It is never easy to write about individuals like Bharat Sharatchandra Bhise who have been involved in shady business practices, particularly when they have been found guilty of producing false documents, lying under oath, and defrauding the court. However, it is important to shed light on such individuals and their actions to ensure that justice is served, and others are not harmed in the future.
In this case, we are discussing Bharat Bhise of Bravia Capital who has been involved in multiple lawsuits and legal battles due to his involvement in shady business practices with a Chinese company. Mr. Bhise, has been accused of numerous illegal activities, including fraud, deception, and the production of false documents.
Bharat Sharatchandra Bhise is an investor and an international ‘dealmaker’. He has worked with many global brands over the years however many of them have either filed for bankruptcy or are running from authorities. Currently, he is the CEO and founder of Bravia Capital.
Bharat Bhisé has been involved in multiple major lawsuits over the last few years. His company, Bravia Capital, has filed and faced several lawsuits over contracts and botched deals. One of the lawsuits included allegations of fraud and perjury. In Bravia Capital Partners Inc vs Fike, Bharat Bhisé’s company had received allegations for producing false documents, lying under oath and defrauding the court.
The lawsuit was filed in the District Court, Southern District of New York. While the court found many inconsistencies and grave mistakes in the testimonies of Bravia Capital Partners, it didn’t find any evidence of fraud.
Fike had asked the court to sanction Bravia in the form of:
- Dismissing their declaratory judgment complaint
- Enter a default judgment against Bravia on her counterclaims
- Set reasonable attorney’s fees
Nevertheless, the Court found that Bharat Bhisé had submitted a document with a forged signature. Hence, it decided to order him to show cause why the Court should not sanction him personally.
The case occurred in 2015 and apart from a few legal dockets, there isn’t much information available on the lawsuit. Notably, during the case, Bharat’s company had deleted several crucial documents and emails
Maybe this is another result of Bharat’s PR efforts, who knows?
Moreover, this is not the only lawsuit he has been involved in.
In 2020, Bravia Capital Partners Inc filed a lawsuit against Hong Kong Bohai Leasing Asset Management Corp Limited. They filed this case in U.S. District Courts, New York Southern District.
It is a case regarding contracts and related disputes. The case is still pending in the court.
Clearly, Bharat has never been free from controversy. But that’s not all. Prior to showing interest in politics, Bharat Bhisé was working in China. There, he was the part of a humongous scam. More on this in the next section of this review:
Bharat Bhise SCAM With Chinese Firm HNA
HNA Group Co was a major Chinese conglomerate with multiple assets in China and overseas. There was a time when everyone was hailing this conglomerate as one of the fastest growing companies in the globe.
In 2017, HNA was ranked 170 among the world’s Fortune 500 companies. But in 2018, the company owed $93 billion to its creditors.
Now that most of its leadership is gone, very few people are talking about it. However, most people forget that he used to be a major stakeholder in this company:
During the rapid growth of the Chinese firm, he had acquired a 30% stake in the company. According to Bhise, he did it as a favor and received ‘no compensation’ for it.
This claim seems rather odd considering HNA was a Fortune 500 company and was among the largest in China.
As a major stakeholder, Bharat acted as a dealmaker for HNA Group Co in many Mergers & Acquisitions. He claimed that they were never his shares and he was merely “holding them in trust”.
The downfall of HNA started when Geo Wengui, a fugitive Chinese billionaire, alleged that officials in the CCP and their relatives were undisclosed shareholders in HNA.
Also, he alleged that HNA had allowed Chinese government officials and their relatives to use the company’s aircrafts for ‘purely personal reasons’.
This prompted many people and authorities to question the ownership structure of HNA. Moreover, it made many people realize how suspicious the entire structure was.
The “Indian dealmaker” started attracting a lot of attention when he transferred all of his 30% stake in the company to an unknown person named “Guan Jun”. According to media reports, Guan had ties to one of China’s most influential government officials.
Guan had purchased Bharat’s stake from him in 2017.
The China Human Rights Accountability Center called for investigation into this deal and shared several important details.
When asked how the deal took place, neither Bharat nor HNA disclosed any information. Both of them refrained from sharing any information regarding the transfer of the conglomerate’s ownership.
However, the pressure kept increasing and HNA had to release an open letter themselves. In their letter, they didn’t mention Guan. Instead, they claimed that Bharat’s stakes in the company had gone to a US-based charity.
Later, Bharat said that the senior management of the company is Buddhist and wants all the shares to go to charity at some point.
This meant that it was one of the most generous donations to a US foundation in the history of philanthropy.
Bharat never explained how the ownership of his shares which were worth in billions went to the donor Guan Jun. Guan’s registered address is of a simple apartment where reports found a trash-laden building.
Similarly, Guan Jun’s business address was the address of a street-side spa in a residential neighborhood. Certainly, the details were false and both Bharat and HNA were hiding something.
Both Bharat and Guan’s shares were deemed shady and suspicious by international media. HNA claimed that Guan didn’t work for the company but media reports say that he served as co-chairman in a P2P lending platform of HNA.
Due to such dubious ownership, Bank of AMerica decided not to do any business dealings with HNA. However, after receiving all of these allegations, nothing came out of it. Bharat Sharatchandra Bhise roamed scot-free and has since moved onto other ventures.
It is important to note that individuals like Mr. X pose a significant threat to society, and their actions can have far-reaching consequences. Not only do they harm innocent individuals and businesses, but they also undermine the integrity of the legal system and erode public trust in the justice system.
As a society, we must work together to hold individuals like Mr. Bhise accountable for their actions and to ensure that justice is served. This requires a commitment to transparency, accountability, and the rule of law, as well as a willingness to speak out against unethical and illegal behavior.
Mr Bhise serves as a cautionary tale for anyone considering engaging in shady business practices. The consequences of such actions can be severe, and the damage caused can be far-reaching. It is up to all of us to work together to ensure that justice is served and that individuals who engage in illegal behavior are held accountable for their actions.
This month Bharat Bhise’s Rent Alpha enters into the deal with Mizuho Leasing, a prominent player in the global financial sector, recently announced its plans to acquire a 51% stake in Rent Alpha, a leading and diversified company in the field. It is worth noting that there is a past incident involving Bharat Bhise who owns 70% of Rent Alpha that could potentially affect the deal. Bharat Bhise has been embroiled in various legal controversies in recent years, with allegations ranging from fraud to perjury. In one particular case, Bravia Capital of Bharat Bhise, faced allegations of producing false documents, lying under oath, and defrauding the court.