The London-based Indian billionaire who shared prison time with the ‘bikini killer’
- The Indian billionaire
Rajendra SinghSethia was declared innocent just last month after 34 years of fight.
- His ₹7.5 billion business empire collapsed in 30 months.
- Sethia once owned, a luxurious limousine, a fleet of ships, several casinos and trading companies struggled to gather ₹1 million to get him bailed.
His ₹7.5 billion business empire collapsed in 30 months. Sethia once owned, a luxurious limousine, a fleet of ships, several casinos and trading companies struggled to gather ₹1 million to get him bailed. Three Indian banks led by Punjab National Bank and the creditors were after his life for recovering $150 million after the dissolution of Esal Commodities.
However, the court cleared his name as an accused after the prosecution failed to prove charges of fraud against him.
London-based Rajendra Singh Sethia founded his company Esal Commodities in London in 1977 and the company earned a profit of ₹10 million just a year
Sethia turned ₹10 million profitable business to ₹6 billion business in five years (1977-1983)Advertisement
He reportedly spent significant time with the Serpent Charles Sobhraj aka 'bikini killer' in Tihar Jail
Interestingly, the banks he was accused of defrauding did not file any case against him.Advertisement
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