Emil Savundra

Emil Savundra

Sri Lankan Businessman
Born Jul 6, 1923
Died Dec 21, 1976
Death Place Old Windsor
Other Names Doctor Savundra; ...

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 countries, culminating in the scandal of the Fire, Auto and Marine Insurance Company. Savundra twice served jail sentences for his frauds.… Read More

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1923 Birth Born in 1923.


1948 25 Years Old When Ceylon was granted independence in 1948, Savundra tried to develop a business career on the island at age 24. … Read More


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. … Read More
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. … Read More
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. … Read More


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. … Read More
1966 43 Years Old In May 1966, the 42-year-old Savundra – suffering from a long history of insulin-dependent diabetes – suffered a heart attack and he sold his FAM shares to his directors at FAM. … Read More
1967 44 Years Old 1 More Event
In January 1967, he re-entered the United Kingdom. … Read More
1968 45 Years Old In March 1968, he was sentenced to eight years' imprisonment with a fine of £50,000 or a further two years. … Read More


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.
1976 53 Years Old He died in England, in Old Windsor, near Windsor, Berkshire, on 21 December 1976, aged 53 years, survived by his widow, and was registered as a "retired banker". … Read More
Original Authors of this text are noted on http://en.wikipedia.org/wiki/Emil_Savundra.
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