Sadiq Batcha
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Sadiq Batcha (c. 1972 – 16 March 2011)[1] was an Indian entrepreneur and the managing director of real estate company Green House Promoters Private Limited. Sadiq allegedly committed suicide under suspicious circumstances related to the 2G spectrum case in India. Police found a suicide note that read the reason as the excessive media coverage that maligned his image said he felt sorry for A. Raja's plight.[1]
Batcha was born in kattur village in Lalgudi taluk, Trichy, one of four brothers. Whilst Batcha was still in Karur his two brothers Jamal Mohammed and Jaffar Ali opened a real estate business. Batcha received a Master of Business Administration (MBA). He had a modest start to his career, selling mattresses and clothes as a door-to-door salesperson. He initially went door-to-door by foot, then by bicycle.
Anecdotal accounts of Batcha's early financial ventures claim that he sought to purchase land, providing the owning party with an initial deposit upfront. He would then re-sell the land to a larger party, making a profit, and settle his debt with the initial landowner. Batcha borrowed sums of money from banks and private lenders and began to diversify his activities. Some of these ventures failed and, at this point, Batcha sought the help of a lawyer, A. Raja. Allegations of improper conduct surfaced soon after in relation to Batcha's pre-existing ownership of cheaply acquired land involved with important infrastructure projects that were scheduled for the Perambalur district.[2]
A. Kaliaperumal, A. Raja's elder brother, is the Joint MD (managing director) of Green House Promoters.[2]