Verma's father, Shrikant Verma, was a leading journalist before Indira Gandhi brought him into the Indian National Congress party and made him a Member of Parliament of the 1976 and 1982 Indian Parliament. From an early age, he was exposed to the media in his public life due to the assistance he provided his father. His mother, Veena Verma, served for fourteen years as a Member of Parliament, and was Vice-President of the Congress party, responsible for the Mahila Congress. In 2001, Verma was engaged to marry Evelina Papantoniou, a former Miss Greece and runner-up in the Miss Universe competition. He was also dating Playboy center-fold Simone Cronstrand prior to marrying Anca Neacsu former Miss Romania.
Career
Verma did his Bachelors of Arts from Hindu College, Delhi University in 1988 and Masters from Georgetown University, Washington DC. Verma was Chairman of Atlas Interactive India Private Limited and signed an agreement with the Indian Government to run Bharat Sanchar Nigam Limited to provide the technology for 'netTV' by 2004. In 2011 Verma took over the reins of Olialia World a multinational FMCG brand as the Chief Evangelist of the group. In 2017 Verma was awarded the contract to construct & own MaldivesInternational airport with an investment of US$500 million, which would be known as Olialia International Airport for 50 years. Verma appeared on the cover of India Today magazine in November 1997 issued as the Megarich of India. The cover story featured lifestyle and penchant for Verma's collection of private jets and expensive cars. In May 2019 a controversy erupted in Maldives when photos of Billionaire Verma were published with former President Mohammed Nasheed the present Speaker of Parliament and Chairman of ruling MDP Party and Verma issued defamation notice to sue the columnist Bushry associated with the newspaper 'One Online' causing uproar in Maldives. Verma is a witness in 1984 anti-Sikh riots against INC politician Jagdish Tytler. The courts in December 2015 directed the Central Bureau of Investigation to record his testimony as witness. The high risk of being threatened caused Verma to be granted round the clockDelhi Police protection and paramilitary forces. Verma's proximity to Varun Gandhi, scion of the Nehru–Gandhi family, was made public when explicit photos of Gandhi and Verma with European escorts were released to the news media in 2016 by social activist politician Prashant Bhushan. Gandhi and Verma denied the allegations and issued statements that the photos released by Bhushan were morphed. Bhushan's allegations of Gandhi being blackmailed by Verma were also rubbished by Gandhi. Verma was nominated to contest Lok Sabhaparliamentary elections from Congress Party in 1996, which he turned down due to personal reasons.
In 2006, Verma was accused by the opposition Bharatiya Janata Party of receiving kickbacks amounting to around US$200 million, through a US$4.5 billion Indian military deal, as a consequence of the Indian government purchasing six Scorpène-class submarines from Thales. The BJP raised this in Parliament, pointing out his proximity to the INC, and alleged he had gained the agency to negotiate the contract with Thales as a result of bribing certain INC politicians. Verma and Thales immediately denied all the allegations, and launched a lawsuit against The Outlook Magazine, which had been the first to break the story. He also sued the former BJP Deputy Prime Minister of India, L. K. Advani, for criminal defamation; Advani had campaigned against Verma, demanding the Government charge the latter with corruption. In 2009 the Delhi High Court exonerated Verma when the CBI published their report into the allegations: they stated that the monies received by him was not a result of the submarine sale. On 7 June 2012, CBI raided Verma's 10 premises and establishments in India after registration of cases of corruption and money laundering. In 2013, Verma was named a suspect in the 2013 Indian helicopter bribery scandal by the Indian Government for massive bribes exceeding Euros 50 million that were paid to Indian politicians including Sonia Gandhi as alleged by BJP leader Subramanian Swamy. Verma is suspected to have been the middleman in the chopper deal and the nexus was exposed by TimesNow TV with their global investigation. Due to various other arms deal-related cases that Verma and his wife are alleged to have been involved in, the government attempted to freeze their secret bank accounts in Liechtenstein, which are said to hold over US$500 million; however the Liechtenstein authorities rejected the Indian government's request to open the accounts in 2015. When Enforcement Directorate raids were carried out at Verma's residences, among the goods seized were 36 paintings, valued at over US$5 million and designer watches worth US$1 million. In June 2012, Verma was arrested and charged with corruption and money laundering; the trial commenced in December 2015. In April 2017, a CBI special court exonerated Verma and his wife.
