Two-G (2G) Spectrum Scam Tapes and follow-up

Philip · Post by **Philip** » 04 Jan 2011 19:12

Ramanna,who has authority over the IT Dept. which has fired the Bofors salvo? Its timing is not coincidental and the minister in charge over it is most likely the one who has done the deed,perhaps in collaboration with other UPA strongmen.However one cannot help wondering whether Maran saw to it that he had even after his removal,access surreptitiously to monitoring telecom conversations since he had been min. before.I doubt however whether he had the guts to go after the GOP all by himself!

Venkarl · Post by **Venkarl** » 04 Jan 2011 19:49

Got this in email today....

Republic Of Scams (India)

Total Scam Money (approx) Since 1992:

Rs. 73000000000000 Cr.
(73 Lakh Crore)

Hard to digest ?
Just check the below given details

1992 -Harshad Mehta securities scam Rs 5,000 cr

1994 -Sugar import scam Rs 650 cr

1995 -Preferential allotment scam Rs 5,000 cr
Yugoslav Dinar scam Rs 400 cr
Meghalaya Forest scam Rs 300 cr

1996: -Fertiliser import scam Rs 1,300 cr
Urea scam Rs 133 cr
Bihar fodder scam Rs 950 cr

1997 -Sukh Ram telecom scam Rs 1,500 cr
SNC Lavalin power project scam Rs 374 cr
Bihar land scandal Rs 400 cr
C.R. Bhansali stock scam Rs 1,200 cr

1998 -Teak plantation swindle Rs 8,000 cr

2001 -UTI scam Rs 4,800 cr
Dinesh Dalmia stock scam Rs 595 cr
Ketan Parekh securities scam Rs 1,250 cr

2002 -Sanjay Agarwal Home Trade scam Rs 600 cr

2003 -Telgi stamp paper scam Rs 172 cr

2005 -IPO-Demat scam Rs 146 cr
Bihar flood relief scam Rs 17 cr
Scorpene submarine scam Rs 18,978 cr

2006 -Punjab's City Centre project scam Rs 1,500 cr,
Taj Corridor scam Rs 175 cr

2008 -Pune billionaire Hassan Ali Khan tax default Rs 50,000 cr
The Satyam scam Rs 10,000 cr
Army ration pilferage scam Rs 5,000 cr
The 2-G spectrum swindle Rs 60,000 cr
State Bank of Saurashtra scam Rs 95 cr
Illegal monies in Swiss banks, as estimated in 2008 Rs 71,00,000 cr

2009: -The Jharkhand medical equipment scam Rs 130 cr
Rice export scam Rs 2,500 cr
Orissa mine scam Rs 7,000 cr
Madhu Koda mining scam Rs 4,000 cr"

SC refuses to quash PIL against Mayawati in Taj corridor scam
Orissa mine scam could be worth more than Rs 14k cr

CORRUPTION, MONEY LAUNDERING SCAM, Koda discharged from hospital, arrest imminent
'A Cover-Up Operation':
"It's a scam involving close to Rs 60,000 crores"
Spectrum scam: How govt lost Rs 60,000 crore

India's biggest scams 1, Ramalinga Raju, Rs. 50.4 billion
India's biggest scams 2, Harshad Mehta, Rs. 40 billion
India's biggest scams 3, Ketan Parekh, Rs. 10 billion
India's biggest scams 4, C R Bhansali, Rs. 12 billion
India's biggest scams 5, Cobbler scam
India's biggest scams 6, IPO Scam
India's biggest scams 7, Dinesh Dalmia, Rs. 5.95 billion
India's biggest scams 8, Abdul Karim Telgi, Rs. 1.71 billion
India's biggest scams 9, Virendra Rastogi, Rs. 430 million
India's biggest scams 10, The UTI Scam, Rs. 320 million
India's biggest scams 11, Uday Goyal, Rs. 2.1 billion
India's biggest scams 12, Sanjay Agarwal, Rs. 6 billion
India's biggest scams 13, Dinesh Singhania, Rs. 1.2 billion

1, Jeep Purchase (1948) :- Free India's corruption graph begins. V. K. Krishna Menon, then the Indian high commissioner to Britain, bypassed protocol to sign a deal worth Rs 80 lakh with a foreign firm for the purchase of army jeeps. The case was closed in 1955 and soon after Menon joined the Nehru cabinet.

2, Cycle Imports (1951) :- S.A. Venkataraman, then the secretary, ministry of commerce and industry, was jailed for accepting a bribe in lieu of granting a cycle import quota to a company.

3, BHU Funds (1956) :- In one of the first instances of corruption in educational institutions, Benaras Hindu University officials were accused of misappropriation of funds worth Rs 50 lakh.

