Friday, November 13, 2015

The Corruption, Conflict of Interest & Benami Companies of Suresh Prabhu

Suresh Prabhu as the new Railway Minister has helped General Electric Company and Montek Singh Ahluwalia in covering up the corruption, bribes, forgery, fraud, and illegal lobbying involved in the Projects and tenders for the diesel locomotive factory at Marhowra and the electric locomotive factory at Madhepura. 

Read below for information about the benami companies owned by Suresh Prabhu, his wife Uma Prabhu and his son Ameya Prabhu. Also read below for how Suresh Prabhu's career is built upon violation of all principles of good governance and conflict of interest. 

I remind you of some aspects from Mr Suresh Prabhu's past and recent past. Suresh Prabhu has facilitated and benefited from multiple scams right through the 1990s, the 2000s and now he is facilitating the General Electric Company Marhowra Diesel Rail Factory scam. For information on Suresh Prachu's scam ridden career, please read through the links below. 


Suresh Prabhu was involved in the Ponzi schemes & investor frauds of Nandan Gadgil (the Gadgil Western Group) in 1990s

http://sureshprabhu-alert.blogspot.in/2015/11/suresh-prabhu-involved-in-ponzi-schemes.html

Mr Suresh Prabhu was involved in the multi-crore cobbler scam in Maharahtra in the mid-1990s when he was Chairman of Saraswat Bank.
http://sureshprabhu-alert.blogspot.in/2015/11/suresh-prabhus-involvement-in-infamous_13.html

Mr Suresh Prabhu also played a dubious role in the Enron-GE-Dabhol scam when he was Power Minister in the Vajpayee led NDA government. It appears as if Suresh Prabhu's appointment as Power Minister was to facilitate the cover up of the corrupt dealings in the Dabhol Project.
http://sureshprabhu-alert.blogspot.in/2015/11/suresh-prabhu-manoj-tirodkar_13.html

Suresh Prabhu facilitated and benefited from the Adarsh scam as a flat allottee, and with his links to power and politics in Maharashtra, his claim that he was unaware of the illegalities and was a mere "victim" is disingenuous.
http://sureshprabhu-alert.blogspot.in/2015/11/suresh-prabhu-facilitated-and-benefited_13.html


Also read how Suresh Prabhu was appointed Rail Minister under influence of General Electric Company to cover up corruption in Marhowra and Madhepura loco Projects & tenders 
http://sureshprabhu-alert.blogspot.in/2015/11/suresh-prabhu-appointed-rail-minister.html


& how Suresh Prabhu inappropriately appointed former DMRC Managing Director, E. Sreedharan as a one-man committee to fix accountability in all rail tendering processes

http://sureshprabhu-alert.blogspot.in/2015/11/when-suresh-prabhu-inappropriately_13.html

I attach a copy of Mr Suresh Prabhu's CV. He claims to be active as an entrepreneur in the area of renewable energy. He is therefore bound to have past and ongoing ties to General Electric Company, one of the biggest corporates in the area of energy and renewable energy.

Mr Suresh Prabhu is pursuing a PhD at the Freie University in Berlin, which is described on the internet as a CIA funded organization.

Mr Suresh P. Prabhu is Chairperson of the Council on Energy, Environment and Water, India.

Suresh Prabhu's son Ameya Prabhu is an entrepreneur and investor in energy portfolios and projects. His CV reads like that of a middleman for energy deals.
Suresh Prabhu and his son Ameya Prabhu appear to have been jointly working as a lobbying/fixer/facilitator team for corporate interests in the area of renewable energy and water policy and projects in India.

Suresh Prabhu and his son Ameya Prabhu must disclose their past and present dealings (including financial dealings) with General Electric Company and its affiliates.

Ameya Prabhu's business interests create a clear conflict of interest if Suresh Prabhu handles any energy/ renewable energy related policy/ projects for the Government of India. It is therefore a matter of grave concern that the present government of Prime Minister Narendra Modi has appointed Suresh Prabhu as the head of a high-level panel on power revamp — "Advisory Group for Integrated Development of Power, Coal and Renewable Energy."

