human rights

Appeal to International Court of Justice

S.O.S e – Voice For Justice – e-news weekly
Spreading the light of humanity & freedom

Editor: Nagaraj.M.R.. Vol.07..Issue.30……..23 / 07 / 2011

SHAME SHAME to SUPREME COURT of INDIA

Editorial : An Appeal to Honourable United Nations Human Rights High Commissioner & Honourable International Court of Justice

Dear Madam / Sir ,

SUBJECT : HUMAN RIGHTS VIOLATIONS BY GOVERNMENT OF INDIA & SUPREME COURT OF INDIA

I have individually suffered numerous human rights violations , injustices by public servants working for government of India when I raised my voice seeking justice for my fellow countrymen . for the society. These public servants are involved in crimes like aiding & abetting terrorism , underworld , manslaughter , etc. when I appealed to the supreme court of India seeking justice , they have turned their blind eye. As a result more injustices are being committed till date. Even the police are not registering the complaint against these guilty public servants. Police & Supreme Court Judges in league with CRIMINALS , ANTI NATIONALS , TERORRISTS ?

In India , some Parliamentarians take money for even raising Questions in parliament , favorable laws / government rules are enacted to favor rich criminals (refer 2G & Nira Radia scam). Police for a price manipulate evidence , prematurely close case , fix innocent & mete out 3rd degree torture , murder in the name of encounter . Public prosecutor can change the way of argument , etc for a price. Even judges in India give favorable judicial orders for money , SEX , post retirement benefits , etc. please refer details at following web pages :

http://sites.google.com/site/eclarionofdalit/court-judgements-fixed ,

http://sites.google.com/site/eclarionofdalit/3rd-degree-torture-by-indian-police ,

http://sites.google.com/site/eclarionofdalit/court-judgements-for-a-price

I have not got justice till date , instead I have suffered physical assaults , murder attempts on me , my newspaper was illegally clamped down , my job opportunities were illegally snatched away (cutting off the source of livelihood). I have been threatened by police that I & my family members will be fixed up in criminal cases (false implication) & will be behind the bars for rest of our life. I have been refused proper medical care in government hospitals , so that I will die sooner . All these Injustices are meted out at the hands of criminal nexus of CRIMINAL – POLICE – JUDGE – BUREAUCRAT – MP / MLA .

Democracy is the best form of governance. My motherland India is one of the greatest country. However Criminals have entered into halls of parliament , criminals have become judges , criminals have become police , almost total criminalization of public service has taken place. These criminals are framing laws for the masses much against the democratic aspirations of the masses. Criminal judges are relying on these laws made by criminals & sending innocents to gallows . Criminal Police are making deals with criminals & arresting , torturing innocents.

Still very few HONEST people are left in public service – Parliament , Judiciary & Police , However they are keeping mum. My struggle is not against the government of India or it’s constitutional bodies rather it is against the corrupt people who are in those bodies . I do have whole hearted respects for the government of India & it’s constitutional bodies , But I despise the corrupt people over there in those institutions. Our system is good , many of the people working there are not good. It is struggle against those corrupt people , to save our democracy , to save our freedom.

Hereby , I do request your honourableselves Honourable United Nations Human Rights High Commissioner and Honourable International Court Of Justice , to order the Honourable Supreme Court of India , Government of India to do it’s constitutional duties properly , to safeguard the human rights of all and to provide justice in the matter. Thanking You.

Date : 15th July 2011 ……………………………..Your’s Sincerely ,

Place : Mysore , India………………………………Nagaraj . M . R .

9/11 , 26/11 – SIGN TO LEGALLY PROSECUTE SPONSORERS OF
TERRORISM

Visit , read the petition & support by signing the petition demanding LEGAL PROSECUTION OF SPONSORERS OF TERRORISM

http://www.thepetitionsite.com/1/911-2611—prosecute-the-sponsorers-…
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http://www.petitionspot.com/petitions/sponsor
,

Visit , read the petition & support by signing the
petition demanding ACCOUNTABILITY OF INDIAN JUDGES & POLICE.

http://www.thepetitionsite.com/4/accountability-of-indian-judges#sign…
,

http://www.petitionspot.com/petitions/judge
,

MEGA FRAUD BY GOVERNMENT OF INDIA – Rs 85 000 crore tax arrears waiver + non performing assets of banks to the tune of Rs. 200 000 crore
– An appeal to Honourable Supreme Court of India

India has become an IT power , taken giant strides in the field of science & technology. More & more MNCs are investing in India. However due to our skewed , corrupt economic system , lack of accountability on the part of corporates & public servants – a wide chasm has been created between the ultra rich & the poor , the fruits of development has all been usurped by the rich & mighty. This is the basic reason for growth of black economy , growth of naxalism , terrorism & underworld in India. As per a recent study by UN organization , majority of Indians ie more than 50 crore Indians are barely sustaining on Rs.13 per day earnings , a whole family depends upon Rs.13 , they are struggling to get just single meal per day. People are starving to death , farmers are committing suicides , people are selling their own children for a bag of grains. Whereas , corporate biggies , public servants are leading luxurious lifestyles , having big parties full of drinks , non-veg foods not at their papaa’s expense but at the expense of public exchequer , out of the tax dues , loan repayments cheated to the public exchequer.

The banks insist on matching collateral security even for self employment / educational loans by poor for an amount of Rs.5000. if the loans are not paid in time , rowdies / recovery agents are sent by banks to collect the amount by muscle power. As a final step , banks auction-off properties of collateral security to recover it’s dues. Even, the tax authorities mercilessly extract tax dues to the last penny from the middle class.

The same banks, overestimate the project cost of corporates , overestimate the project feasibility & it’s worth and coolly extend hundreds of crores of rupees loans without matching collateral security. The banks extend overdraft facilities without matching collateral securities , to these corporates. When loans are not repaid, no rowdies are sent by banks. The promoters , directors of such tainted corporates drain – off the companies resources cunningly through insider trading , finally making the company sick. Such companies don’t pay taxes , electricity bills , water bills , etc properly to respective authorities. The authorities are deaf , dumb & blind to all these actions of such corporates. At the end , banks write-off such loans as non performing assets (NPA) & file case before courts for recovery of dues. Even if the properties of collateral security are auctioned-off dues cann’t be fully realized. Finally public money is swindled . ALL THIS IS POSSIBLE DUE TO THE CONNIVANCE OF KEY BANK OFFICIALS , TAX OFFICIALS WITH CRIMINAL CORPORATES SINCE THE INCEPTION OF SUCH COMPANIES . THIS ALSO POSES UNFAIR COMPETITION TO HONEST CORPORATES. How to stop this ? by making corporate accountability ,accountability of bank , tax officials more stringent with penal provisions . afterall , they are playing with public money not their papa’s property.

Already , by the connivance of public servants , bank , tax officials we have witnessed many scams like harshad Mehta , ketan parekh , hawala , etc and more than Rs. 2000000 crore NPAs are on the books of the banks. Now, the government of India is planning to waive-off tax arrears of corporates to the tune of Rs.85000 crore , why ? read vijaya Karnataka kannada daily dated 04th January 2007. just look at this in the backdrop of “QUESTIONS FOR MONEY BY SOME MPs” and “MP LOCAL AREA DEVELOPMENT FUND ALLOCATION FOR A PRICE SCANDAL”. The government is always unresponsive , careless towards the sufferings of poor , however it is always on toes to help out corporates that too criminal ones but not honest corporates. Why ?

HRW has extended it’s services to GOI months back itself , to apprehend tax thieves , till date there is no reply from GOI , why ?

Hereby , HRW requests the Honourable Supreme Court of India to order GOI ,

to make necessary amendments to companies act , to make the promoters , directors of the corporates personally accountable for all their actions.
to constitute committees consisting of public persons with powers to scrutinize & verify all the actions of corporates for insider trading like – selling products , materials , shares to their sister concerns at discounted prices or buying products , materials , shares from their sister concerns at inflated prices or lending loans at discount rates to their sister concerns or taking loans from their sister concerns at high rate of interest or loaning materials , machines to their sister concerns , etc.
to constitute committees consisting of public persons , to scrutinize & verify the annual personal tax returns filed by key bank officials & tax officials , who have amassed riches & leading luxurious life styles much beyond the scope of their legal known sources of income.
to recover all tax dues , loan dues , etc from the corporates from the personal properties , wealth of promoters , directors of such companies.
to put behind bar the key bank officials who have helped the corporates in swindling public money by overestimating project viability , worth and by overlooking the insider trading of promoters and still extending loans to them.
to put behind bars tax officials who have helped such corporates in swindling public money.
to take all the necessary help from public like as services extended by HRW in apprehending tax thieves.
to recover & protect public money at any cost.

to confiscate all money , properties possessed by directors of such criminal corporates & properties of corrupt bank , tax officials , public servants.

ARE YOU SINCERELY READY TO CATCH TAX THEIVES ?
– AN APPEL TO UNION FINANCE MINISTER & KARNATAKA STATE FINANCE MINISTER

In india , tax compliance is worse. In our criminal justice system, there is rigorous imprisonment for a pick-pocketer stealing Rs.10. even the authorities spend thousands of rupees in legally prosecuting him & the thief spends a year or more as punishment behind bars. Where as there is no commensurate investigation nor legal prosecution nor punishment for corporate thieves , evading tax to the tune of crores of rupees. In contrast, those tax thieves pay a part of that booty to the ministers & political parties and get crores of rupees tax exemptions , incentives from the government. Government is rewarding corporate criminals.
The tax officials of central & state governments are hand in glove with these corporate criminals & traders. For a price, they are helping corporates & traders in evading tax. Most of the tax officials are wealthy & leading luxurious lifestyles , much beyond the scope of their legal income. The black money thus generated every year by tax evasion , is many times more than our total annual budget allocation. As a result, all our fiscal reforms fail & inflation is soaring. This black money is the source of illegal funding of political parties , terrorist outfits & underworld. It is a greater threat to national unity & integrity.
Both the central government & karnataka state government have failed to collect the full , actual tax dues from corporates & traders. As a result , the governments don’t have enough money in their coffers even to provide basic needs like health care , education , safe drinking water , etc to the poor & needy. For every Rs.100 tax evaded , one poor patient is dying without medical care , 10 poor persons lack education , 100 persons don’t get safe drinking water , 100 persons barely survive on a single piece meal per day , 20 persons starve. Most of The government officials , ministers & people’s representatives who have deliberately failed in their duties of tax collection & welfare of poor citizens , SHAMELESSLY indulge in luxurious lifestyle at the expense of poor tax payer . they live in paltial bungalows , chauffer driven AC cars , all living food expenses paid by exchequer , dine at 5-star hotels , only drink bottled mineral water , eat non-vegetarian dishes , drink alcohol sitting before mahatma gandhi’s photograph & preaching mahatma’s ideals. Mahatma preached & practiced simple living , vegetarianism & he was teto teller , he paid for his expenses from his earnings . these public servants are parasites , who are making merry at the expense of tax payer.
Some non government organisations ( NGO) have formed trusts and under the aegis of those trusts are running educational institutions , hospitals , community halls , etc , in the name of providing free / subsidised services like education , health care , etc to the poor. It is only in record books , they conduct fake medical camps , self employment training camps . in practice they are running these educational institutions , hospitals & community halls as commercial enterprises & collecting huge fees. they are not even remitting full fees collected to the trust account & swindling the money. no outsider is allowed to become a member of these NGOs , only their cronies & their family members are in these trusts.
Numerous NGOs promoted by religious bodies , mutts are swindling public & government money to the tune of crores of rupees. Nobody dares to question the heads , pontiffs of these mutts , as at his feet VVIPs , ministers fall down. These religious bodies are hot beds of fundamentalism , terrorism & mafia. Hwere is the accountability of religious bodies & political parties in in india ?
Inspite of bringing specific cases to the notice of authorities , they are mum ? hereby , HUMAN RIGHTS WATCH offers it’s services ( subject to conditions ) to the governments of india & karnataka , in apprehending the criminals – tax evaders. Are you ready ? If you are ready to do your duty look into the following cases , take appropriate action & kindly inform me about the outcome.

SCANDALS OF MOBILE PHONES & IT’S CURRENCY SALES IN INDIA

IMEI No is the unique identification of each mobile phones. It has helped police in tracking criminals , terrorists , kidnappers , etc. however nokia India & tata indicom cos are selling mobile handsets without IMEI Nos, which is a good news for criminals , bad news for the public & the government. The authorities can refer the case details of case no: CD 49/05 before the honourable consumer disputes redressal forum , mysore. Also, without mention of IMEI No in the sales bill , phones cann’t be tracked. The mobile currencies are sold without bills. A part of that currency is tax payable to the government. Mobile cos are getting that tax money from customers but are not remitting the same to the government. As the currency sales are without bill government cann’t track it’s actual tax dues. This is a huge scandal 100 times bigger than bofors to the tune of hundreds ofcrores. A part of this black money is funding criminals , underworld & terrorist outfits.What TRAI is doing , sleeping ?REQUEST TO TRAI for following information
1. what are the total number of subscribers of each mobile phone service provider both CDMA & GSM yearwise since 1998 till date ?
2. what are the total number of handsets sold since 1998 till date yearwise ? give split figures for CDMA & GSM handsets ?
3. What is the total value of currencies sold by each mobile phone service provider yearwise since 1998 till date ? give split figures for each company?

