Showing posts with label Swiss Money. Show all posts
Showing posts with label Swiss Money. Show all posts

Sunday, November 11, 2012

Conflict of Interest


Why did one have to wait so long to know that Mukesh Ambani is one amongst the list of black money dealers?

Guess it is conflict of interest and this afflicts not just the major parties: Congress and BJP but the media and even the voters!

One can understand the reluctance of the Congress since the list would have contained their favourites, but why did the BJP not make it public? Did they not have an access to it?

I remember how only 6 names were offered to be revealed and the promise that the rest would be revealed once a case is registered. I did wonder in my blog how they selected the 6!

http://under-the-tree-of-tranquility.blogspot.com/2011/04/now-you-may-have-6.html
Yesterday, the government has offered to reveal 6 names, while they have yet again given the same old excuse for not revealing the rest.

The Centre has assured the Supreme Court that it would reveal the names of persons who have stashed black money in foreign banks after registering a formal case against them.
Solicitor General Gopal Subramanium, appearing before a bench headed by Justice B Sudershan Reddy, said the government has issued show cause notices against the persons accused of having black money in foreign banks and once a case is registered against them, their names will be made public.

In case of the media, Reliance now has its own media mouth. All they have to do is either twist the facts or suppress the facts. Not that other national media is devoid of corporate or party interests.

http://www.thehindu.com/business/companies/article2772487.ece
Reliance makes a major foray into media sector

Reliance Industries, India's biggest listed company, is expanding its footprint in the media sector, with a major investment in the TV18 group which will effectively fund a consolidation with the Eenadu TV media group.
In return, the Reliance will get preferential access to content from TV18, which runs television channels and websites including CNN-IBN, CNBC-TV18 and Colors. This content can then be distributed through Reliance subsidiary firm Infotel, which is setting up a 4G wireless broadband network across the country.
With Tuesday's deal, the Reliance, controlled by billionaire businessman Mukesh Ambani, will have a major stake in a cross-media enterprise, spanning digital divides to encompass print publications, news and entertainment broadcasting, consumer Internet, film production and e-commerce.

As for the voters, at least a major chunk of the middle class is heavily invested with Reliance and its likes. I am sure most of them were painfully looking at the stock market when Arwind Kejriwal made the expose twice. If there is someone looting, one might as well share the loot!

But to BJP’s credit, it did make an attempt to give more attention to the black money. In fact Adwani promised the voters that if BJP comes to power at the center, they will pursue the same seriously. But unfortunately the voters did not take BJP seriously. Or was there a vote rigging. These days one is not sure of anything!

http://under-the-tree-of-tranquility.blogspot.com/2009/04/vote-for-bjp.html
Why am I saying that?
Did it suddenly dawn on me that BJP is better than Congress? (2 main National parties).
Frankly speaking it hasn’t. Sitting far away from the election heat and die hard voters who may influence my opinion, it was easy to watch both parties impartially. And none of them scored better until I picked up just this from Adwani.
"If NDA returns to power then we’ll force Indian citizens to bring back their wealth to India and use the money here.”
 Even before Kejriwal’s revelation, reliance was already under scanner but nothing further happened.

http://under-the-tree-of-tranquility.blogspot.com/2011/06/cost-of-being-richest.html

The Comptroller and Auditor General (CAG) of India has come down hard on Mukesh Ambani-controlled Reliance Industries Limited (RIL), suggesting the company grossly overstated its development costs in India's largest gas field, possibly causing "significant" financial losses to the exchequer.

As the production-sharing contract involves profit-sharing with the government, a higher capital expenditure results in the profit being lower for the government than it would be otherwise, which the CAG has explained in its 200-page June 7 report to the petroleum ministry.
The CAG report has revealed severe irregularities and violations on part of private operators and government departments and ministries.

And now the government is seriously trying to gag the CAG!

