Ten Scams That Knocked India Off Its Feet

February 15, 2013 by MI

India shrugs at yet another scam in the country that involves people who represent honor and integrity and who rather chose to act on the contrary. However their lack of etiquette has not only cost India big sum of money but it has also cost the people the trust they have invested in the system. The scams in India that involve politicians, financial moguls, defence personnel, corporate honchos are many.

Here are the ten scams that knocked India off its feet, as reported by Apoorva Sripathi and Mowna Ravikumar for Yahoo.com

1 Chopper Deal Scam

The most recent of all scams in the country dealing with Rs 74.5 crore, is the Chopper deal scam. As per Reuters, the investigation which started more than a year ago against the Italian firm Finmeccanica has finally culminated to the arrest of the Italian firm head, also the former IAF Chief Air Chief Marshal S P Tyagi confessed meeting the middle man, however he did claim to be innocent.

2 Tatra

Over 7000 trucks were manufactured by Bharat Earth Movers Ltd (BEML) in collaboration with Tatra Vectra Motors in 2010. It was disclosed by the retired General VK Singh that he was offered a bribe of Rs 14 crore in his office in order to clear the purchase of 1,676 substandard Tatra BEML trucks. The estimated amount of the scam is 750 crore.

3 Coalgate

Coalgate is the political scandal involving the government’s allocation of the nation’s coal deposits to public sector entities and private companies between 2004 and 2009, also called the coal allocation scam. It is one of the most infamous scams in India that estimated a loss of Rs 185,591 crore. The comptroller and Auditor General (CGA) has accused the government of India for distributing 155 coal acres to companies in an arbitrary manner instead of auctioning it out to the highest bidder.

4 Antrix Devas Deal

The former ISRO chairman G Madhavan Nair and three other scientists were responsible for controversies created over the deal between the Indian Space Research Organisation (ISRO) and commercial arm Antrix Corporation and Devas Multimedia, which was signed in 2005. The scam involved ISRO leasing the S-band transponders on two satellites, GSAT6 and GSAT6A, for broadcasting purposes to Devas Multimedia. The controversy led to G Madhavan Nair being barred from holding any government jobs in January 2012, until further review.

5 The 2G Scam

The Telecom Ministry in 2008 under the supervision of A.Raja sanctioned about 122 Licenses of the 2 G Spectrum to 85 companies which also included many new Telecom Companies with non or little experience at a price set in the year 2001.This illegal undercharging to various telecom companies of the allocated 2G licenses for cell phone subscriptions gave way to the 2G spectrum scam. The report prepared by the CAG estimating the scam amount to about Rs 176,000 crore, however, the CBI report estimates it to be Rs 30,984 crore.

6 Satyam Scam

The satyam scam, considered to be the biggest scam in Indian corporate history came out in the early 2009 which shook the Indian stock market. Satyam Computers Chief B. Ramalinga Raju manipulated the accounts which he later confessed. The misrepresentation of the accounts included showing of company’s balance sheet as Rs 5,040 crore and non- existent interest of Rs 376 crore in September 2008. Ultimately the scam that began with misappropriate books and inflated figures led to a loss of

Rs 8000 crore suffered by the Satyam chief.

7 CWG

CWG is another one of the major political scams in India. In the 2010 Commonwealth Games (CWG) Suresh Kalmadi the former chairman of the Organizing Committee of the Commonwealth Games was accused for the CWG scam. There were number of corrupt deals involved including overstated contracts. For the timing equipment from Swiss Timing, Kalmadi handed out a contract of Rs 141 crore, which was inflated by Rs 95 crores. The athletes were asked to relocate into shabby and unkempt apartments just 10 days before the games.

8 Adarsh Housing Society

In 2002, the chief minister of Maharashtra allotted land to construct a cooperative society in the heart of the Mumbai city for the ‘welfare of serving and retired personnel of the Defence Services’. Instead of the defence personnel getting flats in the society, top politicians, bureaucrats and military officials took the flats at low prices. It was found by the CBI, IT department and the ED that among the involved in the scam were Ashok Chavan, Sushilkumar Shinde and Late Vilasrao Deshmukh.

9 Vanishing Companies Scam

In 1998, Over 600 companies on the Dalal Street disappeared after raising money from the public. A probe was ordered by P Chidambaram to look into the matter. The SEBI probe revealed that at least 80 of the companies had raised Rs 330.78 crore. Later the Department of Company Affairs (DCA) was asked to start investigation and penalize the scamming company. The investigation still remains open.

10 Hawala scam

The scandal that involved Indian politicians allegedly receiving payment through four hawala brokers, the Jain brothers. An estimated Rs 1000 crore was involved in the bribery scandal implicating some India’s leading politicians like L K Advani, Sharad Yadav, Madan Lal Khurana, V C Shukla, Balram Jakhar and P Shiv Shankar. The arrest of militants in Kashmir in 1991 led to a raid on hawala brokers which revealed evidence of heavy payments made to many politicians in the country. The court case on the scandal ultimately collapsed without convictions.

Since independence the number of scams and scandals India has witnessed can leave anyone dumbstruck, with the amount of money involved India could have boosted its economy. As Gandhi said, “There is enough to satisfy every man’s need, but not every man’s greed,” only if the people scamming the country could understand.

World’s Biggest scam in India valued to $40 Billion [INFOGRAPHIC]

September 1, 2012 by MI

The 2g spectrum scam not just 1 lakh but 1.7 lakh crores!
If put in figure, a whole lot of 1,70,00,00,00,00,000

Do you think a telecom minister can earn this much? or is this his father’s property? Sure it isn’t.Or you wondering if this belongs to Mr Karunanidhi who has been supporting him all along? sure not!

According to Indian television reports Mr. Raja, the Telecom Minister, made a loss of around 2 lakh crores to Indian government by selling the 2g spectrum for cheap bucks to corporates that have no standard at all.

With the Auditor General and comptroller charging Mr. Raja, the telecom minister, against the 2g spectrum scam has raised high the country. He was being held as personally responsible for the loss of over 1.7 lakh crore to the country selling 2g spectrum at dead cheap rates in 2008.

