Month: October 2011

Indian Politicians + Bureaucrats Let Growth Opportunities Down the Drain

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As we lay to rest the problems in Eurozone, of course temporarily, we would like to give more detail and colour on Political Deadlock in Delhi and how it is hurting the Indian economy.

How much ever FM Pranab Mukherjee may try to shield his Government in the Press, the Fact is policymaking mechanism in Delhi has now remained jammed for more than a year. There is political infighting within both the main political parties in New Delhi. Hence trust is in short

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SEBI Consent Order – Is Reliance Mukesh Ambani Guilty of Insider Trading above Indian laws ?

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Whistleblower of the SEBI Consent Order Scam and Corruption at High Places, K Abraham former Board Member of SEBI in his letter to the Prime Minister of India has openly said that SEBI Chairman is pressurizing to settle Mukesh Ambani’s Reliance Insider Trading Case for peanuts. Reliance Mukesh Ambani has profited Rs 500 Cr in Reliance Shares Insider Trading and is liable to fine of Rs 1500 Cr.

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SEBI Consent Order Scam Cause Loss of Rs 40,000-50,000 Crore to Government

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Politicians and Bureaucrats along with unethical Business Houses including Foreign Investors, Banks, Stock brokers, etc mostly from Dalal Street together have caused a revenue loss of Rs 40,000 Crore to Rs 50,000 Crore to the Government of India since 2002 by means of Consent Orders passed by SEBI.

What is a Consent Order ?
SEBI is a regulator for Stock Market and related entities. It investigates the wrongdoings and fines the culprits. The Culprits without

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RBI Must Investigate the Surge in Exports – Possible Black Money Laundering

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Kotak Securities known for investigative research on Indian Companies and Economy pin-pointing the wrong doings ir-respective of his stature – Prime Minister or RBI or Mukesh Ambani is commendable, in out opinion.

Kotak Analysts are unable to tally the data of Exports and the sudden surge ahead of the Government signing treaties with various nations to prevent Black Money and Laundering. Here are some of the obvious questions which RBI as banking Regulator must investigate and explain.

Engineering goods exports accounted for 55% of incremental

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Supreme Court Bans GPA / SPA / Agreement for Sale in Real Estate to Curb Black Money

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The various Governments be it Congress, BJP, AIADMK, etc all lacked the will to curb black money and the windfall il-legal profit Goons and Politicians made by looting general public by means of Real Estate Deals. The Honorable Supreme Court waited for too long and hence decided to pass an order where-in all Real Estate Deals by means of General Power of Attorney, Special Power of Attorney or Agreement for Sale to curb BlackMoney and weed out all the agents who artificially jacked up the prices.

Modus Operandi – A Goon / Property Agent usually backed by local Corporator / MLA lures a property seller and gets an

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India’s Corruption at Peak – Worst Governance since Independence – CAG Vinod Rai Justifies

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It is a matter of shame that an Economist and a person like Dr. Manmohan Singh is occupying the seat of the Highest Authority in India when Corruption is at Peak with Billions of Dollars looted from India and stashed in tax heavens, Governance at its Worst. Eminent Economists, Industrialists with Clean background and Professionals have raised their voice against the Government in open, yet the game of remote control of puppet PM continues. How Long ?

Captains of the Indian Industry sent a Strong Message to the Government for its impotent Governance,

Growing Governance Deficit, Galloping Corruption and The urgent need to distinguish between ‘Dissent’ and ‘Disruption’.

You can read the Full Letter address to the Prime Minister of India here. [PDF]

CAG, Vinod Rai one of the brains behind unearthing 2G Spectrum Scam, CWG Scam,

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