New Delhi, November 11: Battered by various CAG reports on alleged scams, government says it is "actively" considering a proposal to make the official auditor a multi-member body. Minister of State in Prime Minister's Office V Narayanasamy says Comptroller and Auditor General of India (CAG) has become "more impatient" and he wants that all constitutional bodies to work within their parameters. "It (making CAG a multi-member body) is under active consideration. The government is actively considering it," he told PTI in an interview.
Will this conflict of interest ever be resolved? I think not in a democracy!

Wednesday, November 2, 2011

The aliens that live amongst us..


They dress, walk, eat, sleep and do everything just like the humans; yet they are not human.

And they cannot be Gods (though they believe and act so), for they do not live forever; they die like a common man.

But they have a unique name – politicians.

They may live in India, but no law can touch them. And in case it does, they get out in a jiffy. If the luxury in the jails is not good enough, they quickly seek hospitals. The more alien they are, the rarer would be their ailment; which makes it impossible to lead them out of the hospitals, unless they are told that they are freed from jail. They are quick to send petition in case their alien status is not recognized by the mere mortals.

Kerala row over release of Pillai

The moment the UDF government came to power, Pillai was allowed parole for almost 45 days citing the illness of his wife. And once the parole was over, he was forced to go back to jail. Thereafter he was admitted to a private hospital after he fell ill following a different kind of disease. Though CPM leaders opposed his parole and his admission into the private hospital, the UDF government ignored the protests. Now the UDF Government has taken a decision to release him.

Gali Petitions For Special Status in Jail

 Publish Date:Nov 1, 2011

The duo on Monday filed a petition in the CBI court seeking a special class prisoner status for them in the jail in accordance with Rule 730 of the AP Prisons Rules 1979.

Amar Singh seeks court's nod to go abroad for treatment

Press Trust of India

New Delhi: Two days after being discharged from hospital, Rajya Sabha MP Amar Singh, an accused in the 2008 cash-for-vote scam case, has moved a Delhi court seeking its permission to go abroad for treatment of his kidney ailment.


In an application to Special Judge Sangita Dhingra Sehgal, Singh said he had been undergoing treatment at Singapore's Mount Elizabeth Hospital following his kidney transplant and he needed to go there for regular check-up.

They may park millions abroad , but when caught, their names shall not be uttered. Even the media is scared to blurt them out.
Summons have also been issued to three Members of Parliament (MPs) from Haryana, Uttar Pradesh and Kerala to appear for questioning at the Delhi office of I-T department's recently-set up Directorate of Criminal Investigation (DCI). The MPs would be asked to explain the source of funds in the Geneva accounts.


Yesterday, when an alien in the Finance Ministry was asked for the names of these great Members of Parliament; the lowly humans were informed that they do not have such privilege and hence to shut up.

Pranab Rules Out Disclosing Names Of MPs Having Foreign Funds



India TV Correspondent [ Updated 01 Nov 2011, 12:59:41 ]
The persons who are being summoned for offshore funds by the Income Tax department include three MPs, one each from UP, Kerala and Haryana, and an industrialist based in Mumbai.
The industrialist during questioning had admitted to having family accounts in HSBC Geneva with deposits totalling more than Rs 800 crore. One of the three MPs has Rs 200 crore in overseas accounts, the Times of India report said.

 What shall one do with these aliens?

Monday, April 18, 2011

Now you may have 6

The government continues to drag it's feet in the case of the black money ($1 trillion!)

It is almost two years since the German Government had passed on the names and bank account details of eighteen Indians who had stashed their alleged ill-gotten wealth in the LGT bank of Liechtenstein, a well-known tax haven nation, 190 km from Munich, Germany.


While 15 names were earlier (February 2011) revealed through Tehelka and other newspapers, curiously none of them contained Hassan Ali.

The ED has questioned Khan, facing close to Rs 70,000-crore tax demand notice from the Income-Tax Department, with regard to his past trips to various countries and his business dealings within the country.


