Name Ashok Jain Children Vineet Jain, Samir Jain Parents Sahu Shanti Prasad Jain | Role Industrialist | |
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Occupation Industrialist and Philanthropist, Chairman Bennett, Coleman & Co. Ltd. Similar People | ||
Ashok Jain (1934 – February 4, 1999) was an Indian industrialist and philanthropist, who was the Chairman of India's largest media group, Bennett, Coleman & Co. Ltd., parent company of The Times of India and other large newspapers.
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FERA violation charges
Ashok Jain was indicted and arrested in 1998, a year before his death, in connection with an alleged violation of the FERA (Foreign Exchange Regulation Act). Again, the Times was accused of distorting facts pertaining to the case,even giving Ashok's indictment by the Enforcement Directorate the tint of a larger conspiracy against the Jain community in general. Adding to the controversy were sacked editor H.K. Dua's claims that his dismissal was retaliation for his refusal to comply with Ashok Jain's request to help him out by using his editorial position to build up public support besides lobbying with politicians. The ED, Delhi, arrested Jain from his Carmichael Road residence in Mumbai after 18 months in various courts.
Personal
Jain was married to Indu Jain by whom he had two sons, Samir Jain, Vineet Jain and a daughter. He died on February 4, 1999 in Cleveland, United States at age of 65, following a heart transplant on January 10.