Vipin Khanna
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| Vipin Khanna | |
|---|---|
| Born | December 14, 1930 |
| November 7, 2019 (aged 88)November 7, 2019 (aged 88) | |
| 💼 Occupation | Army officer and businessman |
| 👩 Spouse(s) | Nagender Kumari Khanna |
| 👶 Children | Vineeta, Naveen, Arvind and Aditya |
Vipin Khanna (December 14th 1930 - November 7th 2019) was an Indian businessman and a retired officer of the Indian Army. After retirement he became a non-resident businessman who had interests in the arms trade, aerospace and defence, commodity trading and restaurants and hospitality industries.[1][2][3]
Early Life[edit]
Khanna was born in Lahore, Punjab Province, British India. During the partition of India, Khanna and his family migrated to Delhi, India. As a young adult, Khanna joined the Indian Army, where he eventually rose to the rank of Major, before retiring and starting his business carrier.
Business Career[edit]
During the course of his business career, Khanna formed numerous companies, such as Dynamic Sales Services International Ltd, TSL Defence Technologies Ltd, FinNoble Advisors Ltd, Clan Morgan Holdings Ltd, Tamarind Restaurants (UK), Hamadan Exports, Indrus Trading Ltd and Pipal Software.[1][2][4]
From 1996 to 2005, Khanna served as the Honorary Consul of Luxembourg in New Delhi.[5]
Controversies[edit]
Oil-for-Food Scam[edit]
On 27 October 2005, The Independent Inquiry Committee headed by Paul Volcker released the report on its investigation of corruption in the Oil-for-Food program. "It stated inter alia that India's Congress party and Natwar Singh's family were non-contractual (corrupt) beneficiaries of the Oil for Food program".[6] The report also stated that Natwar Singh, his son Jagat Singh and Aditya Khanna, Vipin Khanna's youngest son, were associated with a company called Hamdan Exports, which acted as an intermediary for illegal sales of oil to a Swiss firm named Masefield AG.[7][8] Allegedly, in return for these illegal sales, Masefield paid kickbacks (termed "surcharges"), partly to Saddam Hussein's regime and partly to Natwar Singh and others.[9][10] "It was alleged that such kickbacks were Hussein's way of securing support from politicians around the world and that this benefit influenced Natwar Singh to lobby against US policies in Iraq (in particular, US sanctions on Saddam Hussein)".[11] Aditya Khanna, who was also a relative of Natwar Singh, allegedly received financial payoffs from Masefield, by reportedly procuring oil contracts based on recommendations given by Natwar Singh.[12][13] Importantly, the committee found that there was no evidence linking the Congress party with these dealings.[14] Due to this report, Jagat Singh was expelled from the primary membership of the Congress party, Natwar Singh was dismissed from the Cabinet and his party membership was suspended.[15][16][17]
Arms Deals[edit]
Khanna and his family are thought to be one of the biggest and most powerful arms dealers India.[18][19] Vipin along with Sudhir Choudhrie and Suresh Nanda are rumored to be the 3 largest defence lobbyists.[20][21][22][23]
Khanna has been linked to various arms deals in India. However, investigative agencies have not been able to prove any of the allegations that have been levelled against him. In 2001 Israel Aerospace Industries and the Indian Navy signed a contract for the sale of Barak Missiles, this deal included the sale of 7 Barak Anti Missile Defense Systems and 200 missiles. The CBI filed a charge sheet on Khanna for allegedly receiving huge kickbacks for securing the contract for Israel.[24] The CBI had confiscated his passport as they claimed that "Khanna is a very influential, highly connected with political family and powerful person not only in India but also abroad." The case was eventually closed due to lack of evidence.[25][26][27]
