Tuesday, June 07, 2016

Lest we forget various episodes and lessons to be learned from the history of India's conmen, scam stars, frauds.

Lest we forget
various episodes and lessons to be learned from the history of India's conmen, scam stars, frauds.
There is a great amount of space and time spent on the latest big time bank defaulter vijay mallya
a few days ago I had written in my blog about Agri Gold scam in Andhra Pradesh.
There are a few good Samaritans who are trying to write in their blogs about such corporate scams but looks like people never learned the lessons. So I talked I should start a series or publish a pamphlet or a book listing and describing the various big time bank defaulters in India since independence and also make people aware how their money is being misused by the so-called public sector banks, the politicians and businessmen nexus

the sad thing is the media attention seems to be more to make these scoundrels into hero figures and give them maximum publicity. For example the about webpage instead of writing a detailed article on the list of defaulters gives you a slideshow which is more like free advertisement for these defaulters and also defaulting companies.
First and foremost the media needs to stop doing this.

Even a big-time and very popular South Indian English language newspaper Corporation is one of the major defaulters.
As per the Ministry of Corporate Affairs record, Prabodh Kumar Tewari and Anand Kumar Tiwari are directors of the company.

Rangoli Entertainment Private Limited

The company is related to the Century Communication mentioned earlier.

CENTURY STUDIOS PRIVATE LIMITED 

 Century Radio Private Limited.
 Pixion Vision Private Limited




http://ProQuest-prod1.hul.harvard.edu/docview/362842821?rfr_id=info%3Axri%2Fsid%3Aprimo

Mundhra financial scandal 
"Haridas Mundhra (Hindiहरिदास मूंदड़ा) was a Calcutta-based industrialist and stock speculator who was found guilty and imprisoned in the first big financial scandal of free India in the 1950s. The Mundhra scandal exposed the rifts between the then Prime Minister Jawaharlal Nehru and his son-in-law Feroze Gandhi, and also led to the resignation of India's then finance minister T. T. Krishnamachari."
From India abroad
T.T. Krishnamachari, the Finance Minister under whose nose the scandal exploded went scot free. 

V.K. Krishna Menon did not go to prison for his alleged involvement in the infamous Jeep Scandal, the first case of political corruption in free India. Instead, Menon went to New York, as India's representative to the United Nations.
HAWALA scam 

 three decades ago when he was deeply involved in "unethical" dealings in which he is alleged to have given his wife lucrative deals to do business with the Orissa government
Accusations of P.V. Narasimha Rao's involvement in the state lottery scandal
 Arjun Singh, who is also alleged to have been in the thick of Churhat lottery scandal in Madhya Pradesh

"In Indian politics, crime and punishment are seldom cause and effect. Despite the vast canvas of the bribery scam and its reverberations across the country, it is difficult to imagine that anyone named by the CBI will ever be proven guilty or prosecuted. Sure, there will be a popular outrage, and corruption will be denuciated from ever political pulpit But in the end, the hawala scandal, like many such cases before, is likely to be remembered as just another "good story" in the Indian press. After all, this is not the first time that the high and mighty have been involved in a mega scam"

Neelam Sanjeeva Reddy merely resigned as the Chief Minister of Andhra Pradesh when the Supreme Court passed strictures against him for his involvement in the bus route nationalization scandal. He then moved to New Delhi to become a Cabinet Minister, Lok Sabha Speaker, and Finally, President of India.

Kuo oil deal, the Bofors kickbacks controversy, the HWD submarine case, and the Harshad Mehta affair, the life span of the hawala scandal too will be short with no political or legal accountability. Even the securities scam


 The political rehabilitation of A.R. Antulay, who was forced to resign from the chief ministership of Maharashtra in the early 1980s on charges of misappropriation of funds, clearly shows that deliverance will come, even if on occasions it takes a while The Kashmiri Link in the Bribery Scandal

Nayar, KuldipIndia Abroad [New York, N.Y] 16 Feb
 1996: 2.



One Ishfaque Hussain Lone of Srinagar, known as "deputy chief of intelligence" of the Hizbul Mujahideen, a militant group in Kashmir, was trapped in Delhi on March 25, 1991, after police were tipped off. Twenty-three bank drafts drawn in favor of 22 persons - payable at Jammu and Kashmir bank branches - and cash amounting to Rs. 1.6 million (about $46,000) was recovered from him. The startling information was that he was allegedly the conduit for money to various militant organizations. Three letters found with him revealed plans to increase militancy in Kashmir.
Sharma's arrest led to the custody of four more persons: Moolchand Sampatraj Shah, Mohammed Shahid, Rais Anwar and Nand Kishore. The Central Bureau of Investigation (CBI), which has by that time taken charge of the case, opposed the bail of all the five. Yet the court let them off. The government then detained them under the Terrorist and Distruptive Activities (Prevention) Act (TADA). They are the ones who blurted out the information which led to the raids on the premises of Surinder Jain, his cousin and his manager, Jamender Jain. Two diaries and two notebooks were seized from one place. Those documents have turned out to be most revealing.
Everyone is surprised how the name of V.C. Shukla came to be included because he is among the most loyal to Rao. This was probably done to counter the charge that Rao had not initiated action against his own men. While implementing the Kamaraj plan for cleansing politics in 1962, Jawaharlal Nehru changed most Cabinet ministers and chief ministers. He also dropped his favorite, Lal Bahadur Shastri, to give the impression that he was making no distinction. It is clear that those who passed on money to the Indian politicians were financing militants in Kashmir as well. This suggests some sort of link. It provides the nation with sufficient evidence that the funding of militants and of the leading politicians was from the same source. This has serious ramifications. The very thought is disturbing. Since all those who made confessions are behind bars under TADA, any further information is not possible.
The Kashmiri Link in the Bribery Scandal.
Copyright India Abroad Publications Feb 16, 1996
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