REQUEST FOR INFORMATION AS PER PROVISIONS OF RTI ACT
– An appeal to tax authorities

ABOUT MOBILE PHONE SCANDALS
Case no.1 : in the year 2004 , dealer for tata indicom mobile phone service M/S INTOTO COMMUNICATIONS , kalidasa road , vv mohalla , mysore sold a nokia 2280 mobile hand set to a customer for Rs.4000 along with mobile phone connection ( bill no.41 dt 25/09/2004 ). On the box of the mobile hand set , MRP is mentioned as Rs.5799 , so either the dealer is selling the handset at discount or there is over invoicing the cost of product during import. However there is no mention of discount in the sales bill. There was no mention of 15 digit IMEI number nor there was warranty card . all these proved that , the dealer is dealing in illegal handsets either smuggled , stolen or seconds and selling them to customers as brand new genuine ones.
The matter went before the honourable consumer disputes redressal forum , mysore and the honourable forum acknowledged the illegality of the handset & ordered the dealer to refund the money with costs to the customer. The dealer has complied with the order ie accepted his wrongdoing. ( Case no : CD 49/2005 ). The issue was brought up before the CBDT , CBEC & CCT , till date no action why ?
Case no.2 : on 18/06/2006 , M/S Rajhans Novelties , surya bakery circle , hebbal , mysore – dealer for reliance mobile phones has sold a mobile connection together with handset for Rs.2060 . on the outer box of the handset cost is mentioned as MRP Rs.4000 , however he has sold it for Rs.1265 . also, the dealer has not stated the cost of lifetime voucher ie Rs.795 in the sales bill ( bill no : 1017 dt 18/06/2006 ) , there is no mention of discount in the sales bill . it is a clear case of either over invoicing of the product during import or sale of illegal handsets. The reliance infocom is not even responding to my queries & requests for written confirmation of 10 year validity. Why ? there is something amiss here .
Hereby , i do seek following information under the provisions of RTI ACT from ,the chairman of central board of excise & customs , chairman of central board of direct taxes , government of india & the commissioner , commercial taxes , government of karnataka :
1. is the handset sold through bill no:41 dt 25/09/2004 by m/s INTOTO communications , kalidasa road , vv mohalla mysore genuine one ? how much excise , customs duty & commercial taxes has been paid towards it’s import & sales ?
2. is the handset sold through bill no:1017 dt 18/06/2006 , by m/s Rajhans novelties , surya bakery circle , hebbal mysore , genuine one ? how much excise , customs duty & commercial taxes has been paid towards it’s import & sales ? specific figures needed.
3. Why the amount of life time voucher is not shown in sales bill ? why neither the company reliance infocom or it’s dealer is not giving written confirmation of 10 year incoming phone service validity inspite of collecting Rs. 795 ?
4. every business transaction needs a bill. Then why don’t the sellers of mobile phone currencies , life time cards , activation cards are not giving bills ?
5. also in these currencies , a part of currency ie money is deducted as tax by the mobile companies. Are they passing on those deducted tax amounts to the government ? when there is no track back on the sales of mobile currencies , how the government collects it’s rightful tax dues ?
6. how you are monitoring the growing riches of tax officials year after year ?
there is a huge scandal under the belly of mobile phone market , but the tax officials are mum . why ? HRW offers it’s services in apprehending tax thieves , are you ready ?

RELIANCE INDUSTRIES LIMITED – WHERE IS ACCOUNTABILITY?

Dear mukesh & anil ambani,

The reliance industries has always got a favourable treatment from the state & central governments.there are allegations that ,
1.years ago, the central government gave import concessions for import of certain raw materials of textile sector ,which hugely benefitted the P.F.Y & TEXTILE projects of your’s ie reliance industries.
2.the O.N.G.C which has painstakingly surveyed the oil & gas reserves & prepared a list of lists,gave that list & you got godavari basin oil & gas project from the government .O.N.G.C could have developed it & earned millions.
3.few months back you were charged both by the government & cellular operators (GSM) that you are giving S.T.D & ROAMING FACILITIES to your reliance phone subscribers.your’s was only a W.L.L. they even claimed that you are misusing a legal loophole & causing crores of losses to the government & other GSM operators. however while the issue was before the T.R.A.I, the trai legalized your actions by announcing unified licence for telecom operators.
4.now you are charged by the government of re-routing ISD CALLS as local calls,thereby causing crores of losses to the government & BSNL.this time also you may get the reprieve from the government. the government ,if a commonman does not pay his electric bills in time slaps interest & cuts down the electric supply immediately.
however the same government ,even if your company has been alleged of causing crores of rupees losses to the government & other players, always enacts favourable laws for you like a SANTA CLAUS.
WILL YOU PLEASE CLARIFY mr.mukesh ambani & mr.anil ambani?
the TRAI announced unified licence regime in haste that too with retrospective effects.so all the charges against reliance were dropped. in the same vein as unified licence got retrospective effect , why not the government re-imburse the differece amount out of hefty fees collected from other cellular operators ? take the reliance fees as bench mark.anyway , finally commonman is the looser.

QUESTIONS FOR MONEY – PARLIAMENTARY ACTS/LEGISLATIONS FOR ???? -improper functioning of democracy in india

the vohra committee report has proved the criminalisation of politics in india. There are many number of criminals in the parliament & state legislatures. Some of those criminals are cabinet ministers as well as members of vital parliamentary committees. Thereby, they are in a position to manipulate , enact laws favouring , benefitting the criminals their cronies.
Just see how the GOI gave export incentive of Rs.1800 crore to reliance petroleum although it didn’t even export a barrel. Reliance infocom & tata teleservices were CDMA mobile service providers & have paid license fee of few crores only equal to landline fees without any competitive bidding . They were supposed to provide mobile service to operate like fixed phones within a radius of 40k.m. however they were providing service like mobile service from one state to another like GSM mobile service providers. By this act of RIC & TTSL , the GSM providers who have paid thousands of license fee in competitive bidding were economically hurt , the dispute went to court. The court was on the verge of pronouncing it’s verdict awarding damages worth Rs.18000 crore to GSM players & Rs. 3000 crore of license fees with penalty to GOI. The government announced a unified telecom license regime with retrospective effect. Thereby, the GOI lost thousands of crores of rupees & the share holders of GSM players lost thousands of crores. Onceagain the RIC was charged by PSU bsnl THAT RELIANCE IS RE-ROUTING INTERNATIONAL CALLS AS LOCAL CALLS & SWINDLING THE GOI. This time too, GOI bailed it out. during the dispute between ambani brothers the younger ambani mr. Anil ambani director of reliance himself has stated that for the favours received from the GOI , the company gifted some shares to then IT & COMMUNICATIONS MINISTER mr. Pramod mahajan.
Various indian & multinational companies are looting indian exchequer to the tune of thousands of crores of rupees , through lobbying / bribing.
In india, indirect democracy is the form of governance. In this form, people’s representatives are bound to raise the questions , issues concerning their constituents on their behalf , on the floor of the house. However the sad part in india even after 58 years of democracy , is the lobbying is at it’s peak. The lobbying is a gentleman’s white collared crook’s way of forming favour seeker’s group , creating a corpus to pay lumpsum bribe & influencing decision making. The people’s representatives are bound to represent their people first , then their party & party think tanks. India has come to this sorry state of affairs , widespread corruption , huge black economy & rampant poverty, all due to inefficient legislations & enforcements. These think tanks & IAS lobby, consider themselves as most super brains on earth & gives out suggestions . the present state of affairs is a barometer of their brilliance. These think tanks & IAS lobby are the hand maidens of lobbyists / bribers.

Now consider the following example : Mr.raj gandhi is a member of parliament from mandya constituency in karnataka state. He is a MBA graduate & member of ruling indian progressive party. The multinational giant M/S GREY HOUND CORPORATION wants to enter into paper manufacturing business in india. It’s sight falls on the public sector paper giant mandya national paper mills ( MNPM) in mandya district of karnataka. The MNC effectively lobbies with the government. The ruling party think tank & the cabinet advisory group recommends to the government to make strategic disinvestment in the PSU M/S MNPM. They bring out graph with full power point presentation stating that it is good for the company as well as the government. The lobbyists follows it up with media reports on the positive aspect of strategic disinvestment. A favourable impression is created in the minds of literate public. The cabinet committee okays it.
The ” strategic dis investment issue ” comes before the parliament for legislation / approval. The ruling party issues a party whip to it’s members to vote in favour of dis investment. However M.P mr.raj gandhi who is an MBA in his own wisdom also favours the dis investment. However ,most importantly the constituents – people in mandya parliamentary constituency through protest marches , mass post card campaigns lakhs in numbers expresses their disagreement with the dis investment & urges their MP mr.gandhi to vote against the disinvestment legislation.
On the D-day in parliament , mr. Raj gandhi as per his party whip & his own wisdom votes in favour of strategic disinvestment legislation, much against the wishes of his people , constituents & mis represents them in parliament. the democracy has failed here. in This way democracy is being derailed since 58 years in india.
In democracy, party whip , MP or MLA’s own wisdom / brilliance, think tank & IAS lobby recommendations are all secondary , the constituent’s of his constituency , people’s wishes aspirations are of primary importance & supreme. What people need is a honest representative, who simply delivers the people’s aspirations on the floor of the house back & forth , without superimposing it with his own ideas & party ideas. For true democracy , the people’s representatives must be true postmans.
Towards this end , the people must be educated about their democratic rights & responsibilities. This is an appeal to the honest few in the parliament & state legislatures to weed out their corrupt colleagues , lobbyists, to uphold the dignity of the house & to install democracy in it’s true form.

THREAT TO INDIA’S SECURITY BY CORPORATE CRIMINALS
– An appeal to honourable prime minister of india & honourable chief minister of Karnataka

In india , since ages certain section of people – dalits , tribals are being oppressed in the name of caste by forward caste people. The name sake independence has not changed the lives of dalits & tribals. The upper caste people were in control of government & economic sector before independence as well as after independence too. The upper caste people are now MPs , MLAs & are running businesses . they have framed rules , laws to suit their ends. They are getting bank loans , subsidies , tax cuts , etc , by greasing the palms of those in power – their own caste men. The reservation policy is just a vote winning gimmick of forward caste politicians , it is neo divide & rule policy. Only few dalits with money & contacts have benefitted , by the reservation policy of government. Majority of them are still sufferring from utter poverty & social oppression.
Now, due to rapid industrialisation & globalisation a new economic divide has taken place – rich & poor , haves & have nots. Now, economically poor are also being oppressed along with dalits. The forward caste people in government have framed laws to suit their ends , they have provided concessional priority loans , tax cuts , subsidies , etc from the government to corporate sector . The corporate sector has demanded & got monetary benefits , infrastructure facilities from the government . however the same corporates , MNCs are violating statuotary laws & are averse to social welfare measures of the government . they are averse to provide jobs to dalits , tribals & poor , why ? these corporates are bribing the labour , tax department & other government officials . as a result the government is loosing tax revenues to the tune of thousands of crores every year , the government doesn’t have money to provide social welfare measures to common people. The lives of common people are under threat. Now,
the number of common people dying due to starvation , lack of health care is more than in a war field. The threat to unity & integrity of india is more from the corporate sector than pakistan or china.
Now, the government of india & other state governments are literally under corporate control. HRW has brought to the notice of government cases of statuotary law violations by various corporate entities ,
till date no action has been taken. Why ? hereby , HRW once again offers it’s conditional services to the government of india & karnataka in apprehending corporate criminals , corrupt tax , labour , pollution control board offricials. Are you ready sir ????

COVERING-UP CORPORATE FRAUDS IN INDIA
– CORPORATE ACCOUNTABILITY & CORPORATE GOVERNANCE NEED OF THE HOUR
In India , most of the commercial ventures cheat the government of it’s rightful tax dues. As a result the governments doesn’t have enough money to carryout it’s social welfare duties – Providing health care , food , potable water to all. In turn common people are dying due to lack of health care , hunger , mal nutrition , etc. the murderers of these commoners are TAX EVADING CORPORATES , the politicians & officials keep mum by taking bribe.
Nowadays , even the underworld activities of mafia , terrorist outfits , political parties are being financed by the illegal corporate deals. Who says threat to India is from Pakistan only , it is most likely from our own entrepreneur. Till date the GOI has not put any corporate bigwigs behind bars for their crimes. The corporate lobby always clamours for flexible labour laws , credit policies as in U.S.A , but are mum about SOCIAL SECURITY NET , ENVIRONMENT POLICY & CORPORATE GOVERNANCE as in the same U.S.A. Why ?
Recently , it has been published that , in India out of vast sales of counterfeit MOVIE CDs & software CDs , underworld is funding narcotics trade , terrorist movements. It is high time the small investors , public became aware about the activities of their neighbouring businessmen / Entrepreneurs.

