Jean Paul Roy - the man who came to own stakes in KG Basin without doing anything. Picture courtesy: Economic Times
This is Jean Paul Roy - Canadian geologist who lives in Guatemala and speaks French, Spanish and English. Just 6 days before the KG Basin deal he created GeoGlobal incorporated in the Caribbean island of Barbados with a capital of just $64. Under the deal he was given 10% stake in KG Basin for his technical expertise in preparing the geological model for gas exploration (another 10% was given to Jubiliant Group. Jubilant’s Shyam Bhartia is the husband of Shobhana Bhartia, Chairperson and Editorial Director of the Hindustan Times Group. Their son Shamit Bhartia is also a Director at the HT Media group who is married to Nayantara Kothari grand-daughter of Dhirubhai Ambani). However in its disclosures before the US authorities, GeoGlobal told its shareholders that the company had no exploration experie...
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