Chargesheet against Reputed Builder Chandru Raheja

Economic Offences Wing (EOW) of Mumbai police files chargesheet against Reputed Builder Chandru Raheja

The Economic Offences Wing (EOW) of Mumbai police has filed a chargesheet (vide FIR No. MRA Police Thane 33/08 dated 01/02/2008) – refer report link here -

http://www.india-press-release.com/featured/files/Section%20173%20Cr-P-C%20Rahejas.pdf

 Against noted builder Chandru Raheja and his two sons for allegedly cheating industrialist Nusli Wadia for crores of rupees in a property deal.

According to the Report, Joint police commissioner Himanshu Roy confirmed that the chargesheet has been filed.

Senior Police Inspector Dinesh Patil said Mr Wadia filed the complaint on 01/02/2008  claiming that Raheja caused him huge losses.

Accoring to the Final Report No. 01 dated 21/10/2013, in 1995, refer link - http://www.india-press-release.com/featured/files/Section%20173%20Cr-P-C%20Rahejas.pdf

Mr. Wadia, as the administrator of the estate of the late E.F. Dinshaw, entered into an agreement with Rahejas for development of the lands in Malad to construct an eight-floor commercial building called Ivory Towers.

Accordingly, Raheja was given 1,70,656 square feet of land for development. The accused were supposed to construct property called Ivory Towers and sell to “third parties”. Raheja was also to transfer 12% of the sale proceeds to Wadia, PI Joshi said.

In the event of not developing the property, the agreement also stipulated that Raheja was supposed to have paid Rs 3.75 crores to as minimum guarantee amount.

However, Ivory Towers was not built.

Accoring to the report, instead the Rahejas transferred about Rs. 3.89 crore in Mr. Wadia’s bank account, claiming to be the 12% share of Ivory Tower which was never built.

Report also stated, also confirmed by Police Inspector Joshi, that Rahejas have cooked up nine documents called “Release Deeds” to represent that the Wadia relinquished his rights over the land.

Further, instead of constructing Ivory Towers, Rahejas built a mall called ‘Hypercity’ in 2006. Then Rahejas transferred the mall to their own company, Hypercity Retail India Pvt. Ltd., keeping the administrator in the dark. (as stated in the report).

Inspector Joshi explained that the Rahejas indulged in illegal breach of trust and caused loss to Wadia to the tune of several crores of rupees.

Hence, the chargesheet has been filed against Chandru Raheja and his sons Neel and Ravi.

CustomerLab along with CII present Legendary Masterclasses of John Kotter and Daniel Pink in Mumbai

-          To register for the full day session of  Leading Change, please visit http://imgyan.com/dl/index_ns.html

-          To register for the full day session of DRIVE, please visit http://imgyan.com/ns/drive_motivation/

Bangalore, October 26, 2013- CustomerLab,a leading consulting company in association with some of the leading minds of the world, along with CII, today announced organizing two unique master classes of the world recognized industry stalwart John Kotter and Daniel Pink at The Leela, Mumbai  on November 20 and 22 respectively.

Speaking on the occasion, Dr. M Muneer, CEO  of CustomerLab and author of Capitalising on Customers said, “India today is at the cusp of building  on a global framework. It’s imperative for the Indian business Leaders to recognize and revisit their value proposition and value chain in view of the constantly changing competitive advantages and volatility in the market. The era of blindly imitating the West and hoping for growth within domestic market is over. The time is now for leading the change and driving breakthrough results. It is in this respect that we are bringing these two masterclasses to help Indian leaders become change masters.”

John Kotter (professor emeritus at Havard Business School) identifies eight steps for leading change successfully. He believes in continuous learning thereby emphasising numerous examples of the business managers and their corresponding implications in the age bracket of thirties, forties, fifties. Kotter recognizes immense potential amongst the average managers, who add on accumulating knowledge over the years. Leaders are not always born but trained.