This incident blasted the issue more seriously adding to the intense interrogation by the civil society, supreme court and the Telecom watchdog against Raja.

This has been the biggest scam in India and in the world. This has substantially marked a dead black spot in the history of scams. Until now, the value of all the scams is not more than 20 lakh crore rupees (RS: 20,00,00,00,00,00,000) that made this a big buzz in the world of scams.

Countries like America and Europe were almost shocked to the 2g spectrum scam which is over a “whole 40 billion dollars”.

No rules in the game! His game is the only rule.
He played with dates and changed everything that can make his story strong and bring him all the money.
Sold completely surrender to money and selling the country to cheap hands.
No proper auction followed
Above all, the highlights are his ignorance to Prime Minister Mr.Manmohan advice, TRAI who recommended to auction 2g spectrum properly at market rates and not the dead rates!

Finally, he was completely sold to lobbyists!

Wondering how much we can do with this money to a country?

4 golden square projects connecting metropolitan cities like Delhi, Mumbai, Chennai, kolkata
23 samshabad airports
30 lakh buses
11 crores buffaloes to raithlu
Construct 1868 dams just like nagarjuna sagar
25 lakh hospitals
65 lakh ambulances
30 lakh schools
35 crore computers
504 fighter jet aeroplanes

Society is fighting for its right and get back the money to the government. Should hold all the 2g spectrum projects

A national campaign is being held against corruption and everybody can make their contribution through the online voting system and let the higher officials know society is aware of the facts

Postal cards to kill corruption are being send to Prime Minister in the hope of taking strict action against the persons involved in the scam.

All accussed in this case are out of jail on bail, including A Raja.

CBI to Submit 2G Probe Reports to CVC

February 4, 2012 by MI

The Supreme Court directed the CBI and other agencies probing the various facets of the 2G scam to make available their reports to the Central Vigilance Commissioner (CVC) who would examine and send them to court with observations.

“In future, copies of the report(s) of the investigation conducted by the CBI (Central Bureau of Investigation) and other agencies shall be made available to the Central Vigilance Commissioner in sealed envelopes,” the court said. It said that “within next one week the Central Vigilance Commissioner and the senior vigilance commissioner shall examine the report(s) and send their observations and suggestions to this court in sealed envelopes which shall be considered along with the report(s) of the CBI and other investigating agencies.”

While directing the CVC to examine the reports by the CBI, the judgment noted that the Central Vigilance Commission had powers of superintendence over the CBI in the matter relating to the investigation of offences allegedly committed under the Prevention of Corruption Act but the same could not be exercised for interfering with the “manner and method of investigation or consideration of any case by the CBI in a particular manner.”

The apex court bench of Justice G.S. Singhvi and Justice A.K. Ganguly said this while declining the plea by the Centre for Public Interest Litigation (CPIL) seeking the appointment of a group of independent people to assist the court in monitoring the investigation in the 2G scam by different agencies.

“Initially, the CBI may not have taken up the matter relating to investigation of 2G case with requisite seriousness, after December 16, 2010 it has satisfactorily conducted the investigation,” the judges said.

On December 16, 2010, the apex court gave directions to the CBI on its probe in 2G scam and had said that the court would monitor the investigation. “There is no justification to appoint a group of persons to directly or indirectly scrutinize or supervise the further investigation being conducted by the CBI and other agencies,” the court said.

“Keeping in view the nature of the case and involvement of a large number of influential persons, we feel that it will be appropriate to require the Central Vigilance Commissioner and the senior vigilance commissioner appointed under Section 3(2) of the 2003 (CVC) act to render assistance to the court in effectively monitoring the further investigation of the case,” the court said. This course will be perfectly in tune with the mandate of act, the judgment said.
Source: IANS

2G Scam: SC Cancels Licenses, Refuses to Probe Chidambaram’s Role, CVC to Monitor Investigation (ibtimes.com)
Submit status reports to CVC, Court tells CBI (thehindu.com)
CBI job satisfactory, no need for SIT supervision, says Bench (thehindu.com)
SC to decide on probing PC’s role in 2G scam today (ibnlive.in.com)

Chidambaram: Caught by courts, bowled by Swamy?

November 16, 2011 by MI

As the trial begins in the special court on the 2G spectrum scam, there is a riveting side story — perhaps more interesting than trial itself.

The special court last week directed the Central Bureau of Investigation to provide documents related to ‘equity dilution‘ by telecom operators that were allotted telecom licenses in 2008 to Janata Party chief Subramanian Swamy.

Swamy, it may be recalled, had petitioned the special court to provide him with the correspondences between the then telecommunications minister A Raja and the then finance minister P Chidambaram. Naturally, this has set the Yamuna on fire.

What is so extraordinary about this equity dilution? Why is the nation riveted to the contents of the file? Why has this issue increased the political temperature in the already surcharged atmosphere, especially days before the Parliament is supposed to meet for the Winter Session?

To understand, one must revisit the sequence leading to the alleged scam. It may be recalled that Swan Telecom was allotted a license for a mere Rs 1,500 crore (Rs 15 billion). Swan subsequently sold 45 per cent of equity to Etisalat, a foreign company for a whopping amount of Rs 4,200 crore (Rs 42 billion), merely months after it was allotted spectrum.

Similarly, companies promoted by the Unitech Group purchased licenses for approximately Rs 1,600 crore (Rs 16 billion) per license. Almost instantly, they sold 60 per cent of their stake for Rs 6,200 crore (Rs 62 billion) to Telenor, another foreign company.

That implies the value of each company to be close to Rs 10,000 crore (Rs 100 billion)!

Significantly, these companies did not have any assets other then licenses which they had acquired. Apparently, these sales at such elevated prices to foreign layers imply that the licenses were originally sold by the government at throwaway prices.

But the value of the license is half the issue: the dilution is the crux of the issue — the conclusive evidence of the scam. And this requires some elaboration.

According to the arguments put forward by the accused, the existing promoters have not sold their shares to these foreign players. Rather, it is the companies in which they owned shares (and also licenses) sold fresh shares to these foreign players.

