Wednesday, 26 November 2014

If the national resources are stolen to benefit few individuals who are in power, these people are not patriotic


Frightened Congress led by Sonia Gandhi raises the black money issue to deflect the attention of the people to hide their illegal actions.

Anand Sharma vociferously accused in the Rajya Sabha that the BJP failed to bring in black money in 100 days of coming to power, and mentioned various methods of black money brought back in to India, called round tripping. One example he gave was real estate and constructions companies where these moneys’ are invested. Probably he had Robert Vadra son in law of Sonia Gandhi in mind.

The issue of black money raised by Anand Sharma not in the interest of the country, but in the interest of his colleagues in Congress party especially Sonia Gandhi and her family members.

The curious Congress rises black money issue only to find out to what extent the government has information so that the Congress can take preventive measures to protect the money they stashed in foreign countries

For Mamata Banerjeei is different problem, her deep involvement in chit scam and bomb blast cases desperate to deflect the attention of the people found black money issue convenient escape route.

Indian politicians belonging to the Congress, DMK, SP, and BSP so on who have pillaged the country for personal gains can claim they are loyal to the nation 

Patriotism is generally cultural attachment to one's homeland or devotion to one's country, although interpretations of the term vary with context, geography, and philosophy. It is a related sentiment to nationalism. 

If the national resources are stolen to benefit few individuals who are in power, these people are not patriotic as defined above.



The real scandals involve big business and UPA led by Sonia Gandhi government, which generated huge amount of black money:

Estimated loss to the treasury from a crooked sale of mobile phone licenses 2G scam— $40 billion. allocation of mining blocks, the coalgate scam — $34 billion. illegal coal and iron ore exports, mostly to China — $3.4 billion; a 31-storey luxury apartment building on prime Mumbai land for war widows taken by politicians and friends Adarsh Cargill — at $130,000 a unit instead of the market price of $1.7 million; and so on.

Forestry quotas and lease on government lands entail big bribes. Properties adjacent to new airports are widely believed to be owned by politicians or those fronting for them.

“Too many people have got rich based on their proximity to power,” says no less an authority than Raghuram Rajan, governor of the Reserve Bank of India, drawing a parallel with Russia.

Karunanidhi the senior most corrupt political leader in the nation who was an accomplice of Sonia Gandhi knows the artistic creation of money by arm twisting tactics. Karunanidhi’s close relative Kalanithi Maran is India's 23rd richest person last updated on November 07, 2013 Wealth: $2.6 billion (Rs. 15600 crores) With a large presence of the Karunanidhi’s family members in both the central government and state government has contributed to the emergence of political nepotism.

Two of the family members, Kanimozhi and Dayanidhi Maran have been charged by the CBI or their alleged involvement in the2G spectrum scam, listed by Time magazine in second spot on their "Top 10 Abuses of Power" list (just behind the Watergate Scandal). Dayanidhi Maran authorizing MTNL to install illegal telephone exchange in favor of Sun TV Net Work, which has caused a loss of Rs. 400 crore to the exchequer, is also under the scanner of the CBI.

Illicit Financial Flows from India between 2004 to 2011 clearly indicates that the financial flows, out of the country mainly belonging to the politicians, money siphoned off from the 2G, Coal allocation, helicopter, rail gate etc. scams. 


Illicit Financial Flows:

2004-2009                   $ in Millions 172,655           Rs.11, 22,257.50 crore 
 
   
2010-2011                   $ in Millions 153,316           Rs.10, 09,554.00 crore

2004-2011                   $ in Millions 325,971           Rs. 21,31,811.50 crore

Recently the High Court has questioned the CBI why the former Prime Minister Manmohan Singh was not questioned involvement in different scams, 

In other event when IT authorities asked Abhishek Manu Singhvi about income details, he had the courage to say that the 'termite ate vouchers' This This is the way the Congress leaders create black money. 

Modi government took efforts to bring back black money

On its first day in office, Prime Minister Narendra Modi's new government has constituted a Special Investigation Team or SIT to unearth and bring back black money stashed away abroad.

A strong willed government with the help of well-constituted investigating establishment may be possible to get back the illicit money stashed in foreign lands.

Indian Political parties and political leaders are the radical cause of generating black money for meeting the election expenditures, and for personal gains.The crony capitalists who contribute generously to the political parties, and politicians make money many folds of such contributed amount illegally and do not pay taxes.

These politicians may not be a sound administrator and may not care for the people's welfare, only knows the ways and means of protecting their ill-gotten riches.67 years of in power made them experts in avoiding detection by the people with the help of some of the corrupt officers. 

In February 2012, Central Bureau of Investigation (CBI) director A P Singh speaking at the inauguration of first Interpol global programme on anti-corruption and asset recovery said: "It is estimated that around 500 billion dollars of illegal money belonging to Indians is deposited in tax havens abroad. Largest depositors in Swiss Banks are also reported to be Indians.” In a hint at scams involving ministers, Singh said:,  “if the King is immoral so would be his subjects" The CBI Director later clarified in India's parliament that the $500 billion of illegal money was an estimate based on a statement made to India's Supreme Court in July 2011.

On 4 th July 2011, Justice B. Sudershan Reddy and Justice S.S. Nijjar bench of the Supreme Court observed that the failure of the government to control the phenomenon of black money is an indication of weakness and softness of the government.

“The issue of unaccounted monies held by nationals, and other legal entities, in foreign banks, is of primordial importance to the welfare of the citizens. The quantum of such monies may be rough indicators of the weakness of the State, in terms of both crime prevention, and also of tax collection. Depending on the volume of such monies, and the number of incidents through which such monies are generated and secreted away, it may very well reveal the degree of "softness of the State."
— Justice B Sudershan Reddy and Justice S S Nijjar, Supreme Court of India

A definitive instance of going soft on high profile and wealthy person like Hasan Ali Khan, who was arrested by Enforcement Directorate and the Income Tax Department on charges of stashing over 360 billion in foreign banks .ED lawyers said Khan had financed international arms dealer “Adnan Khashoggi” on several occasions.  

India Today, in a later article, wrote, "Hasan Ali Khan stands accused of massive tax evasion and stashing money in secret bank accounts abroad. However, the problem is that the law enforcement agencies have precious little evidence to back their claims 

Where medium and small businessmen are under the scrutiny of the investigating, and revenue authorities for any supposed infringement of tax laws the powerful crony capitalists, political leadership, and political parties never subjected to any scrutiny as they are the main holders of black money.

For instance, in the case of DMK Chief Karunanidhi and his family members amassed wealth ranking them one of the richest family in the world. Similarly Sonia Gandhi and her family, Mulayam Singh, Lalu Prasad Yadav and other business persons involved in real estate, movie production, and so on are not in the radar of the federal agencies .

It is only when a PIL filed in the courts after protracted legal proceeding chances being convicted may occur as the accused have all the money to prolong the cases and top lawyers are hired to weaken the case.

Though EC gets the wealth details, the source of increase in wealth over the earlier affidavits are not considered by the tax authorities.

The public hopelessly watches the sad state of affairs where their money being squandered by these political leaders and businessmen.


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