Lets find out who are Harbeen Arora & Vinay Rai?
Defaulters, Philanthropists or Criminals.. check for yourself.
Harbeen Arora’s site – http://www.harbeenarora.in/ & her facebook https://www.facebook.com/harbeen.arora
Dr. Harbeen Arora is a Global Leader, Speaker, Educationist, Philanthropist, Spiritualist,Author, Entrepreneur and Businesswoman.
Dr. Arora is the Global Chairperson of the ALL LADIES LEAGUE , a global chamber of women with 500+ chapters worldwide across 150 countries with over 50,000 members, and growing. ALL is the only chamber to have free membership for women and has an allinclusive ethos of creating helpful and heart-centered communities of women from ALL countries, cultures and cross-sections to empower one another. Dr. Arora is also Global Chairperson of Women Economic Forum that holds major conferences in India and other countries with the aim of economic progress for women.
Dr. Arora is the Chancellor of Rai University in Ahmedabad, Rai Technology University in Bangalore and Jharkhand Rai University in Ranchi in India. As an Author, Dr. Arora has written three books: on creative living, on values and on education.
Dr. Arora’s business interests are in real estate, angel funding, impact investing, social entrepreneurship and projects related to infrastructure, energy, environment and agriculture.
Dr. Arora holds a Bachelor’s degree in Economics from Delhi University, a Masters from King’s College, London University and the Royal Academy of Dramatic Art, and a PhD from Sorbonne Nouvelle, University of Paris III.
So who is she actually?
Turns out she actually has a Ph. D. in acting from Paris. And she runs something that used to be called the Assocham Ladies League, globally, out of Ahmedabad. Wow. Assocham finally disassociated from her and the ALL and set up the ASSOCHAM Women Foundation (AWF) in March 2009, with the vision of connecting across the global and nurturing the cause of Women while Ms Arora renamed her organisation as All Ladies League and continued to run it.
Why did Assocham keep away from her?
While at the Assocham Ladies League Ms. Arora, instituted an award for Best Private Upcoming University and constituted a Jury with herself on it. This award that year went to Mr Vinay Rai and his Rai University. And when you back check, Ms. Arora’s day job as Chancellor is that she works under a certain Vinay Rai. Who is, you guessed it, the founder of Rai University and her boss, and she runs his “Rai Foundation” today and Morever I uncovered she is also actually the wife of this Vinay Rai.
https://www.facebook.com/vinayrai49
Coming back to the Assocham thing – what’s even more silly about the award? There was never any such award category to start with (see http://www.assocham.org/eea2013/index.php…) so Ms Arora basically created an award for Rai uncle and slimed it through. Rai University proudly says on its website that it won some Assocham award for “Best Private Upcoming University”(http://www.raiuniversity.edu/best_private_university.html)
SO WHO IS VINAY RAI?
His Site http://www.vinayrai.in/
“A philosopher. A philanthropist. A visionary. An educationist. A businessman. These are a few adjectives often used with his name. He is Vinay Rai – the creator of a business empire, a mover and shaker in the business world, and once an active member of this community. He is a great exponent of creative capitalism who believes in generating wealth and giving back to society for creating a just and equitable order. Vinay Rai’s leading role in whatever field he chose – whether it was business or anything else – rests upon his sound academic background. Having completed his Bachelor’s of Science in Physics, with Honors, from the University of Delhi he joined MIT to earn a second Bachelor’s and Master’s degrees, both in engineering. At MIT he became an elected member of Eta Kappa Nu and Sigma Xi, two of the most prestigious honorary societies for engineers. While at MIT, he also took courses at the Harvard Business School. He returned from the U.S. to India as an engineer and scientist with new dreams and aspirations. He envisioned taking his family business to newer heights; and he had that vigor to bring his dreams to fruition. When he joined the business set up by his father, it was already a million-dollar enterprise. He followed his dreams. He expanded and diversified it into steel production, computers and IT, mobile telecommunications, and engineering. It grew leaps and bounds, and within a few years turned into a billion-dollar behemoth. All through this period, he was an active business leader, being elected by his peers as president of the Cellular Operators Association of India, the Indian Electrical & Electronics Manufacturers’ Association, and the Electronics Components Industries Association, as well as serving as Chairman or Executive Committee member of important national trade and commerce organizations – FICCI, CII & ASSOCHAM. All his successes in business throughout this period could not give him the happiness and joy he was looking for. Widespread poverty and the misery of the people kept him anxious and urged him to do something for the underprivileged especially women who have always remained marginalized whether it is education or health or development. He finds value-based education as a solution to poverty and plight of the people since a knowledge based society can make a significant difference to an individual’s life. With the encouragement of his wife, he has created a unique effort to improve the education of young women through a program called “Girl Genius and Gifted Girl,” wherein any number of orphan girls and 500 girls from the poorest families are accepted every year to receive totally free higher education, including housing and food, and an ample clothing allowance, continuing, for those qualified, to a PhD. “These are the potential stars of tomorrow,” he says, “and to see them flower is pure joy.” Vinay Rai has also immensely contributed to empowering rural women, promoting ancient arts and culture, promoting applied research for rural areas, supporting health-related issues, and encouraging the aspirations of young people. Vinay Rai has written two books. The first one “Rethinking India” was published in 2006 in India and second “Think India-The Rise of The World’s Next Super Power and What It Means for Every American” was published by Penguin Dutton in the United States in 2007 Co-authored with William L. Simon. Vinay Rai’s journey has taken from being a scientist and an engineer, to business leader, academician, philanthropist and philosopher, and finally, he says, “to an understanding of self”.”
