Bhanu Choudhrie: Is He a Criminal? The Truth Exposed (2024)
Bhanu Choudhrie and his father Sudhir Choudhrie, are well known amidst millionaires in India. The father-son duo not only marked their presence in India but also have emerged as potential politicians of UK. However, the fortune favors you till you favor the universe. The day you start being against the ‘legal conduct’, everything around you flip.
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Despite, the social and political stigma, Bhanu Choudhrie and Sudhir Choudhrie have to deal with the legislative actions. The reason behind the strict attitude of authorities towards them is a result of continued accusations and allegations against them. Although, Bhanu Choudhrie and Sudhir Choudhrie got bail each time, the netizens claim distinctively. Let’s begin to reach a conclusion, regarding the differing views.
The Case: Bhanu Choudhrie, A Convict Or Victim?
It has been more than a decade that the Choudhries, namely Bhanu Choudhrie and Sudhir Choudhrie, are being interrogated. And the question is, why?
The two businessmen have been questioned for various scams and criminal forgery but not to our surprise, each time they managed to get a clean-chit. This time, Bhanu Choudhrie is being investigated for the dubious financial and corporate actions he took in the industrial reign, UK.
CBI books Rolls-Royce, 2 Indian-origin businessmen in aircraft deal corruption case – India Today
We all are well aware that Bhanu Choudhrie and his father are trying to sneak into the political structure of the UK, but before that the two had to gain social and economic status for which they did a lot of hardwork and alleged trickery, too.
Bhanu Choudhrie and Sudhir Choudhrie worked in Rolls-Royce as the key executives of Rolls-Royce. The firm was too flourishing under the guidance of Sir John Rose, but soon after his exit, things started shattering for Rolls-Royce.
The investigation team SFO (Serious Fraud Office) interrogated Bhanu Choudhrie and Sudhir, for possible corruption and bribery in the Asian segment of Rolls-Royce. In 2014, the SFO reported a potential fraud in the firm, and arrested the Choudhries for the same. However, the SFO could not provide proper evidence to prove the allegations, eventually emancipating the alleged. Now, it has been almost a decade that Choudhries are leading an unshackled life, but in recent times the case again started surfacing.
2023, the CBI (Central Bureau of Investigation) again cornered the Rolls-Royce firm and its executives, Sudhir Choudhrie and Bhanu Choudhrie for alleged corruption in the 24 Hawk 115 Advanced Jet Trainer Aircraft deal. The sources reveal that the FIR is specifically lodged against Tim Jones, the director of Rolls-Royce and the Choudhrie duo. The allegation against the two is to “cheat the government of India”, in regards to the mentioned deal.
Furthermore, one thing that needs to be noted here is that, why specifically the CBI spotted Bhanu Choudhrie and Sudhir Choudhrie, rather than someone else. The reason behind the selectivity digs out the past ‘Karma’ of the disdained.
The Karma: History Retaliates The Alleged Actions Of Bhanu Choudhrie
Rolls-Royce has been owning the corporate world since 1904, hence, it gets highly important to reach the depths of corruption sustaining in the firm. In order to do the same, SFO (Serious Fraud Office) has made certain claims, and all the claims pin-pointed Bhanu Choudhrie and Sudhir Choudhrie.
But, it’s not the first or last time, the legal authorities have to interrogate the father-son team. Instead, the two have been under the scanner since eternity. Here, few cases from the past life of Bhanu Choudhrie and his father are discussed, which eventually explains the reason behind the doubt of CBI.
CBI Past Investigations Exposing The Alleged Duo, Bhanu Choudhrie & Sudhir Choudhrie
2004, Sudhir Choudhrie was investigated by India’s CBI for alleged dubious payoffs to the company’s agents. But, non-surprisingly, in 2004 too, Sudhir Choudhrie managed to turn the tables towards him. The lawyers of Sudhir Choudhrie and Bhanu Choudhrie later claimed that the whole allegation was a framed plot against him, with the aim of tarnishing their image. Eventually, 2004 closed completely till the calendar could mark year 11.
