Suresh Nanda
{{Short description|Indian businessman and former Indian Navy officer}}
{{Use dmy dates|date=August 2019}}
{{Use Indian English|date=May 2018}}
{{Infobox person
| name = Suresh Nanda
| image =
| caption =
| birth_date = {{birth date and age|df=y|1941|6|1}}
| birth_place = Karachi, Sind, British India
| occupation = {{Hlist|Businessman|navy officer (retired)}}
| party =
| website =
| father = Sardarilal Mathradas Nanda
| spouse = Renu Nanda
| children = 2
| module = {{Infobox military person
| allegiance = {{flag|India}}
| rank = 24px Lieutenant commander
| branch = {{navy|India}}
| serviceyears = unknown
| embed = yes
}}
}}
Suresh Nanda (born 1 June 1941) is an Indian businessman, arms dealer and former naval officer. Nanda was a Lieutenant Commander in the Indian Navy, before starting his business career in the 1970s. In his business career, Nanda's business interests have been the defence, hospitality, information technology and infrastructure industries. During his career, Nanda consistently faced allegations of being one of India's most powerful arms dealers and in 2021, he was convicted by a special court for charges related to defence deals and bribery.
Early life and education
Suresh Nanda was born to Admiral Sardarilal Mathradas Nanda and Sumitra Nanda in Karachi, British India. His father, Sardarilal Mathradas, had also served as the Chief of the Naval Staff of the Indian Navy.{{Cite web |last=Our Bureau |date=10 March 2008 |title=Bribery bust nets big guns |url=https://www.telegraphindia.com/india/bribery-bust-nets-big-guns/cid/604058 |access-date=15 September 2024 |website=The Telegraph |archive-date=14 September 2024 |archive-url=https://web.archive.org/web/20240914213201/https://www.telegraphindia.com/india/bribery-bust-nets-big-guns/cid/604058 |url-status=live }} Nanda studied in St. Columba's School, Delhi, the same school where notable people, including Shah Rukh Khan, Rahul Gandhi, Sanjay Gandhi and officers of the Indian Armed Forces like Rana Chhina, Arun Khetarpal and DS Hooda, had studied.{{Cite web |title=Suresh Nanda |url=https://www.leaderbiography.com/suresh-nanda/ |website=Leader Biography |access-date=22 November 2019 |archive-date=1 November 2019 |archive-url=https://web.archive.org/web/20191101032016/https://www.leaderbiography.com/suresh-nanda/ |url-status=live }}{{Cite news |title=As Delhi’s St. Columba’s turns 75, its alumni have much to celebrate |work=Asian Age |url=http://www.asianage.com/india/all-india/160218/as-delhis-st-columbas-turns-75-its-alumni-have-much-to-celebrate.html |access-date=22 November 2019 |archive-date=16 March 2019 |archive-url=https://web.archive.org/web/20190316162823/http://www.asianage.com/india/all-india/160218/as-delhis-st-columbas-turns-75-its-alumni-have-much-to-celebrate.html |url-status=live }}
Navy career
Nanda graduated from the 16th course of the National Defence Academy and joined the Indian Navy. He eventually reached the rank of Lieutenant Commander; however, Nanda left the Indian Navy while serving as his father's flag lieutenant because “his father’s looming personality ensured he never got credit for anything he did.”{{Cite web |last=Ramesh |first=PR |date=12 May 2016 |title=Indian Arms Dealers: The Defence Dynasty |url=https://openthemagazine.com/features/india/indian-arms-dealers-the-defence-dynasty/#goog_rewarded |access-date=15 September 2024 |website=Open The Magazine |language=en-GB |archive-date=26 January 2022 |archive-url=https://web.archive.org/web/20220126103145/https://openthemagazine.com/features/india/indian-arms-dealers-the-defence-dynasty/#goog_rewarded |url-status=live }}{{Cite web |last=Unnithan |first=Sandeep |date=24 March 2008 |title=The Barak backfire |url=https://www.indiatoday.in/magazine/nation/story/20080324-the-barak-backfire-735711-2008-03-13 |access-date=2023-12-29 |website=India Today |language=en |archive-date=29 December 2023 |archive-url=https://web.archive.org/web/20231229185704/https://www.indiatoday.in/magazine/nation/story/20080324-the-barak-backfire-735711-2008-03-13 |url-status=live }}