CORPORATE FRAUDS IN INDIA

`Forget terrorism, I want to be an accountant’ Osama Bin Laden, `quoted’ in Private Eye.
CORPORATE frauds have becomes a global phenomenon. There is a crisis of confidence arising from the failure of the pillars of the capitalist system such as the stock market, financial analyst and accountants and the investment banks.
From Harshad Mehta to Ketan Parekh and further down to Madhavapura Co-operatives in 2002, it is a familiar story of a few corporate heads indulging in creative accounting with the sole object of enriching themselves at the cost of the lower middle-class investors.
Almost every corporate giant in India has been accused of violating business ethics and indulging in corporate mis-governance. “For every fall from virtue,” confessed Mr Mukesh Ambani, “there is a seducer. Millions can be offered only when billions can be made”.
India, however, shares the distinction of being in the company of Corporate America. Enron (fraud of $591 million), WorldCom (fraud of $3.8 billion), Adelphia (off-balance sheet loans of $3.1 billion), Xerox ($6 billion) and a host of other corporates have been caught red-handed. The investment advisor, Merrill Lynch, confessed to giving false advice to the public about investments and compounded the offence by paying $100 million.
Fortune magazine displayed a table of CEOs as felons and suggested that there should be a list of 500 worst-managed corporates in the World. India will take a number of ranks in such a list if prepared.
The American scene
Despite the powerful Securities And Exchange Commission (SEC) and the Internal Revenue Service not found wanting in handing out deterrent punishments, audit firms such as Arthur Andersen and KPMG, went hand in glove with corporate houses to fudge accounts to the detriment of the public at large, which forced the US President, Mr George W. Bush, to inaugurate the new Corporate Fraud Task Force and declare: “This Government will investigate, will arrest and will prosecute corporate executives who break the law.”
“Infectious greed,” said Mr Alan Greenspan. Ralph Nader was more accurate. “It is impossible to exaggerate the super market of crimes. It is greed on steroids.” The American Congress passed a Corporate Accountability Act in July 2002. Ralph Nader suggested the setting up of a Federal Bureau of Audits to monitor the top thousand companies. As India grapples with the crises of confidence posed by the failure of so-called pillars of the capitalist system such as investment banks, analysts, accountants, and Dalal Street, it is time to rework the regulatory mechanism and ensure a fool-proof system under which conflict of interest will not arise for audit firms and there will be transparency about financial crashes. There is much in the present American scene that India can look for guidance.
In August 2002, the US Government promulgated an unprecedented order forcing top managements of hundreds of giant companies to swear by past financial results. The order covered 945 companies, including giant corporations such as AOL Time Warner and Bristol-Myers Squibb.
The SFC of UK
The British Government set up the Serious Frauds Office in 1987 to be responsible for investigating and prosecuting serious or complex frauds. The Attorney-General appoints and superintends its directors. Serious and complex fraud cases can go straight to the Crown Court without committal for trial. That Court can hold preparatory hearings to clarify issues for the jury and settle points of law. Time is of the essence of investigation and the success rate of the UK Serious Fraud Office is 71 per cent in obtaining conviction.
Even in the US, convictions are secured against CEOs within two years of the launching of prosecution. Contrast this scenario with the situation in India. Despite the constitution of Special Courts to investigate the securities fraud, no conviction has been secured.
The Indian scene
It is unbelievable that the hundreds and thousands of “whistle-blowers” from board directors to corporate insiders and the accounting firms and the credit-rating agencies were kept in the dark about the goings-on in the Indian financial world.
How did the system ensure such effective silence on the part of so many involved in the deals? How come a few corporate houses were able to rush to the UTI in time to retrieve their investments — a privilege denied to the low-level pensioners eking out their livelihood from the Monthly Income Plans? What is the JPC’s answer?
Every time a scam erupts, we seem to be satisfied with the ordering of a probe by the Joint Parliamentary Committee whose report, delivered long after the event, is consigned to the parliamentary libraries without any worthwhile action being taken
Rule of Law
We have a queer sense of the rule of law. A murder accused does not have as many chances of filing appeals in higher fora of law as financial fraudsters.
Our jurisprudence is yet to march in step and act as per the urgent needs of a society plagued by white-collar crimes. Macaulay’s Penal Code is incapable of meeting the requirements of this century.
We need a new radical jurisprudence. Financial crimes are no less heinous than the crimes dealt with by the Code of Criminal Procedure. We need a new law to tackle such financial crimes. It is a sad fact of life that the Economic Offences Courts, set up with much fanfare two decades back, have proved a damp squib.
The Government of India has set up the Corporate Governance Committee under the chairmanship of Mr Naresh Chandra, former Cabinet Secretary. The panel will no doubt examine and suggest changes in accounting practices, regulation of auditors and the supervisory mechanism for over seeing corporate Governance.
The Institute of Chartered Accountants of India cannot shirk its responsibility when so many accounting frauds are being exposed. Why is not the Indian accounting standard harmonised with the international accounting practices?
The ICAI has been dormant for several decades as can be seen from the fact that in the first two decades of the formation of the accounting standards board, the ICAI issued only 15 accounting standards; it woke up in the past two years and rushed with 12 more standards and more are in the offing.
Whereas these standards were not mandatory in the initial years SEBI has made it compulsory for the entire corporate sector to fall in line and comply with these accounting standards.
It is in this context that the need for internalising our accounting standards arises. We can also emulate the US example and establish a permanent Public Accountability Board. It is also necessary that SEBI is vested with powers similar to those enjoyed by the SEC in the US.
The Proposed Serious Frauds Office should act as a coordinator along with SEBI, the RBI, the CLB and the Union Revenue Intelligence Wing. And,finally, can we ever visualise any leading corporate fraudster in India being handcuffed for being led to jail?
Yet, that Bastion of Democracy and Rule of Law — the US — was able to haul up the founder of Adelphia Communications and his sons in handcuffs in front of a bank of television cameras.

ITC Scam – Corporate Crimes and the Indian Big Bourgeoisie

The revelation of the multicrore fraud by the Indian corporate giant, ITC by way of excise evasion and FERA violation, has put in sharp relief the hollowness of the recent rhetorics by the big bourgeoisie, viz. Swadeshi, economic nationalism etc. The company’s $100 million foreign exchange and Rs.799 crore excise-evasion fraud and the other recent findings from the raids at Shaw Wallace & Company (Rs.150 crores siphoned off by its NRI owner) and leading export house, Ganapati Exports (over Rs.85 crores of over-invoicing) focus light on the ingenuous and multifarious tricks of corporate fraud, many of which have been standardised as `prudent’ business practices.
Less than a year back, when the multinational BAT Industries, the principal non-institutional shareholder in ITC (with about 32% stakes), had first forced the then chairman KL Chugh to resign and then opposed Chugh’s man, YC Deveshwar for the post, in an attempt to gain total control over the company, the former chairman draped the tricolour and the whole bourgeoisie and the media lauded it as the heroic defiance of a `nationalist’ corporate against a `neo-colonial’ British multinational’s threats to takeover ITC. However, those who harboured these illusions have received their worst shock with the unfolding of India’s biggest EXIM fraud. Probably, greater and many more such frauds still lie unexposed. Now BAT is back in its takeover game with the takeover war getting dirtier and dirtier bringing all the corporate muck before the public glare. While the government seems to be readily obliging the multinational in its covert game, sending signals to foreign capital regarding `the level playingfield’ of a different order, the ITC top brass who tumbled down like nine pins, and their fraternity across the corporate world, have come to realise that Swadeshi can hardly come to their rescue when they have so many skeletons up their corporate boards.
But the ITC affair serves to highlight certain general characteristics of the big bourgeoisie. For one thing, it has established that corporate boards are dens of thieves. Unwilling to fight what now they describe as archaic FERA rules and regulations unsuited to the modern world of business, these corporate houses preferred to park funds outside the country illegally to carry on what they claim `normal’ business practices. Despite their clamour for liberalisation, in reality, they have one-sided preference for only certain liberalisation measures and start squealing, invoking Swadeshi invariably, the moment MNCs mount an assault for takeover, but they are little amenable to any strict framework of corporate accountability to the shareholders.
The claim on ITC due to excise fraud, along with a Rs.74 crore penalty, for just a four-year period, is the biggest excise claim ever served on a company. Excise evasion is not new to the corporate world and various corporate laws have been given the go by time and again. According to the Directorate-General of Anti-Evasion, the amount of excise evasion detected rose from Rs.562 crore to Rs.1,236 crore in the liberalisation period 1991-92 to 1995-96. This in spite of the fact that during this period excise and custom barriers have been reduced and the hold of the `suffocative’ rules loosened. But our bourgeoisie which loses no chance to adorn the `nationalist’ cloak whenever it comes to foreign takeover bid or opening up of new sectors for FDI, has been consistently devising new methods for evasions. As in the case of ITC, where the company, deliberately for years, maintained a pricing strategy that kept higher effective prices than the maximum retail prices marked on their cigarette packets. Even in the case of exporters who were allowed to import without having to apply for foreign exchange under the liberalised regime, willful violations took place like over-invoicing export bills to pick up the tax concessions on exports. About 605 such cases have been detected by the authorities in the last four years, a period when under the new tax set-offs, EXIM violations should have come down.
The ITC episode also puts a question mark on the role of financial institutions (FIs). In this particular case FIs had put their weight behind Chugh when it came to oppose BAT’s move to raise their holdings to 51% — a seemingly patriotic gesture of supporting domestic crooks for the cause of warding off `imperialism’. As a rule most of the nominees of these FIs and the supposedly watchdog bodies like SEBI and CLB sitting in the boards of these companies have remained passive and have hardly taken interest in checking the massive bungling going on in corporate houses, even though collectively they command majority stakes, 35.5% as in the case of ITC. While many FIs complain being under-staffed organisations and having lack of resources for research and investigation, the government too has deliberately pruned their powers — they cannot impose penalties on erring companies which can only be done by courts.
With majority stakes, FIs can effectively prevail over the management to impose strict business discipline. Instead, as was revealed in the case of MS Shoes, another irregularity taking place with alarming regularity has been to make FIs give loans against insufficient collaterals. It is estimated that such unsecured loans in the excess of Rs.4,000 crore lie unrecovered. With forex-starved coffers and also pressures from MNCs and specially after India’s surrender at the WTO ministerial meet, it cannot be ruled out that in the future political pressures will be exerted to bring around the FIs to ease the way for raising the stakes of foreign shareholding companies even over 51% or pave way for FIIs for full takeover. The recent SEBI norms on takeovers which describe them as a perfectly healthy business practice in a competitive economy, has already set things in that direction.
Why the crackdown now? The excise evasions which came to light way back in 1992 had been in the cognisance of the enforcement agencies since then but it took them four years to crackdown on the company now on FERA violations after going soft on massive excise frauds. The Chitalia brothers, partners in crime but subsequently fallen apart with ITC, had spilled the beans and their subsequent filing a law-suit against the latter for damages and defamation had already piled up pressure on the enforcement agencies to make the much delayed crackdown on the company. With the country witnessing activism from the judiciary and the enforcement agencies the raids at ITC offices throughout India and the arrests of 2 former chairmen and 8 executive directors, made sensational headlines and gave the impression that a generalised crackdown on corporate crimes may be in the offing.
However, to radicalise it as an Armageddon of the bourgeois state against the erring individual members of the class is wishful thinking. One, these revelations are but the tip of the iceberg of thousands of crores that the corporate crooks have swindled for years. Two, corporate crime does not take place without the sanction of politicians and bureaucrats, with whom the bourgeoisie share a reciprocal symbiosis. Deve Gowda was quick to go all out to allay fears of the industry that a spate of raids were to follow or this was a new `raid-raj’. Even a shaky Bal Thackrey was seen assuaging the fears of his corporate friends. Even at the time of VP Singh as FM, all talk of cleaning up the corporate world fizzled out after few initial raids on business houses like Kirloskars etc. Sometimes, the bourgeois state does crackdown on some individual members of the ruling class, politicians, businessmen, bureaucrats etc., and usually those who would go a bit too far, in the overall interests of the class and class rule. And the media laps this up as the widening dragnet of a neutral state though the holes are so big that the majority escape and only a few are netted. One of the biggest crooks, Reliance Industries was let off the hook recently when the CLB granted permission for compounding of all offences (28 cases out of 29) in the duplicate share certificates and share-switching scandal.
Even the press at large, though with a mild condemnation of ITC’s corrupt practices, was sympathising with ITC calling it a victim of imperialist conspiracy and wishing Deveshwar to bring back a `respectable’ and `India’s very own’ multinational back on the tracks. Most of the parties, including the left partners of UF, were rather reserved in their reactions. Instead of demanding of the government to continue with the crackdown on other corporate defaulters, some of the left MPs from CPI-CPI(M) who spoke up individually, only spoke of this as a BAT-Chitalias inspired crackdown on ITC. After all, these are the parties which theorised that Indian big bourgeoisie is opposed to liberalisation in the context of Bombay Club and it is the CPI(M) veteran EMS who characterised the UF as an alliance of communists and progressive and forward-looking bourgeoisie. The ITC experience should serve as an eye-opener for these opportunist leftists to cast away their illusions about the Swadeshi bourgeoisie and the government of the`forward-looking’ bourgeoisie. Can a bunch of crooks be the leaders of economic nationalism in India?

Crimes @ Reserve Bank of India
– An appeal to SUPREME COURT OF INDIA & central information commission

Ref no. RTI APPEAL via web DPG/B/2008/80341

RBI is a public authority , set up by an act of parliament. Numerous
irregularities , illegalities , crimes have taken place at RBI , still
it is fully covered up by those in influential positions.

Just refer “Oil for Food Money in Iraq scam ” and “ Vostro Account Scam of 1990s”. Influential people are involved , everything happened under the noose of RBI , With the connivance of RBI officials ?

We requested the CPIO of RBI HQ for information as per RTI Act ( our
letter dt 20th September 2008 ) about various issues concerning the
activities of that institution in whole. However the CPIO OF RBI HQ
through his letter no.DAPM.CO.RIA.4001/07.50.01/2008-09 dt October
03rd 2008 declined to give information citing certain ruses. ( RBI Ref
no. RIA 798/2008-09 )

He has stated that some information pertains to security press ,
nashik & note press at mysore. True , both those institutions are
fully owned subsidiaries of RBI , hence RBI is in a position to
answer. Still , RBI can transfer a copy of our RTI Application to
those authorities as per provisions of Sec 6(3) of RTI ACT 2005. CPIO
didn’t do that.

One more ruse of CPIO of RBI is that , I am seeking his views /
opinions on issues concerning RBI activities. He is wrong , I am
seeking to know the official / legal stand of RBI regarding it’s
activities for example , appointment of rowdies as loan recovery
agents by banks , etc. CPIO has failed to state the official stand
regarding various activities of RBI.

One more ruse given by CPIO of RBI is that I have raised many issues ,
to be specific 103 questions on various topics concerning RBI , giving
information on all those diverts the resources of authorities , hence
information request is denied. TRUE , information sought is many , so
do the crimes @ RBI which are also many. When compared to magnitude of
crimes @ RBI which is 3-4 times the entire budget outlays of Indian
government to the tune of crores of rupees , the resources spent to
ascertain information as per our RTI Application is just few hundreds
of rupees. When compared to the money spent by RBI officials by way of
TA / DA during their travel , etc, our information request resource
needs are peanuts.