In the process, the promoter’s holding was at best diluted, not sold. Interestingly, while there was a three-year lock-in period for the sale of shares by the promoters, there was no stipulation on allowing ‘strategic partners’ and ‘equity dilution’ by existing promoters.

That, in turn, meant that Telenor and Etisalat had acquired licenses indirectly in October 2008.

Importantly, the former telecom minister is on record stating that dilution of equities by the alleged beneficiaries of 2G spectrum scam to foreign firms was first cleared by the government and did not constitute any offence.

Assuming for a moment that the former telecom minister and by extension the former finance minister are right, then it brings us to the next logical question: in a country where a second-class berth allotted to you for a mere Rs 100 by Indian Railways cannot be transferred to another person, how can such licenses valued at several hundred crores (billions) of rupees be indirectly transferred?

Rs 500 crore of expenditure at Rs 8,400 crore

The counsel for the former telecom minister had reportedly stated in the open court that “the matter (about sale of equity by spectrum licensees) was discussed between the prime minister and the then finance minister.”

According to him, “The then finance minister had himself told the prime minister that the dilution of equity was not sale and was completely allowed under corporate law.”

And that in turn has brought the then finance minister directly into the fire.

“The then finance minister( who is now home minister) had said in front of the prime minister that dilution of shares does not amount to sale of 2G license as per the corporate law,” and added to good effect, “Let the prime minister deny this.” [Source: Several press reports]

Fascinatingly, these arguments about dilution of shares were made even as early as in November 2008, days after Swan and Unitech entered into the ill-fated agreement.

More interestingly, both these companies wrote to the ministry of telecommunications on November 4, 2008 after several press reports raised inconvenient questions on these agreements.

The crux of the arguments put forth by these two companies at that time (as it is even to this date) was that the foreign players were ‘not investing into an entity where the only value is the spectrum that it holds’.

This meant that substantial amount of work had gone about between January 2008 (when the licenses were allotted) and November 2008, when this communication was sent.

Unitech, for instance, claimed that it set about building a team of Indian telecom professionals to build the company, its network, its business processes, offices, distribution channels — in short do everything for launching a successful telecom operation.

Simultaneously, it also claimed that it engaged a banker of international repute to identify a strategic partner which ultimately led to the agreement with Telenor.

For all these efforts, Unitech declared that as at September 30, 2008, its total expenditure on all these accounts aggregated to approximately Rs 2,100 crore (Rs 21 billion).

In short, according to Unitech, Telenor, its strategic partner was partnering with it at a stage “where about 6 months of effort and Rs 2,100 crore (Rs 21 billion) of expenses have already been expended.”

Put simply, Telenor was investing into a company that was already up and running and not merely an entity that had acquired licenses.

But the letter also concedes that the Rs 2,100 crore (Rs 12 billion) of expenditure includes the license fee of approximately Rs 1,600 crore (Rs 16 billion)! In short, till September, Rs 500 crore (Rs 5 billion) were spent on setting up the business and Rs 1,600 crore were spent on licenses.

Remember that the company had not yet commenced commercial operations. In effect, Unitech wants us to swallow their logic that Rs 500 crore of expenditure along with the licenses was to be valued at Rs 10,000 crore (Rs 100 billion).

Simultaneously, they also want to us believe that the licenses were not resold at higher prices! That means the licenses allotted to them in January 2008 at approximately Rs 1,600 crore (Rs 16 billion) was even as at September 30, 2008 valued at RS 1,600 crore.

That in turn implies hat out of Rs 10,000 crore (Rs 100 billion) valuation of the company, the spectrum valuation remains a mere Rs 1,600 crore.

The balance Rs 8,400 crore (Rs 84 billion) represented the value of expenditure (representing salaries, travel and other sundry expenses to put the operations in place) aggregating to about Rs 500 crore!

Will an investor value expenditure 16-17 times its original value? Remember all these expenditure are nothing special — every company incurs some start up expenditure to put in place its team, arranges logistics and possibly attempts to identify potential partners.

Every finance professional will concede that the aggregate cost of several expenditures incurred in a planned manner is much more than the each one of them incurred independently. But 16 times?

Well, that is stretching the issue too far. But fortunately for Unitech and Swan, it had a willing listener in the telecommunication ministry.

But what about the finance ministry?

Incidentally, the Unitech-Telenor deal was initially objected by the home ministry on security grounds, only to retract in 2009. The finance minister who maintained a stoic silence then blessed the deal as the Union home minister.

According to information available in public domain, in face of strong objections from the IB and RAW, the Foreign Investment Promotion Board had deferred the approval on this matter but the home ministry diluted all objections by placing a ‘flimsy’ clause.

Accordingly, Telenor’s staff affiliated to its Pakistani arm would not be permitted to work in India! That in turn paved the way for approval by the CCEA in 2009.

It is pertinent to note that all these information was in the public domain for long. Surely, the correspondence between the then finance minister and the then telecommunications minister — and to be provided by the CBI to Swamy — will possibly provide more clues as to what was the opinion of the finance ministry, crucially its minister about the share valuation, unless there was no communication in the first place!

Was it simply a case of issue of fresh capital leading to equity dilution of promoters? Or was it a case of transferring the control of companies and by extension precious spectrum that it had obtained — fair or foul to another by circumventing the law of the land?

Assuming that such companies (and not the promoters) were indeed the beneficiaries of the share dilution, was the then finance minister also tacitly approving the same? Either way, the revenue was lost. Possibly someone made money, but that is irrelevant.

Crucially, while all these were been played out in full public glare what was the then finance minister doing? Was the ministry party to all this by its tacit silence?

Or has the then finance minister provided the necessary approval after consultations with the prime minister? Inconvenient questions indeed that the former finance minister may have to answer in the coming days.

The author is a Chennai-based chartered accountant. He can be contacted at mrv@mrv.net.in

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குடும்பத்தோடு பின்லாந்து போனார் கலாநிதி மாறன்- ஏன்?