Business career
Nanda began his business career after leaving the Indian Navy and by the 1970s, he joined his father's company, Crown Corporation. His, father Sardarilal Mathradas, had set up the company after to re-employ retired naval personnel. Nanda later took control of the Crown Corporation, and the company eventually became the Crown Group, with business interests in the defence, information technology and infrastructure industries.{{Cite web |title=About Us |url=https://crowncorp.in/about-us/ |access-date=2024-09-20 |website=Crown Group |language=en-US}}{{Cite web |date=13 May 2009 |title=Battling controversy,old age,former Navy Chief Admiral Nanda passes away |url=https://indianexpress.com/article/cities/delhi/battling-controversy-old-age-former-navy-chief-admiral-nanda-passes-away/ |access-date=2024-09-20 |website=The Indian Express |language=en |archive-date=20 September 2024 |archive-url=https://web.archive.org/web/20240920133231/https://indianexpress.com/article/cities/delhi/battling-controversy-old-age-former-navy-chief-admiral-nanda-passes-away/ |url-status=live }}{{Cite web |last=Banerjee |first=Aritra |date=23 August 2023 |title=Russian Arms Giant Rostec seeks Help from Indian Offset Partners amidst Ukraine Crisis – Private Intel Report |url=https://frontierindia.com/russian-arms-giant-rostec-seeks-help-from-indian-offset-partners-amidst-ukraine-crisis-private-intel-report/ |access-date=2024-09-20 |website=Frontier India |archive-date=20 September 2024 |archive-url=https://web.archive.org/web/20240920133230/https://frontierindia.com/russian-arms-giant-rostec-seeks-help-from-indian-offset-partners-amidst-ukraine-crisis-private-intel-report/ |url-status=live }} He also founded and managed the company Dynatron Services, which focused on providing maintenance and after-sales service to for equipment sold in India.
In 2000, Nanda stated in interviews that he founded the company C-1 India, an e-commerce company that focused on providing an online portal for procurement and tenders for Indian government departments and government companies.{{Cite web |last=Sarin |first=Ritu |date=30 March 2008 |title=Arms dealer Nanda in jail but firm he floated thrives on Govt business |url=https://indianexpress.com/article/news-archive/arms-dealer-nanda-in-jail-but-firm-he-floated-thrives-on-govt-business/ |access-date=18 September 2024 |website=The Indian Express |language=en |archive-date=1 November 2023 |archive-url=https://web.archive.org/web/20231101020053/https://indianexpress.com/article/news-archive/arms-dealer-nanda-in-jail-but-firm-he-floated-thrives-on-govt-business/ |url-status=live }} C-1 India came under scrutiny in 2008 due to its links with Nanda. Despite Vivek Agarwal, the company president, stating in 2008 that Nanda was longer involved with the company, the office address of C-1 India, D-5 Defence Colony, New Delhi, had a board outside listing C-1 India and Nanda's other companies: Crown Corporation and Dynatron Services. The scrutiny of C-1 India focused on foreign fund transfers into the company's accounts and queries on how government companies, including the then Ordinance Factory Board, was doing business with the company despite Nanda being named an arms dealer.