Another arms deal that Khanna was accused for was for the sale of 1,200 anti-material rifles made by South African arms firm Denel to India.[28] The initial findings by the Central Bureau of Investigation and the Enforcement Directorate were that Khanna used an offshore company by the name of Varas Associates to receive commissions of a tune of 12.75 percent to secure the contract.[29] By the time the investigation was complete both the CBI and ED had to drop the case due to lack of lack of evidence.[30][31]
In 2016 the CBI launched a probe into the purchase of 3 Airborne Early Warning and Control (AEW&C) aircrafts from Brazilian manufacturer Embraer.[32][33] Khanna was accused of swinging the deal in favor of the company by influencing the Indian Airforce and the Defence Research Development Organization.[34] In the FIR in was mentioned that Khanna used an offshore company by the name of Interdev Pte Ltd to channel payments from Embraer into India.[35]
Securency[edit]
In 2007, the Reserve Bank of Australia subsidiary 'Securency' was involved in bribing overseas officials so that Australia may win lucrative polymer note-printing contracts.[36] It was reported that previous Austrade regional director for south-east Asia, David Twine, met Indian arms dealer Vipin Khanna to discuss work for Securency and to help them secure government related contract.[37][38][39]
Personal Life[edit]
Khanna married Nagender Kumari, daughter of Maharaja Bhupinder Singh of Patiala, and the aunt of former Chief Minister of Punjab, Captain Amarinder Singh. Vipin and Nagender had four children, Vinita, Naveen, Arvind and Aditya. Arvind joined Punjab politics as Amarinder Singh's close confident and blue eyed boy.[40] Arvind was also the Secretary General of the Punjab Pradesh Congress Committee and a two time elected MLA in the Punjab assembly. Arvind eventually took control of his father's business interests after resigning from politics in 2015.[41][40][42][43]
References[edit]
[44] [45] [46] [47] [48] [49] [50] [51] [52] [53] [54] [55] [56] [57] [58] [59] [60] [61] [62] [63] [64] [65] [66] [67] [68]
- ↑ 1.0 1.1 Buyers, Christopher June 2001 (June 1, 2001). "Patiala". Unknown parameter
|url-status=ignored (help) - ↑ 2.0 2.1 "Sonia Volcker-gate: decimation of the Congress Party and putting nation's foreign policy on sale". IntelliBreifs. December 3, 2005. Unknown parameter
|url-status=ignored (help) - ↑ "Embraer deal: UK-based NRI, Vipin Khanna, among accused in CBI FIR". India.com. October 21, 2016. Unknown parameter
|url-status=ignored (help) - ↑ Aug 15, Dhananjay Mahapatra / TNN /; 2007; Ist, 02:11. "Barak deal kickback £7.3m | India News - Times of India". The Times of India. Retrieved 2021-12-14.
- ↑ "patiala5". www.royalark.net. Retrieved 2021-12-14.
- ↑ Staff, The Dispatch (2020-05-16). "K Natwar Singh and his life of revelations - about him, by him". The Dispatch. Retrieved 2021-12-15.
- ↑ "I know I will be cleared - Natwar". gulfnews.com. Retrieved 2021-12-15.
- ↑ Apr 8, PTI /; 2006; Ist, 12:14. "Oil-for food scam: Khanna returns to UK | India News - Times of India". The Times of India. Retrieved 2021-12-18.
- ↑ "I know I will be cleared - Natwar". gulfnews.com. Retrieved 2021-12-15.
- ↑ Apr 8, PTI /; 2006; Ist, 12:14. "Oil-for food scam: Khanna returns to UK | India News - Times of India". The Times of India. Retrieved 2021-12-18.
- ↑ "10 things you need to know about K Natwar Singh-Politics News , Firstpost". Firstpost. 2014-07-31. Retrieved 2021-12-15.
- ↑ "Aditya Khanna bows to ED pressure". DNA India. Retrieved 2021-12-15.
- ↑ "Oil-for-food scam: Probe indicts Natwar, son Jagat". Hindustan Times. 2006-08-06. Retrieved 2021-12-15.
- ↑ Gentleman, Amelia (2006-08-05). "India Finds Ex-Official Guilty in Oil Scandal". The New York Times. ISSN 0362-4331. Retrieved 2021-12-15.
- ↑ Staff, The Dispatch (2020-05-16). "K Natwar Singh and his life of revelations - about him, by him". The Dispatch. Retrieved 2021-12-15.
