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Jayanti Dharma Teja: The Nehru-era crony capitalist whom India chased across three continents


UPDATED: March 2, 2021 17:32 IST
Jayanti Dharma Teja s profile is remarkably similar to that of the present Vijay Mallya, another absconder from the judicial process in India (File Photo)
The likely extradition of diamond merchant Nirav Modi has brought back memories of another fugitive, Jayanti Dharma Teja, the lawbreaker charged with evading taxes worth crores and forcing the Indira Gandhi regime to pursue him in three jurisdictions United States, Costa Rica and United Kingdom before he was successfully brought to India in 1971.
In “Escaped: True Stories of Indian Fugitives in London”, London-based journalists Danish and Ruhi Khan have given a compelling account of Teja and India’s chase for him across three continents. ....

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Govt opens bids to sell majority stake in Shipping Corp of India


Updated Dec 22, 2020 | 10:53 IST
Union government s Department of Investment and Public Asset Management (DIPAM) has appointed RBSA Advisors as the transaction advisor for the privatisation of SCI.
Govt opens bids to sell majority stake in Shipping Corp of India 
New Delhi: The government on Tuesday invited bids to sell its 63.75% stake in Shipping Corporation of India (SCI) to a private investor. Note that the key asset sale was delayed due to the coronavirus pandemic. In a statement on Tuesday, the government said the deadline for submitting initial bids would be February 13.
Domestic, global players including some global funds have expressed interest for the Shipping Corporation of India. ET Now learned earlier that domestic companies like Essar Shipping, GE Shipping, Adani Group, Vedanta may participate in the bidding process.  ....

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