To sum up , CPIO of RBI is hell bent to protect the criminals @ RBI
lest the truth comes into open. Hereby , we request the honourable
Supreme Court of India & central information commission to order the RBI to give us truthful
information in whole , so that justice is given to those victimized &
fat criminals are sent to gallows.

Read the article “Crimes @ RESERVE BANK OF INDIA” @ http://theftinrbi.blogspot.com/
, http://theftinrbi.rediffblogs.com/ , http://theftinrbi.wordpress.com/

WE WANT Jan Lok Pal – WE WANT Accountability of all VVIP Public Servants WE WANT TRUE VVIP Postmans , Public Servants NOT Public Masters

Mr. Chief Public Servant,

Manmohan Singh

We have suffered enough due to corruption. We are deeply hurt and disappointed with any lack of a real and meaningful solution from you and your government.

We want change, and we want accountability and we cannot wait any longer to have this! We will not vote for you if an effective anti-corruption bill is not enacted. Not the farce Lokpal Bill proposed by your government, but the peoples “Jan Lokpal Bill”. We want strict and effective punishment for the corrupt. They MUST go to jail! Or you Mr. PM, along with your party, will fall from the people’s grace. We assure you, stand by us, and we will stand by you. The opposite will also hold true.

Your government has appointed a GoM to draft the Lokpal Bill. This GoM includes –

Sharad Pawar,Veerapa Moily and Kapil Sibal. Mr. Pawar and Mr. Moily have a past of corruption and mis-deeds that the entire country if aware of. Mr. Sibal does not feel there was corruption in the 2G scam. Having these people draft the anti-corruption law – is it not an insult to the people of India? How can the corrupt be asked to draft an anti-corruption bill? We urge you to consider the choice put forth by the people – credible names such as Justice Santosh Hegde, Prashant Bhushan, Shanti Bushan and others, to be part of the committee to draft the Lokpal Bill.

Shri Anna Hazare, one of the Greatest Social Reformers India has ever seen has announced a Fast Unto Death beginning April 5th. His demands are extremely beneficial for the future of India. We urge you to immediately accept the demands of the people of India represented by the demands of Shri Anna Hazare lest the discontent among the people grows out of control.

The sentiments against rampant corruption in this country are quickly becoming as strong as those that led to the uprising in Tahrir Square. The honest and hardworking people of this country refuse to be innocent bystanders in the wholesale public looting that is taking place as you read this letter. We request your immediate and strong response to this concern of the people as corruption should be the top priority of your government. If the challenge is not met effectively and promptly, it has the potential of undermining every valuable effort made by upright citizens of this country over the last century – including you. It also has the potential of leaving your government with a legacy of shame.

Tahrir square can yet be a reality in India.

We trust you will take immediate steps to give us our solution, and not force us to take the above steps!

Citizen of India

The hawala trail

PRAVEEN SWAMI

BRITISH officials are investigating the activities of one of the most prominent overseas backers of secessionist groups in Jammu and Kashmir. Last month, the United Kingdom’s Charities Commission and the Metropolitan Police began looking into allegations that Ayub Thokar, the head of the World Kashmir Freedom Movement, had funnelled funds raised for charity to the terrorist groups.

Investigations into Thokar’s role in funding terror began after Indian officials handed over evidence in the case to their British counterparts in June. The two Indian officials from the Ministry of Home Affairs and a senior Jammu and Kashmir Police officer made available details of funds funnelled from Thokar’s charity, Mercy International, through Standard Chartered Grindlays Bank (since then renamed Standard Chartered Bank) and the Development Credit Bank. The investigators also provided transcripts of telephone intercepts and cases filed against the recipients of the funds in India.

On May 25, a long-running Intelligence Bureau operation led to the arrest of Srinagar-based journalist Imtiaz Bazaz. Officials claim that he was a key conduit for transferring funds to Hizbul Mujahideen field commanders in Jammu and Kashmir. On April 22 Bazaz had received a foreign currency remittance of Rs.4,84,875 into his account with Standard Chartered in New Delhi, and on May 15 a second remittance of Rs.14,98,000 into the Development Credit Bank. Although intelligence officials monitored the first transaction, they did not intervene, in the interest of building up evidence. The second transaction was frozen.

The funds trail led straight to Thokar. It transpired that in early 2001, Hizbul Mujahideen chief Mohammad Yusuf Shah had sent Rs.48 lakh to Jamaat-e-Islami leader Syed Salahuddin through Thokar. Subsequently, after the arrest of Jamait-ul-Mujahideen finance commander Qasim Faktu, Thokar began to finance his organisation through the terrorist’s wife, Asiya Indrabi. Most of the funds were routed through Bazaz, who arranged for the transfer of funds received in New Delhi to accounts held with the Jammu & Kashmir Bank in Srinagar. Cash was then paid to the final recipients.

Meanwhile, Income Tax Department investigations against All Parties Hurriyat Conference (APHC) leader Syed Ali Shah Geelani have started to bear fruit (Frontline, July 5, 2002). The secessionist leader claimed an annual agricultural income of Rs.10,000 in his tax returns, and also received the official pension of Rs.85,200 due to two-term MLAs – ironically enough for a man now at the cutting edge of the secessionist anti-election campaign! His expensive house in Hyderpora, however, had several cars parked there and the household was run by a personal staff of 14 people. The monthly kitchen expenses amounted to Rs.25,000. Income Tax Department searches of the Geelani home also yielded Rs.10.25 lakhs and $10,000 in cash. Income-tax officials have now decided to impose penalties of Rs.30 lakhs on Geelani, based on his estimated income over the last six years, the maximum period allowed by law. His businessman son-in-law Altaf Ahmad Shah, who allegedly used his legitimate operations to launder funds, has been slapped with a Rs.40 lakhs penalty. Failure to pay could lead to the auctioning of Geelani’s assets, including the Hyderpora home.

Separate income-tax penalties of Rs.2 crores have been imposed on businessman Abdul Rashid Saraf, who was allegedly involved in handling hawala funds sent to APHC chairman Abdul Gani Bhat. Saraf, income-tax authorities found, had failed to disclose income of Rs.3.37 crores over the last six years.

The vigour that the Income Tax Department has shown in this matter marks a welcome departure from the past. After it was driven out of Srinagar in the later 1980s by mobs that attacked income tax inspectors, the organisation had granted de-facto independence to the State. This time, two planeloads of officials flew into the Avantipora Air Force base and they were escorted to the raids by police officers. Their successes seem to have convinced the Income Tax Department that it is after all possible to play a useful role in Jammu and Kashmir.

In the U.K., both Mercy International and Thokar will now have to answer some hard questions. For one, there is no explanation why the organisation did not send supposed philanthropic donations to the several-dozen charities in Jammu and Kashmir which have clearances under the Foreign Exchange Management Act. Thokar will also have to explain how he paid for the purchase of his London home, and his regular overseas travels, given the fact that he has no ostensible means of income. India has, however, chosen not to seek Thokar’s extradition, since the fact that his wife is a U.K. national makes this outcome unlikely.

For India, British action in this case will be a key test of its loudly-advertised anti-terrorist stance. In March, sources told Frontline, Deputy Prime Minister L.K. Advani had handed over to British Foreign Secretary Jack Straw a dossier on the activities of secessionist groups in the U.K. Titled ‘Misuse of British Soil by Kashmir Expatriates Based in the U.K. for Funding Terrorism in J&K’, the document outlined many of the charges which investigations have now added substance to. Sources say the team that visited the U.K. pointed to Straw’s promises to crack down on terrorism-related money laundering, and were told that criminal prosecutions would take place in the U.K. Earlier, the U.K. successfully prosecuted two Khalistan-linked British nationals involved in backing the Babbar Khalsa International.

If funds transfers to terrorist groups are effectively cut off, it will do not a little to cripple such organisations. The reasons are simple. While it is easy to send cadres across the Line of Control, actually sustaining their activities in Jammu and Kashmir needs an elaborate financial structure. Money is needed to pay for everything from food and shelter to informants, political support and the legal defence of arrested sympathisers. Since it is impossible to lug sacks full of cash across the LoC, illegal funds transfers come into play. For many businessmen in the Kashmir Valley, holding such cash for short terms has been a profitable, risk-free enterprise. Now the penalties imposed should persuade conduits for blood-money transfers that crime does not, in fact, pay.

Al-Qaeda routing money to India via Europe

New Delhi, Mar 6: European countries are being used as hot destinations by terror group al-Qaeda to route money to India, according to a report by Peruvian Financial Intelligence Unit (FIU).

The report said the FIU had found at least one case of such suspicious transaction by al-Qaeda every month and shared them with the US investigators.

“The FIU also reports tracking cases similar to that of an OFAC-designated (US Office of Foreign Assets Control) of al-Qaeda element moving money from Europe through Lima and on to India,” the report leaked by Wikileaks, a non-profit media organisation dedicated to bringing important information to the public, quoting FIU head Enrique Saldivar disclosed.

“Asked if this al-Qaeda case was the first of its kind or they had seen similar cases before, Saldivar told NASOff that they see about one case a month,” the cable said.

The FIU receives and analyses STRs, may request additional information relevant to cases or operations related to money laundering or terrorist financing, provides Financial Intelligence Reports (FIR) to the Public Prosecutor’s Office, participates and/or requests joint investigations, and coordinates with foreign FIUs and entities.

“Of the 7,710 suspicious activity reports examined by FIU analysts in 2009, 781 resulted in financial intelligence reports sent to the Public Ministry for further processing and investigation.

“Based on these 781 intelligence reports, the FIU concludes more than 3 billion USD moved illegally through Peru”s financial sector in 2009,” it said.

“83 per cent of this amount, according to the FIU, is related to drug trafficking. The other 17 per cent is reportedly related to fiscal fraud, corruption and illegal gun dealing. Currently, 308 of these intelligence reports are at various stages of investigation and prosecution in the legal system as compared to four cases in 2008,” the cables read.

According to Saldivar, anti-money laundering efforts in Peru are hindered by several factors.

StanChart prospectus quiet about cases

Mumbai: Standard Chartered Plc, (StanChart) which is set to hit the market with the first ever issue of Indian depository receipts (IDRs) on 25 May, has not disclosed many pending cases against it for alleged violation of foreign exchange remittance norms in the draft red herring prospectus submitted to the capital markets regulator.

The alleged violations—17 transactions of drafts, one telex transfer and two cash transactions—go back to 1991-92, when the Enforcement Directorate (ED) found a series of forex violations made through the bank’s Mumbai branches to the UK.

ED is a government agency that looks into foreign exchange transactions.

The violations were discovered after ED investigated a number of banks, including Standard Chartered, in the aftermath of the Harshad Mehta scam that rocked the stock markets in 1991-92.

The ED complaint was filed in the court of chief metropolitan magistrate in Mumbai by enforcement officer S. Parvez in May 2002.

These complaints, which are still pending, charge the bank and its then chairman Rodney Galpin of “total violation” of the exchange control manual and provisions of then prevailing foreign exchange regulation norms.

Mint has reviewed copies of some of these case files.

The Issue of Capital and Disclosure Requirements (ICDR) norms, laid down by the Securities and Exchange Board of India (Sebi), require any firm floating a public issue to disclose all pending proceedings initiated for economic offences against the issuer or its directors, as well as the present status of such cases.

StanChart said that it has no “material litigation” to disclose. The bank’s spokesman Arijit De said the lender has applied the relevant materiality standard in arriving at the disclosures.

In response to an email questionnaire, he said the bank would comply with the applicable laws, regulations and international practice with regard to material information disclosure and uniformity of disclosures.

“Accordingly, in relation to disclosure on litigation, as provided under the provisions of the Sebi (ICDR) regulations, 2009, as amended, Standard Chartered Plc, as an issuer of IDRs, is required to disclose ‘material litigation’. In considering whether disclosures are necessary in relation to litigation, Standard Chartered Plc has applied the relevant materiality standard. On this basis, no litigation is required to be disclosed,” the email said.

Under Sebi rules, the so-called materiality of a case must be judged on three broad parameters: qualitative nature, litigation or defaults that may not be material at present but might have a material impact later, and litigations that may not be material individually, but may be found material collectively.

A questionnaire to Sebi on whether it has granted any special exemption to StanChart for the IDR remained unanswered.

A senior lawyer at a national law firm said: “All pending litigations that have a bearing on the issue should be disclosed in the prospectus as per ICDR regulations. Moreover, the issue of materiality varies from case to case and is subjective. If I were an underwriter, I would have disclosed the status of the cases and justified if the cases have any material impact on the company’s businesses or not, in the prospectus.” The lawyer did not want to be identified.

Market analysts say there is no definitive yardstick for deciding the importance of a case.

“Materiality is subjective and judgemental,” said Prithvi Haldea, chairman and managing director of Prime Database, a primary market tracker. “The merchant banker, issuer and lawyer can collectively take a call on whether a matter is material or not.”

However, if these matters are decided in court and proven to be material, the issuers, bankers and lawyers can be taken to court for substantial damages, he added.

The amount involved in the 17 transactions listed by ED and facilitated by the bank between February 1991 and September 1992 is Rs4 crore. The bank also allegedly facilitated a telegraphic transfer of Rs1.5 crore. ANZ Grindlays Bank, which was acquired by StanChart in 2000, allegedly helped the same entities transfer around Rs55 crore. Separate cases are pending against both banks in the matter.

According to the case files, Irish rugby player Keith Fairbrother was the key beneficiary of the transfers. He owned a company, Indo International, earlier known as Eastern Suburbs, based in the UK, but with bank accounts in both names in India as well as the UK.