4, MUNDHRA SCANDAL (1957):- It was the media that first hinted there might be a scam involving the sale of shares to LIC, Feroz Gandhi sources the confidential correspondence between the then Finance Minister T.T. Krishnamachari and his principal finance secretary, and raised a question in Parliament on the sale of 'fraudulent' shares to LIC by a Calcutta-based Marwari businessman named Haridas Mundhra. The then Prime Minister, Jawaharlal Nehru, set up a one-man commission headed by Justice M.C.Chagla to investigate the matter when it becomes evident that there was a prima facie case. Chagla concluded that Mundhra had sold fictitious shares to LIC, thereby defrauding the insurance behemoth to the tune of Rs. 1.25 crore. Mundhra was sentenced to 22 years in prison. The scam also forced the resignation of T.T.Krishnamachari.

6, Teja Loans (1960):- Shipping magnate Jayant Dharma Teja took loans worth Rs 22 crore to establish the Jayanti Shipping Company. In 1960, the authorities discovered that he was actually siphoning off money to his own account, after which Teja fled the country.

7, Kairon Scam (1963):- Pratap Singh Kairon became the first Indian chief minister to be accused of abusing his power for his own benefit and that of his sons and relatives. He quit a year later.

8, Patnaik's Own Goal (1965) :- Orissa Chief Minister Biju Patnaik was forced to resign after it was discovered that he had favoured his privately-held company Kalinga Tubes in awarding a government contract.

9, Maruti Scandal (1974) :- Well before the company was set up, former Prime Minister Indira Gandhi's name came up in the first Maruti scandal, where her son Sanjay Gandhi was favoured with a license to make passenger cars.

10, Solanki Exposé (1992) :- At the World Economic Forum, Madhavsinh Solanki, then the external affairs minister, slipped a letter to his Swiss counterpart asking their government to stop the probe into the Bofors kickbacks. Solanki resigned when India Today broke the story.

11, Kuo Oil Deal (1976):- The Indian Oil Corporation signed an Rs 2.2-crore oil contract with a non-existent firm in Hong Kong and a kickback was given. The petroleum and chemicals minister was directed to make the purchase.

12, Antulay Trust (1981) :- With the exposure of this scandal concerning A.R. Antulay, then the chief minister of Maharashtra, The Indian Express was reborn. Antulay had garnered Rs 30 crore from businesses dependent on state resources like cement and kept the money in a private trust.

13, HDW Commissions (1987) :- HDW, the German submarine maker, was blacklisted after allegations that commissions worth Rs 20 crore had been paid. In 2005, the case was finally closed, in HDW's favour.

14, Bofors Pay-Off (1987) :- A Swedish firm was accused of paying Rs 64 crore to Indian bigwigs, including Rajiv Gandhi, then the prime minister, to secure the purchase of the Bofors gun.

15, St Kitts Forgery (1989) :- An attempt was made to sully V.P. Singh's Mr Clean image by forging documents to allege that he was a beneficiary of his son Ajeya Singh's account in the First Trust Corp. at St Kitts, with a deposit of $21 million.

16, Airbus Scandal (1990) :- Indian Airlines's (IA) signing of the Rs 2,000-crore deal with Airbus instead of Boeing caused a furore following the crash of an A-320. New planes were grounded, causing IA a weekly loss of Rs 2.5 crore.

17, Securities Scam (1992) :- Harshad Mehta manipulated banks to siphon off money and invested the funds in the stock market, leading to a crash. The loss: Rs 5,000 crore.

18, Indian Bank Rip-off (1992) :- Aided by M. Gopalakrishnan, then the chairman of the Indian Bank, borrowers-mostly small corporates and exporters from the south-were lent a total of over Rs 1,300 crore, which they never paid back.

19, Sugar Import (1994) :- As food minister, Kalpnath Rai presided over the import of sugar at a price higher than that of the market, causing a loss of Rs 650 crore to the exchequer. He resigned following the allegations.

20, MS SHOES SCAM (1994) :- Anyone who war old enough in 1994 to read will remember the advertisements- tens of them intriguingly headlined: 'Who is Pawan Sachdeva?' For the record, it was the peak of the public issued-led advertising boom and the ads were created by the Delhi branch of Rediffusion. Sachdeva, the promoter of MS Shoes, allegedly used company funds to buy shares (of his own company) and rig prices, prior to a public issue. He is alleged to have colluded with officials in the Securities Exchange Board of India (SEBI) and SBI Caps, which lead-managed the issue, to dupe the public into investing in his Rs. 699-crore public-***-rights issue. Sachdeva was later acquitted

21, JMM Bribes (1995) :- Jharkhand Mukti Morcha leader Shailendra Mahato testified that he and three party members received bribes of Rs 30 lakh to bail out the P.V. Narasimha Rao government in the 1993 no-confidence motion.

22, In a Pickle (1996) :- Pickle baron Lakhubhai Pathak raised a stink when he accused former Prime Minister P.V. Narasimha Rao and godman Chandraswami of accepting a bribe of Rs 10 lakh from him for securing a paper pulp contract.