In 2003, Nanda entered the hotel industry by acquiring the Claridges Hotel in New Delhi and the Nabha Palace Hotel in Mussoorie.{{Cite news |last=TNN |date=2003-04-06 |title=Nanda takes the Claridges cake |url=https://timesofindia.indiatimes.com/city/delhi/nanda-takes-the-claridges-cake/articleshow/42602669.cms |access-date=2024-09-18 |work=The Times of India |issn=0971-8257 |archive-date=18 September 2024 |archive-url=https://web.archive.org/web/20240918174709/https://timesofindia.indiatimes.com/city/delhi/nanda-takes-the-claridges-cake/articleshow/42602669.cms |url-status=live }}{{Cite news |title=Claridges Hotel up for sale; Rs 1,500 crore expected |url=https://economictimes.indiatimes.com/industry/services/hotels-/-restaurants/claridges-hotel-up-for-sale-rs-1500-crore-expected/articleshow/50274859.cms |work=Economic Times |access-date=26 February 2020 |archive-date=14 April 2021 |archive-url=https://web.archive.org/web/20210414201921/https://economictimes.indiatimes.com/industry/services/hotels-/-restaurants/claridges-hotel-up-for-sale-rs-1500-crore-expected/articleshow/50274859.cms |url-status=live }}{{Cite news |title=Claridges to demolish, build new Sea Rock |url=https://www.dnaindia.com/business/report-claridges-to-demolish-build-new-sea-rock-1121287 |work=DNA India |access-date=26 February 2020 |archive-date=26 February 2020 |archive-url=https://web.archive.org/web/20200226093805/https://www.dnaindia.com/business/report-claridges-to-demolish-build-new-sea-rock-1121287 |url-status=live }} Subsequently, he built Vivanta Surajkund which is managed by the Indian Hotels Company Limited.{{Cite news |last=Chaturvedi |first=Anumeha |date=2018-08-25 |title=Indian hotels, Claridges in JV Talks |url=https://economictimes.indiatimes.com/industry/services/hotels-/-restaurants/indian-hotels-claridges-in-jv-talks/articleshow/65537418.cms?from=mdr |url-access=subscription |access-date=2024-09-18 |work=The Economic Times |issn=0013-0389 |archive-date=18 September 2024 |archive-url=https://web.archive.org/web/20240918184529/https://economictimes.indiatimes.com/industry/services/hotels-/-restaurants/indian-hotels-claridges-in-jv-talks/articleshow/65537418.cms?from=mdr |url-status=live }} In 2015, he expanded made his hotel business international and built Taj Dubai in Dubai.{{Cite web |date=16 March 2020 |title=Suresh Nanda and Taj Group come up with a masterpiece |url=https://www.mid-day.com/lifestyle/culture/article/suresh-nanda-and-taj-group-come-up-with-a-masterpiece--a-classic-rooftop-bar-at-taj-dubai-22677202 |access-date=2024-09-18 |website=Mid-day |language=en |archive-date=18 September 2024 |archive-url=https://web.archive.org/web/20240918194743/https://www.mid-day.com/lifestyle/culture/article/suresh-nanda-and-taj-group-come-up-with-a-masterpiece--a-classic-rooftop-bar-at-taj-dubai-22677202 |url-status=live }}
Arms dealing and conviction
Nanda has since the 1980s repeatedly faced allegations of being one of the three largest arms dealers in India and he was convicted by a special court in 2021 in connection with defence deals and bribery.{{Cite web |last=Sarin |first=Ritu |date=28 October 2006 |title=Arms and the Men |url=https://indianexpress.com/article/news-archive/arms-and-the-men-6/ |access-date=2024-09-18 |website=The Indian Express |language=en |archive-date=4 June 2022 |archive-url=https://web.archive.org/web/20220604210708/https://indianexpress.com/article/news-archive/arms-and-the-men-6/ |url-status=live }} Sudhir Choudhrie and Vipin Khanna faced allegations of being among the other two largest arms dealers, and the families of all three individuals, including Nanda's family, were reported to have had a controlling presence in the Indian defence industry since the 1980s.