November 7, 2011 by MI

குடும்பத்தோடு சன் டிவி குழும தலைவர் கலாநிதி மாறன் திடீரென பின்லாந்து கிளம்பிப் போய் விட்டார். சிபிஐ விசாரணை வளையத்தின் கீழ் உள்ள நிலையில் அவர் குடும்பத்தோடு பின்லாந்து போயிருப்பது பரபரப்பை ஏற்படுத்தியுள்ளது.

ஏர்செல் நிறுவனம் சிவசங்கரன் வசம் இருந்தபோது மலேசியாவைச் சேர்ந்த மேக்சிஸ் நிறுவனத்திடம் அதை விற்று விடுமாறு கலாநிதி மாறனும், அப்போது தொலைத் தொடர்பு அமைச்சராக இருந்த கலாநிதியின் தம்பி தயாநிதி மாறனும் நிர்ப்பந்தித்ததாக குற்றச்சாட்டு உள்ளது. மேலும், ஏர் செல் நிறுவனத்திற்கு 2ஜி உரிமங்களை வழங்காமல் தயாநிதி மாறன் இழுத்தடித்தார் என்பதும் சிபிஐ வைத்துள்ள குற்றச்சாட்டு. வேறு வழியில்லாமல் மலேசிய நிறுவனத்திடம் ஏர்செல்லை சிவசங்கரன் விற்ற பின்னர் படு வேகமாக அந்த நிறுவனத்திற்கு 2ஜி உரிமங்களை தயாநிதி மாறன் வழங்கினார். இதற்குப் பிரதியுபகாரமாக மேக்சிஸ் நிறுவனம் சன் டைரக்டர் நிறுவனத்தில் ரூ. 629 கோடி அளவுக்கு முதலீடுகளைச் செய்தது.

இந்த விவகாரம் தொடர்பாக சிபிஐ வழக்குப் பதிவு செய்துள்ளது. இதையடுத்து தயாநிதி மாறன் தனது பதவியை ராஜினாமா சதெய்தார். இந்த வழக்கில் தயாநிதி மாறன், ஆஸ்ட்ரோ ஆல் ஏசியா நிறுவனம், மேக்சிஸ் நிறுவனம் ஆகியவற்றின் மீது வழக்குத் தொடரப்பட்டுள்ளது. கலாநிதி மாறனும் குற்றம் சாட்டப்பட்டோரில் ஒருவர் ஆவார்.

இந்த வழக்கை படு தாமதமாக தாக்கல் செய்த சிபிஐ இன்னும் தாமதமாக தயாநிதி மாறன், கலாநிதி மாறன் குடும்பத்தினரின் வீடுகள், அலுவலங்கள், சன் டிவி அலுவலகம் ஆகியவற்றில் ரெய்டுகளை நடத்தியது. இந்த நிலையில், கலாநிதி மாறன் தனது மனைவி காவேரி, மகள் காவியா ஆகியோருடன் திடீரென பின்லாந்து புறப்பட்டுச் சென்றுள்ளார். தனி விமானத்தில் சென்ற இவர்கள் தங்களுடன் பெருமளவில் லக்கேஜ்களையும் கொண்டு சென்றுள்ளதாக கூறப்படுகிறது.

நேற்று அதிகாலையில் இந்த விமானம் சென்னையை விட்டுக் கிளம்பியுள்ளது. துபாய் போய் அங்கு எரிபொருள் நிரப்பிக் கொண்டு அங்கிருந்து பின்லாந்து போயுள்ளது.

திடீரென கலாநிதி மாறன் பின்லாந்து கிளம்பிப் போயிருப்பது பெரும் பரபரப்பை ஏற்படுத்தியுள்ளது. விசாரணை வளையத்தின் கீழ் உள்ள நிலையில், இன்னும் விசாரணைக்கு அழைக்கப்படாமல் உள்ள நிலையில் அவர் குடும்பத்தோடு பின்லாந்து போயிருப்பது ஏன் என்ற கேள்வியும் எழுந்துள்ளது.

அவர் சிபிஐயின் முதல் தகவல் அறிக்கையில் இடம் பெற்றிருப்பதால் வெளிநாடு போவதாக இருந்தால் சிபிஐயிடம் அனுமதி வாங்கிய பின்னர்தான் செல்ல முடியும். ஆனால் அவர் அனுமதி பெற்றாரா என்பது தெரியவில்லை. இதுகுறித்து சிபிஐ அதிகாரிகள் பரிசீலித்து வருவதாக கூறப்படுகிறது.

விசாரணையிலிருந்து தப்புவதற்காகவே கலாநிதி மாறன் வெளிநாடு போய் விட்டதாகவும் ஒரு கருத்து நிலவுகிறது. எப்படி ஐபிஎல் ஊழல் விவகாரத்தில் விசாரணைக்கு வராமல் லண்டனில் உட்கார்ந்தபடி லலித் மோடி டேக்கா கொடுத்துக் கொண்டிருக்கிறாரோ அதேபோல கலாநிதி மாறனும் செய்வாரா என்ற எதிர்பார்ப்பும் எழுந்துள்ளது.

மேலும் பின்லாந்து நாட்டுடன் இந்தியாவுக்கு நாடு கடத்துவது தொடர்பான எந்த ஒப்பந்தமும் இல்லை. எனவே ஒருவேளை பின்லாந்தில் கலாநிதி மாறன் தங்கி விட்டால் அவரை அங்கிருந்து கொண்டு வருவது மத்திய அரசுக்குப் பெரும் சவாலானதாக இருக்கும் என்று சட்ட நிபுணர்கள் தெரிவிக்கின்றனர்.

கலாநிதி மாறன் ஓய்வுக்காக போயிருக்கிறாரா அல்லது ஒரேயடியாக அங்கு போய் விட்டாரா என்ற சந்தேகமும் எழுந்துள்ளது.

2G Scam: CBI to Oppose Bail to Corporate Honchos in Supreme Court

October 31, 2011 by MI

The CBI will oppose the bail of five corporate honchos in the Supreme Court which is to hear their petitions on Monday, in connection with the 2G scam, days after it did not object to the bail pleas of DMK MP Kanimozhi and four others in the trial court.

