Sukesh Chandrashekhar via livemint.comSukesh Chandrashekhar, who is currently in judicial custody on allegations of large-scale fraud, has submitted a proposal for a $1 billion investment to Sam Altman, the CEO of OpenAI.
“As you and your company is now working towards becoming a part of India’s National AI Agenda, I want to play a small role by making an investment in Open AI of 1 Billion USD, immediately, and further extend it to another 2 Billion USD over the next five years for your Indian operations.” Chandrashekhar wrote in a letter to Altman, “Sam why go to Venture capital Investors, why should the Big Boys always have the fun, Sam please just take my money.”
Sukesh Chandrashekhar, currently in India’s largest prison, has sent a “letter of intent” through the law firm Anantam Legal, expressing his desire to invest $1 billion in OpenAI’s Indian operations. In a heartfelt note, Sukesh wrote, “In the meantime, as we are not personally, able to meet, I wanted to address this heartfelt note to you, while you are considering to accept my Investment for your Indian operations of 1 Billion, USD, immediately. Sam, just like how you started from a scratch, I too have started from a humble beginning, the only difference is a lot of baggage, has been tagged along with me, i.e., False allegations and legal cases, however, none till date have been proved against me.”
JOIN US TO STAY UPDATED ON YOUR FAVORITE MESSENGER APP!
Chandrashekar is currently incarcerated in connection with multiple fraud and money-laundering cases, which are under investigation by the Enforcement Directorate (ED).
ⓘ Interesting Read: Startup Glossary – 40+ Startup Terms Every Startup Founder & Entrepreneur Should Know
In his letter, Sukesh Chandrashekar made claims about his business ventures, stating that he founded a lucrative online gaming and betting platform, which reportedly generates nearly $3 billion annually. He also mentioned that his businesses are based outside of India and expressed interest in investing in the country’s tech and AI sectors.
Back in October, Chandrashekar reportedly made an offer to purchase a 50-70% stake in Dharma Productions, a film production company owned by Karan Johar, last year. According to his letter of intent, Chandrashekar expressed interest in acquiring controlling shares in the company, describing it as a “no-negotiation” offer. He claimed that if the terms were agreed upon, the transaction could be completed within 48 hours.
In another instance, Sukesh Chandrashekar announced plans to invest $135 million (approximately ₹1130 crore) in a Los Angeles studio, a gesture he dedicated to his “lady love”, Bollywood actor Jacqueline Fernandez, with whom he claims to be in a relationship.
ⓘ As part of our ongoing support for startups and SMEs, LAFFAZ Media publishes feature and resource articles that may include references and links to external websites. These inclusions are selected at our editorial discretion to provide valuable information to our readers. LAFFAZ Media does not control, endorse, or assume responsibility for the content or practices of external websites. For more details, please refer to our Terms and Conditions.
