Yashwant Sinhas Families Rs.50,000 Crore Black Money 117 Cos.

Yashwant Sinhas mediocre Family operated over 117 Recently Formed companies 48 directly and 69 as Directors and Partners listed by LiveMint most of them related to Power and Renewable Energy. http://www.livemint.com/Object/3Vlx1LCYLsC47rYtquhafM/jayant.html

This is of Money Laundering & Tax Evasion Practice Loot & Scoot Companies.

His family members first came in to Prominence when Yashwant Sinha offered Resurgent India Bond Worth Matured Value of $5.5b in 1998.

They all four didnt report any Major Assignment before 1998. And were silently accumulating Loot of Finance Minister SK Dubey Reported 50%-50% Loot in NHAI Projects in 2002 which was Rs.28,000 crore Scam.

Sumant Sinha was Employee of SUZLON until 2011 but as Yashwant Sinha took over as Parliamentary Committee on Finance 117 Companies were registered in Yashwant Sinha Family Members Management and suddenly FUNDS Flowed in.

Sumant Sinha was COO of SUZLON during his tenure Share Price of Suzlon collapsed from Rs.2125 Jan11, 2008 that collapsed to Rs.47 when he left SUZLON and Yashwant Sinha family started 117 Companies. Current price of Suzlon is barely Rs.27, not even 1% of the price when Sumant Sinha joined as Suzlon Chief Finance Officer. https://www.google.com/finance?cid=700816

Since Sumant Sinha joined SUZLON in 2008, SUZLON had not given any dividend to shareholders. Such is the BRILLIANCE of Yashwant Sinha family.

In ET article Sumit Sinha contradicts Yashwant Sinha on Auction of Resources. But when these companies are not disclosing their Operations it clearly Points to Money Laundering operations. http://articles.economictimes.indiatimes.com/2014-01-22/news/46463022_1_capacity-addition-power-sector-competitive-bidding

Currently, ReNew Wind Power has several wind projects under development, including a 25 megawatts wind farm in Gujarat and 60 megawatts wind farm in Maharashtra. By 2015 the company aims to reach a 1 gigawatt capacity.

Just one company is worth over Rs.6,000 Cr. Since 2014 This Kind of Loot Began, Corporate Have Restructured Loans Worth Rs.14,00,000 Cr, Taken Rs.18,00,000 Cr New Loans, Rs.12,00,000 Cr Tax Dodges But Created No Jobs, Paid No Dividend, No Patents, Developed No Product For World Market.

No Skill is required in this Suzlon had installed the turbines, Mady had secured cheap land for the company which is largely owned by Yashwant Sinha family. @ Rs.500 Cr per Company This is Rs.50,000 Cr Black Money

http://www.livemint.com/Object/3Vlx1LCYLsC47rYtquhafM/jayant.htmlhttps://www.google.com/finance?cid=700816http://articles.economictimes.indiatimes.com/2014-01-22/news/46463022_1_capacity-addition-power-sector-competitive-biddinghttp://articles.economictimes.indiatimes.com/2014-01-22/news/46463022_1_capacity-addition-power-sector-competitive-bidding

Some other interesting links to ponder on:

Indian Wind Energy Alliance (IWEA) launched in New Delhi on 3rd December 2014. (Sumant

Sinha is Chairman of IWEA)

http://www.indianwindpower.com/IWEA_launched_new_delhi_3rd_dec_2014.html

ReNew Wind plans Rs. 6,000 crore investment in 2 years

Virendra Pandit

Ahmedabad/Mumbai, May 7:

Independent renewable energy producer ReNew Wind Power Pvt Ltd plans to invest around

Rs.6,000 crore on development of 1,000 MW of wind power in the next couple of years in the

country. It commissioned its first wind farm project of 25.2 megawatt (MW) at Jasdan in Rajkot

district of Gujarat on Sunday.

We are working on 15 projects aggregating 1,000 MW of wind power in States like Rajasthan,

Karnataka, Tamil Nadu and Maharashtra as well, Mr Sumant Sinha, Founder Chairman and

CEO, ReNew Wind Power, told Business Line on Monday.

Currently, the per megawatt cost of installation of wind power equipment is Rs. 6 crore while

per unit of electricity would cost, on an average, Rs. 4.50 to the customer, which is far cheaper

than solar energy at Rs. 8 to Rs. 9 an unit (kilowatt hour), he said.

Global major Goldman Sachs had infused Rs. 1,000 crore as equity in September last year into

the company, which invested Rs. 140 crore on the Jasdan project. The PTC India Financial

Services Ltd (PFC), promoted by PTC India LTD as an investment vehicle, financed the Jasdan

project in a 70:30 debt-equity ratio, he added.

The Chief Minister, Mr Narendra Modi, inaugurated the facility, which comprises 12 units of

Suzlon S88 wind turbines with 2.1 MW capacity each. It is selling its output under a under long-

term power purchasing agreement contract to Gujarat Urja Vikas Nigam Ltd (23.1 MW), and the

remaining output to Philips India (2.1 MW).

Mr Tulsi Tanti, Chairman, Suzlon Group, the world's fifth leading and India's largest wind

turbine manufacturer, said his company is partnering with ReNew Wind Power.

Apart from Suzlon, ReNew Power is working closely with key players such as Regen, Gamesa,

Vestas and Enercon India. The Jasdan wind farm is also expected to qualify as a Clean

Development Mechanism project under the Kyoto Protocol, which will add to the financial

viability of the project, Mr Sinha said.

ReNew is also exploring the opportunity of diversifying into alternative energy sources such as

biomass and hydroelectricity apart from solar and wind power in the coming years.

Currently, India generates 3,000 MW of wind power.