Fairbrother is said to have facilitated a few import-export deals between some Indian firms and their counterparts in the erstwhile Union of Soviet Socialist Republics (USSR). Since India and USSR had bilateral trade pacts, any payment to entities there needed to be routed through the Reserve Bank of India (RBI) with appropriate approvals and sanctions. Fairbrother, the files claim, broke these rules using various foreign banks, including StanChart.

Through his associate Kuldip Singh Sood in India, Fairbrother would collect Indian rupee drafts drawn by an Indian bank on its domestic branch. Allegedly with the connivance of StanChart, he would get them cleared without making any declarations or taking any approvals and credit the amount to a vostro account of StanChart London and Manchester. These banks would, in turn, transfer the amount to a beneficiary of the same name in the UK.

A vostro account is the local currency account held by a local bank for a foreign one. Such accounts are used for inter-bank transfers, and money transfers to non-residents need RBI’s nod. ED has charged that the bank and its then CEO violated these rules.

A senior broker, on condition of anonymity, said that as a matter of principle, the company should publish all pending legislation and leave the question of materiality to investors’ judgement.

“By choosing to ignore pending legislations, they are setting a bad example for the companies coming to list such instruments in future,” he said.

n.subramanian@livemint.com

Excise scam money used to fund terror’

PANAJI: Opposition leader Manohar Parrikar on Thursday said he would write to Prime Minister Manmohan Singh, fearing that money from a multi-crore excise scam linking Goa with Indian border states is being used to fund terrorist activities.

Parrikar has also alleged that the state excise department has been issuing permits to companies furnishing bogus addresses.

 Incidentally, the state government’s reply that the state finance secretary is investigating earlier allegations made by Parrikar on the excise scam has not satisfied the opposition leader, who has demanded that the matter be immediately handed over to the Central Bureau of Investigation (CBI).

Raising the matter during question hour, Parrikar said that illicit alcohol consignments worth crores of rupees are being sent to border states in the north and north-east of India.

“Money from this scam is being used to fund terror networks. The excise departments from other states such as Punjab, Rajasthan and the north eastern states are involved,” he said. The opposition leader also reminded the House that he had first made these allegations in the last assembly session.

“I believe the prime minister is an upright person and I will write to him to probe into this,” Parrikar said. Chief minister Digambar Kamat, however, did not commit to a criminal investigation into the scam.

“The finance secretary is currently conducting an inquiry into the matter,” he told the House.

Parrikar retorted: “The finance secretary does not have powers to conduct such an inquiry. We have to verify the signature of the superintendent of excise on the order, which the finance secretary will not be able to do. He cannot go to Punjab and Rajasthan to investigate the matter.”

“The only thing that needs to be investigated is who made the payment for the 1.04 lakh litres of alcohol that was imported in September. Trace the source of payment and you will find out who the culprit is,” Parrikar said.

UBS deal died over unexplained money

Mumbai / Pune: The reluctance of a top Swiss bank to help Indian investigators is slowing the unravelling of an intricate multinational trail of money transfers—across Switzerland, New York, the British Virgin Islands and Pune—between an Indian horse owner and a fugitive Saudi arms dealer, according to officials in the Enforcement Directorate, the government body that investigates economic crimes.

A top official in the Enforcement Directorate (ED) who did not wish to be identified confirmed on Friday that the agency’s officials, in December 2007, had advised the Indian government not to clear a Rs467 crore plan by UBS (United Bank of Switzerland) AG, the world’s biggest wealth management company, to buy the Indian mutual fund business of Standard Chartered Bank because the Swiss bank had not helped track international money transfers of Pune horse owner Hassan Ali Khan.

Investigators from the ED, who recently claim to have found $8 billion in the Swiss bank accounts of Hasan Ali Khan, say they now have evidence of a $300 million transfer to him (via a Chase Manhattan bank account in New York) from billionaire Saudi arms dealer Adnan Khashoggi, whose arms supplies to Tamil terrorists, the LTTE, were revealed during an investigation into the 1991 assassination of Rajiv Gandhi.

As the Bombay high court hears an Enforcement Directorate plea not to return passports to Khan and his wife Rheema, theHindustan Timeshas previewed a secret ED report that reveals the agency’s attempts to find the links between Khan and Khashoggi.

As evidence the report quotes a notation, “funds from weapon sales”, made by UBS AG, a top-tier investment banking and securities firm, after it froze an account belonging to Hassan Ali Khan, the Pune horse owner, following the $300 million transfer to him—it isn’t clear when— from Khashoggi.

“I would not like to talk about this,” said UBS India managing director and chairperson Manisha Girotra, referring all questions to the bank’s spokesperson.

“As a truly global entity, our policy on such issues is to comply with the laws and regulations in each host country, while at the same time, complying with the banking laws in Switzerland,” the UBS spokesperson said in an email. The spokesperson declined to comment specifically on the arms sale notation.

The government has told the Bombay high court that the Khans are “virtually absconding” and if they are allowed to leave India, investigations could collapse. Khan’s counsel, Milind Sathe, said his client “regularly appeared before the Directorate”. Asked where Khan was, his main lawyer, Mugdha Jadhav, said: “Can’t tell you, sorry.”

At Pune race course, HT found Hassan Ali Khan’s father-in-law, Abbas Ali Khan, who said his son-in-law was “not well” and in Mumbai. He dismissed all allegations.

Hassan Ali Khan has three Indian passports—issued from Pune, Patna and Mumbai; he also applied for passports from Guwahati and Chandigarh— and he and his wife have applied to Switzerland for citizenship, another ED official who did not wish to be identified said. Passport authorities in those three cities are now trying to find out how three passports were issued to Khan.

Kashoggi now lives a quiet life in the principality of Monaco. There is a British warrant out for his arrest.

Another top official at ED who also did not wish to be identified said Kashoggi’s $300-million transfer was “only the tip of the iceberg” and that the agency was trying to connect the dots in the global trail, which also includes evidence of another $290 million in two “fictitious companies” created by Hassan Ali Khan and a friend in the British Virgin Islands in the Caribbean. All the money transfers are recorded in a laptop seized in January 2007 from Hassan Ali Khan’s house in Pune and while investigators believe this is laundered money, there is no direct evidence. They would also need corroboratory evidence to establish that these transfers have anything to do with terror networks.

“These are all false allegations,” said Sathe. Asked about the $300 million transfer from Khashoggi, he said: “When the Enforcement Directorate questions us, we shall give a reply.”

The ED official, who confirmed the agency’s involvement in spiking UBS’ deal with Standard Chartered, said the Swiss bank had told Indian investigators to get a letter rogatory, a formal request from an Indian court to a Swiss court. This is a complicated process and would have needed to be routed through the ministry of external affairs, and it would have involved finding and presenting clear evidence of Hassan Ali’s links to terror.

It now seems apparent that UBS’ stand in the ongoing investigation led to the collapse of its deal with Standard Chartered Bank.

In a December report, Mint said that the Reserve Bank, India’s banking regulator, would not approve the deal because of possible money laundering through the Swiss bank involving certain transactions of Khan. On Friday, RBI declined to comment. “We are a civil body,” a spokesperson said. “Whenever we find violations, issued to be investigated, we hand over the information to the Enforcement Directorate. We have not issued any comments on the issue of UBS.”

In December, Standard Chartered, the parent of Standard Chartered Bank in India, sent a notice to stock exchanges in London and Hong Kong, where it is listed, saying it would not proceed with the deal, without giving a reason.(Hindustan Times)

CRIMES OF RBI & CBI & IT’S COVER-UP
– An appeal to honourable supreme court of India

The central bank of India Reserve Bank Of India , which is supposed
to direct the fiscal policies of government of India , has failed to
do so. It has enabled many looters in the garb of entrepreneurs , to
swindle the exchequer to the tune of crores of rupees. The premiere
investigating agency of India CBI has failed to nail the culprits.

Hereby , I do request the honourable supreme court of India to treat
this as a PIL application & to provide speedy justice in following
cases.

Read the article “Crimes @ RESERVE BANK OF INDIA” @ http://theftinrbi.blogspot.com/
, http://theftinrbi.rediffblogs.com/ , http://theftinrbi.wordpress.com/

Read the article “PF scam shame shame judges” @
http://corruptmajority.blogspot.com/ ,
http://corruptjudges.rediffblogs.com/

SOILED NOTE FRAUD CASE @ RBI BANGALORE
– Trauma of an old man

Complete case details also available at http://members.lycos.co.uk/ganapathihariram/

As per allegations of RBI management Bangalore in 1977-79 , criminal
nexus of RBI employees stole Rs. 220000 from RBI Bangalore. All the
banks , government treasuries in Karnataka , submit defaced / soiled
currency notes to RBI Bangalore in exchange for good notes. RBI after
collecting such defaced currency notes , sorts out fairly good notes
which can be reissued & burns off the remaining totally defaced
currency notes. All these process is done in a systematic manner.

As per allegations of the management , the crime took place in the
period of 1977-79 at RBI Bangalore. A nexus of employees, took away
the currency bundles meant for destruction & substituted it in the
place of bundles of reissuables.

Charge sheet issued by RBI Bangalore office to mr.G.Hariram
Staff no.3698/156/84-85 dt 1 april 1985
Amended charge sheet staff no 3798/156-84/85 dt 8 april 1985

CBI has charge sheeted 17 employees in connection with this case ,
case olde no. cc34/1989 new no. sc 436/1991 . the
honourable 21 city additional city civil & sessions court Bangalore in
it’s order dated 24.01.1992
discharged 03 charge sheeted employees , as the prosecution
failed to prove the charges against them. They came out clean , as
they were innocents saddled with the crime done by others. One of the
charge sheeted employee who turned approver for the prosecution, has
given detailed account of the crime. Nowhere he has mentioned the
involvement of accussed no.15 mr.G.Hariram in the crime.

Even after coming out clean, mr.G.Hariram was not reinstated into
service by RBI. They gave the ruse of domestic enquiry & showed
contempt to the court order. On appeal, the honourable high court of
Karnataka ordered RBI to review it’s order with respect to
mr.G.Hariram , still RBI failed to reinstate mr.G.Hariram into service
, once gain showing contempt to the court of law.

In India as per law , the decisions of court of law are binding on all
, orders of court over rides the organisation’s internal rules ,
service rules , etc. inspite of lack of evidences, in a whimsical
manner the higher authorities of RBI , fixed some innocents as the
scape goats heaped all charges against them ( against whom they had
personal grudge , dislikes ). RBI repeatedly showed contempt to the
court orders , dismissed the scape goat – ailing old man mr.G.Hariram
from service. RBI snatched away his PF money towards the alleged loss
to the bank , didn’t pay his gratuity amount , salary arrears and
finally he was even deprived of the pension. As a result , the old man
has even lost his social prestige, dignity , his family suffered a lot
& he is a mental wreck today.

Why RBI authoroties are hell bent upon to send away the innocents /
scape goats away from service ? why CBI didn’t conduct polygraph tests
of all the accussed , specifically higher officers of RBI , managers
of RBI office Bangalore ? probably the scape goats were aware of the
crimes master minded by higher ups & didn’t co-operate with the higher
ups in their crimes. So, the criminals were afraid that the scape
goats will blurt out truth to the world , fixed non co-operating
innocents themselves as criminals.

Who will give justice to innocents like old man mr.G.Hariram & who
will bell the corrupt , criminals , fat cats of RBI ?

APPEAL UNDER SEC 19 (3) OF RTI ACT 2005 OF GOVERNMENT OF INDIA & GOVERNMENT OF KARNATAKA

APPLICATION FOR INFORMATION AS PER RTI ACT 2005
( SEE RULE 22 OF RTI ACT 2005 )

FULL NAME OF THE APPLICANT : NAGARAJ.M.R.

ADDRESS OF THE APPLICANT : NAGARAJ.M.R.,
EDITOR , E-VOICE OF HUMAN RIGHTS WATCH,
# LIG-2 / 761, OPP WATER WORKS OFFICE,
HUDCO FIRST STAGE, LAXMIKANTANAGAR,
HEBBAL, MYSORE , KARNATAKA
PIN – 570017.

DETAILS OF DOCUMENTS / WRITTEN STATEMENTS / INFORMATION REQUIRED :

HEREBY , I DO HUMBLY REQUEST YOU TO GIVE ME WRITTEN STATEMENTS /
ANSWERS TO THE FOLLOWING QUESTIONS – WHICH IN ITSELF ( ie answers )
ARE THE INFORMATION SOUGHT BY ME.
WITH RESPECT TO CASE NO old CC34 / 1989 & NEW NO SC436/1991 AT 21
ST ADDITIONAL CITY CIVIL & SESSIONS COURT BANGALORE

CHARGE SHEETED OFFICER MR.G.HARIRAM RBI BANGALORE

CHARGE SHEET NO staff no.3698/156/84-85 dt 01.01.1985

Amended charge sheet staff no.3798/156-84/85 dt 08.04.1985

1. Why didn’t you notice the alleged crimes of 1977 , 78 & 79 till the
mid of 1979 ?

2. This crime came to light only due to anonymous phone calls of good
Samaritans to authorities , but not due to your inspection . is your
inspection division working properly ?

3. why there is no security check up of officers during entry & exit
out of premises ?

4. why there is no individual weighment , individual statement of
value of bags of reissuable notes & bags of note meant for destruction
, after sorting is done, why they are not tallied with total weight ,
value of notes issued for sorting ?

5. Immediately after noticing the crime, why did not you transfer all
the employees of those sections ?

6. why did not you take steps to preserve3 & protect respective
documents relating to such high profile crime ?

7. why didn’t you immediately issue charge sheet to all the accussed &
waited till 1983 ?

8. Why RBI has left out , so many officers ( who worked in the same
sections for more period than accused officers ) from domestic
enquiry ?