I have earlier complained of conflict of interest concerns regarding Montek Singh Ahluwalia and his son Pawan Ahluwalia. Mr Suresh Prabhu and his son Ameya Prabhu are in the same boat and Mr Suresh Prabhu's recent appointments to positions in the Government of India raise serious concerns of conflict of interest.

The Narendra Modi government came to power after an election campaign run on anti-corruption messaging and promises. That is why the appointment of Mr Suresh Prabhu to government positions and to the Railway Ministry despite his conflict of interest and past background of involvement in corruption and its cover-up is very disappointing. I urge Prime Minister Narendra Modi to correct course and to ensure that there is no cover up of the corruption, bribes, forgery, fraud, and illegal lobbying involved in the Projects and tenders for the diesel locomotive factory at Marhowra and the electric locomotive factory at Madhepura. 

I am concerned that Mr Sadanand Gowda was replaced with Suresh Prabhu because the former was hesitant to proceed with the corruption-tainted Madhepura and Marhowra projects. Recently in September 2014, the Railways Financial Commissioner in a letter to Mr Gowda (as Rail Minister) had recommended that these Projects be scrapped as such long-term purchase orders with assured off-take were unnecessary and constituted a debt-trap for the Indian Railways. 



Dossier on Suresh Prabhu


There is even more shocking information about the unsuitability of Mr Suresh Prabhu as Rail Minister and for any Government of India position.
Even a basic background search about Mr Suresh Prabhu and his family would have shown many red flags in connection with his suitability for a cabinet ministerial post or any government post.

An internet search shows that Suresh Prabhu's son Ameya Prabhu and Suresh Prabhu's wife Uma Prabhu are promoter-directors in several companies whose names indicate operations in the business areas of finance, infrastructure, consultancy and energy. Mr Suresh Prabhu is not a business tycoon. Since 1995/1996, he claims to have been in politics. He has been an MP four times. He was a Chartered Accountant. His wife Uma Prabhu is supposed to be a journalist/ writer.

Then why are his son and wife promoters/ directors in the following companies. These are obviously Suresh Prabhu's benami companies. 

SURVALL GLOBAL PROJECTS PRIVATE LIMITED

GREENERGY WIND FARMS PRIVATE LIMITED 

YELLOW MAPLE FINANCIAL ADVISORS PRIVATE LIMITED

INDO-AFRICA RESOURCES PRIVATE LIMITED

INFRA POWER CONSULTING PRIVATE LIMITED

ESSAY INFRA RESOURCES PRIVATE LIMITED

GREENERGY PROJECT DEVELOPMENT COMPANY PRIVATE LIMITED

FORESIGHT 2020 PROJECT CONSULTANTS PRIVATE LIMITED

BLUE CRANE HOLDINGS PRIVATE LIMITED

CLEANTECH RENEWABLE ENERGY PRIVATE LIMITED

ENERGY INDIA CORPORATION LIMITED

GREENERGY RENEWABLES PRIVATE LIMITED

MANAV SADHAN VIKAS SUSTAINABLE FOUNDATION

EDUWISE CONSULTANCY PRIVATE LIMITED

DUES BERG BOSSON FINANCIAL SERVICES PRIVATE LIMITED

This confirms that Suresh Prabhu, his wife and son have been involved in some very suspicious business/ financial dealings through these companies.   

I also refer to the following statement from Ameya Prabhu's profile as posted on the website of his company Greenergy Renewables.

"He was involved in formulating a relationship with a leading European utility for co-developing a thermal power plant in Maharashtra, India and in tying up the coal linkage for the project".

This statement shows that Ameya Prabhu basically acted as a middleman/ fixer/ broker for this project. He also tied up the coal linkage. Was this part of the coal scam allotments?


The information on Suresh Prabhu's benami companies where his wife/son are directors is reproduced below. A copy of Suresh Prabhu's CV is also attached. 


