Rumble of Thoughts: Scam

Showing posts with label Scam. Show all posts

Thursday, August 23, 2012

Either quit or scrap the CAG

Each scam the Auditor General unearths seems to be bigger than the earlier one, yet the ruling party is so thick skinned that no action is forthcoming.

Each time the ordinary citizen hopes that the culprits will be brought to justice but instead it is the CAG which takes the blame. I think there is only one solution for this problem. Scrap the CAG so that Indian citizens shall never hear of another scam. At least let us have some peace of mind.

Earlier if it was Kapil Sibal, now it is our PM who is discrediting the CAG.

The Prime Minister's point is that the CAG has computed onthe basis of allocation of 57 mines but out of these, 31 coal blocks belong tothe period prior to 2006. He also says the amount of loss projected by CAG was "misleading" as calculations had been done on the basis of Coal India prices and private players have different cost parameters.

This brings to my mind the most important question; how do these politicians escape jail? Raja is already out and we saw how his homecoming was celebrated. He was received like a hero!

To answer this please watch this video clip (if you have not watched it already) where everything is explained very well.

http://www.youtube.com/watch?v=HIudxeqFuz8

Nitin Gupta (Rivaldo) is a stand-up comedian & is an alumnus of IIT Bombay (Chemical Engg) and founder of Entertainment Engineers.

Here he is seen performing for the students at the S. P. Jain College and the subject is the CWG, 2G and other scams - the Archimedes Principle and Newton laws are a brilliant take why nobody gets caught in the scams in India

He talks about Archimedes law of buoyancy.

Any minister fully or partially immersed in corruption is pushed up by a buoyant force equal to the weight of the money he displaces.

In short, he is never caught. Unfortunately this same money is used up yet again to garner votes from the citizens when election comes around. Everything is hushed up and he emerges as the only hero capable of governing his constituency.

Today we read that Sonia Gandhi has found a place yet again in the Forbes list of most powerful women.

US Secretary of State Hillary Clinton placed second,followed by Brazilian President Dilma Rousseff, making the top three spotsunchanged from last year. Sonia Gandhi, president of the Indian NationalCongress, was at No. 6.

But if you are wondering if our PM has ever found a place anywhere in the list of the most powerful men, then he is nowhere in the picture. So the question is how did this come by? How and why is Sonia the most powerful when she is only the party president? She even beats Michelle Obama! The following caught my eyes.

The list named women involved in policymaking, entertainment, technology and nonprofit organizations, among other fields. They were ranked according to influence, the amount of money they control or earn, and media presence.

As for Mrs. Clinton,

Ms Clinton was applauded for her handling of crises such as the release of a trove of diplomatic cables by the anti-secrecy group WikiLeaks.

Can you think of anything that Sonia can be credited for? In fact has she taken the podium to answer any question from the media or the voters?

She is powerful only because of the money she controls.

Let this government resign or let the judiciary do it's job in a better manner.

Sunday, May 18, 2008

The lure of money

SEEKING JUSTICE:
CHENNAI: For the third consecutive day on Tuesday, people came in large numbers to the office of the Commissioner of Police in Egmore and lodged criminal complaints against the Gold Quest and its directors.

Additional police personnel were deployed at the entrance of the Commissionerate to regulate the crowd.Thorough examination Commissioner of Police G. Nanchil Kumaran told The Hindu that the police would thoroughly examine all petitions and take stern action against the accused, if they were found to have cheated the public.

So far, they had received about 900 complaints, the Commissioner said.
Last week, the police had sealed the company’s premises near the Chetpet police station.

Agents and some staff of the company who had information about the functioning of the company are being investigated.

When will we ever learn that making money is not easy? One cannot make hard money by quick means and expect it to be legal too.

Don’t we all see this bare truth around us: among our friends, our colleagues, those who work in high or low positions and even in business? Unless of course he gets a lottery.

The recent scam.. or the age old scam is the “Gold Quest” or re-christened Quest International (QI) pyramid style chain business.

Even me and hubby were approached as early as 1998 to take part in this scheme and kept on receiving further invitations’. One of Hubby’s friend and colleague came home and gave a presentation stating the merits of the scheme. The bottom line was making extra bucks during the free time. All one had to do was give around 175 KD (almost 30,000 IRS), whereby one gets either a “unique” wrist watch or a NUMISMATIC gold coin and then lure others to join the scheme. If your “Left” and “Right” prospers so do you! But Hubby was dead against such schemes, reminding me of the various schemes that had left many cheated and few rich. Thankfully I was too busy trying to bring up the little ones to bother about the "left" and "right". I did wonder how this scheme can work since the purchase is made only once and there was no other means of income. People who lose money in scams like Goldquest are encouraged to blame themselves for that. They are told that they did not work hard enough. And they have a disclaimer at their website that beats them all..

And upon reading more about “Gold Quest”, I came to know that this company was already facing ban from Nepal as early as 2003 and in Srilanka, Philipines and Iran in year 2004-7 And there were arrests in Chennai in year 2003 where the company’s Indian head quarters is located. They say Mrs. Chidambaram was appointed as the legal advisor to this company. I think people still refuses to believe that the company is cheating since many high ranking politicians and cine stars are its patron. The company has also ventured into other business using the money collected from millions.

Here in Kuwait many of my ex-colleagues and friends are a part of this scheme. One left his job and started an office in India to continue the business. I am not sure how many of them made money and I am not even sure if they are all aware that this company is cheating. Our neighbour is still busy recruiting fresh candidates from company camps. These unsuspecting candidates must have given all what they saved from their meagre salary. I am sure some have made money on the expense of others.

GoldQuest International – 2000

About Us
• GoldQuest is a company retailing gold products.
• GoldQuest finds its customers through word-of-mouth advertising otherwise known as interactive marketing.
• GoldQuest pays commissions to its customers for introducing other customers, who purchase products from GoldQuest..
• GoldQuest utilizes the strength of the best network structure available today for the distribution of its commissions.

Company Background

GoldQuest International Ltd. was formed by diverse but formidable entities: an investment group from the EU and Asean as well as an Asian team of industry leaders with extensive networking experience called the V-TEAM. This powerful fusion of corporate and networking expertise has laid a strong foundation for the stable existence of the company that is dedicated to building opportunities not just for itself but for all of its customers.

GoldQuest is led by the honorable corporate chairman, Mr. Aulis Juhana Makitalo, who worked for many years with internationally respected agencies such as the United Nations Development Fund and the Asian Development Bank. Assisting him are various international directors whose special fields of expertise propel the company into a new millennium of dynamic expansion and growth.