This NRI business tycoon in Dubai buys number plate for Rs 60 crore!

October 9, 2016

Dubai, Oct 9: Balwinder Sahani, an Indian business tycoon in Dubai bought the most coveted number plate D5 for Dh33 million (around Rs 60 crore) at the Roads and Transport Authority's number plate auction on Saturday.

Balwinder-SahaniSahani, also known as Abu Sabah, is the owner of RSG International, a property management company, with interests in the UAE, Kuwait, India and the United States.

"I like collecting unique number plates and I am proud to have got this number. I like number nine and D5 adds up to nine, so I went for it," said Sahani.

He said that last year he bought the number O9 for Dh25m.

"I have collected 10 number plates so far and I am looking forward to having more. It's a passion. This number will go to one of my Rolls Royces," he added.

The number generated great interest among the participants with the bid starting at Dh20 million.

The spectators seemed to have enjoyed every bit of the tense battle, cheering every move of the bidders.

More than 300 bidders participated at the live auction which takes place every two months, witnessing fierce battle between bidders for some numbers.

80 unique numbers were on offer on Saturday ranging from one two five digits.

"This is easily the biggest auction we have seen so far. The hall is packed with participants as well as those who have come to learn the trade and enjoy," said, Ahmad Hashim Behroozian, CEO of RTA's Licensing Agency.

He said that the number D5 has been the biggest draw in the RTA's auction history, with many VIPs participating.

"We usually have a lot of plate traders participating. Plate trading is big a business and a lot of people are making good money out of it. We also organise special auctions for traders and issue permits for plate trading," he said.

Apart from live auctions, RTA organises online plate auctions every month.

RTA also sells distinguished number plates for fixed prices and he said that the auctions help set the price.

He said, apart from helping people make money, auctions help generate revenue for RTA's never ending infrastructure projects.

The other number plate that attracted big money was Q77 which was bought by an Emirati bidder for Dh4.52 million.

A few other numbers bagged more than a million including P27 that went for Dh2.14m and R7777 went for 1.17m.

In June this year, Emirati businessman Arif Al Zarooni, bought Number 1 plate for Dh18 million in Sharjah.

In 2008, another Emirati businessman Saeed Al Khouri payed Dh52.2m for Number 1 licence plate in Abu Dhabi, which so far holds the record for the costliest number plate in the UAE.

Comments

Satyameva jayate
 - 
Monday, 10 Oct 2016

Where are the fools who comment on fake Muslim food and money wasting news.....now what

Ahmrd
 - 
Monday, 10 Oct 2016

Shame on such crazy fools. No doubt it is his own hard earned money. But this is Not the way to spend. Defenitely Not the way. It is Wasting the money. Why dont they spend on poor people. Pay hospital bills, make free schools, improve conditions in slum areas. There is alot to do than Just buying number plate for ?60 Cr.

Zubair Katipalla
 - 
Sunday, 9 Oct 2016

Stupid Person....

This number will go to one of my Rolls Royces.!!!.. could you give us your number of RRs..

DOST
 - 
Sunday, 9 Oct 2016

IF HE IS HELP TO POOR PEOPLE, HE WILL GET 120 CRORE WITH IN 1 YEAR FROM ALLAH.

GARIBON KA DUA LELO.

shaji
 - 
Sunday, 9 Oct 2016

Dear Kairali, nothing to be shocked. this is what happening in the world. There is saying \har badi machli choti machli ko khati hai\". None can be so rich one of a sudden withut cheating. this person is avoiding benefits for his own emplohyees and busy in gathering money which he will take to his grave after death or might ask to burn it along with his body. You will find very few people who have become rich honestly. Most of the rich people are cheater / decoits. The recent and famous example is Devil Mallya. this person has cheated indians by billions of dollars and enjoying lavish life in UK. No need to say that he managed to escape to UK with help from the govt officials. Though he is telling that he will come back to india, i am sure he will never. Dear Kairali, please dont be frustrated. None is going to live here for ever. Everyl living thing has to taste death/end. History has seen rich people thousabnd time bigger that Mallya / Ambani / Sahani. but they left the world with their hands spreaded. Nepolian, the great warrior, had advised his people to take his dead body in procession with his hands uncovered to show that he was leavign the world with empty hands. God is great. Have trust in him. Money is not everything. God bless you with right way of thinking."

Well Wisher
 - 
Sunday, 9 Oct 2016

Shame to this type of fools. People are loosing their life just because of loans, food & poverty & such fools does not know how to spend money in good cause. Ashamed to say he is an Indian. Such goons are to be banned to India. Non sense.

Rikaz
 - 
Sunday, 9 Oct 2016

Crazy.....could have used it for some other beneficial purpose......

Kairali
 - 
Sunday, 9 Oct 2016

Am shocked. His company had asked me to leave the job for demanding around Rs 20k hike.

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News Network
May 30,2020

Dubai, May 30: Taking advantage of Vande Bharat Mission, a notorious NRI conman has fled to India through a repatriation flight after duping several businessmen in United Arab Emirates and stealing goods worth nearly six million dirhams.