{{Cite web |last=Mihir |first=Srivastava |date=April 5, 2012 |title=The Men Who Do Not Exist |url=https://openthemagazine.com/features/india/the-men-who-do-not-exist/ |url-status=live |archive-url=https://web.archive.org/web/20201111213912/https://openthemagazine.com/features/india/the-men-who-do-not-exist/ |archive-date=11 November 2020 |access-date=11 March 2021 |website=Open}} According to journalist Sandeep Unnithan in 2008, his company, the Crown Corporation was "associated with major defence deals concluded with the Soviet Union and later Russia...The booming arms trade of the ’80s and ’90s gave the Nandas all the trappings of plutocracy: a sprawling mansion on Grosvenor Square in London’s exclusive Mayfair district, a mansion on Prithviraj Road in the heart of Lutyens' Delhi and Bentleys and BMWs in the garage." In 2006, alleged arms dealer Abhishek Verma claimed that he was being framed for the Scorpene deal scam by former Deputy Prime Minister of India L.K. Advani, who Verma further claimed was being assisted and funded by Nanda.{{Cite web |date=24 March 2006 |title=Advani framed me: Abhishek |url=https://www.hindustantimes.com/india/advani-framed-me-abhishek/story-0tNB04iywG3h6KBKJvyeUM.html |access-date=19 September 2024 |website=Hindustan Times |archive-date=23 April 2023 |archive-url=https://web.archive.org/web/20230423114314/https://www.hindustantimes.com/india/advani-framed-me-abhishek/story-0tNB04iywG3h6KBKJvyeUM.html |url-status=live }}
= Operation West End and Barak Missile scandal =
In 2001, Operation West End, a sting operation conducted by Tehelka, named Nanda as one of the recipients of kickbacks in the acquisition of Barak 1 missiles, manufactured by Israeli Aerospace Industries (IAI), by the Indian government.{{Cite book |last=Trehan |first=Madhu |url=https://books.google.com/books?id=jtJbBAAAQBAJ&dq |title=Prism Me a Lie Tell Me A Truth: Tehelka as Metaphor |date=2011-04-06 |publisher=Roli Books |isbn=978-81-7436-950-5 |location=New Delhi |language=en |access-date=18 September 2024 |archive-url=https://web.archive.org/web/20230413193217/https://books.google.com/books?id=jtJbBAAAQBAJ&dq=tehelka+transcript+%22vipin+khanna%22&pg=PT153 |archive-date=13 April 2023 |url-status=live }} It was alleged in Operation West End, that Nanda paid a bribe to Samata Party President Jaya Jaitley. However, the Central Bureau of Investigation (CBI), after their investigation of the Barak Missile scandal, filed a closure report due to lack of evidence.{{Cite web |last=IANS |date=1 February 2017 |title=Court accepts closure report in Barak missile deal |url=https://www.business-standard.com/article/news-ians/court-accepts-closure-report-in-barak-missile-deal-117020101010_1.html |access-date=19 September 2024 |website=Business Standard |archive-date=30 October 2022 |archive-url=https://web.archive.org/web/20221030055346/https://www.business-standard.com/article/news-ians/court-accepts-closure-report-in-barak-missile-deal-117020101010_1.html |url-status=live }}{{Cite news |last=Chauhan |first=Neeraj |date=2013-12-11 |title=CBI closes Barak scandal case for lack of evidence |url=https://timesofindia.indiatimes.com/india/cbi-closes-barak-scandal-case-for-lack-of-evidence/articleshow/27199226.cms |access-date=2024-09-18 |work=The Times of India |issn=0971-8257 |archive-date=9 July 2024 |archive-url=https://web.archive.org/web/20240709105210/https://timesofindia.indiatimes.com/india/CBI-closes-Barak-scandal-case-for-lack-of-evidence/articleshow/27199226.cms |url-status=live }} In Tehelka's conversation with retired Lieutenant Colonel V.K. Berry as part of the sting operation, he stated that Nanda was one of the three largest arms dealers.{{Cite web |last1=Bahal |first1=Aniruddha |last2=Samuel |first2=Mathew |title=Operation West End |url=http://tehelka.com/investigation/investigation36.htm |url-status=dead |archive-url=https://web.archive.org/web/20010331175847/http://tehelka.com/investigation/investigation36.htm |archive-date=31 March 2001 |access-date=21 July 2022 |website=Tehelka |page=36}}
= Conviction =
In the First Information Report filed on 9 October 2005, the CBI mentioned large payments from the firm MTU Aero Engines, a supplier to IAI, into the bank accounts of Dynatron Services, a company managed by Suresh Nanda and his family members during the relevant period. In March 2008, Nanda was arrested by the CBI, along with his son Sanjeev and chartered accountant Bipin Shah while reportedly trying to bribe an Income Tax Department (IT Department) officer Ashutosh Verma, the deputy director of IT (investigations), with Rs 10 crore to keep under wraps the report of a series of IT raids on his premises in 2007, which reportedly unearthed incriminating evidence of his involvement in the Barak Missile scandal.
