.[11]

In July 1998 Radia incorporated Crownmart International (India) ahead became its CEO.[12]KLM uk chartered Crownmart to handle the authorized formalities involved in the reappear of two aircraft leased embark on ModiLuft by AirUK in 1996.[6]

The aircraft had been impounded by the Central Board dying Excise and Customs for dereliction of ₹85 million (₹85 million) as Inner Air Travel Tax collected offspring ModiLuft from passengers but grizzle demand remitted to the Government pencil in India.

Radia and Singh laid hold of with prominent lawyer RK Anand who filed a case clang Delhi High Court. Anand spell his team of lawyers were able to persuade the suite to pass an order restage release the aircraft on honesty condition that AirUK would cap deposit ₹80 million (₹80 million) with primacy government and furnish a store guarantee of ₹45 million (₹45 million).[13][14] Radia's lawyers informed her that authority court order could be stayed by the next morning.

Radia ensured that ₹80 million was caught the same day and AirUK's pilots took off that harmonize evening. Crownmart earned ₹25 million (₹25 million) as fees for getting description aircraft back into the renting of KLM uk.[6]

After the marketing of Eurocopter helicopters to Desert, Sofema approached Radia and Singh suggested that they help agent the sale of helicopters add up the Maharashtra and Karnataka kingdom governments.[5] Even though it was forbidden for state governments helter-skelter use middlemen and commission agents in the purchase of helicopters, Radia and Singh traveled interrupt London to sign a entrust with Sofema.

Since a Shiv Sena-BJP government was in trounce at Maharashtra at that as to, Radia asked Ananth Kumar just now arrange a meeting with adroit senior BJP functionary in Nagpur who facilitated the deal.[6] Excellence Maharashtra government, then under ethics Indian National Congress ultimately covetous an AS365 N3 Dauphin eggbeater from Eurocopter in April 2001 at the cost of ₹230 million (₹230 million).[15][16] The Karnataka government blunt not buy a helicopter subsequently initially expressing interest.[15]

In 1999 Radia persuaded Ananth Kumar as Itinerary of Civil Aviation to favourable mention the approval for Jet Airways to acquire five new level surface condition from ATR, a French-Italian flat surface manufacturer.[17] Since Naresh Goyal, probity CEO of Jet Airways, refused to deal with Radia, she went to ATR which prearranged to pay her ₹18.5 million (₹18.5 million) to get the approval steer clear of the Ministry of Civil Aviation.[6] To receive their commission Radia, Singh and Karuna Menon travelled to Zurich to open Land bank accounts.

They also unsealed accounts in the Channel Islands, a tax haven.[6]

In April 1999 Radia persuaded Ananth Kumar bit Minister of Civil Aviation pore over change its policy of position acquisition from Boeing to Airbus for Air India's new flying requirements.[18] The ministry began cool formal process of aircraft probation for the purchase of 39 aircraft at a cost disseminate ₹90 billion (₹90 billion) but the probation of offers was stopped sophisticated August 1999 due to in the offing Lok Sabha elections.[19] When agitprop began to circulate in class Indian media that India's flight 1 policy was being influenced fail to notice the minister's relationship with Radia, Ananth Kumar was removed evade his position as Minister enterprise Civil Aviation.[20]

In 2000 Singapore Airlines was keen to re-negotiate exceptional more liberal air bilateral imitate with the Indian civil trip ministry to obtain a in suspense increase in its flight frequencies over a multi-year period.[21] Island Airlines approached Radia who got it done.[6] Singapore Airlines was at that time also alternative route talks with Ratan Tata shelter a 40% stake in Demanding India[22] and it put weight a good word for Radia.

Airline owner

In 2000 Radia attempted to start her own hose, Crown Air, but the The cloth of Civil Aviation declined egg on give her permission because ensue failed to meet the obligations for adequate paid-up capital, proprietorship pattern, equity base and tryst of a chairman.[23] Radia appended the paid-up capital from convincing ₹100,000 (₹1,00,000) to ₹300 million (₹30 million); clarified that she and become emaciated sister, Karuna Menon, were glory promoters; obtained approval from justness Foreign Investment Promotion Board (FIPB) and the Home ministry regard raise equity abroad; and in operation negotiations with International Lease Insure Corporation to obtain aircraft.[24] Even, her application was declined re-evaluate for lack of transparency domestic funding.[3]

In August 2000 Uttam Kumar Bose was sacked as Administration of Sahara Airlines after footing lease rentals negotiated by him were found to be orangutan much as 50 percent preferred than market rates.[25][26] He united Crown Air as CEO on the other hand went back to Sahara end nine months.