LOL !!!! 🙂
But we discovered that this Vinay Rai has already been arrested once for selling fake degrees (http://www.easternpanorama.in/index.php…)
Turns out its not just about Rai University but Mr Rai has been upto a lot more. He has cases against him and his entire family by the Serious Fraud Investigation Office in 3 seperate Instances. Check the full list.
Click to access prosecution.pdf
RBI Defaulters List: Meet the Top 10
You thought Vijay Mallya owes banks money? Kingfisher is actually small fry compared to Usha Ispat, Lloyds Steel and others
https://www.newslaundry.com/2016/04/26/rbi-default-list-meet-top-10
However, the name on the list that is the cherry on the default cake, in every possible way, is Usha Ispat. Usha Ispat owes banks and lending institutions almost Rs 17,000 crore and has been defaulting at least since 2005.
The company is owned by Usha India Limited, which also features on RBI’s list and has defaults worth Rs 2,828 crores. The group is family-run and owned by brothers Vinay Rai and Anil Rai. In 2002, the Central Bureau of Investigation raided the premises of both the brothers for allegedly duping financial institutions of over Rs 100 crore. Newspaper articles from the time painted Vinay Rai as a Mallya-esuqe figure, with a personal net worth of Rs 5,338 crore.
Usha Ispat’s defaults as noted on the RBI list are as recent as March 31, 2013. Effectively, the company has been getting loans and defaulting on them for more than a decade despite CBI raids, FIRs and The Serious Fraud Investigation Office initiating proceedings against its promoters. Only Rs 5,093 crore of Usha Ispat’s total defaults are labelled as wilful according to the RBI’s list. Usha Ispat owes more than half of the total default sum to LIC at Rs 8,619 crore.
A Financial Express report, headlined “How the Rais roll in money but won’t pay back”, states that the CBI suspected the Usha Group of taking “money from banks and financial institutions by showing fake bills for purchase of machinery from its own front companies”. The article also mentions Rai’s political clout.
Interestingly, Usha Group also owned Malivika Steel, which defaulted on Rs 3,057 crore. Malvika Steel was acquired by SAIL in 2009 during the UPA-II regime. The steel plant is located in Jagdishpur, in Amethi district, and has defaulted on loans since 2007. All of its loans are owed to either General Insurance Corporation, Mumbai, or Life Insurance Corporation. According to a Hindu Business Line report, the Modi government pulled the plug on the plant’s revival in 2014 and it may be up for sale now — Rs 300 crore had been sunk into the project in the United Progressive Alliance (UPA) regime. We have to wonder how much of a part Rai’s political connections played in Usha Ispat staying under the radar for as long as it has, especially since the company seems to be about as substantial as Casper the Friendly Ghost.
Our emails to Usha Ispat’s director Amit Kumar bounced back. According to the RBI’s list, Usha Group’s office is in New Delhi’s Mohan Industrial Area. Our calls to the office yielded no result since these numbers are no longer in use. When we visited the office, we were told that the Usha Group no longer operated there. As of its most recent filing, in 2014-15, Usha Ispat has had zero revenues over the past two years. The company has no web presence. Its office is registered in what appears to be residential complex in Pune. Newslaundry has also posted a letter with questions pertaining to its huge default and is waiting for a response.
There are a lot of other links available on the web from mainline newspapers about this group and family.
Check some here
Usha Ispat tops defaulters list, Kingfisher in ninth place
Defunct airline Kingfisher is only ninth in the Reserve Bank of India’s list of the biggest defaulters, which is headed by Vinay Rai-promoted pig iron maker Usha Ispat.
http://www.financialexpress.com/archive/how-the-rais-roll-in-money-but-wont-pay-back-loans/67907/
How The Rais Roll In Money But Wont Pay Back Loans
Most Important some latest news Here
http://www.business-standard.com/article/pti-stories/rai-foundation-trustees-to-face-trial-for-cheating-students-117010500890_1.html
Rai Foundation trustees to face trial for cheating students
Press Trust of India | New Delhi January 5, 2017 Last Updated at 17:48 IST
Vinay Rai’s first wife Sadhana Rai runs the Country INN and Suites
http://www.hotelsmussoorie.com/country-inn-hotel-mussoorie.html
http://www.hotelsincorbett.net/country-inn-hotel-corbett.html
Vinay Rai’s son Amit runs Radcliffe Schools
http://radcliffe.in/web/coreteam.php
Vinay Rai’s son Varun Rai runs various companies
Brentwoods, Espire, Anu enterprises and Ana apart from Rai Foundation
http://corporatedir.com/officer/00131123
This is shameful and how they are running around the country flaunting their connections and wealth, while they have scammed billions out of all of us Indians.
WILL THE GOVERNMENT TAKE NOTE!
All The Truth will continue to bring to its readers various such instances of people who have defrauded millions and this country.
ALL THE TRUTH 