Simba Essel Energy Inc SMBZF

Fraud lies and corrupt

[kejriwal123]

From subash Chandr chairman Essel  autobiography:

Whether it’s the contract for the export of Basmati rice in the early 1980s to the former Soviet Union, thanks to bribing Dhirendra Brahmachari (Rs 2 crore on the face of it) to get right of way to the then ruling Gandhi family (Sanjay Gandhi, whom he had painstakingly befriended having died by this time in an air crash) or the seed capital for his TV business (a shortfall of $400,000 that came to him, on the recommendation of Rajiv Gandhi, from an “anonymous” NRI) Mr Chandra has perfected the art of seeing bribery as facilitation fees.

To his credit, he mentions these facts. But he mentions them in such a way that he absolves himself of all blame. In his defence, the system itself is corrupt. But Mr Chandra is not unduly troubled by it. Like a good businessman he sees it as part of the capex. He is not conflicted putting it down in words at this stage in life when he is in an unassailable position. The short point is that Mr Chandra is the right man at the right time.