Profile
Emil Savundra
Businessman + Marine
Male
Born
Jul 6, 1923
Died
Dec 21, 1976
Emil Savundra, born Michael Marion Emil Anacletus Pierre Savundranayagam was an indigenous Tamil businessman from Ceylon (known as Sri Lanka from 1972) who later took British citizenship. He is known for having perpetrated financial frauds in several… Read More
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Timeline
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CHILDHOOD
1923
Birth
Born in 1923.
TWENTIES

1947
24 Years Old
When India and Ceylon were granted independence in 1947, Savundra tried to develop a business career on the island at age 23.
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THIRTIES

1954
31 Years Old
In 1954, at the age of 31, he came to the attention of the Belgian authorities, accused of swindling the Kredietbank of Antwerp over a non-existent cargo of rice.
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1958
35 Years Old
In 1958, he resurfaced as a middle man for a company called Camp Bird in Ghana, representing this American company with mineral interests in the country.
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1959
36 Years Old
But he had developed a career of sharp practice characteristic of a post-war black marketeer and went on with a fraud at the expense of the Costa Rican government in 1959, based on coffee beans.
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1960
37 Years Old
By the early 1960s, Savundra had settled in the United Kingdom; he was granted British nationality on 10 February 1960.
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FORTIES
1963
40 Years Old
In 1963, he had formed the Fire, Auto & Marine Insurance Company (FAM), which exploited the thriving motor insurance industry - at a time when car ownership in the UK was increasing and road networks were being further developed - by offering very attractive insurance rates and by a revolutionary but by modern standards rather crude computerisation by a collaboration with IBM.
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1966
43 Years Old
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In May 1966, the 42 year-old Savundra - suffering from a long history insulin-dependent diabetes - suffered a heart attack and he sold his FAM shares to his directors at FAM.
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In January 1967, he returned to England.
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1968
45 Years Old
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In March 1968, he was sentenced to eight years' imprisonment with a fine of £50,000 or a further two years.
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FIFTIES
1974
51 Years Old
Savundra was released from prison just before Christmas in 1974, by which time he was living in a drug-induced world of fantasy.
Original Authors of this text are noted on http://en.wikipedia.org/wiki/Emil_Savundra.
Text is made available under the Creative Commons Attribution-ShareAlike License.
Text is made available under the Creative Commons Attribution-ShareAlike License.