The CBI's evidence against Nanda included 134 incriminating telephone conversations and messages that were intercepted in 2008. The CBI also produced as evidence, 32 incriminating conversations between Nanda and others, which included a prosecution witnesses that was related to discussions about a land deal in Goa. The special court convicted all four for bribery charges in April 2021 and sentenced them to one-year of rigorous imprisonment.{{Cite web |last=Mohan J |first=Anand Mohan |date=2021-04-02 |title=Bribery case: Arms dealer Suresh Nanda, IRS officer among 3 convicted |url=https://indianexpress.com/article/india/bribery-case-arms-dealer-suresh-nanda-irs-officer-among-3-convicted-7255022/ |access-date=2023-12-29 |website=The Indian Express |language=en |archive-date=29 December 2023 |archive-url=https://web.archive.org/web/20231229201217/https://indianexpress.com/article/india/bribery-case-arms-dealer-suresh-nanda-irs-officer-among-3-convicted-7255022/ |url-status=live }}{{Cite web |last=Mohan J |first=Anand |date=2021-04-05 |title=Bribery case: Arms dealer Suresh Nanda, chartered accountant and ex-IRS officer sent to 1 year of rigorous imprisonment |url=https://indianexpress.com/article/india/bribery-case-three-sent-to-one-year-of-rigorous-imprisonment-7260110/ |access-date=2023-12-29 |website=The Indian Express |language=en |archive-date=29 December 2023 |archive-url=https://web.archive.org/web/20231229201219/https://indianexpress.com/article/india/bribery-case-three-sent-to-one-year-of-rigorous-imprisonment-7260110/ |url-status=live }}
Personal life
Nanda is married to Renu Nanda and has two children, Sanjeev and Sonali.{{Cite news |last=Singh |first=Smriti |date=2008-09-06 |title='My son lost his youth in trial' |url=https://timesofindia.indiatimes.com/city/delhi/my-son-lost-his-youth-in-trial/articleshow/3450383.cms |access-date=2024-09-18 |work=The Times of India |issn=0971-8257 |archive-date=18 September 2024 |archive-url=https://web.archive.org/web/20240918213545/https://timesofindia.indiatimes.com/city/delhi/my-son-lost-his-youth-in-trial/articleshow/3450383.cms |url-status=live }} His daughter, Sonali, married businessman Peter Punj in 2002.{{Cite news |last=TNN |date=2002-02-19 |title=A wedding to remember... |url=https://timesofindia.indiatimes.com/delhi-times/a-wedding-to-remember-/articleshow/1496723.cms |access-date=2024-09-18 |work=The Times of India |issn=0971-8257 |archive-date=18 September 2024 |archive-url=https://web.archive.org/web/20240918212543/https://timesofindia.indiatimes.com/delhi-times/a-wedding-to-remember-/articleshow/1496723.cms |url-status=live }}{{Main|1999 Delhi hit-and-run case}}
In 1999, Nanda's 19-year-old son Sanjeev Nanda ran over and killed six people, including three police constables in a hit and run with his BMW in New Delhi. Tests showed that Sanjeev was drunk at the time of the accident. He was sentenced to five years in jail by a Delhi court; but the Delhi High Court allowed him to serve two years instead. The Delhi Police appeal the reduced sentence to the Supreme Court and sought a harsher 10-year imprisonment. However, the Supreme Court allowed Sanjeev Nanda to be released on account of his time served, required him to do two years of community service and pay a fine of 50 lakh rupees.{{Cite web |title=BMW case: Six lives would have been saved if Sanjeev Nanda showed mercy, says Supreme Court |url=https://www.ndtv.com/india-news/bmw-case-six-lives-would-have-been-saved-if-sanjeev-nanda-showed-mercy-says-supreme-court-495315 |access-date=2023-12-29 |website=NDTV.com |archive-date=29 December 2023 |archive-url=https://web.archive.org/web/20231229201217/https://www.ndtv.com/india-news/bmw-case-six-lives-would-have-been-saved-if-sanjeev-nanda-showed-mercy-says-supreme-court-495315 |url-status=live }}