- ↑ "Arms dealer in fresh trouble over foreign funds". Times of India. December 9, 2006. Unknown parameter
|url-status=ignored (help) - ↑ Sarin, Ritu (July 2, 2008). "First penalty in Volcker probe: ED slaps Rs 15 crore on arms agents Khannas". Indian Express. Unknown parameter
|url-status=ignored (help) - ↑ "Arms and the Men - Indian Express". archive.indianexpress.com. Retrieved 2021-12-14.
- ↑ April 13, india today digital; April 13, 2012UPDATED:; Ist, 2012 23:18. "AT ARM". India Today. Retrieved 2021-12-14.
- ↑ Inbar, Efraim (January 2012). "Indo-Israeli Defense Cooperation in the Twenty-First Century". Indo-Israeli_Defense_Cooperation_in_the_Twenty-First_Century.
- ↑ Mihir, Srivastava (April 5, 2012). "The Men Who Do Not Exist". Open Magazine. Unknown parameter
|url-status=ignored (help) - ↑ "Arms and the Men". Indian Express. October 28, 2006. Unknown parameter
|url-status=ignored (help) - ↑ "These businessmen have been linked to India's booming weapons bazaar". India Today. April 13, 2012. Unknown parameter
|url-status=ignored (help) - ↑ Aug 15, Dhananjay Mahapatra / TNN /; 2007; Ist, 02:11. "Barak deal kickback £7.3m | India News - Times of India". The Times of India. Retrieved 2021-12-14.
- ↑ "MLA's firm received remittances from Israeli firms: CBI". Outlook India. October 12, 2006. Unknown parameter
|url-status=ignored (help) - ↑ Mahapatra, Dhananjay (August 15, 2007). "Barak Deal Kickback £7.3m". Times of India. Unknown parameter
|url-status=ignored (help) - ↑ "FIR against Fernandes, Jaya Jaitley, ex-Navy in Barak missile case". Early Times. October 10, 2006. Unknown parameter
|url-status=ignored (help) - ↑ "CBI approaches Supreme Court on Vipin Khanna's passport issue". Outlook India. Retrieved 2021-12-14. Unknown parameter
|url-status=ignored (help) - ↑ "MLA's firm received remittances from Israeli firms: CBI". Outlook India. Retrieved 2021-12-14. Unknown parameter
|url-status=ignored (help) - ↑ Kaul, Sumir (February 11, 2007). "CBI approaches Supreme Court on Vipin Khanna's passport issue". The Outlook. Unknown parameter
|url-status=ignored (help) - ↑ Dec 9, TNN /; 2006; Ist, 02:36. "Arms dealer in fresh trouble over foreign funds | India News - Times of India". The Times of India. Retrieved 2021-12-14.
- ↑ "CBI names defence agent Vipin Khanna as key beneficiary in Embraer payoffs FIR". The Indian Express. 2016-10-21. Retrieved 2021-12-14.
- ↑ S, Ravidasan N.; Singh, Vijay Kumar (2020). "Civil Enforcement Action against Corporate Corruption: A Legislative Lacunae in India". SSRN Electronic Journal. doi:10.2139/ssrn.3941277. ISSN 1556-5068.
- ↑ Mar 2, Neeraj Chauhan / TNN /; 2017; Ist, 02:23. "CBI questions Embraer deal 'middleman' Vipin Khanna over bribe | India News - Times of India". The Times of India. Retrieved 2021-12-14.
- ↑ "Embraer deal: CBI quizzes Vipin Khanna over 'kickbacks'". Financial Express. March 2, 2017. Unknown parameter
|url-status=ignored (help) - ↑ McKenzie, Richard Baker and Nick (2010-08-15). "RBA agent's oil for food link". The Sydney Morning Herald. Retrieved 2021-12-14.