Sources in the investigating agency confirmed that it has instructed the lawyer to oppose the plea of corporate executives – Unitech Wireless MD Sanjay Chandra, Swan Telecom Director Vinod Goenka and Reliance Anil Dhirubhai Ambani group executives Hari Nair, Gautam Doshi and Surrendra Pipara – who have approached the apex court for bail.

Earlier the agency on October 24 did not oppose the bail plea of Kanimozhi, Kalaignar TV MD Sharad Kumar, directors of Kusegaon Fruits and Vegetables Asif Balwa, Rajiv Agarwal and Bollywood producer Karim Morani before a special CBI court here.

It had, however, opposed bail plea of Swan Telecom promoter Shahid Balwa and A Raja‘s former private secretary R K Chandolia in the trial court. Monday’s proceedings in the Supreme Court assumes significance as the apex court had earlier said the accused in the 2G scam can seek bail after framing of charges against them which was done on October 22.

Other accused in the case include former telecom minister A Raja, former telecom secretary Siddhartha Behura and three telecom firms Reliance Telecom Ltd, Swan Telecom and Unitech (Tamil Nadu) Wireless Ltd.

Why Chidu is Silent? (ktrmurali.wordpress.com)
2G CBI questions Supreme Court on Chidambaram. (ramanan50.wordpress.com)
Verdict reserved on Kanimozhi’s bail plea (hindu.com)
2 judges opt out of hearing Kanimozhi’s bail plea (hindu.com)

Do Politicians Really Enjoy the Money They Make?

October 19, 2011 by MI

Everybody is looking at how to make more money. And while we are talking about everybody, how can our beloved politicians not feature in the rat race. Our great Indian politicians spend hours at a stretch in devising error proof strategies to loot people and fill their bank accounts. But the irony of the entire situation is that, do they actually get a chance to enjoy the money they skim. Despite being loaded with millions they still cannot flaunt a BMW or an Armani outfit. But there has to be an exception everywhere. The Iron lady of India Jayalalitha has no hitches in flaunting whatever she has achieved.

If we were to look at different politicians who were involved in various scams and earned big fat money then the list would be never ending. So let’s take a look at few prominent politicians who made corruption the limelight of India.

A.Raja- 2G Scam

He is someone associate to everytime you hear about the 2G spectrum financial scandal in the Telecommunications and IT Ministry. This is the largest political corruption case in the Indian history, a scam worth 176,000 crore. This was followed by his resignation and a raid at his residence by the CBI. Raja was involved in illegally undercharging mobile telephony companies for allocating licenses, which they would use to create 2G subscriptions for cell phones. He arranged the sale of the 2G spectrum licenses below their market value. The estimate to Raja’s wealth is a big amount of 3,000 crore. His personal income increased from 11.47 lakh to 22.12 lakh from 2009 to 2010. Despite making so much money and his newly conquered wealth, he is confined within the walls of Tihar Jail.

Suresh Kalmadi- CWG Scam

Once belonging to the Indian Sports fraternity, Suresh Kalmadi, tainted former CWG Organising Committee chairman, gave rise to the CMG scam for awarding illegal contracts to a Swiss firm for Timing Scoring Result system for the 2010 Commonwealth Games causing a loss of 95 crore to the exchequer. It is estimated that out of 70000 crore spent on the Games, only half the said amount was spent on Indian sportspersons. Kalmadi and his team were in a habit of in the habit of handing out contracts to firms that provided equipment or services at exorbitant rates. During the 2009 Lok Sabha elections, Kalmadi had declared assets worth 12.81 crore while filing nomination from Pune. He had claimed that he owned agriculture land worth 1.38 lakh and house and apartments worth 2.49 crore. What a pity for this man, who looted the public to build his wealth and is now using it to cure his new crisis ‘dementia’, a disease related to memory loss.

BS Yeddyurappa- Land Scam

Every scam must have something unique in it to make money, take a look at the multi-crore land scam by the former Karnataka Chief Minister and the BJP leader BS Yeddyurappa that had all the suspense and drama a scam needs. He made a sincere effort in bringing a complete change in every rule stated in the book, only to ensure allotment of land for his sons and other family members. He gave away two acres of industrial land to his family firm in Bangalore, two acres to his daughter’s BPO firm, a residential plot to his son in Bangalore, 134 acres (mining lease) to his followers and residential plots to his relatives in Mysore. He made sure the lands were de-notified in return for investments in his family firms or lands were allotted on a preferential basis to enable the business growth of these companies. With 15 illegal transactions carried out by the CM, his family made around 190 crore. According to Yeddyurappa’s affidavit, the assets owned by him are worth 1. 82 Crore while liabilities are 2.59 Lakhs. This bumpy ride gradually led to a downfall of Yeddyurappa.

Madhu Koda- Hawala Scam

Another feather in the cap of the Indian corruption list is Hawala Scam by the former Jharkand Chief Minister,’ Madhu Koda’ was responsible for a scam worth over 4000 Crore. This corrupt politician exploited the state’s natural resources by licensing illegal mining leases and hiding the wealth collective during the undertaking. You would be astonished on reading the eventful life this man enjoyed. From being a labourer who worked in the mines to receiving all the benefits by capturing the Chief Minister’s chair and now the district jail, he was charged with washing off money. He has propery worth 130 Crore. And the government is set to confiscate assets worth 125.

Mayawati- Power Scam

Someone who didn’t leave even a single opportunity to misuse her power is Mayawati. The mother of all scams, who uses shoddy way to get funds. She is accused of 3,000 Crore power scam. The state-owned Uttar Pradesh Power Corporation sacrificed lower rate of power from the National Thermal Power Corporation (NTPC) and other agencies, and made an agreement with five private power companies to purchase 5,000 crore units of power from July 2011 to June 2012 at a much higher rate. She was also charged with corruption when the Taj Heritage corridor case was uncovered. Mayawati’s government is involved in 100 scams worth 2.54 lakh crore and 4 lakh crore scams of central government. Her net worth at present is more than 87 crore, a gain of at least 35 crore over her 2007 declaration of 52 crore. With more than 67 percent returns in three years. She is the most corrupt politician India has ever seen.