SURVALL GLOBAL PROJECTS PRIVATE LIMITED
U40108MH2011PTC214752
No of Views
7
( 0 voters)
SURVALL GLOBAL PROJECTS PRIVATE LIMITED is a private company registered on 14/03/2011. The company has an authorized capital of Rs 50,00,000.00 and paid-up capital of Rs 1,00,000.00.
Its registered office is situated at 809, Dalamal Towers,nariman Point, Free Press Marg,, Mumbai, Maharashtra, India-400021.
The status of company in the records of Registrar is active which means that it is actively doing all its filing with the Registrar.
Company has currently 2 director and falls under the jurisdiction of Registrar of Company-Mumbai.

Incorporation Date
14/03/2011
Registering Authority
Registrar of Company-Mumbai
Registration Number
214752
Listing Type
Unlisted
Company Nature
Company limited by shares
Company Type
Private
Status at Registry
Active
Company Sub Category
Indian Non-Government Company
Authorized Capital
Rs. 50,00,000.00
Paid-up Capital
Rs. 1,00,000.00
·          EDIT
Address
809, DALAMAL TOWERS,NARIMAN POINT, FREE PRESS MARG,
City
MUMBAI
State
Maharashtra
Country
INDIA
Pin
400021
Email Id
ameyaprabhu@gmail.com

DIN/DPIN/PAN
Director Name
Appointment Date
Designation
AMEYA SURESH PRABHU
14/03/2011
Director
UMA SURESH PRABHU
21/03/2014
Additional Director
DIN/Director Name
Company Name
Designation
Director
Director
Director
Director
Director
Director
Director
Director
Director
Director
Director
Director
Director
Director
Director
Director
Director
Director
Director
Director
Director




Amerya Prabhu is the Deputy Managing Director of Greenergy Renewables Private Limited which describes itself as a Renewable Energy Independent Power Producer (IPP) and a Renewable Energy Services Company (RESCO). According to its website, Blue Crane Holdings Pvt. Ltd. (BCH) is the investor in Greenergy Renewables Pvt. Ltd. Ameya Prabhu is the nominee of Blue Crane in Greenergy.

Greenergy's website contains the following profile for Ameya Prabhu:
"Mr. Ameya Prabhu - Deputy Managing Director
Mr Ameya Prabhu, in his capacity as Deputy Managing Director, is responsible for working closely with the Managing Director to lead the organization towards achievement of its goals. Mr Prabhu is involved extensively in devising a corporate strategy for Greenergy, and in raising funds for the company.
Mr Prabhu is a nominee of Blue Crane Holdings on the Board of Directors of Greenergy Renewables. Blue Crane Holdings is a company focused on emerging business opportunities in the water and clean energy sectors. His areas of expertise include: finance, renewable energy, energy efficiency, power, foreign collaborations and partnerships.
Mr Prabhu was previously a Director with Energy India Corporation and was involved in developing thermal and wind power projects in South Asia. He was involved in formulating a relationship with a leading European utility for co-developing a thermal power plant in Maharashtra, India and in tying up the coal linkage for the project.  His earlier experience includes stints at IL&FS marine transport division, Enam Consultants, DSP Merill Lynch and ICICI Bank.
Mr Prabhu holds a Masters in Financial Management from the IE Business School and is a CFA Level II Candidate. He has a B.Sc. in Economics, Politics and International Studies at the University of Warwick."

The Blue Crane website at http://www.bluecraneholding.com/index01.htm contains no information about its officers or its investors.  The only information on this website is some contact information which reads as under:

"Aban House, 3rd floor, Sai Baba Lane
(Rope Walk Lane), Behind Rhythm House
Fort, Mumbai 400023 INDIA

Tel : +91-22-4002 5770
Fax : +91-22-4002 5778

Ameya Prabhu is also shown as a Director in Essay Infra, and the company's website contains the following profile for Suresh Prabhu:

"Ameya Prabhu, Director
With a Bsc. in Economics, Politics and International Studies from the University of Warwick and a Masters in Financial Management from the IE Business School in Madrid, Spain, he is actually positioned as a CFA Level II Candidate.
Previously a Director with Energy India Corporation, Mr. Prabhu was involved in developing thermal and wind power projects in South Asia. He was involved in formulating a relationship with a leading European utility for co-developing a thermal power plant in Maharashtra, India and in tying up the coal linkage for the project. His earlier experience includes stints at IL&FS marine transport division, Enam Consultants, DSP Merill Lynch and ICICI Bank.
Mr.Prabhu's areas of expertise include: finance, renewable energy, energy efficiency, power, foreign collaborations and partnerships. Currently he is actively working towards promoting closer integration between companies in India, China and Latin America."