Daniel Pink is a motivational coach, author of various bestsellers books. Pink’s master class will emphasise on the changing environment at the workplace, a whole new mind and the power of highly motivated resource in an organisation.Bringing in change in the culture helps build on organizational capabilities and competencies in the individual who forms the basis of family and organisations.

Masterclasses are branded training programmes, which position and broadcast the learning from the legendary personalities. Masterclasses are unique interactive sessions that are instrumental in helping bridge a strong bonding between the participant and the leadership. For the first time such master classes are being brought to Asia by CII and CustomerLab.

About CustomerLab Solutions:- www.customerlab.biz

CustomerLab is a boutique consulting company in partnership with a number of leading management gurus from around the world. It is a sister company of INNOVATIVE MEDIA, the leaders in seminars, workshops and knowledge management.

CUSTOMERLAB provides several patented tools of leading management and marketing gurus on a platter, direct from them. No other company in the world has such an offering! We have presence across the region in Asia Pacific and Middle East.

For More Information, please contact-

Nishikant –9960672518

nishi@customerlab.biz

Citec India Hosts Energy Ambassador 'Pentti Itkonen' To Promote Green Technologies in India

EnergyVaasa, the largest energy cluster in the Nordic countries, chose the 25 year old, engineering student Pentti Itkonen as the Energy Ambassador.

In a press conference held on 18^th October at Citec’s premises at Navi Mumbai, Pentti Itkonen spoke about his interesting global journey from Kittilä in Northern Finland to Norway, USA, Ecuador, Brazil, Spain, Thailand and India. Pentii is spending a week at each of the chosen countries thereby meeting and influencing the key stakeholders of renewable and green technologies.

India was selected of all the locations Citec had on offer for the Energy Ambassador’s visit. This was a natural choice, as Citec started up operations in India almost 10 years ago and currently employs almost 400 in India, with offices in Mumbai, Bangalore and Chennai. This makes India the second largest Citec company in terms of amount of employees.

In this journey, Pentii Itkonen could experience a project where experts from many countries work together to come up with the best solutions to the customer’s needs. Thus, Itkonen became specifically more acquainted with one of Waste-to-Energy power plant projects designed by Citec. In this project, the customer is from Switzerland and the plant is built in the UK.

Pentti Itkonen comments: “It’s amazing to be in Incredible India, I have to admit that this has probably been the destination I’ve been looking forward to the most. The people at Mumbai office have welcomed me with fascinating Hindu ceremonies and I was honoured to start off my week like that. It was interesting to discover how Citec is working globally and specially the Indian operations. We also discussed over a certain waste-to-energy project.”

One of the highlights of Itkonen’s visit was on October 16th, when Mr. Alexander Stubb, Finland’s Minister for European Affairs and Foreign Trade met with Citec’s senior management – Mr. Martin Strand, CEO, Mr, Nasir Mulani, Managing Director India, Mr Arun Tyagarajan, Director Citec India and the Energy Ambassador in Mumbai. 

The same day, a business delegation organised by Finpro visited Citec at Mumbai, which included top level company representatives from Indo-Finnish companies. Citec presented the company’s competence, its global offering as well as its top-class industry references.

“In an agro-based country like India, Bio-power has a growing demand. Nevertheless, solar and wind power are also areas where the future is heading towards. Citec is also working on such projects.  Aiming for a cleaner environment, we are proud to support the Energy Ambassador campaign”, says Mr. Nasir Mulani.

About Citec-

Citec was founded by two students in 1984, and has since grown into employing approximately 1100 experts globally today.  Citec currently leads the Finnish export statistics for technology consulting firms (SKOL, The Finnish Association of Consulting Firms, 2012).  Citec provides multi-discipline engineering and information management services to the Energy and Power industry, and other technology-dependent industries. The number of employees of the Citec companies currently amounts to approximately 1100 and the turnover for 2012 was about 66 million euros. Citec is headquartered in Vaasa, Finland, and has offices in Finland, India, Sweden, Norway, the UK, France, Germany, Russia and Singapore.