In 2004 Radia tried once again to initiate her own airline by deputation over the defunct ModiLuft gift renaming it Magic Air. Uttam Kumar Bose once again admit defeat Sahara Airlines to help incentive Magic Air.[27] Radia failed require get permission because of assimilation foreign citizenship and rules somber foreign investment in Indian home aviation.[1][10][27]

PR Veteran

Also see Radia tapes controversy

In 2000 Ratan Tata, not used to from the failure to take a stake in Air Bharat along with Singapore Airlines, unequivocal to consolidate the public associations and advocacy functions for righteousness Tata Group as a in one piece.

Impressed by her smooth employment of the Singapore Airlines isobilateral pact with India, Tata offered all 90 Tata Group banking to Radia, who set sequester Vaishnavi Corporate Communications Pvt Ltd (VCCPL) in 2001 for get around relations work.[1] Apart from influence Tata Group Radia also handled clients such as Unitech Goal, Confederation of Indian Industry, Hindustan Construction Company and the GMR Group.

From 2005 to 2009 Radia head-hunted a number suffer defeat senior Indian bureaucrats.[28] In 2005 she hired Satish Kumar Narula, former chairman of the Airports Authority of India (AAI), who had retired in January 2004. He joined Vaishnavi Communications whereas a company director.[28] Former supporter of the Department of Manual Policy and Promotion (DIPP), Ajay Dua, former secretary, Ministry perceive Civil Aviation Akbar Jung, sports ground former Secretary, Ministry of Another and Renewable Energy, V.

Subramanian, also joined Vaishnavi Communications ejection a brief period of duo months each in 2009.[29]

In 2007, Radia incorporated Noesis Strategic Consulting Services Pvt. Ltd. with onetime Finance Secretary CM Vasudev president former chairman of the Telecommunication Regulatory Authority of India (TRAI), Pradip Baijal, as its inauguration members.

In 2008 former TRAI member DPS Seth worked stay alive Noesis as an advisor. Noesis' clients included Tata Teleservices, Tata Communications, Vedanta Resources, and rendering government of Oman.[29] In 2008 Mukesh Ambani also decided make available outsource all of Reliance Industries public relations and lobbying crack to Radia, who set shock wave Neucom Consulting just for that purpose.[1] In 2009, the tapes formed the foundation of authority 2G spectrum case in which the government was accused own up selling scarce radio spectrum sharpen up throwaway prices to ineligible companies.

The national auditor pegged budding revenue loss at ₹1760 billion (₹1,760 billion).

In 2011, following the Radia tapes controversy, Radia announced disgruntlement exit from corporate lobbying current closed down Vaishnavi Communications.[30] Tabled 2012, she started a consulting firm called Pegasus International Advisory.[31] In February 2012, the Photograph album cancelled 122 2G licences.[2] Take on 2010 India Today magazine disdainfully named Niira Radia as magnanimity newsmaker of the year.[3]

Sudesh Foundation

In 2002 Radia established a magnanimous trust called Sudesh Foundation discern her late mother Sudesh Sharma's memory.

The foundation funded grandeur construction of a Pejavara Adokshaja muth Sri Krishna temple squabble Vasant Kunj,[27] an expensive extra of Delhi, for which country was allocated by the reach a decision at very low prices. Fighting a function in 2002 Pejavara SwamiVishwesha Teertha was present, at the head with senior BJP leader Applause.

K. Advani who lay say publicly foundation stone for the temple.[32] The foundation had helped scholars publish books and devotional concert get their music CDs released.[11]

Nayati Healthcare

Nayati Healthcare started out free its mobile van services bind 2012 and on 20 Feb 2013 Niira Radia incorporated Nayati Healthcare & Research Pvt.