Most Corrupted Politicians (ktrmurali.wordpress.com)
India ex-minister hospitalised (bbc.co.uk)
77% of Union Ministers are Crorepatis (ktrmurali.wordpress.com)
Why Chidu is Silent? (ktrmurali.wordpress.com)
Is Narendra Modi’s Gujarat Really Vibrant? (ktrmurali.wordpress.com)
BJP minister held over kickbacks (bbc.co.uk)

Why Chidu is Silent?

September 23, 2011 by MI

He has been in the shadow of doubt ever since the 2G spectrum scam broke out, which was repeatedly denied by all and sundry around him, a probe against whom the Centre and CBI opposed. Now a firestorm of controversy is set off by his cabinet colleague Pranab Mukherjee as a recently released note ‘seen by’ him says that the 2G resource could have auctioned in 2008 if the then Finance Minister P. Chidambaram had “stuck to his stand”.

Pranab Mukherjee and P Chidambaram are often rumored to be the powerful rivals in the Congress party and their rivalry has once again come out in public when the formers’ ministry issued a letter to the PMO in 2008 alleging that Chidambaram had a chance to prevent the illegal spectrum allotment by Raja. The two powerhouses of the Congress party are often seen vying for the top post in the party by the next general elections in 2014. However, the UPA government that is reeling under a series of corruption scandals, is now at a difficult juncture desperately hunting for damage control options.

The allegation says that Chidambaram had a chance to intervene into the spectrum allocation to bring in more revenue to the government. The airwaves were allegedly sold at a very lesser price than their real value resulting in a loss of around 176,379 crores to government exchequer.

The note apparently sent at the approval of Pranab Mukherjee came to light as Janata Party President Subramanian Swamy presented it before the Supreme Court to prove a direct involvement of Chidambaram in the spectrum pricing. It was originally accessed by the RTI activist Vivek Garg from the the Prime Minister’s Office. The letter was prepared by a deputy secretary in the finance ministry and sent to the PM’s office on March 25. It reportedly quotes Chidambaram, after a meeting with A Raja, as saying, “He was for now not seeking to revisit the current regimes for entry fee or revenue share” of spectrum. A strong critic of the Congress party, Swamy has been fighting the legal battle for a CBI probe into the Home Minister‘s role in the 2G scam.

Even after this serious allegation and the following hullabaloo, the Congress party decided to firmly back Chidambaram and said there is not rift within the party over the 2G scam. The Union Law minister Salman Khurshid strongly spoke in support of him saying, “We have no reason to put a question mark on Mr Chidambaram’s conduct. We stand by him.” He rubbished the media buzz about the possible differences between the key ministers and said, “We cannot comment on the paper till court takes it into account. It is just one sided presentation of documents.”

The main opposition BJP was quick to react and demanded the Home Minister’s resignation over the letter. BJP spokesperson Prakash Javadekar said, “It was very clear from day one that Chidambaram agreed to A. Raja‘s formula for 2G spectrum allocation. If he had stuck to his position that spectrum should not be allocated at 2001 prices the scam would not have taken place.” CPI National Secretary D. Raja said “Chidambaram’s position, morally speaking, is increasingly becoming untenable. His role as the then finance minister needs to be examined and questioned.”

2G Note by the Finance Ministry – Original Document. (ramanan50.wordpress.com)
2G CBI questions Supreme Court on Chidambaram. (ramanan50.wordpress.com)
The Hindu : News / National : 2G: CPI(M) demands CBI probe against Chidambaram (dtsreddy.wordpress.com)

The Curious Case of Rahul Gandhi

August 29, 2011 by MI

Rahul Gandhi: “I feel ashamed to call myself an INDIAN after seeing what has happened here in UP”.

PLEASE DON’T BE ASHAMED OF U.P. YET

Please don’t be ashamed of Uttar Pradesh yet. Congress ruled the State for the Majority of the duration Pre Independence to Post Independence.. from 1939 to 1989 ( barring the Periods of Emergency.. Thanks to your Grand Mom Indira G. and a couple of transitional Governments)

8 out of the total 14 Prime Ministers of India have been from UP, 6 out of those 8 have been from Congress…

I think your party had more than half a century and half a Dozen PM’s to build a State…

The Reason Mulayam Singh, subsequently came to Power is because your party wasn’t exactly Gandhian in their dealings in the State.. So May be If you look at in totality the present chaos in UP is the outcome of the glorious leadership displayed by Congress in UP for about 50 years!

So Please don’t feel ashamed as yet Dear Rahul.. For Mayawati is only using the Land Acquisition Bill which your party had itself used to LOOT the Farmers many times in the Past!

WHY DIDN’T YOUR PARTY CHANGE THE BILL WHEN IT WAS IN POWER FOR SO LONG?

Not that I Endorse what Mayawati is doing.. What Mayawati is doing is Unacceptable..

But the past actions of your party and your recent comments, puts a question mark on your INTENT and CONSISTENCY.

YOU REALLY WANT TO FEEL ASHAMED

But don’t be disappointed, I would give you ample reasons to feel ashamed…

You really want to feel Ashamed..?

First Ask Pranav Mukherjee, Why isn’t he giving the details of the account holders in the Swiss Banks.

Ask your Mother, Who is impeding the Investigation against Hasan Ali?

Ask her, Who got 60% Kickbacks in the 2G Scam ?

Kalamdi is accused of a Few hundred Crores, Who Pocketed the Rest in the Common Wealth Games?

Ask Praful Patel what he did to the Indian Airlines? Why did Air India let go of the Profitable Routes ?

Why should the Tax Payer pay for the Air India losses, when you intend to eventually DIVEST IT ANYWAY!!!

Also, You People can’t run an Airline Properly. How can we expect you to run the Nation?

Ask Manmohan Singh. Why/What kept him quiet for so long?

Are Kalmadi and A Raja are Scapegoats to save Big Names like Harshad Mehta was in the 1992 Stock Market Scandal ?

