The Times of India
Panaji (Goa)

PANAJI: Radha Timblo, who has been named for allegedly stashing black money abroad, belongs to one of Goa's powerful mining families.

She is the managing director of Timblo Enterprises and Timblo Private Limited (TPL), which operate under Satish Timblo Group of Companies. 

Radha was earlier named along with her son, Chetan Timblo, for illegally taking over mines belonging to Badrudin Bavani (Mawani) in the Supreme Court's central empowered committee report on illegal mining in Goa. 

The businesswoman, who is virtually unknown and keeps a low profile, said she needs to study details of the government affidavit on black money before reacting. 

According to Association for Democratic Reforms analysis of the donations made to political parties between 2004-05 and 2011-12, TPL had donated Rs1.18 crore to the BJP and 65 lakh to the Congress. 

TPL's story dates to the time of Portuguese rule in Goa. Differences between three sons of Datta Camotim Timblo had led them to split in the company. 

Three mining companies were thus born. Datta's eldest son Gurudas Timblo founded TPL as 60 mining leases of the parent company were equally distributed among the three firms. 

Gurudas's younger son, Satish, married Radha. After Satish's death 15 years ago, Radha remarried but has retained her surname from the first marriage. 

TPL owns mining leases at various places. Before mining came to a halt in Goa in September 2012, TPL and Timblo Enterprises had exported 2.4 million tonne iron ore to Japan, China and Europe in 2011-12. 

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