Step 1: Translate the given statement into symbolic form.
“Suman is brilliant and dishonest if and only if Suman is rich”
Dishonest $\Rightarrow \sim R$
\[
\text{Statement}:\ (P \land \sim R) \leftrightarrow Q
\]
Step 2: The negation of a statement $S$ is written as $\sim S$.
Step 3: Therefore, the negation of the given statement is:
\[
\sim\big((P \land \sim R) \leftrightarrow Q\big)
\]
Step 4: Rewriting in the form given in the options:
\[
\sim(Q \leftrightarrow (P \land \sim R))
\]
Step 5: Hence, the correct option is (C).