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词条 Shahid Balwa
释义

  1. Early and personal life

  2. Career

  3. Forbes billionaire

  4. Arrest, bail and subsequent acquittal

  5. Charitable work

  6. References

{{Use Indian English|date=July 2014}}{{Infobox person
| name = Shahid Balwa
| image =
| caption =
| birth_date =
| birth_place = Gujarat, India
| death_date =
| death_place =
| residence = Mumbai
| nationality = Indian
| children =
| spouse =
| occupation = Promoter, DB Group[1] & Managing Director, DB Group
| alma_mater =
|website = {{URL|www.dbrealty.co.in}}
}}Shahid Usman Balwa (born 1974) is an entrepreneur based in Mumbai, Maharashtra, India.[2] He is one of the promoters of Mumbai-based DB Group. Arrested in 2011, he was granted bail for his alleged role in 2G spectrum case. On the 21 December 2017, a Supreme Court appointed Special CBI Court acquitted him of all charges relating to his role in this case.[3]

Early and personal life

Balwa comes from the Chilya Sunni Muslim community, and his forefathers were from Gujarat.[4]

Career

Balwa dropped out of college and entered the family's hotel business.[5] His father, Usman, started Balwa's restaurant at Marines Lines and Balwa's Hotel at Mumbai Central. He partnered with billionaire real estate developer Vinod Goenka to form DB Realty in 2006. In a few years, the construction company claimed to have {{convert|21000000|sqft|m2}} of saleable area in ongoing projects and another {{convert|40000000|sqft|m2}} in upcoming projects.

Forbes billionaire

In 2010, Balwa was the youngest Indian to feature on the Forbes List and is amongst the 10 youngest billionaires in the world.[6][7] He was ranked by Forbes as India's 50th richest man in 2010.[8][4][9]

Arrest, bail and subsequent acquittal

Balwa was arrested for his role in the 2G spectrum case by the CBI on 9 February 2011 on the allegation that DB group transferred {{INR}}2 billion to a media company owned by members of DMK party.[10] Former Telecom minister A. Raja allegedly helped Swan bag licences for 13 circles, including Mumbai and Delhi, for {{INR}}15.37 billion.[11][12] DB realty is one among the companies that purchased 2G licenses in 2008. DB Reality floated Swan Telecom.[13] The CBI also arrested two executives on 29 March 2011 including the brother of Balwa, Asif Balwa.[14][15] A Delhi high-court on 29 November 2011 accepted the bail plea of Shahid Balwa and other under-trials[16]. On the 21st of December, 2017, a Supreme Court appointed Special CBI Court acquitted him of all charges relating to his role in this case.[17]

Charitable work

His charitable activities are in the field of health and education. They include the Balwas High School and Charitable Medical Institution in Phirozpura, Gujarat.[18]

