Emil Savundra
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 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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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. … Read More

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. … 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
1960 37 Years Old By the early 1960s, Savundra had settled in the United Kingdom; he was granted British nationality on 10 February 1960. … Read More

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. … Read More
1966 43 Years Old …  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. … Read More
1967 44 Years Old 1 More Event
In January 1967, he returned to England. … 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

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.
1976 53 Years Old He died in Windsor, England, aged 53 in 1976. … Read More
Original Authors of this text are noted on http://en.wikipedia.org/wiki/Emil_Savundra.
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