Are Bhanu Choudhrie & Sudhir, Amongst the “Undesirable Contact Men”
CBI (The Central Bureau of Investigation) assembled and disseminated a list of unscrupulous people namely, ‘the undesirable contact men’. However, the shocking part is that Sudhir Choudhrie is one of the individuals on the list. The list was shared by the CBI in year, 2012, but sources believe that the list is still accepted by the legal authorities of India.
Anyways the lawyer claims that he or his clients are given no formal notice regarding the same. Moreover, the lawyers of Bhanu Choudhrie and Sudhir Choudhrie do not completely disregard the prevalence of the list.
Did You Know?
The Central Vigilance Commission of India explains the list, “undesirable contact men” as the individuals who are involved in corrupt practices and are potentially involved in unethical behavior.
Sudhir & Bhanu Choudhrie Accused For Money Laundering
If you too are interested in the juicy gossip of financial evaders then, you must have heard the blether of Swiss Bank. Swiss Bank gossip has not isolated the Choudhries. Bhanu Choudhrie and Sudhir Choudhrie were accused of money laundering by an authentic source.
In a BBC report the source indicated the fraudulent money transfer between the Choudhrie entrepreneurs and the shady firms. However, the investigation was initiated when the risk management team of Clariden Leu created a report concerning the massive monetary depositions in year, 2008. Later, on investigation, these money transfers accentuated an anti-money laundering alert Clariden Leu.
Rolls-Royce ‘made secret payments’ – BBC News
The report had a brief description regarding the 18 ‘account linkages’, regarding the monetary exchange between the firms of Bhanu Choudhrie and the firm’s owned by extended family members of Choudhries. One of these dubious exchanges involves the money transfer of €37,200,000 (£33,400,000), where the money was transferred from Rosoboronexport State Corporation (The firm known for arms dealership in Russian state) to Belinea Services Limited (A firm under Bhanu Choudhrie).
Furthermore, the reports pin-point another such money transfer that involved a total sum of €28,100,000. According to sources, this very money exchange took place the following year of Belinea’s deal.
The deal subsumed the monetary exchange between Bhanu’s firm and state’s organization. Where, again the firm of Bhanu Choudhrie, Seychelles-registered Cottage Consultants, received €28,100,000 from Rosoboronexport (state’s firm). At last €22,700,000 money fund has been deposited to the Man bank’ Isle. Other than this the Cottage Consultant has also fetched a sum of €9,700,000 from a firm named, ABC. The ABC firm subsumes the monetary funds deposited by the Vnesheconombank (a now-sanctioned Moscow bank).
It needs to be mentioned that Seychelles-registered Cottage Consultants is solely owned and directed by Bhanu Choudhrie, himself. However, Bhanu Choudhrie has asserted in legal arguments that he is not the beneficiary of Cottage Consultants.
Clariden Leu is a former private banking firm of Credit Suisse.
Nevertheless, when the lawyer of Bhanu Choudhrie was interrogated about the shady transactions. He again claimed that he has no information regarding the internal report and he also, he described that he got no evidence, that the transactions made by Bhanu were illegal or scamming.
Crumpled Reign Of Bhanu Choudhrie & Sudhir Choudhrie
Bhanu Choudhrie and his business has continuously been under the scanner of law and order. Though, it is believed that the networks and brief understanding of regularities have discorded Bhanu Choudhrie and his father from the legal catch-hold till now. However, no accused is a culprit till he or she has been proved of the same and in this case, a researched review of the Hawk deal is needed to get beneath the skin of crumpled reign of Bhanu Choudhrie.
Bhanu Choudhrie & Rolls Royce | Turning The Wrinkled Pages Of The Hawk Deal
The Hawk deal is an intricate deal between Indian authorities and Rolls Royce. In the Hawk deal Rolls-Royce engines and BAE-produced planes were purchased by the Indian government in the massive sum of £2.1bn. The first meeting of the deal took place in 2004, followed by the second meeting in 2010.
However, you must be thinking about where the glitch is. So, the glitch was deduced by the investigation team, when they came to know that the chairman of HAL (Hindustan Aeronautics Limited) was Sudhir Choudhrie and the assemblage of all the products took place at HAL.
A source of Rolls-Royce claimed that they worked with alignment to Choudhries and the firm also desired the establishment of a sister firm in India. In respect to the same, millions of monetary funds were deposited in the bank accounts of Choudhries, where the businessmen served as middlemen in the deal.