References

1. ^{{cite web |url=http://www.hindustantimes.com/CBI-arrests-DB-group-MD-Shahid-Balwa-in-2G-scam/Article1-660153.aspx |title=CBI arrests DB group MD Shahid Balwa in 2G scam |publisher=Hindustan Times |date= |accessdate=2011-02-09 |deadurl=yes |archiveurl=https://web.archive.org/web/20110211213910/http://www.hindustantimes.com/CBI-arrests-DB-group-MD-Shahid-Balwa-in-2G-scam/Article1-660153.aspx |archivedate=11 February 2011 |df=dmy-all }}
2. ^{{cite web|url=http://www.myjourneytobillionaireclub.com/2010/08/shahid-balwa.html |title=Shahid Balwa |publisher=My Journey To Billionaire Club |date=2010-08-24 |accessdate=2011-02-09}}
3. ^{{Cite web|url=http://www.rediff.com/news/report/kanimozhi-a-raja-others-acquitted-in-2g-scam/20171221.htm|title=Kanimozhi, A Raja, 15 others acquitted in 2G scam - Rediff.com India News|website=www.rediff.com|access-date=2018-01-01}}
4. ^1 {{cite news|author=Nauzer K Bharucha, TNN, 10 February 2011, 03.36am IST |url=http://articles.timesofindia.indiatimes.com/2011-02-10/india/28545495_1_shahid-balwa-kakade-infrastructure-bandra |title=Shahid Balwa: From college dropout to billion-dollar realtor - The Times of India |publisher=The Times of India |date= 10 February 2011|accessdate=2011-02-11}}
5. ^{{cite web|url=http://archive.tehelka.com/story_main48.asp?filename=Ne1902112G_scam.asp|title=Tehelka - India's Independent Weekly News Magazine|publisher=}}
6. ^{{cite news|url=http://findarticles.com/p/news-articles/dna-daily-news-analysis-mumbai/mi_8111/is_20100813/db-realty-allots-rs-1000/ai_n54816956/ |title=DB Realty allots Rs 1,000 cr for acquisition of projects | DNA : Daily News & Analysis; Mumbai | Find Articles at BNET |publisher=Findarticles.com |date=2010-08-13 |accessdate=2011-02-09 }} {{Dead link|date=February 2012|bot=RjwilmsiBot}}
7. ^{{cite web|url=http://www.rediff.com/business/slide-show/slide-show-1-the-ups-and-downs-in-the-db-realty-story/20110210.htm |title=The ups and downs in the DB Realty story - Rediff.com Business |publisher=Rediff.com |date=2010-12-31 |accessdate=2011-02-10}}
8. ^{{cite news|url=https://www.forbes.com/lists/2009/77/india-billionaires-09_Shahid-Balwa_XZ4I.html |title=#50 Shahid Balwa |publisher=Forbes.com |date= 18 November 2009|accessdate=2011-02-09}}
9. ^{{cite web |author=Thursday, 10 February 2011 at 0958 hrs IST |url=http://www.financialexpress.com/news/balwa-is-indias-youngest-billionaire/748332/ |title=Balwa is India's youngest billionaire |publisher=Financialexpress.com |date=2011-02-10 |accessdate=2011-02-24 |archive-url=https://web.archive.org/web/20110214144821/http://www.financialexpress.com/news/balwa-is-indias-youngest-billionaire/748332# |archive-date=14 February 2011 |dead-url=yes |df=dmy-all }}
10. ^{{cite web|url=https://www.bloomberg.com/bw/magazine/content/11_25/b4233013968530.htm|title=India's Powerful Can't Escape Jail|author=Mehul Srivastava|work=Businessweek.com}}
11. ^{{cite news|url=http://www.thehindu.com/news/national/article1169122.ece |title= 2G spectrum case : CBI arrests Shahid Balwa |publisher=hindu.com |date=2011-02-09 |accessdate=2011-11-03 |location=Chennai, India}}
12. ^{{cite web |url=http://www.hindustantimes.com/CBI-arrests-DB-group-MD-Shahid-Balwa-in-2G-scam/Article1-660153.aspx |title=CBI arrests DB group ex MD Shahid Balwa in 2G scam |publisher=hindustantimes.com |date=2011-02-09 |accessdate=2011-11-03 |deadurl=yes |archiveurl=https://web.archive.org/web/20111030055441/http://www.hindustantimes.com/CBI-arrests-DB-group-MD-Shahid-Balwa-in-2G-scam/Article1-660153.aspx |archivedate=30 October 2011 |df=dmy-all }}
13. ^{{cite web|url=http://www.ndtv.com/article/india/shahid-balwa-arrested-in-2g-scam-case-84235 |title= Shahid Balwa arrested in 2G scam - ndtv.com India |publisher=ndtv.com |date=2011-02-09 |accessdate=2011-11-03}}
14. ^{{cite web |url=http://www.expressindia.com/latest-news/2G-scam-CBI-arrests-Shahid-Balwas-brother-another-exec/768719/ |title=2G scam: CBI arrests Shahid Balwa's brother, another exec |publisher=expressindia.com |date=2011-03-29 |accessdate=2011-11-03 |deadurl=yes |archiveurl=https://web.archive.org/web/20120126124245/http://www.expressindia.com/latest-news/2G-scam-CBI-arrests-Shahid-Balwas-brother-another-exec/768719/ |archivedate=26 January 2012 |df=dmy-all }}
15. ^{{cite web|url=http://www.dnaindia.com/india/report_cbi-arrests-shahid-balwa-s-brother-in-2g-scam_1525846 |title= CBI arrests Shahid Balwa's brother in 2G scam |publisher=dnaindia.com |date=2011-03-29 |accessdate=2011-11-03}}
16. ^{{cite web |url= http://www.hindustantimes.com/India-news/NewDelhi/2G-case-Shahid-Balwa-granted-bail/Article1-775514.aspx |title= Shahid-Balwa-granted-bail - Hindustan Times |publisher= Hindustan Times.com |date= 2011-09-29 |deadurl= yes |archiveurl= https://web.archive.org/web/20111130225110/http://www.hindustantimes.com/India-news/NewDelhi/2G-case-Shahid-Balwa-granted-bail/Article1-775514.aspx |archivedate= 30 November 2011 |df= dmy-all }}
17. ^{{Cite web|url=http://www.thehindu.com/news/national/tamil-nadu/article22122355.ece/BINARY/2GCBIVsRaja|title=Full 2g Case verdict|last=|first=|date=|website=|access-date=}}
18. ^{{cite web|url=http://www.mid-day.com/news/2011/feb/140211-2G-scam-Shahid-Balwa-schooldays-DB-Realty-mumbai.htm|title=Who is Shahid Balwa?|publisher=}}
{{DB Group |state=expanded}}{{Use dmy dates|date=February 2011}}{{DEFAULTSORT:Balwa, Shahid}}

12 : Living people|1974 births|Indian Muslims|Indian billionaires|Indian philanthropists|Indian real estate businesspeople|Businesspeople from Mumbai|Indian prisoners and detainees|Gujarati people|Businesspeople from Gujarat|2G spectrum case|DB Group
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