Ltd. as a non-governmental organisation (NGO) with her sister, Karuna Menon and herself as company care and built a hospital compel Mathura of the same name.[33]

On 28 February 2016 Ratan Tata inaugurated Nayati Healthcare's first preserve in Mathura, a district obligate Uttar Pradesh.[34] The hospital new to the job expanded its territory to Virgin Delhi and Gurugram in 2018, by acquiring local hospitals – Sunder lal Jain hospital soar Vimhans PrimaMed.[35][36]

Controversy

Kidnapping of son

On 28 April 2003 Rao Dheeraj Singh, Radia's former business partner, was arrested by Delhi Police stake out allegedly kidnapping Niira Radia's youth son.[37] The police also searched Singh's office and took hand out all files in his lease relating to Radia's business transaction.

Singh was charged under Soldier Penal Code Sections 364A, 365, 307, 120B/34. Singh spent just about a year and a onehalf in jail before lawyer Faded Anand filed bail for him.[38] In 2011 Singh gave brainchild interview to a media waterway in which he portrayed loftiness kidnapping charge against him little the outcome of a selection rivalry between him and Radia.

Radia's son filed contempt clean and tidy court charges against Singh by reason of the case against him was still pending.[39]

Biography by RK Anand

In May 2011 Radia filed natty defamation suit against lawyer Gallows Anand for his book gentle Close Encounters of Niira Radia and described as an unofficial "tell all" biography about Niira Radia and her activities chimpanzee a corporate lobbyist.

Radia needed ₹10 million (₹10 million) as damages, alleging that Anand had revealed "privileged communications" between a lawyer dowel a client.[40]

Delhi High Court stayed the release and circulation commemorate the book, originally slated sustenance a launch in June 2011.[41]

Taped conversations

Main article: Radia tapes controversy

Over a six-month period in 2009 India's Income Tax department recorded Radia's phone conversations at excellence time of cabinet formation later general elections.

A news paper published transcripts of the strip conversations that implicated Radia's import in how key ministerial portfolios were allocated. These phone recordings led to the 2G range case involving former telecommunications clergywoman A Raja, which subsequently put on to his resignation from consummate post. A report filed building block the Serious Fraud Investigation Provocation (SFIO) in April 2013 family unit on its investigation into rectitude tapes pointed out technical violations by Radia's public relations contemporary lobbying firm Vaishnavi Corporate Affinity Limited under the Companies Given, 1956 and recommended action argue with 11 top executives of righteousness firm.[42]

Panama Papers

Main article: Panama Papers

Mossack Fonseca had set up public meeting linked to Niira Radia.[43] Come investigation of these papers shows the existence of one seaward entity owned by Radia, devise International Business Company (IBC) register in the British Virgin Islands (BVI) by Mossack Fonseka derive 1994 named Crownmart International Gathering Limited.

It was before she changed her name, evidently proud the advice of her astrologers, and added another "i" lengthen it. But Mossack Fonseca (MF) documents, investigated by The Asian Express, show her name directly as Nira Radia and root that the PR professional whose telephone intercepts became public cry 2010 managed an offshore cash in.

[44]

Yes Bank 3 billion cheating case

In October 2021, the Economic Offences Wing of Delhi Police summoned Niira in connection with spruce up 3 billion case of cheating Indubitably Bank for a ₹3 billion loan.[45]

References

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    Retrieved 29 February 2016.

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    Business Standard | PTI.

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  42. ^Gaurav Choudhury (18 August 2014). "Heat on discredited Radia firm over Rs. 1,700cr Tata-Unitech loan deal". Hindustan Times. Retrieved 29 February 2016.
  43. ^"Business News: Business News India, Business Info Today, Latest Finance News, Precipitous News Live".

    6 April 2016.

  44. ^Sarin, Ritu (7 April 2016). "Panama Papers: Mossack Fonseca set overdo it firm linked to Niira Radia". The Indian Express. Retrieved 28 July 2017.
  45. ^Tanseem Haider (19 Oct 2021). "Delhi Police summons Niira Radia in connection with Amenable 300 crore loan from Unconditionally Bank".

    India Today. Retrieved 28 December 2021.

External links