9. why CBI also failed to put those people in the charge sheet before
the court ?

10. is it because they were in favorable terms with the vested
interests ?

11. did the CBI dance to the tune of vested interests in RBI while
preparing charge sheet & during investigation , instead of
independent investigation ?

12. those left out probables from the charge sheet might have caused
the destruction of evidences / records. During the course of domestic
enquiry / court proceedings , it has been recorded that some records
have been destroyed. Are not CBI & RBI responsible for destruction of
evidences , aiding true criminals get away ?

13. in normal times , what is the period specified in RBI regulations
for preserving old documents / records ?

14. after noticing such a high profile crime the RBI must have taken
utmost care to preserve such old records for indefinite time , for
producing before courts of law as & when demanded. But it didn’t ,
why ?

15. does not this point to connivance of higher authorities of RBI ,
with the criminals ?

16. RBI authorities have conducted domestic mass enquiries , instead
of individual enquiries , is it not detrimental to the rights of
defense ?

17. RBI authorities have stated that court proceedings & domestic
enquiry are independent of each other & are not binding on one
another. However RBI authorities straight away took on record of
domestic enquiry the court statements , evidences , but didn’t honour
the order of same court of law ? why this double standard by RBI ?

18. The alleged crime was committed in 1977-79, but charge sheet was
framed in mid 1985 , why this long delay ?

19. didn’t this facilitate the masterminds of crime to destroy ,
manipulate evidences ?

20. as stated before court , indeed some records , 22nd currency note
packet were missing , who is responsible for it ?

21. has the CBI conducted enquiry , polygraph test of RBI higher
officers – S.N.RAZDAN , W.S.SARAF , J.P.AWASTHI , J.MITRA & others ,
if not why ?

22. is it not due to inefficiency , negligence of duty by such high
ranking managers , that such a crime occurred in RBI Bangalore ?

23. what disciplinary action RBI has taken against the inefficient ,
negligent higher officials ?

24. whatever internal rules an organization makes must be within the
line of law. If such internal laws of the organization are violative
of law , fundamental rights of employees , such internal rules become
illegal. Are not the way of RBI disciplinary proceedings illegal ?

25. as per RBI pension regulations 1990 , RBI has the right to deduct
any loss caused to the bank , from the pension of RBI employee if the
misconduct of employee is proved in judicial proceedings . even though
mr.G.Hariram came out clean from the court , why RBI has denied his
pension ?

26. judicial courts of law are appellate authorities over & above ,
domestic enquiry committees & judicial orders supersedes the domestic
enquiry proceedings. Still RBI showed contempt of court & didn’t
reinstate mr..G.Hariram into service , why ?

27. even if an employee’s misconduct causing loss to the bank is
proved , before denying him pension (towards making up loss to the
bank) , previous sanction of the central board of RBI must be taken.
But in mr.G.Hariram’s case , pension was denied in full without taking
previous sanction of the central board of RBI , is it not illegal ?

28. RBI alleged that mr..G.Hariram caused loss to the tune of Rs.14000
to the bank & recovered it from his provident fund dues. There was
nothing left over to recover , still RBI completely denied pension to
mr.G.Hariram , why ?

29. ideally, domestic enquiry findings / disciplinary actions should
be completed first , then the employee can appeal to appropriate court
of law. In mr.G.Hariram’s case , CBI & RBI failed to prove the charges
in court of law , as a result court discharged him from the charges.
To cover-up it’s failures RBI management dragged domestic enquiry much
beyond court orders date & gave findings indicting mr..G.Hariram. does
the enquiry officer of domestic enquiry think that he is over & above
the court of law ? is it not illegal & contempt of court ?

30. ideally , RBI authorities should have appealed to higher court
against lower court order discharging mr.G.Hariram from charges. But
it was not done , why ?

31. did the RBI pay interim relief to mr.G.Hariram , during suspension
period ?

32. the undue delay in filing charge sheet , consequent destruction of
key evidences , dishonour / contempt of court orders , undue haste in
giving findings , dismissal , denial of of pension without central
board’s sanction , all point towards criminals within RBI higher
management. What disciplinary action has been taken against
J.P.AWASTHI, S.N.RAZDAN,J.MITRA, W.SARAF & others ? if not why ?

33. why charge sheet was amended? Is it legal ?

34. did the charge sheet was amended to falsely implicate
mr..G.Hariram , by including cancelled note vault in the charge
sheet ?

35. does not this itself show that it is not statement of actual
happenings / facts , but a cunning ploy to mislead investigation
towards fixed innocents from actual criminals ?

36. is it true that that only 5% of sample inspection is done out of
bundled verified defective note packets ?

37. is not the conduct of joint / mass enquiries of all charge sheeted
officers illegal ?

38. how come such an important evidence 22nd note packet went
missing ?

39. is it because it may point towards real criminals ?

40. as per the statement of management witness / inspection head /
expert mr.vijendra rao , the notes of earlier dates have been removed
from packets made into new bundles , right ?

41. as per his statement , entire certificates , seals of some asst
treasurers are there , who didn’t work at all on that day is not it ?

42. does not it show that some body else was misusing the seals ,
putting some innocents seals over the notes ?

43. does it not show that , crime has taken place at verification
section ?

44. does it not show involvement of some asst treasurers ?

45. why asst treasurers have not been charge sheeted ?

46. why inspection of RBI Bangalore office was not done between 1975 &
1979 ?

47. is it not true that you failed to produce all records showing
internal inspection / audits , during domestic enquiry & court
proceedings ?

48. your expert mr.vijendra rao has stated that some seal marks are
smudged , he has stated some seal marks appears to be so & so. He has
clearly nowhere stated that this seal mark is exactly this , so he
himself is not 100% sure ?

49. your expert nowhere said that 100% sure this seal mark is this ,
on that day this seal was issued to mr.G.Hariram , isn’t it ?

50. your expert says during 1975 , he didn’t notice3 any fraud.
However approver says fraud was there before mid 1977 also. Why no
action has been taken ?

51. why you didn’t produce all records of all persons , who have
specifically worked in alleged sections , the registers of those
departments with daily activity report containing seal nos , packet
nos , bag nos , etc ?

52. are not their chances of some criminals putting the seal marks of
innocent officers over the notes , bundles , bags , etc ?

53. your expert is not 100% sure of seal mark , your records are not
there to prove the presence of charge sheeted officers in the alleged
sections , neither your expert nor your records are 100% sure on what
date , at what stage , by whom crime was committed , isn’t it ?

54. is not the charge sheet amounting to higher ups picking up
officers they dislike & falsely implicating them ?

55. is it not cunning ploy of higher ups to divert attention from
original criminals ?

56. why no action was taken against currency officer of 1977-79
mr.J.Mitra ? why his pension , super annuation benefits were not
withheld ?

57. what is your justification , supporting evidence , records for
picking up only three officers including mr.G.Hariram for legal
prosecution and leaving the majority of probables ?

58. why you have dropped charges against five asst treasurers ? why
you didn’t even conduct domestic enquiry against them , let alone
legal prosecution ?

59. Is it RBI’s & CBI’s way of fair play & justice ?

60. as inly 5% sampling of verified note bundles are done , there are
more possibilities of rebundled packets getting unnoticed in relaxed
95% lot , isn’t it ?

61. you have left out so many officers who worked in those sections,
some of whom even became management witnesses , instead of being
charge sheeted by the management, is it fair play & legal ?

62. who are the bank employees , from whom you have recovered the
alleged bank loss of Rs.220000 ?

63. were all of them charge sheeted , enquired , legally prosecuted ,
dismissed & their pension , gratuity withheld ?

64. you don’t have any internal statuotary records to prove that
mr.G.Hariram worked in those departments , except a currency officer’s
office note dated just on the eve of charge sheet years after the
alleged crime ? does it not prove that this note has been concocted
just to fix mr.G.Hariram ?

65. where as you have records of other officials attendance in those
departments , but not charge sheeted them why ?

66. three officers of staff grade A daily work in three sections out
of 40 officers , why you have picked up only mr.G.Hariram , out of
1095 working days , he has worked for only 223 days in those
sections , still those officers who worked for more days in those
sections are not charge sheeted why ? the approver , the management
expert witness , shift registers , V2 registers , Destruction
certificates , Form CD 55 , etc , nobody , no records were able to say
on what date , at what stage , by whom crime took place , also they
were unable to say on what date at what stage crime was committed by
mr.G.Hariram ? is it not futile imagination , cunning ploy of RBI
higher authorities to fix innocent Mr.G.Hariram ?

67. the management expert witnesses said , the most probable place of
crime is punching / Cancelled Note Vault , incinerator , where asst
treasurers were joint custodians . they were not enquired & let off
why ?

68. the charge sheet alleges extraction / substitution of
defaced note packets. Where as the management expert witness say
substitution of defaced notes only ? is not there difference between
loss of one number of note & 100 number of notes ?

69. as per the normal course of duty , staff officers does not
count notes in each bundles , but they just count the number of
bundles only. Is not there chances of inserted note bundles or bundles
containing less number of notes going unnoticed ? is it not the
failure of statuotary system of work practices ?

70. does not all these prove higher authorities of RBI & CBI
were hell bent to fix mr.G.Hariram & to shield the original
criminals ?

Questions with respect to other cases :

71. how do you monitor the work of bank officials nominated as
directors of companies which have availed bank loans ?

72. how do you monitor the work of companies , in which banks
have invested ?

73. how do you monitor the rapid wealth growth of certain bank
officials , who work in shares investment / equity funds section ,
etc ?

74. inspite of project reports by bank officials , over
assessment of collateral securites / value of debtor companies by bank
officials , the loans become NPAs & full value cann’t be realized in
the market by selling off the assets of debtor companies also. In such
cases , what action is taken against erring bank officials who collude
with criminal industrialists for availing higher amount of loan than
permissible ?

75. give bankwise specific figures of NPAs.

76. give names of industrial groups / promoters whose
companies have become NPAs , so that public can be aware of them ,
before investing in new companies promoted by them.

77. is not collection of loan from debtors of bank through
rowdies / recovery agents , illegal ?

78. why not criminal complaints filed against bank mangers for
aiding , abetting rowdism , murdering people ?

79. if your method of employing rowdies to collect loans of Rs.
10000 from commoners is right , what would you do to a promoter of a
debtor company to recover loans of crores of rupees , supari killing ?
but debtors of crores of rupees is let off coolly by banks , why ?

80. what is the exact amount of loss caused to the exchequer
by karim lala telgi who printed fake stamp papers ?

81. what action has been taken against those involved ?

82. have you taken action against all those mentioned by telgi
during narco analysis test , if not why ? is it because they are
powerful & bigwigs ?

83. how you are controlling the illegal finance activities ,
money lending by individuals , pawn brokers & chit fund companies ?

84. how you are monitoring the receipt of public donations ,
foreign donations by many NGOs ?

85. how many erring NGOs , chit fund companies , pawn
brokers , individuals you have booked for illegal finance activities ?

Questions relating to RBI CURRENCY NOTE PRESS MYSORE

86. who were responsible for selling the good printing machine at
security press nasik to scamster karim lala telgi as scrap ?

87. who recruited the candidates below merit rankings in R.B.I for
what criminal roles ?

88. how many irregularities have taken place in R.B.I till date ?

89. who is responsible for installing, operating & supervising the
security set-up in R.B.I ?

90. how the raw materials ie number of paper sheets, ink, etc are
accounted for in inward stores & while issuing for printing ?

91. how wastages, scrap of ink , papers , etc in the printing process
are accounted for?

92. How the finished goods ie currency notes are accounted for ?

93. Who keeps physical figures & possession of goods, inventory of
all the above?

94. How the scrap paper is disposed off ?

95. From security angle who keeps track from start till dispatch ?

96. Give me the merit ranking list of all candidates for the
post of stores assistant in BRBNMPL in the year 1995-96 ?

97. give me the merit ranking list of all candidates for the
post of process assistant at BRBNMPL in the year 1996 ?

98. give me the merit ranking list of all candidates for the
post of process assistants & maintenance assistants at BRBNMPL in the
year 1996-1998 ?

99. is not RBI & BRBNMPL authorities created by statuotary
laws , fully funded by public money ie from government exchequer ?

100. still why BRBNMPL & RBI refused to answer my previous
information request as per RTI Act ? are you afraid that skeletons
will come out of cubboard ?

101. what action initiated against the SBI branch Bangalore & SBI
Overseas branch for loss of cheque / draft amounting to crores of
rupees ? if not why ?

102. give me specific figures bank wise with respect to loss caused
to the bank by loss of cheques or demand drafts , etc ?

103. how RBI is containing crimes of loss of cheques / DDs causing
huge losses to the banks to the tune of crores of rupees ?

YEAR TO WHICH ABOVE PERTAINS : MAJORITY OF DOCUMENTS PERTAINS TO YEAR
1988 onwards . SOME OF THE DOCUMENTS ARE DATED BACK TO 1947.

FEES PAID : IPO NO 63E 318935 FOR RUPEES TEN ONLY Favouring CPIO RBI
HQ MUMBAI

PUBLIC INFORMATION OFFICER FROM WHOM THE INFORMATION IS REQUIRED :
V.S.DAS , CENTRAL PUBLIC INFORMATION OFFICER , O/O HONOURABLE
GOVERNOR, RBI HQ , CENTRAL OFFICE , AMAR BUILDING ,
P.M.MARG ,MUMBAI-400001.

Date : 01.11.2008 Your’s sincerely,
Place : Mysore Nagaraj.M.R.

FINANCE SCAMS IN INDIA & 5-STAR LEADERS WITH BEGGING BOWL

In ” mysooru mithra” a kannada daily dated 15/06/2005, the editor has
written about a copy of the complaint made by Transparency
International India-Bangalore to central vigilance commission of
india.