Yogesh Ashok Yariava, 36, owner of the fraudulent Royal Luck Foodstuff Trading and prime suspect in the audacious scam took a flight to Hyderabad from Abu Dhabi on May 11 with around 170 repatriates.

His mandatory two-week quarantine period would have ended on May 25, but for his 40 odd victims a protracted battle for justice has just begun.

Last Wednesday many of them trooped down to the Indian Consulate office in Dubai in the hope of getting an audience with Consul General Vipul. The following day they went to Bur Dubai police station clutching dud bank cheques.

In a replay of the familiar trading scam, conmen representing Royal Luck Foodstuff approached unsuspecting traders and made bulk purchases against post-dated cheques.

They bought anything they could get their hands on: Facemasks, hand sanisters and medical gloves worth nearly half a million dirhams from Skydent Medical Equipment, Raheeq Laboratories and GSA Star; rice and nuts (Dh393,000) from Al Baraka Foods; tuna, pistachios and saffron (Dh300,725) from Yes Buy General Trading; French fries and mozzarella cheese (Dh229,000) from Mehdu General Trading; frozen Indian beef (Dh207,000) from Al Ahbab General Trading and halwa and tahina (Dh52812) from Emirates Sesame Factory. It’s a long list and it keeps getting longer as more victims come forward.

When their post-dated cheques started bouncing, the traders rushed to Royal Luck’s Opal Tower office in Business Bay. But it was too late. They had shut down and all their 18 staffers had disappeared. Visits to their warehouses also drew a blank.

“Calls made to the company’s sweet-talking purchase managers who visited us days earlier carrying fancy business cards remained unanswered,” said Chandrasekaran Ganesan of Ajman-based Skydent Medical Equipment which supplied protective face masks worth Dh175,875.

Another business owner, Anand Asar said he visited Royal Luck’s office after his cheque of Dh79,552 returned marked insufficient funds. “The security guard at the building told us their staff was last seen on May 17,” said Asar who has since lodged a police complaint.

“I am devastated. I don’t know how I will recover my losses,” said another trader.

Victims reckon the ill-gotten goods have been sold to third parties at dirt cheap prices.

“They have got millions of dirhams worth of goods against worthless pieces of paper. The scammers would rack up huge profits even if they sell our stuff for one tenth their price,” said another trader who pegged his losses at Dh200,000.

The scam comes close on the heels a Dh4 million fruit loot in which 810 tonnes of fruits shipped by Indian exporters to OPC Foodstuff Trading in Deira, Dubai were similarly stolen last month.

Legal adviser Salam Pappinisseri from Sharjah based United Advocates that represents five firms which have collectively lost over Dh550,000 said they are weighing legal action against the prime suspect Yogesh Ashok Variava in both India and the UAE.

“Yogesh, originally from Mumbai, absconded from the UAE with large amounts of money on an emergency evacuation flight. It’s strange that the fraudster got a seat in the flight which was meant to bring stranded Indian citizens who had registered with the Indian embassy and consulate requesting repatriation on urgent grounds,” said Pappinisseri.

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News Network
March 7,2020

Bengaluru, Mar 7: As a precautionary measure to control the spread of coronavirus in Karnataka, the state government has planned to suspend biometric attendance for the time-being at its offices, also in corporate and IT companies, Medical Education Minister Dr K Sudhakar said on Saturday.

He said the government has taken all precautionary measures to control the spread of the virus in the state.

"Our Additional Chief Secretary has already spoken to IT companies yesterday on behalf of the government regarding guidelines that need to be followed, it is part of it...we will do it in the government also in the days to come," Sudhakar told reporters here.

He was responding to a question about suspending biometric attendance at offices in the wake of the coronavirus outbreak.

Asked about suspending biometric attendanceat government offices, he said, "we have planned to do it yesterday."

Sudhakar said so far in Karnataka not even one case has been identified, to that extent we have been taking precautionary measures effectively.

He said from villages to state capital Bengaluru at all levels the health department officials have been activated as part of the precautionary measures.

Also, committees headed by Deputy Commissioners have been formed in all district, he added.

"We have given certain guidelines to people. We have also included private hospitals. We have taken all precautionary measures to stop the virus from entering the state," he added.

In response to a question regarding masks, the Minister clarified that those who have the symptoms of the disease only should use them.

He said, "N95 masks are required only for those who have tested positive, there is not even a single positive case in the state so far...surgical masks that will have three layers can be used by those who have symptoms like cough, cold, fever."

In the state as a precautionary measure 2,500 beds have been kept ready if the situation arises, despite not having a single case.

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News Network
May 31,2020

Mangaluru, May 31: Eminent social worker, former Principal of School of Social Work Dr Olinda Pereira, passed away on Sunday.

She was 95.

Mahatma Gandhi Peace awardee Pereira promoted Women’s Education and Development in several States. She has left an indelible mark in the state of Karnataka, India and overseas.

Dr Olinda Pereira publications include: Understanding Children – 1,2,3, Sallak Publications – 1974; Adjustment and its Correlates among Pre-adolescents – Preeti Publications – 1977; Domestic Workers Struggle For Life-A.T.C Publications – 1985.

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