Sunanda Pushar Guide to "Sweat Equity"

There is lot of media controversy over Shashi Tharoor now-a-days with entrenched stances in the media.

The first lot led by NDTV are an upset lot – their line of thought is “But he speaks such good English, married to a white woman” -- to add to the credibility has divorced twice – now is cultured and sophisticated enough to have “girl friends” (perhaps solely to uplift them from their messy divorces). You get the idea, he is the poster boy of NDTV brigade – the politicians they dream of to rule India.

The second lot is a brigade that bristles as to how he has gatecrashed into the IPL club (Lalit Modi, Sharad Pawar & Co, which is also known as BCCI) they are determined to get at Shashi Tharoor so that the IPL can be kept within their privileged club. I for one, simple do not believe that Lalit Modi would have chosen to go against Shashi Tharoor unless he had the backing of the higher-ups of BCCI.

If you look at the chronology of events, company registrar's log books (documents shown on TV) one thing is painfully obvious that Shashi Tharoor is guilty of playing the game on someone else's behalf.

20th Aug 2009, Rendezvous company is formed with two directors both Gaeckwads, Sunanda Pushkar is no where in the picture.

8th Mar 2010, Rendezvous changes its name to appear an international entity with an additional director another Gaeckwad – again no Sunanda Puskhar.

Now suddenly just 15 days before the bidding a director is added to the company books guess Who, Sunanda Pushkar of course... It is no coincidence that Mr. Shashi Tharoor becomes Hyper Active in steering a franchise towards Kochi... Rest is history.

Now, against all company law norms why would you include a director in the company books, who is not in the list with the Registrar of Companies, Pune. That too when the law specifically bars any “Sweat Equity” within the first year that too under 15% only. Ms. Sunanda Pushkar has gotten within 30 days of the company being formed that too 25%. If you thought this is it, there is more. She will get 100% of her share of the profits, but only 1% of her due losses. The rest of the equity holders willingly agreed to “bear” the losses. All this for someone who is nothing more than a glorified receptionist in the Gulf. Her claims of having been an expert consultant on bidding etc. were immediately trashed by none other than Shah Rukh Khan himself !!!

I am sure that the Equity was “Sweat Equity” but Shashi Tharoor seems to have done all the sweating both in the boardroom of Kochi Franchise and in the Bedroom of Sunandar Pushar. She of course has gotten all the equity...

It is a shame, that such facts which are readily obvious to a lay man like me, are proving very difficult to the government and most importantly, to the “Intellectual, Economist and Honest” PM – Manmohan Singh !!!!