Bombay Parsi Punchayet trustee Kersi Randeria provides an
insight into the workings of the secretive trust
The trustees must find innovative ways of raising money,” says Bombay Parsi Punchayet (BPP) trustee Kersi Randeria in a freewheeling, two-hour interview on January 21 this year with Parsiana that covered the issues of housing, finance, electoral reforms and upkeep of assets. The industrial entrepreneur and self-made millionaire voiced his anger at the BPP’s policy to auction flats to raise money. The highest bidders are assigned the flats on a leave and license basis. "Even a watchman can sell the flats,” you do not need elected trustees to do that. By transferring flats to the highest bidder the BPP was......