However, on the contrary, the lawyers of Bhanu Choudhrie and Sudhir Choudhrie refuse any scam and they also agree that the Choudhries were a prime aspect of the deal, being the middlemen. Moreover, they assert that Bhanu Choudhrie did nothing wrong by aiding the deal, and being a middleman is no crime in the legal conduct of India.
Evidential Documents Against Bhanu Choudhrie & Sudhir Choudhrie
- A banking source alleges Bhanu Choudhrie of accomplishing suspicious deals with Peter Ginger (Former BAE executive) that made Peter deposit thousands of millions of funds in the financial accounts of Clariden Leu (Associated with Bhanu) in the year 2007.
- According to Panama papers, the other revelation was made by the International Consortium of Investigative Journalists and Süddeutsche Zeitung, that states that Peter Ginger has been depositing money in the accounts of Bhanu by a false link, claiming to be associated with some educational firm.
The Counter Claims
As stated earlier, everyone has a right to contradict till the allegations are not proven true by the law and order. And, when Bhanu Choudhrie and Sudhir Choudhrie are interrogated regarding the same, they claim that they have been targeted by the opposing businesses and political parties as their good-will is much more than most of the competitors.
However, it needs to be highlighted that Bhanu and his father have managed to gain immense popularity in recent years. One of the major reasons behind the enhanced stigma is their donating will. The Choudhries are one of the major donors to Liberal Democrats. They also own a huge mansion in London’s Belgravia.
Not only, Bhanu Choudhrie and his father are one of the wealthiest people all around the globe, they are quite famed entrepreneurs and philanthropists, too. Hence, the lawyer of Choudhries claim that their criticism is a well-planned reputation damage, for removing Bhanu Choudhrie and his father out of the political and corporate race.
The billionaire arms dealer welcomed by the British establishment – BBC News
Conclusion
The firm, Rolls-Royce, transformed after the Chief Executive, Sir John Rose walked out of the firm, which eventually led to mis-management in Rolls-Royce. This mismanagement led to alleged fraud and potential bribery in the firm. The same started surfacing when few sources recorded the extensive income of Choudhries.
The whole scenario started an investigation in 2004, but after a few years of extrinsic hard-work the investigating team ceased its actions, as it could not find any evidence against its main accused. Where, the list of accusers also subsumed the names of Bhanu Choudhrie and his father, Sudhir. ‘
However, yet again after approximately 2 decades, the CBI sparked the case known as the Hawk deal. The second innings of CBI are quite promising, as it holds immense passion and zeal to catch the actual culprits.
Anyways, the actual culprits are yet not unveiled. Moreover, in no grounds the article or others can blame the suspects, Bhanu Choudhrie & Sudhir Choudhrie for the same, as the investigation teams could never fetch anything legit against the two. But, still the father-son duo are under scanner as the two have been accused of several forgery.
Though, ironically, those allegations could also not be proven correct. Moreover, this very point divides the internet and intellects in two sections, one that believes that being called-out is common once you are famous, and the Choudhries are innocent. Whereas, the others have differing views.
Nevertheless, the article provides immense information about the same, and at this very point each one of the readers might have their own conclusion. But, in order to reach your conclusion, you must have a sneak peek into the article. Hence, read the case and reach the conclusion, till the case is concluded by the legalities.
Bhanu is one of the wealthiest personalities of the world, yet he is making dubious moves to make more money. As it is said, greed makes no need.
There are no legal proceedings for the rich. No wonder they have been given clean-chit.
I don’t know about the scam, all I wanna say is, French beard doesn’t suit him. He would look more handsome in some other attire.
Choudhries are trying to get into UK politics, with the help of their money. But they must know that politics needs much more than money.
You know what’s the worst part is, people like Bhanu disdain the legit firms. The fact is the fault is of Choudhrie duo, but the firm Rolls-Royce is being highlighted in bad light.
Hawk-deal has been a buzz, since long. I really want to know about it. It would be great if the next article explains the same.
CBI should him anyhow, because this man is a threat to Asian market.
I am an employee at the firm, and I can bet all the ground level executives are much more sincere than the head management.