Who let the BHOPAL GAS TRAGEDY Accused go Scot Free? ( 20,000 People died in that Tragedy)

Who ordered the State Sponsored Massacre of SIKHS in 84?

Please read more about, How Indira Gandhi pushed the Nation Under Emergency in 76-77, after the HC declared her election to Lok Sabha Void!

(I bet She had utmost respect for DEMOCRACY and JUDICIARY and FREE PRESS)

I guess you know the answers already. So My question is, Why the Double Standards in Judging Mayawati and members of your Family and Party?

I condemn Mayawati. But Is She the only one you feel Ashamed for?

What about the ones close to you? For their contribution to the Nation’s Misery is beyond comparison.

You talk about the Land being taken away from the Farmers. How many Suicides have happened under your Parties Rule in Vidarbha ? Does that Not Ashame You ?

THE 72,000 CRORE LOAN WAIVER

Your Party gave those Farmers a 72,000 Crore Loan Waiver. Which didn’t even reach the Farmers by the way.

So, Why don’t you focus on implementing the policies which your govt. has undertaken, instead of earning brownie points by trying to manufacture consent by bombarding us with pictures of having food with Poor Villagers….

You want to feel ashamed. You can feel ashamed for your Party taking CREDIT for DEBITING the Public Money (72,000 crores) from the Government Coffers and literally Wasting it…

You want to feel ashamed.. Feel ashamed for that…

WHY ONLY HIGHLIGHT THIS ARREST?

Dear Rahul, to refresh your memory, you were arrested/detained by the FBI the BOSTON Airport in September 2001.

You were carrying with you $ 1,60,000 in Cash. You couldn’t explain why you were carrying so much Cash.

Incidentally He was with his Columbian girlfriend Veronique Cartelli, ALLEGEDLY, the Daughter of Drug Mafia.

9 HOURS he was kept at the Airport.

Later then freed on the intervention of the then Prime Minister Mr.Vajpayee.. FBI filed an equivalent of an FIR in US and released him.

When FBI was asked to divulge the information, by Right/Freedom to Information Activists about the reasons Rahul was arrested … FBI asked for a NO OBJECTION CERTIFICATE from Rahul Gandhi.

So Subramaniyam Swami wrote a Letter to Rahul Gandhi, ” If you have NOTHING to HIDE, Give us the Permission”

HE NEVER REPLIED!

Why did that arrest not make Headlines Rahul? You could have gone to the Media and told, ”I am ashamed to call myself an INDIAN?”.

Or is it that, you only do like to highlight Symbolic Arrests (like in UP) and not Actual Arrests ( In BOSTON)

Kindly Clarify…..

In any case, you want to feel ashamed, Read Along…

YOUR MOTHER’S SO CALLED SACRIFICE OF GIVING UP PRIME MINISTER SHIP in 2004.

According to a Provision in the Citizenship Act.

A Foreign National who becomes a Citizen of India, is bounded by the same restrictions, which an Indian would face, If he/she were to become a Citizen of Italy.

(Condition based on principle of reciprocity)

[READ ANNEXURE- 1&2]

Now Since you can’t become a PM in Italy, Unless you are born there.

Likewise an Italian Citizen can’t become Indian PM, unless He/She is not born here!

Dr. SUBRAMANIYAM SWAMI (The Man who Exposed the 2G Scam) sent a letter to the PRESIDENT OF INDIA bringing the same to his Notice. [READ LETTER TO THE PRESIDENT IN ANNEXURE -3]

PRESIDENT OF INDIA sent a letter to Sonia Gandhi to this effect, 3:30 PM, May 17th, 2004.

Swearing Ceremony was scheduled for 5 PM the same Day.

Manmohan Singh was brought in the Picture at the last moment to Save Face!!

Rest of the SACRIFICE DRAMA which she choreographed was an EYE WASH!!!

Infact Sonia Gandhi had sent, 340 letters, each signed by different MP to the PRESIDENT KALAM, supporting her candidacy for PM.

One of those letters read, I Sonia Gandhi, elected Member from Rai Bareli, hereby propose Sonia Gandhi as Prime Minister.

So SHE was Pretty INTERESTED! Until She came to know the Facts!

So She didn’t make any Sacrifice, It so happens that SONIA GANDHI couldn’t have become the PM of INDIA that time.

You could be Ashamed about that Dear Rahul!! One Credential Sonia G had, Even that was a HOAX!

THINK ABOUT YOURSELF.

You go to Harvard on Donation Quota. ( Hindujas Gave HARVARD 11 million dollars the same year, when Rajiv Gandhi was in Power)

Then you are expelled in 3 Months/ You Dropped out in 3 Months…. ( Sadly Manmohan Singh wasn’t the Dean of Harvard that time, else you might have had a chance… Too Bad, there is only one Manmohan Singh!)

Some Accounts say, You had to Drop out because of Rajiv Gandhi’s Assassination.

May be, But Then Why did you go about lying about being Masters in Economics from Harvard .. before finally taking it off your Resume upon questioning by Dr. SUBRAMANIYAM SWAMI (The Gentlemen who exposed the 2G Scam)

At St. Stephens.. You Fail the Hindi Exam.

Hindi Exam!!!

And you are representing the Biggest Hindi Speaking State of the Country?

SONIA GANDHI’s EDUCATIONAL QUALIFICATIONS

Sonia G gave a sworn affidavit as a Candidate that She Studied English at University of Cambridge

[SEE ANNEXURE-6, 7_37a]

According to Cambridge University, there is no such Student EVER! [ SEE ANNEXURE -7_39]

Upon a Case by Dr. Subramaniyam Swami filed against her,

She subsequently dropped the CAMBRIDGE CREDENTIAL from her Affidavit.

Sonia Gandhi didn’t even pass High School. She is just 5th class Pass!

In this sense, She shares a common Educational Background with her 2G Partner in Crime, Karunanidhi

You Fake your Educational Degree, Your Mother Fakes her Educational Degree.