In indian banks , there is a strange practice that whenever a cheque
is put before the clearing house by a bank, the clearing house sends
that cheque to the service branch of bank paying. The service branch
then sends that cheque to the appropriate bank branch
for deduction of cash from the cheque account. In this travel , if the
cheque is lost or misplaced midway, the service branch pays out of
it’s suspense account to the cash collecting bank. Logically,
afterwards the service branch must initiate a thorough inquiry, get
authentication from both persons one who gave cheque & other who
collected cheque. Finally, the money must be transferred from the
account of cheque giver to the suspense account.

However , upto 1997 two branches of state bank of india in bangalore &
overseas branch sufferred from frequent loss of cheques totally
amounting to RUPEES THREE THOUSAND TWO HUNDRED CRORE. In all cases of
cheque loss the bank has paid out of suspense account, totally
amounting to Rs.3200 crore. However the bank has not
initiated any enquiry to recover that amount from the cheque givers.

In the 1997 internal audit report of the bank itself , this has been
clearly pointed out. Till date, even the central vigilance commission
has not initiated any action about it. A member of central vigilance
commission happens to be ex-chairman of state bank of india.

It is just an instance of two branches of SBI, what about hundreds of
branches of SBI, what about thousands of branches of other public
sector,private sector & co-operative banks. It is fraud,fraud,fraud
all the way. Few months back to cover-up the crimes
of global trust bank ( GTB) , it was taken over by oriental bank of
commerce ( OBC).
While sanctioning a loan of just Rs.10000 to a common man , he has to
comply with lengthy legalities. If he defaults, bankers breath down
his neck, bankers send rowdies in the form of recovery agents to
humiliate the common man & his properties are
auctioned-off, finally all dues to the last penny are recovered. In
most of the cases bankers even force the defaulters to commit suicide.
However influential persons easily gets loans amounting to hundreds of
crores of rupees, coolly defaults, siphons-off the funds & shuts his
shop. No recovery at all , just it becomes a non- performing asset
(NPA) in the bank ledger. The total NPAs of all public sector banks is
more than Rs.80000 crore. This burden is spead over the crores of
hapless indians.

The government takes pride in murdering forest brigand veerappan. The
ill-gotten wealth of veerappan is not even pea nuts before this huge
amount. Remember past finance scams – MS SHOES, HAWALA, HARSHAD MEHTA
SHARE SCAM, KETAN PAREKH SHARE SCAM, UTI, etc. totally in all these
scams billions of dollars of public money have gone to the coffers of
criminals. These scamsters put veerappan to shame in their turnover.
However the government is not even exhibiting a fraction of it’s
ELIMINATE VEERAPPAN DRIVE against these scamsters, why?

In india, both central & state government tax/ revenue officials are
neck deep in corruption. By, taking bribe they make lower assessment
of income, gains, etc & spare businessmen from the tax payment. The
government in return for favours received from
lobbies, gives tax exemptions to them at it’s sweet will. All these
scams & it’s cover-ups are insider jobs. The government is not
interested to collect, recover it’s own monies
amounting to billions of billions of dollars every year. However our 5-
star leaders living at the expense of tax-payers, go-on foreign jaunts
with a begging bowl for a few lakhs of dollars. What a shame?

More than 50 billion indians are barely surviving on a single meal per
day & hundreds are dying due to starvation, billions don’t even have
basic necessities of life. If the government even just collects a
fraction of it’s dues from scamsters, defaulting industrialists –
people won’t die of hunger in india. Has this enlightened our thick
skinned netas ?

AN APPEAL TO UNION FINANCE MINISTER GOVERNMENT OF
INDIA

An age old saying – AS THE KING SO DOES THE SUBJECTS. In india various
financial scams, crimes & it’s cover-ups have taken place amounting to
billions of billions of dollars have taken place, made possible , just
due to the involvement of the king – the netas & government officials
themselves in the shameful act – the crime.

The tax officials are utterly corrupt, the wards of these officials
spend double their pappa’s salary just during
weekends. Now, realise their financial might. These ill-gotten wealth
is destabilising our economy & might have even found it’s way into the
hands of underworld, terorrists. INDIA WILL BE DEFEATED FROM
CRIMINAL FORCES WITHIN LIKE THIS NOT FROM THE EXTERNAL FORCES.

Hereby, the HRW urges you to make public:

1. the financial worth of finance minister to tax official at circle
level, on annual basis including his spouse’s worth & property
details.

2. to make public the NPAs, losses & monies under litigation by both
private & public sector banks annually.

3. to make public measures taken to recover these monies.

4. to publish annual accounts with complete details of discretionary
funds allotted to the defence ministry, president, prime minister,
chief ministers , governors & intelligence agencies.

Public want to know whether proper discretion is being applied while
spending.

R.B.I CURRENCY THEFT CASE – COVER-UP ACT BY C.B.I?
– AN APPEAL TO THE UNION FINANCE MINISTER & CENTRAL VIGILANCE COMMISSION

Even in ordinary branches of banks , the safety
locker room keys & currency chest room keys are with senior managers
only. with advance of technology various electronic gadgets like
burglar alarms, user id & palm readers are in use. It is quite
shocking to know that , in high security RBI CURRENCY PRESS , mysore
these gadgets were not in use & the keys were easily accessible to
ordinary security guards. Also, in mysore press there is no proper
accounting practices for blank papers issued for printing , after
printing is done accounts of accepted notes & rejected notes is not
at all kept. CBI is putting the whole blame on an ordinary security
guards & hurrying to close the case. The repeated thefts are not at
all possible by security guards alone without the help of insiders /
higher executives. CBI is trying to fool whom?

Even with respect to my complaint regarding
recruitment scandal complaint no: DPG/B/2005/80049 (2) (RBI) new
complaint no: DPG/Z/2005/90040, neither CBI nor secretary ( finance
sector ) department of economic affairs government of india nor the
RBI governor has taken any steps till date , why?
Hereby, e-voice urges the honourable union finance
minister & CENTRAL VIGILANCE COMMISSION to look into the matter & to
provide speedy justice to all concerned.

C.B.I COVERING UP THEFTS IN R.B.I
Lie detector tests for C.B.I officers ?

Nowadays even free e-mail accounts need password to operate, to
operate a bank locker there are multi level security settings.
However , it is ridiculous, unbelievable to note that in the high
security reserve bank of india currency note press mysore, there were
no different key sets , palm readers, pass words, no different
authorised persons, no troops of security guards, to access the area.
Just only one security guard- a constable.

It is a cock & bull story of C.B.I, that all alone a single security
guard stole the booty. There must be a crime syndicate. The C.B.I
officers themselves must be subjected to polygraph, brain mapping
tests to know why they are lying , to cover-up whom? The C.B.I has
not answered previous questions raised by us. The C.B.I must answer
the following questions :

1. who were responsible for selling the good printing machine at
security press nasik to scamster karim lala telgi as scrap ?
2. who recruited the candidates below merit rankings in R.B.I for
what criminal roles ?
3. how many irregularities have taken place in R.B.I till date ?
4. who is responsible for installing, operating & supervising the
security set-up in R.B.I ?
5. how the raw materials ie number of paper sheets, ink, etc are
accounted for in inward stores & while issuing for printing ?
6. how wastages, scrap of ink , papers , etc in the printing process
are accounted for?
7. How the finished goods ie currency notes are accounted for ?
8. Who keeps physical figures & possession of goods, inventory of all
the above?
9. How the scrap paper is disposed off ?
10. From security angle who keeps track from start till dispatch ?

ILLEGAL RECRUITMENT IN R.B.I CURRENCY NOTE PRESS RESULTING IN FREQUENT THEFTS ???

Dear sir,

I have applied for the post of STORES ASSISTANT in
1995 & for the post of PROCESS ASSISTANT in 1996 for vaccancies at
Bharatiya Reserve Bank Note Mudran Private Limited ( BRBNMPL) MYSORE
& SALBONI. I didn’t even get the interview/written test call letter.

However candidates with lesser merit ranking were selected. My
requests for a copy of merit ranking list fell on deaf ears.
In the end of 1996, i once again applied for the
posts of PROCESS ASSISTANT & MAINTANANCE ASSISTANT at BRBNMPL. This
time
round i got written test call letters for both posts. I have
successfully cleared the common written test for both posts.
Subsequently i got the interview call letters for both posts. I have
successfully appeared for the common interview for both posts.
However candidates of lesser merit were selected & i didn’t get any
communication at all. My repeated requests for MERIT RANKING LIST
fell on deaf ears.

It is the criminals in R.B.I MANAGEMENT who
declared a good printing machine at nasik security press as scrap &
sold it to fake stamp paper king pin karim lala telgi It may be
possible that the criminals in the R.B.I MANAGEMENT selected
candidates who suited their criminal objectives. As a result there is
frequent occurrence of currency thefts & related
irregularities at R.B.I CURRENCY NOTE PRESS, mysore & salboni.
Hereby, i call upon the C.B.I to look into this matter.

Also, hereby i urge you to provide me justice by giving merit ranking
lists of all recruitments made from 1995onwards till date.
Specifically, for the above mentioned 4 posts in accordance with the
TRANSPARENCY /RIGHT TO INFORMATION ACT of government of india.

SATYAM CO FRAUD – ARE YOU SINCERELY READY TO CATCH TAX THEIVES , CORPORATE CRIMINALS ? – AN APPEAL TO UNION FINANCE MINISTER & KARNATAKA STATE FINANCE MINISTER

Corporate fraud is nothing new to india , satyam company is just a
new addition to it. Satyam co was able to commit such a huge fraud &
keep it under wraps for years goes to prove the honesty , integrity of
our public servants , government officials belonging to SEBI , RBI ,
tax dept , pollution control , labour depts. , etc & the honesty of
auditors & company secretaries. Ofcourse , still there are few honest
people in public service , auditing & company secretaryship , but
majority of them are hand in gloves with corporate criminals.
Definitely , this fraud will also be brushed under the carpet after
certain time as other frauds happened , afterall these frauds are the
money spinners for political party funding , mafia , underworld &
other criminal activities.

In india , tax compliance is worse. In our criminal justice system,
there is rigorous imprisonment for a pick-pocketer stealing Rs.10.
even the authorities spend thousands of rupees in legally prosecuting
him & the thief spends a year or more as punishment behind bars. Where
as there is no commensurate investigation nor legal prosecution nor
punishment for corporate thieves , evading tax to the tune of crores
of rupees. In contrast, those tax thieves pay a part of that booty to
the ministers & political parties and get crores of rupees tax
exemptions , incentives from the government. Government is rewarding
corporate criminals.
The tax officials of central & state governments
are hand in glove with these corporate criminals & traders. For a
price, they are helping corporates & traders in evading tax. Most of
the tax officials are wealthy & leading luxurious lifestyles , much
beyond the scope of their legal income. The black money thus generated
every year by tax evasion , is many times more than our total annual
budget allocation. As a result, all our fiscal reforms fail &
inflation is soaring. This black money is the source of illegal
funding of political parties , terrorist outfits & underworld. It is a
greater threat to national unity & integrity.
Both the central government & karnataka state
government have failed to collect the full , actual tax dues from
corporates & traders. As a result , the governments don’t have enough
money in their coffers even to provide basic needs like health care ,
education , safe drinking water , etc to the poor & needy. For every
Rs.100 tax evaded , one poor patient is dying without medical care ,
10 poor persons lack education , 100 persons don’t get safe drinking
water , 100 persons barely survive on a single piece meal per day , 20
persons starve. Most of The government officials , ministers &
people’s representatives who have deliberately failed in their duties
of tax collection & welfare of poor citizens , SHAMELESSLY indulge in
luxurious lifestyle at the expense of poor tax payer . they live in
paltial bungalows , chauffer driven AC cars , all living food expenses
paid by exchequer , dine at 5-star hotels , only drink bottled mineral
water , eat non-vegetarian dishes , drink alcohol sitting before
mahatma gandhi’s photograph & preaching mahatma’s ideals. Mahatma
preached & practiced simple living , vegetarianism & he was teto
teller , he paid for his expenses from his earnings . these public
servants are parasites , who are making merry at the expense of tax
payer.
Some non government organisations ( NGO) have
formed trusts and under the aegis of those trusts are running
educational institutions , hospitals , community halls , etc , in the
name of providing free / subsidised services like education , health
care , etc to the poor. It is only in record books , they conduct fake
medical camps , self employment training camps . in practice they are
running these educational institutions , hospitals & community halls
as commercial enterprises & collecting huge fees. they are not even
remitting full fees collected to the trust account & swindling the
money. no outsider is allowed to become a member of these NGOs , only
their cronies & their family members are in these trusts.
Numerous NGOs promoted by religious bodies , mutts
are swindling public & government money to the tune of crores of
rupees. Nobody dares to question the heads , pontiffs of these
mutts , as at his feet VVIPs , ministers fall down. These religious
bodies are hot beds of fundamentalism , terrorism & mafia. Hwere is
the accountability of religious bodies & political parties in in
india ?
Inspite of bringing specific cases to the notice
of authorities , they are mum ? hereby , E-VOICE OF HUMAN RIGHTS WATCH
offers it’s services ( subject to conditions ) to the governments of
india & karnataka , in apprehending the criminals – tax evaders. Are
you ready?

