Unheard of Nattandiya Villager Buys Dubai Marriot for US$ 225 Million; "Suba Anagathayak"

Saturday, 09 August 2014 

Chairman
photo aIt was earlier reported that President Mahinda Rajapkse has invested in Dubai in a big way through his Proxy Nandana Jayadewa Lokuwithana an unheard of bankrupt villager from Nattandiya. Sajin Vas Gunawargena the personal treasurer of Mahinda introduced Nandana few years ago and Sajin made the legal documents to appoint Nandana as Mahinda’s proxy.

Ever since, Nandana was a big man in business and now through this man Mahinda Rajapakse owns the Nilona Tower in Dubai where the new Marriott will come to. The other part will be luxury serviced apartments. “Onyx Industries FZC” based on Sharjah is building Marriot Hotel in Dubai. Onyx, founded in 1998, is owned by little known Sri Lankan businessman named Nandana Jayadeva Lokuwithana. Onyx employs about 60 people at its Sharjah facility and mainly imports and trades steel products from China for construction industry.

Recently, a little known company, Narayan Titanium Industries Ltd. had submitted a project proposal to Board of Investment in Sri Lanka to set-up a Mineral Processing Plant at Trincomalee to transform ilmenite sands into value added Titanium Oxide Pigment with an investment of US$ 300 million. This little known company Narayan Titanium Industries Ltd. is reportedly a front company floated by Nandana Jayadeva Lokuwithana with the help of a Sri Lankan businessman Periyasamy.Sunderlingam, who is very close to President Mahinda Rajapaksa and his son Namal Rajapaksa, to sell Sri Lankan sands rich in ilmenite to fulfill their greed for money,

Periyasamy Sunderlingam is accused with one count each of racketeering conspiracy and money laundering, and two counts of interstate travel in aid of racketeering. He is also charged with one count of conspiracy to violate the US Foreign Corrupt Practices Act. This is in connection with another fraud titanium deal in Andhra Pradesh, India, which was expected to generate more than $500 million annually from the sale of titanium products. Federal Bureau of Investigation of the United States has charged six persons including MP KVP Ramachandra Rao and a Ukrainian businessman with participation in an alleged international racketeering to allow mining of titanium minerals. The use of titanium. and its alloys has increased in the aerospace industry due to their durability and light weight. For instance, Boeing’s Dreamliner 787 series of jets are made of 15 percent titanium or 100,000 pounds of titanium per plane,

The Andhra Pradesh government and Bothli Trade AG of Switzerland entered into a memorandum of understanding (MoU) on April 18, 2006 to produce value-added products based on heavy minerals as the State abounds in heavy minerals and deposits in Visakapatnam, Vizianagaram, and Srikakuiam districts, The MoU was signed by B Kripanandam, Secretary, Industries, Commerce and Mines on behalf of the AP government, and P Sunderalingam, authorized by Bothli chairman Hans Peter Moser on behalf of the company. According to the IVlot„t, Bothli includes Stork Handelsges mbH of Vienna, Austria, The MoU expands on the expertise of the Stork group in marketing mineral sand, titanium sponge, titanium milled products, ferroalloys, power generation equipment, mining and metallurgical equipment, fertilizers and other products.

To strengthen its credentials for the deal, the Stork group, before signing the MoUinvited a government team to visit Russia to have a first-hand experience of its strength in technology for producing titanium sponge and titanium metal. In response to this invitation, a government delegation visited Russia from June 13 to 22 in 2005. Subsequently, the group proposed the setting up of an industrial complex for mining and beneficiation of heavy mineral sands and Ilmenite-based value-added products in the State by making use of the mineral reserves in the State covering an extent of 737 hectares. Based on the MoU, an agreement was signed by the Andhra Pradesh Mineral Development Corporation and the Bothli on August 24, 2006.

The mining projecfsprojected sales included sales to an unnamed Company A headquartered in Chicago. Hours after the indictment, Chicago-based Boeing Co admitted that it had signed an MoU with Bothli Trade in 2006 to conduct a feasibility study on the potential for sourcing titanium sponge at a time of short supply of the mineral.

According to the indictment, Drnitry Firtash, a Ukrainian businessman controls Group IN, an international conglomerate of companies, Group DF companies include Ostchem Holding AG, an Austrian company in the business of mining and processing minerals including titanium; Global Energy Mining and Minerals Ltd, a Hungarian company, and Bothli Trade AG a Swiss company. rirtash was the person who led the operations of the titanium deal, and allegedly caused participation of certain Group DF companies in the project, met Indian officials to discuss the project and its progress, authorized payment of at least $ 18,5 million in bribes to government officials, directed his juniors to create documents to make it seem that money transferred for the payment of bribes was for legitimate commercial purposes, a id appointed people to supervise and obtain licenses through bribery.