Energy India Corporation has no functional website. This is where Ameya Prabhu claims to have worked earlier.

ESSAY INFRA RESOURCES PVT. LTD.

Corporate Office:
201, Sumer Kendra,
P.B. Marg, Worli,
Mumbai 400093,
Maharashtra, India.
           
Tel.: +91 22 - 40963300
Fax: +91 22 - 40963300

Essay Infra's website describes its business areas in the following terms:
"Business Areas
SWIFT business, swiftly.

Essay Infra has evolved its key areas of focus in synch with the India-development theme. With our focus on Solar Energy, Water, Infrastructure, Finance and Trading, Essay Infra is aligned to make most of the immense potential that lies ahead in the region.

We have designed the interplay between our areas of focus and our global partnerships to embed speed and efficiency as we seek to focus on SWIFT in a swift manner."

Mr Suresh Prabhu also appeared to own a Finance Company at one time.
"AMEYA PRABHU FINANCE LIMITED
L65990MH1997PLC106955
No of Views
8
( 0 voters)
Brief
AMEYA PRABHU FINANCE LIMITED is a listed company registered on 31/03/1997. The company has an authorized capital of Rs 30,00,000.00 and paid-up capital of Rs 25,00,000.00.
Its registered office is situated at Unit No 1/2 & 3 Mid Townplaza Shivaji Nagarnear Punjab National Bank, Thane, Maharashtra, India-400604.
The status of company in the records of Registrar is strike off which means that it has closed its operations.
Company has currently 0 director and falls under the jurisdiction of Registrar of Company-Mumbai.
BASIC DETAILS
Incorporation Date
31/03/1997
Registering Authority
Registrar of Company-Mumbai
Registration Number
106955
Listing Type
Listed
Company Nature
Company limited by shares
Company Type
Public
Status at Registry
Strike off
Company Sub Category
Indian Non-Government Company
Authorized Capital
Rs. 30,00,000.00
Paid-up Capital
Rs. 25,00,000.00
CONTACT DETAILS
 Edit
Address           UNIT NO 1/2 & 3 MID TOWNPLAZA SHIVAJI NAGARNEAR PUNJAB NATIONAL BANK
City     THANE
State    Maharashtra
Country           INDIA
Pin       400604
Email Id          Not Available"


Published: July 2, 2014 01:58 IST | Updated: July 2, 2014 01:58 IST
Suresh Prabhu to head panel on power

Sandeep Dikshit
The National Democratic Alliance government has appointed the former Cabinet Minister, Suresh Prabhu, as the head of a high-level panel on power revamp — "Advisory Group for Integrated Development of Power, Coal and Renewable Energy."

Mr. Prabhu will draw on his experience as the initiator of reforms in the power sector during his tenure as Power Minister in the former NDA government when he had piloted the integrated electricity bill and the law for setting up a regulator, something that current Minister Piyush Goyal wants to do in the coal sector, sources said.

Mr. Prabhu will be assisted by three former bureaucrats — Pratyush Sinha, Anil Baijal and Partha Bhattacharya.

The former Central Vigilance Commissioner, Pratyush Sinha, was earlier heading a committee overseeing distribution of Central officers of Andhra Pradesh cadre between the two successor States of Telangana and Andhra Pradesh in the previous government.

Vast experience
Mr. Baijal has extensive experience in the public and private sectors. A former Indian Airlines chief and former Union Home Secretary, he has also been associated with DLF, ITC and Bharti Groups post-retirement.

Mr. Bhattacharya is a former Coal India Limited chief who had piloted the country's largest IPO. He was also instrumental in turning around Bharat Coal that was incurring annual losses of Rs. 600 crore.





Suresh Prabhu is completely unsuitable for a government position and his appointment as Rail Minister has been made under pressure from General Electric Company which must answer corruption charges in connection with the Projects and tenders for the proposed diesel and electric locomotive factories at Marhowra and Madhepura.