MEGA FRAUD BY GOVERNMENT OF INDIA – Rs 85 000 crore tax arrears waiver + non performing assets of banks to the tune of Rs. 200 000 crore
– An appeal to Honourable Supreme Court of India

India has become an IT power , taken giant strides in the field of
science & technology. More & more MNCs are investing in India. However
due to our skewed , corrupt economic system , lack of accountability
on the part of corporates & public servants – a wide chasm has been
created between the ultra rich & the poor , the fruits of development
has all been usurped by the rich & mighty. This is the basic reason
for growth of black economy , growth of naxalism , terrorism &
underworld in India. As per a recent study by UN organization ,
majority of Indians ie more than 50 crore Indians are barely
sustaining on Rs.13 per day earnings , a whole family depends upon Rs.
13 , they are struggling to get just single meal per day. People are
starving to death , farmers are committing suicides , people are
selling their own children for a bag of grains. Whereas , corporate
biggies , public servants are leading luxurious lifestyles , having
big parties full of drinks , non-veg foods not at their papaa’s
expense but at the expense of public exchequer , out of the tax dues ,
loan repayments cheated to the public exchequer.

The banks insist on matching collateral security even for self
employment / educational loans by poor for an amount of Rs.5000. if
the loans are not paid in time , rowdies / recovery agents are sent by
banks to collect the amount by muscle power. As a final step , banks
auction-off properties of collateral security to recover it’s dues.
Even, the tax authorities mercilessly extract tax dues to the last
penny from the middle class.

The same banks, overestimate the project cost of corporates ,
overestimate the project feasibility & it’s worth and coolly extend
hundreds of crores of rupees loans without matching collateral
security. The banks extend overdraft facilities without matching
collateral securities , to these corporates. When loans are not
repaid, no rowdies are sent by banks. The promoters , directors of
such tainted corporates drain – off the companies resources cunningly
through insider trading , finally making the company sick. Such
companies don’t pay taxes , electricity bills , water bills , etc
properly to respective authorities. The authorities are deaf , dumb &
blind to all these actions of such corporates. At the end , banks
write-off such loans as non performing assets (NPA) & file case before
courts for recovery of dues. Even if the properties of collateral
security are auctioned-off dues cann’t be fully realized. Finally
public money is swindled . ALL THIS IS POSSIBLE DUE TO THE CONNIVANCE
OF KEY BANK OFFICIALS , TAX OFFICIALS WITH CRIMINAL CORPORATES SINCE
THE INCEPTION OF SUCH COMPANIES . THIS ALSO POSES UNFAIR COMPETITION
TO HONEST CORPORATES. How to stop this ? by making corporate
accountability ,accountability of bank , tax officials more stringent
with penal provisions . afterall , they are playing with public money
not their papa’s property.

Already , by the connivance of public servants , bank , tax officials
we have witnessed many scams like harshad Mehta , ketan parekh ,
hawala , etc and more than Rs. 2000000 crore NPAs are on the books of
the banks. Now, the government of India is planning to waive-off tax
arrears of corporates to the tune of Rs.85000 crore , why ? read
vijaya Karnataka kannada daily dated 04th January 2007. just look at
this in the backdrop of “QUESTIONS FOR MONEY BY SOME MPs” and “MP
LOCAL AREA DEVELOPMENT FUND ALLOCATION FOR A PRICE SCANDAL”. The
government is always unresponsive , careless towards the sufferings
of poor , however it is always on toes to help out corporates that too
criminal ones but not honest corporates. Why ?

HRW has extended it’s services to GOI months back itself , to
apprehend tax thieves , till date there is no reply from GOI , why ?

Hereby , E-VOICE OF HRW requests the Honourable Supreme Court of India
to order GOI ,

1. to make necessary amendments to companies act , to make the
promoters , directors of the corporates personally accountable for all
their actions.
2. to constitute committees consisting of public persons with powers
to scrutinize & verify all the actions of corporates for insider
trading like – selling products , materials , shares to their sister
concerns at discounted prices or buying products , materials ,
shares from their sister concerns at inflated prices or lending loans
at discount rates to their sister concerns or taking loans from their
sister concerns at high rate of interest or loaning materials ,
machines to their sister concerns , etc.
3. to constitute committees consisting of public persons , to
scrutinize & verify the annual personal tax returns filed by key bank
officials & tax officials , who have amassed riches & leading
luxurious life styles much beyond the scope of their legal known
sources of income.
4. to recover all tax dues , loan dues , etc from the corporates from
the personal properties , wealth of promoters , directors of such
companies.
5. to put behind bar the key bank officials who have helped the
corporates in swindling public money by overestimating project
viability , worth and by overlooking the insider trading of promoters
and still extending loans to them.
6. to put behind bars tax officials who have helped such corporates
in swindling public money.
7. to take all the necessary help from public like as services
extended by HRW in apprehending tax thieves.
8. to recover & protect public money at any cost.
9. to confiscate all money , properties possessed by directors of such
criminal corporates & properties of corrupt bank , tax officials ,
public servants.
10. to declare illegal black money kept by corporate criminals ,
politicians , etc in the banks of tax haven countries like Trinidad ,
Mauritius , Switzerland , etc as national property of India , as
public property of government of India & to secure that money to
Indian exchequer.

QUESTIONS FOR MONEY – PARLIAMENTARY ACTS & LEGISLATIONS FOR ???? – improper functioning of democracy in india

the vohra committee report has proved the criminalisation of
politics in india. There are many number of criminals in the
parliament & state legislatures. Some of those criminals are cabinet
ministers as well as members of vital parliamentary committees.
Thereby, they are in a position to manipulate , enact laws favouring ,
benefitting the criminals their cronies.

Just see how the GOI gave export incentive of Rs.1800 crore to
reliance petroleum although it didn’t even export a barrel. Reliance
infocom & tata teleservices were CDMA mobile service providers & have
paid license fee of few crores only equal to landline fees without any
competitive bidding . They were supposed to provide mobile service to
operate like fixed phones within a radius of 40k.m. however they were
providing service like mobile service from one state to another like
GSM mobile service providers. By this act of RIC & TTSL , the GSM
providers who have paid thousands of license fee in competitive
bidding were economically hurt , the dispute went to court. The court
was on the verge of pronouncing it’s verdict awarding damages worth Rs.
18000 crore to GSM players & Rs. 3000 crore of license fees with
penalty to GOI. The government announced a unified telecom license
regime with retrospective effect. Thereby, the GOI lost thousands of
crores of rupees & the share holders of GSM players lost thousands of
crores. Onceagain the RIC was charged by PSU bsnl THAT RELIANCE IS RE-
ROUTING INTERNATIONAL CALLS AS LOCAL CALLS & SWINDLING THE GOI. This
time too, GOI bailed it out. during the dispute between ambani
brothers the younger ambani mr. Anil ambani director of reliance
himself has stated that for the favours received from the GOI , the
company gifted some shares to then IT & COMMUNICATIONS MINISTER mr.
Pramod mahajan.

Various indian & multinational companies are looting indian
exchequer to the tune of thousands of crores of rupees , through
lobbying / bribing. Take the recent case of allotment of 3G spectrum.

In india, indirect democracy is the form of governance. In this
form, people’s representatives are bound to raise the questions ,
issues concerning their constituents on their behalf , on the floor of
the house. However the sad part in india even after 58 years of
democracy , is the lobbying is at it’s peak. The lobbying is a
gentleman’s white collared crook’s way of forming favour seeker’s
group , creating a corpus to pay lumpsum bribe & influencing decision
making.
The people’s representatives are bound to represent their people
first , then their party & party think tanks. India has come to this
sorry state of affairs , widespread corruption , huge black economy &
rampant poverty, all due to inefficient legislations & enforcements.
These think tanks & IAS lobby, consider themselves as most super
brains on earth & gives out suggestions . the present state of affairs
is a barometer of their brilliance. These think tanks & IAS lobby are
the hand maidens of lobbyists / bribers.

THREAT TO INDIA’S SECURITY BY CORPORATE CRIMINALS
– An appeal to honourable prime minister of india & honourable chief
minister of karnataka

In india , since ages certain section of people – dalits , tribals are
being oppressed in the name of caste by forward caste people. The name
sake independence has not changed the lives of dalits & tribals. The
upper caste people were in control of government & economic sector
before independence as well as after independence too. The upper caste
people are now MPs , MLAs & are running businesses . they have framed
rules , laws to suit their ends. They are getting bank loans ,
subsidies , tax cuts , etc , by greasing the palms of those in power –
their own caste men. The reservation policy is just a vote winning
gimmick of forward caste politicians , it is neo divide & rule policy.
Only few dalits with money & contacts have benefitted , by the
reservation policy of government. Majority of them are still
sufferring from utter poverty & social oppression.
Now, due to rapid industrialisation & globalisation a new economic
divide has taken place – rich & poor , haves & have nots. Now,
economically poor are also being oppressed along with dalits. The
forward caste people in government have framed laws to suit their
ends , they have provided concessional priority loans , tax cuts ,
subsidies , etc from the government to corporate sector . The
corporate sector has demanded & got monetary benefits , infrastructure
facilities from the government . however the same corporates , MNCs
are violating statuotary laws & are averse to social welfare measures
of the government . they are averse to provide jobs to dalits ,
tribals & poor , why ? these corporates are bribing the labour , tax
department & other government officials . as a result the government
is loosing tax revenues to the tune of thousands of crores every
year , the government doesn’t have money to provide social welfare
measures to common people. The lives of common people are under
threat. Now,
the number of common people dying due to starvation , lack of health
care is more than in a war field. The threat to unity & integrity of
india is more from the corporate sector than pakistan or china.
Now, the government of india & other state governments are literally
under corporate control. we have brought to the notice of government
cases of statuotary law violations by various corporate entities ,
till date no action has been taken. Why ? hereby , we once again
offers it’s conditional services to the government of india &
karnataka in apprehending corporate criminals , corrupt tax , labour ,
pollution control board offricials. Are you ready sir ????

Black money in foreign banks amounts to plunder of nation: Supreme Court

Black money stashed away in foreign banks is not just a case of tax evasion, it is “mind- boggling crime” amounting to “theft and plunder of national wealth’’, the Supreme Court said on Wednesday.

In a frank message to the Union government, the court wanted it to realise the gravity of the issue. “We are talking about mind-boggling crime. We are not on the niceties of various treaties,’’ a bench of justices B Sudershan Reddy and SS Nijjar told solicitor-general Gopal Subramanium.

Earlier, the government had contended that money in foreign banks was a case of tax evasion and it cannot make public the names of Indian account holders.

“The authorities have to go on the basis of mutual agreement with various countries where the money is stashed,’’ Subramium said.

“This is the problem worrying us. It is not only about tax evasion and has something more,’’ the bench said after it was pointed out that the source of the money could be narcotics, terror fund or arms dealing.

The court was hearing a petition filed by noted criminal lawyer Ram Jethmalani and some retired bureaucrats and police officers.

Standard Chartered tries to cover up its messy past, but SEBI is in a slumber

Standard Chartered Bank’s draft red herring prospectus to raise $500 million-$700 million through the first-ever issue of Indian Depository Receipts (IDRs) has completely blanked out at least 15 litigations pending against it in connection with the securities scam of 1992 and a foreign exchange scandal involving the misuse of its vostro account, also in the 1990s.

The prospectus has reportedly been cleared by the Securities and Exchange Board of India (SEBI), which is fully aware that most litigations pertaining to the 1992 scam are still dragging their way through the Indian judicial system. It is shocking that the Bank has attempted to avoid disclosure, given that the Bank’s deep involvement in the scam is widely known in India and the IDRs are being sold to Indian investors. What is worse, when asked about the failure to disclose litigation pending against the Bank, SEBI has chosen to not to respond to the emails marked to the entire top brass of the Bank.

On checking with the Bank, Arijit De, head of external communications, has this to say: “With reference to your email to Neeraj Swaroop, our response is as below: The IDRs represent the shares of Standard Chartered PLC, UK , the ultimate parent company of Standard Chartered Bank, India. In accordance with the disclosure requirements under SEBI Regulations, IDR Rules, other applicable laws and international practice, SC PLC has made appropriate disclosures of all material issues in the draft offer document filed with SEBI. We have nothing further to add beyond what is disclosed in the DRHP.”

However, a simple reading of page 414 of its draft red herring prospectus suggests otherwise. It says: “As of the date of this Draft Red Herring Prospectus, neither the Company, any member of the Group, any Director, or any material associate of the Company (emphasis ours) are involved in any material governmental, legal or arbitration proceedings or litigation and the Company is not aware of any pending or threatened material governmental, legal or arbitration proceedings or litigation relating to the Company, any member of the Group, any Director or any material associate which, in either case, may have a significant effect on the performance of the Group, and there are no liabilities or defaults (including arrears and potential liabilities) in relation to such material proceedings or litigation which would be required to be disclosed under the SEBI Regulations.”

Moreover, the cases filed by the Enforcement Directorate and in the Special Court do not all pertain to the Indian operations (the Bank’s Indian operation itself is significantly large and important, especially after the impact of the global financial crisis). In fact, many of them specifically name a former chairman of the Bank, Rodney Galpin.

Among the cases that we have information about include some in the Special Court set up to try the securities scam related offences (MA 365/2003 – SCB v/s the Custodian & others; Suit 45 of 1995 SCB v/s Andhra Bank; Suit No 6 of 1994 SCB v/s Andhra Bank and Suit No 32 of SCB v/s Andhra Bank). Then there are at least half a dozen cases filed by the Enforcement Directorate, many of them in 2002. We have sent a list of all these cases to SEBI, but have no response from the regulator.

Are these cases serious enough to make a difference to the Bank’s global operations and performance? Probably not. Also, many Indian companies have successfully raised funds, even after disclosing that the main promoters were accused of murder or worse. The issue is the Bank’s lack of transparency, while selling a financial instrument to Indian investors.

What is worse, the failure to insist on this disclosure reflects even more badly on the market watchdog. In its very first IDR clearance, SEBI has shown that it is probably overawed with the international bank’s plans to raise funds in India or its fat, 801-page offer document. Either way, it is not insisting on the same transparency and disclosure standards that it expects from Indian companies, which should be a matter of serious concern, given that global banks have not covered themselves in glory in the lead-up to the financial crisis of 2008. — Sucheta Dalal

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