Ponnapula Sanjeeva Prasad

Dr. P. S. Prasad is a notable Indian-born businessman associated with collapse of the Bank of Credit and Commerce International (BCCI) in 1991. In the years prior to BCCI's collapse, he was the owner of Keystone Financial Corporation and P. S. Investments, as well as an investment partner of Bert Lance and Ghaith Pharaon. He was also BCCI's largest individual borrower in the U.S. at the time of its collapse, with some $30 million in outstanding loans. Prasad fled the U.S. shortly after BCCI's meltdown; since that time very little information AbOUT his whereabouts has been published in the English-language media. The New York Times reported in July 9, 1993 EDition that the Manhattan District Attorney had indicted him and the outstanding warrant for his arrest has never been satisfied and that he remained a fugitive from justice with the Embassy of the United States in India failing in its efforts to carry out an extradition order from the US Department Of Justice. Efforts by private individual Mr. D.V. Sankara Rao to obtain a copy under the Right to Information Act of the plaint (sic) filed by the Embassy of the United States of America before the Additional Chief Metropolitan Magistrate (ACMM) in New Delhi who passed an order in this case on May 7, 2002 were also unsuccessful. Mr. Satyendra Mishra, Chief Information Commissioner dismissed Mr. Rao’s request and directed him to go to the ACMM’s court to obtain a copy.

Prasad now lives in Hyderabad, India and runs the software company "Goldstone Engineering."