Sukesh Chandrasekhar often referred to as a master conman has been implicated in numerous high-profile fraud and extortion cases in India. While he has made claims about his substantial wealth including overseas income and successful business ventures these assertions are contentious and lack independent verification.
Alleged Wealth and Business Ventures
In January 2025 Chandrasekhar from his incarceration claimed an overseas income of ₹22410 crore (approximately $2.7 billion) for the fiscal year 2024-2025. He stated that his companies LS Holdings International and Speed Gaming Corporation registered in Nevada USA and the British Virgin Islands respectively were involved in online and offline gaming and betting operations across the US Spain the UK Dubai and Hong Kong. He expressed willingness to pay ₹7640 crore in taxes on this declared income.
Furthermore Chandrasekhar claimed to have established a successful online gaming and betting platform generating close to $3 billion annually. He expressed interest in investing in technology and artificial intelligence within India.
Extravagant Gestures and Investment Offers
Chandrasekhar has made headlines with his extravagant gestures particularly towards Bollywood actress Jacqueline Fernandez whom he claims to be in a relationship with. For her 39th birthday he reportedly gifted her a yacht named “Lady Jacqueline” which she had purportedly selected in 2021. He assured that all taxes were settled making it a legitimate gift.
In a letter to former U.S. President Donald Trump Chandrasekhar revealed plans to invest $135 million (approximately ₹1130 crore) in a Hollywood studio dedicating this venture to Fernandez. He also mentioned intentions to expand his U.S. operations by investing an additional $500 million over the next two years.
Additionally Chandrasekhar offered to acquire a 50-70% stake in Dharma Productions a leading Indian film production company further showcasing his ambitious investment aspirations.
Legal Troubles and Authenticity of Wealth Claims
Despite these grand claims Chandrasekhar’s credibility is undermined by his extensive criminal record. He is accused of orchestrating a massive extortion racket allegedly swindling hundreds of crores of rupees from wealthy individuals including politicians and business figures. He is the prime accused in a ₹200 crore money laundering case under investigation by the Enforcement Directorate (ED) and faces additional charges filed by Delhi Police’s Economic Offence Wing and other agencies.
Given his history of fraudulent activities the authenticity of Chandrasekhar’s declared wealth and business ventures remains dubious. There is a lack of independent verification for his claims and they are widely viewed with skepticism.
While Sukesh Chandrasekhar portrays himself as a billionaire with vast business interests his notoriety as a conman and his ongoing legal battles cast significant doubt on these assertions. Without credible evidence to substantiate his claims his alleged net worth and business accomplishments remain highly questionable.