- ↑ Baker, Richard (August 12, 2010). "Money in the bag - Indian trade links under scrutiny". The Sydney Morning Herald. Unknown parameter
|url-status=ignored (help) - ↑ Voninski, Tamara (November 30, 2011). "Austrade director met arms dealer". The Standard. Unknown parameter
|url-status=ignored (help) - ↑ Baker, Richard (August 16, 2010). "RBA agent's oil for food link". The Sydney Morning Herald. Unknown parameter
|url-status=ignored (help) - ↑ 40.0 40.1 Rambani, Vishal (April 26, 2014). "Capt Amarinder blue-eyed boy Arvind Khanna shuns Sonia's rally". Hindustan Times. Unknown parameter
|url-status=ignored (help) - ↑ "Arvind Khanna eventually quits Congress, Punjab assembly". Hindustan Times. 2015-01-18. Retrieved 2021-12-14.
- ↑ "Amarinder to keep his coterie 'in check' this time". Tribune India. June 16, 2011. Unknown parameter
|url-status=ignored (help) - ↑ "Punjab Congress MLA Arvind Khanna Resigns". New Indian Express. May 14, 2014. Unknown parameter
|url-status=ignored (help) - ↑ "The Men Who Do Not Exist". April 5, 2012.
- ↑ "Arms and the Men - Indian Express". archive.indianexpress.com.
- ↑ "CBI names defence agent Vipin Khanna as key beneficiary in Embraer payoffs FIR". October 21, 2016.
- ↑ "CBI questions Embraer deal 'middleman' Vipin Khanna over bribe | India News - Times of India". The Times of India.
- ↑ April 13, india today digital; April 13, 2012UPDATED:; Ist, 2012 23:18. "AT ARM". India Today.
- ↑ https://www.researchgate.net/publication/266439359_Indo-Israeli_Defense_Cooperation_in_the_Twenty-First_Century
- ↑ "CBI approaches Supreme Court on Vipin Khanna's passport issue". Outlook India. Unknown parameter
|url-status=ignored (help) - ↑ "MLA's firm received remittances from Israeli firms: CBI". Outlook India. Unknown parameter
|url-status=ignored (help) - ↑ "Barak deal kickback £7.3m | India News - Times of India". The Times of India.
- ↑ "Embraer deal: CBI quizzes Vipin Khanna over 'kickbacks'".
- ↑ "Arms dealer in fresh trouble over foreign funds | India News - Times of India". The Times of India.
- ↑ "FIR against Fernandes, Jaya Jaitley, ex-Navy Chief in Barak Missile case - Early Times Newspaper Jammu Kashmir". www.earlytimes.in.
- ↑ "INDIA BUSINESS WORLD - CBI CASE AGAINST NATWAR KIN IN OIL SCANDAL". www.helplinelaw.com.
- ↑ "First penalty in Volcker probe: ED slaps Rs 15 crore on arms agents Khannas - Indian Express". archive.indianexpress.com.
- ↑ "Aditya Khanna bows to ED pressure". DNA India.
- ↑ "Volcker case: MLA's father questioned". Hindustan Times. April 10, 2006.
- ↑ McKenzie, Richard Baker and Nick (August 15, 2010). "Money in the bag - Indian trade links under scrutiny". The Sydney Morning Herald.
- ↑ Voninski, Tamara (November 30, 2011). "Austrade director met arms dealer". The Standard.
- ↑ McKenzie, Richard Baker and Nick (August 15, 2010). "RBA agent's oil for food link". The Sydney Morning Herald.
- ↑ "Capt Amarinder blue-eyed boy Arvind Khanna shuns Sonia's rally". Hindustan Times. April 26, 2014.
- ↑ "The Tribune, Chandigarh, India - Main News". www.tribuneindia.com.
- ↑ "Punjab Congress MLA Arvind Khanna Resigns". The New Indian Express.
- ↑ "patiala5". www.royalark.net.
- ↑ "Sonia Volcker-gate: decimation of the Congress Party and putting nation's foreign policy on sale". intellibriefs.blogspot.com.
- ↑ Service, Indo-Asian News. "Embraer deal: UK-based NRI, Vipin Khanna, among accused in CBI FIR | India.com". www.india.com.
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