Suresh Nanda

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Suresh Nanda
Born Suresh Nanda
June 1, 1941
India
Residence India;
Occupation Businessperson
Investment Banker,
Lt. Commander (former)
Spouse(s) Renu Nanda (present)
Children Sanjeev Nanda, Sonali Nanda Punj; son-in-law Peter Punj
Parent(s) S. M. Nanda

Suresh Nanda is an Indian businessman, former Lt. Commander for the Indian navy, and owner of several companies including the firm Crown Corporation, Dynatron Services, and Claridges hotels in India.[1][2][3] According to the Wall Street Journal his hotel has recently purchased Lohagarh Fort in India.[4] [5] He is the son of Sardarilal Mathradas Nanda[6] and the father of Sanjeev Nanda.

Career[edit]

Suresh Nanda also owns the Claridges Hotels and Resorts (CHR) group ([1]), with its flagship hotel in New Delhi, which has recently acquired the Sea-Rock hotel in Bandra, Mumbai and Lohagarh Fort.[7] Sanjeev Nanda is the chairman of the group.

Issues in the media[edit]

Nanda was implicated in the Tehelka sting operation West End for giving bribes in at least two transactions:

Barak Missile Scandal[edit]

On 23 October 2000, a $200 million order was placed with Israel Aircraft Industries (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.[10]

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 revoked; however, according to the media his company's business increased following these events.[11]

References[edit]