Atul Gupta

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Over the years, Claridges Hotels has seen several million rupees coming into it from a Mauritius-based firm, Universal Business Solutions. In 2007, Universal Business Solutions acquired shares, of face value Rs  10, at a premium of Rs 2,390. In January 2009, it acquired another lot of shares in Claridges Hotels at a premium of Rs 3,690. In a very similar pattern, Choudhrie has also brought significant amounts of money brought into India to start a very successful construction company, to fund a defence firm, to build luxury hotels and so on.
A Feast of Vultures: The Hidden Business of Democracy in India
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