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Rajendra Sethia: Acquitted After 34 Years in a Trumped Up Case
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Despite a roller-coaster life, Rajendra Singh Sethia remains the defiant Marwari.
New Delhi: In many ways, Rajendra Singh Sethia, the world's biggest bankrupt in the 1980s, long before the insolvency and bankruptcy code emerged in India or before the US saw its share of Chapter 11 bankruptcies, represents the archetype of a Greek tragic hero.
The Nigeria and Sudan experience meant that the wheel of fortune had taken a dive, a death spiral which plunged him to depths of despair. Overnight, the king had become a pauper. He lost his two-storeyed $225,000 'White House' in Hendon, north London, he lost his three Rolls Royce, two Mercedes and even a Boeing 707. He lost his businesses in Nigeria and Sudan. His Holland hotel in mid-Manhattan, his tea company in India Jokai, and he lost his family (as some members chose to desert him).
Yet karma, God and yoga kept him alive. Sethia is the sa Rajendra sethi biography of rory allen.