And then you go out saying, ” We want Educated Youth into Politics!“

Letters sent by Dr. Swami to EC and then Speaker of Lok Sabha are in ANNEXURE 7_36 &7_35 RESPECTIVELY

Contrast that with Gandhi Ji , who went to South Africa, Became a Barrister, on Merit, Left all that to work for South Africa, then for the Country….

WHY LIE ABOUT EDUCATIONAL CREDENTIALS?

Not that Education is a Prerequisite for being a great Leader, but then you shouldn’t have lied about your qualifications!

You could feel a little ashamed about Lying about your Educational Qualifications. You had your reasons I know, Because in India, WE RESPECT EDUCATION!

But who cares about Education, When you are a Youth Icon!!

YOUTH ICON

You traveled in the Local Train for the first time at the Age of 38.

You went to some Villages as a part of Election Campaign.

And You won a Youth Icon!! … That’s why You are my Youth Icon.

For 25 Million People travel by Train Everyday. You are the First Person to win a Youth Icon for boarding a Train.

Thousands of Postmen go to remotest of Villages. None of them have yet gotten a Youth Icon.

You were neither YOUNG Nor ICONIC!

Still You became a Youth Icon beating Iconic and Younger Contenders like RAHUL DRAVID.

Shakespeare said, What’s in a Name?

Little did he knew, It’s all in the Name, Especially the Surname!

Speaking of Surname, Sir

DO YOU REALLY RESPECT GANDHI, OR IS IT JUST TO CASH IN ON THE GOODWILL OF MAHATMA?

Because the Name on your Passport is RAUL VINCI.

Not RAHUL GANDHI..

May be if you wrote your Surname as Gandhi, you would have experienced, what Gandhi feels like, LITERALLY ( Pun Intended)

Your Mother’s Indian Citizenship is in the name of ANTONIA MAINO, not SONIA GANDHI

You People don’t seem to use Gandhi much, except when you are fighting Elections. ( There it makes complete sense).

Imagine fighting elections by the Name Raul Vinci…or Antonia Maino….

It feels sadly Ironic, Gandhi Ji, who inspired Icons like Nelson Mandela ,Martin Luther King Jr. and John Lennon, across the world, Couldn’t inspire members of his party/ Nehru’s Family, who only seem to use his Surname for the purposes of FIGHTING ELECTIONS and conveniently use a different name on their PASSPORT.

You use the name GANDHI at will and then say, ” Mujhe yeh YUVRAJ shabd Insulting lagta hai! Kyonki aaj Hindustan mein Democracy hai, aur is shabd ka koi matlab nahin hai!

http://www.youtube.com/watch?v=FVFelgb136s [ 0:36 Seconds onwards ]

YUVRAJ, Itna hi Insulting lagta hai, to lad lo RAUL VINCI ke Naam se!!! Jin Kisano ke saath photo khinchate ho woh bhi isliye entertain karte hain ki GANDHI ho.. RAUL VINCI bol ke Jao… Ghar mein nahin ghusaenge!!!

You could feel ashamed for your Double Standards.

YOUTH INTO POLITICS.

Now You want Youth to Join Politics.

I say First you Join Politics.

Because you haven’t Joined Politics. You have Joined a Family Business.

First you Join Politics. Win an Election fighting as RAUL VINCI and Not Rahul Gandhi, then come and ask the youth and the Educated Brass for more involvement in Politics.

Also till then, Please don’t give me examples of Sachin Pilot and Milind Deora and Naveen Jindal as youth who have joined Politics..

They are not Politicians. They Just happen to be Politicians.

Much Like Abhishek Bachchan and other Star Sons are not Actors. They just happen to be Actors (For Obvious Reasons)

So, We would appreciate if you stop requesting the Youth to Join Politics till you establish your credentials…

WHY WE CAN’T JOIN POLITICS!

Rahul Baba, Please understand, Your Father had a lot of money in your Family account ( in Swiss Bank) when he died.

Ordinary Youth has to WORK FOR A LIVING.

YOUR FAMILY just needs to NETWORK FOR A LIVING

If our Father had left thousands of Crores with us, We might consider doing the same..

But we have to Work. Not just for ourselves. But also for you. So that we can pay 30% of our Income to the Govt. which can then be channelized to the Swiss Banks and your Personal Accounts under some Pseudo Names.

So Rahul, Please don’t mind If the Youth doesn’t Join Politics. We are doing our best to fund your Election Campaigns and your Chopper Trips to the Villages.

Somebody has to Earn the Money that Politicians Feed On.

NO WONDER YOU ARE NOT GANDHI’S. YOU ARE SO CALLED GANDHI’S!!

Air India, KG Gas Division, 2G, CWG, SWISS BANK Account Details… Hasan Ali, KGB., FBI Arrest..

You want to feel ashamed..

Feel Ashamed for what the First Family of Politics has been reduced to…

A Money Laundering Enterprise.

NO WONDER YOU ARE NOT GANDHI’S BY BLOOD. GANDHI is an adopted Name. For Indira didn’t marry Mahatma Gandhi’s Son.

For even if you had one GENE OF GANDHI JI in your DNA. YOU WOULDN’T HAVE BEEN PLAGUED BY SUCH ‘POVERTY OF AMBITION’ ( Ambition of only EARNING MONEY)

You really want to feel Ashamed.

Feel Ashamed for what you ‘ SO CALLED GANDHI’S‘ have done to MAHATMA’S Legacy..

I so wish GANDHI JI had Copyrighted his Name!

Meanwhile, I would request Sonia Gandhi to change her name to $ONIA GANDHI, and you could replace the ‘R’ in RAHUL/RAUL by the New Rupee Symbol!!!

RAUL VINCI : I am ashamed to call myself an Indian.

Even we are ashamed to call you so!

P.S: Popular Media is either bought or blackmailed, controlled to Manufacture Consent!

My Guess is Social Media is still a Democratic Platform. (Now they are trying to put legislations to censor that too!!)

Meanwhile, Let’s ask these questions, for we deserve some Answers.

For we are all Gandhi’s. For Bapu is the Father of the Nation!

To know more, Try looking for Dr. SUBRAMANIYAM SWAMI. He is the reason today 2G SCAM is being Investigated!!!

YOURS SINCERELY