Ashok Jain (1934 – 4 February 1999) was the Chairman of Bennett, Coleman & Co., the parent company of ''
The Times of India
''The Times of India'', also known by its abbreviation ''TOI'', is an Indian English-language daily newspaper and digital news media owned and managed by The Times Group. It is the third-largest newspaper in India by circulation and largest ...
'' and other large newspapers.
[
]
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
The Foreign Exchange Management Act, 1999 (FEMA), is an Act of the Parliament of India "to consolidate and amend the law relating to foreign exchange with the objective of facilitating external trade and payments and for promoting the orderly d ...
). 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 Carmichael may refer to:
* Carmichael (surname)
Other
* Clan Carmichael, Scottish clan
* Carmichael, California, United States
* Carmichael coal mine, a proposed mine in Central Queensland, Australia
* Carmichael (crater), a lunar crater
* Carmicha ...
residence in Mumbai after 18 months in various courts.
Personal
Jain was married to Indu Jain by whom he had two sons, Samir Jain
Samir Jain (born 11 March 1954) is an Indian publisher and the Vice-Chairman and Managing Director (VCMD) of Bennett, Coleman & Co. Ltd., also known as The Times Group, a leading media conglomerate with its primary base of operations in India, ...
, Vineet Jain
Vineet Kumar Jain is the Managing Director of Bennett, Coleman & Co. Ltd. (B.C.C.L.), commonly known as The Times Group, India's largest media group. He runs B.C.C.L along with his brother Samir Jain
Samir Jain (born 11 March 1954) is an ...
and a daughter Nandita. He died on 4 February 1999 in Cleveland
Cleveland ( ), officially the City of Cleveland, is a city in the U.S. state of Ohio and the county seat of Cuyahoga County. Located in the northeastern part of the state, it is situated along the southern shore of Lake Erie, across the U.S. ...
, United States
The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country primarily located in North America. It consists of 50 states, a federal district, five major unincorporated territori ...
at age of 64, following a heart transplant on 10 January. Even after his death, his contribution to the society was noted as the managing trustee of the Bharatiya Jnanpith, which is a leading organisation devoted to the promotion and recognition of the best creative writing in Indian languages.
See also
* Agrawal and Agrawal Jain
Agrawals are the descendent of Maharaja Agrasen who was a legendary Indian king of Agroha, a city of traders. He is the descendant of Kush, son of lord Ram and he was born in 35th generation after lord Ram. He is credited with the establishment ...
* Nattal Sahu
Nattal Sahu (नट्टल साहु) of Yoginipur (now Mehrauli, Delhi) is the earliest known Agrawal Jain merchant-prince, who lived during the reign Tomara king, ''Anangapal''. His life's account is described in Apabhramsha text ''Pasa ...
References
External links
Shravak Shiromani Sahoo Shri Shantiprasadji
{{DEFAULTSORT:Jain, Ashol
20th-century Indian Jains
Businesspeople from Uttar Pradesh
The Times Group people
1999 deaths
1934 births
Indian mass media owners
20th-century Indian businesspeople
20th-century Indian philanthropists