At present, the Indian public is made to concentrate only on Hassan Ali.

Investigating officials reportedly found that Ali had so far helped a former Andhra Pradesh chief minister and other top politicians as well as film stars from south India to fund elections and movies. Sources also claimed that one of the Telugu actors is now a prominent politician whose name has been come up during the investigation.


And even though Hassan Ali seems to have revealed the names of many bigwigs, the only soul who is seen to be taken to task is Puducherry Lt Governor Iqbal Singh. Singh has offered his resignation while stating that the passport was issued under the direction of a Bihar Congress leader.

Singh, who met Chidambaram on Friday, had said he had made the recommendation for Khan at the behest of a Bihar Congress leader.


Yesterday, the government has offered to reveal 6 names, while they have yet again given the same old excuse for not revealing the rest.

The Centre has assured the Supreme Court that it would reveal the names of persons who have stashed black money in foreign banks after registering a formal case against them.

Solicitor General Gopal Subramanium, appearing before a bench headed by Justice B Sudershan Reddy, said the government has issued show cause notices against the persons accused of having black money in foreign banks and once a case is registered against them, their names will be made public.


For the present let me wonder how they came up with the six....

Did they do a “Inky, pinky ponky” round?

Or did Sonia place a few selected names and benevolently asked MM Singh to pick up 6 out of them?

Democracy at its best!


Source:


http://ramanan50.wordpress.com/2011/02/04/indian-swindlers-list-names-holding-secret-account-revealed/
http://www.tehelka.com/story_main48.asp?filename=Ne120211TheList.asp
http://news.oneindia.in/2011/03/28/black-money-hasan-ali-threat-sc-ed-politician-aid0101.html
http://news.oneindia.in/2011/04/18/willresign-if-asked-to-puducherry-lt-governor-iqbalsingh-aid0126.html
http://profit.ndtv.com/news/show/black-money-names-to-be-revealed-once-case-is-registered-140231?cp
http://connect.in.com/manmohan-singh/article-blackmoney-cant-reveal-names-says-govt-311-86bbefff8af5198089e1703c2d6573200cd4d6c9.html

Thursday, September 10, 2009

Recovering India's money

This is the first time I have deleted a post and it was something that landed in my inbox about recovering the money in the Swiss bank.. when I checked on the people behind the initiative, I did not like what I read about most of them...

Thursday, April 2, 2009

Vote for BJP!

Why am I saying that?

Did it suddenly dawn on me that BJP is better than Congress? (2 main National parties).

Frankly speaking it hasn’t. Sitting far away from the election heat and die hard voters who may influence my opinion, it was easy to watch both parties impartially. And none of them scored better until I picked up just this from Adwani.

"If NDA returns to power then we’ll force Indian citizens to bring back their wealth to India and use the money here.”

Earlier I did read email forwards on this “Swiss money” but kept wondering if it could be really true. But then the cynic in me told that every political party and their benefactors would have their share. If money can be so easily stashed away by ruling parties then BJP just did not have enough time to siphon it!

But now they have a chance to prove that they are different. If this is not just an election rhetoric and if Advani really has the nation’s interest at heart then he needs to keep no other promise. This money is more than enough to take India on the onward road to glory that it truly deserves.

And today I read this article from S Gurumurthy. His articles have always been thought provoking and at times provocative too. But then truth sometimes hurts.


Secret wealth abroad

02 Apr 2009 08:11:30 AM IST

Switzerland has been accused of giving shelter to black money and there has been a lot of inflow of such wealth from India and other countries of the world.” This is not L K Advani, on election mode, speaking last Sunday, but the Swiss ambassador to India briefing the media in Delhi last year.


The occasion was the 60th anniversary of Indo-Swiss Friendship Treaty. Admitting that Indian black money gets hoarded in his country, he added that the new law in Switzerland would, not stop it, but control it “up to a certain limit”.

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