23, Telecom Scam (1996) :- Former minister of state for communication Sukh Ram was accused of causing a loss of Rs 1.6 crore to the exchequer by favouring a Hyderabad- based private firm in the purchase of telecom equipment. He, along with two others, was convicted in 2002.

24, Fodder Scam (1996) :- The accountant general's concerns about the withdrawal of excess funds by Bihar's animal husbandry department unveiled a Rs 950-crore scam involving Lalu Prasad Yadav, then the state chief minister. He resigned a year later.

25, Urea Deal (1996) :- C.S. Ramakrishnan, MD, National Fertiliser, and a group of businessmen close to the P.V. Narasimha Rao regime fleeced the government and took Rs 133 crore from the import of two lakh tonne of urea, which was never delivered.

26, Hawala Diaries (1996) :- The scandal surfaced following CBI raids on hawala operators in Delhi in 1991. But it was S.K. Jain's diaries that had heads rolling.

27, CRB SCAM (1997) :- Another scam forged by greed and discovered through accident. Chain Roop Bhansali, a smart-talking entrepreneur, created a pyramid financial empire based on high-cost financing. At its peak, his Rs. 1,000-crore financial conglomerate had in its ranks a mutual fund, a financial services company into fixed deposits, and a merchant bank. That Bhansali knew how to work the system became evident when he also managed to secure a provisional banking license. Then his luck ran out. An executive in the State Bank of India Inadvertently discovered that some interest warrants issued by Bhansali were not backed by cash. The bubble finally burst in May 1997, but by that time investors had lost over Rs. 1,000 crore. This was among the first retail scams in India and it was played out, in smaller avatars, across the country-especially in the South where financial services companies promised returns in excess of 20 per cent and decamped with the principal. Bhansali was arrested for a few weeks and released later on bail.

28, MEHTA'S SECOND COMING (1998) :- The Big Bull returned to the bourses. This time, he allegedly colluded with the promoters of BPL, Videocon International, and Sterile Industries to rig the share prices of these companies. The inevitable collapse happened sooner than planned, Harshad Mehta orchestrated a cover-up operation that included a high=jinks effort by officials of Bombay Stock Exchange to (illegally ) open the trading system in the middle of the night to set things right, but the damage had been done. SEBI finally passed its ruling on the scam in 2001, banning the three companies concerned from tapping the market-BPL, for two years. Mehta was debarred for life form dealing in Securities Appellate Tribunal (SAT) in October 2001

29, VANISHING COMPANIES SCAM (1998) :- A passing remark heard by then Finance Minister Palaniappan Chidambaram resulted in a furore over what was badly-kept secret on Dalal street. Chidambaram was told that hundreds of companies had disappeared after raising moneys form the public. An informal scrutiny revealed that perhaps over 600 companies were missing. Chidambaram ordered a probe by SEBI. The SEBI probe conducted in May 1998 revealed that while many companies are not traded on the bourses at least 80 companies that had rises Rs.330.78 crore were simply missing. Later that year, the Department of Company Affairs (DCA) was asked to probe and penalize these companies. DCA still investigating. Investigations continue to this day.

30, PLANTATION COMPANIES SCAM (1999) :- It was as innovative a swindle as any effected in the world. Savvy entrepreneurs convinced gullible investors that given the right irrigation and fertilizer inputs, teak, strawberries, and anything else that could be grown, would grow anywhere in the country. The promoters could afford to collect money from investors and not worry about retribution (or returns, for that matter). For, plantation companies fell under the purview of neither SEBI nor Reserve Bank of India. Indeed, they didn't even come under the scope of the Department decided to change things in 1999, enough investors had been gulled: 653 companies, between them, had raised Rs. 2,563 crore from investors. To date, not many investors have got their principals back, just another affirmation of the old saying about money not growing on trees.

31, Match Fixing (2000) :- Mohammed Azharuddin, till then India's cricket captain, was accused of match-fixing. He and Ajay Sharma were banned from playing, while Ajay Jadeja and Manoj Prabhakar were suspended for five years.

32, KETAN PAREKH SCAM (2001) :- Ketan Parekh's modus operandi wasn't very different from Harshad Mehta's. If Mehta used banker's receipts, then Parekh used pay orders to ramp up the prices of his favourite scrips (the K-10). Apart from money form the banking system Parekh also rerouted money from corporated like HFCL (Rs. 425 crore), and Zee (Rs. 340 crore) to good effect. He was caught when pay-orders issued by Madhavpura Mercantile Cooperative Bank bounced. Although the total amount involved in the scam was just Rs. 137 crore, the impact was far greater.

Apparently, when a bear cartel sensed Parekh was in trouble, it stepped in and leveraged a dip in the NASDAQ to bear down stock prices. The resultant slump in the markets happened soon after Finance Minister Yashwant Sinha presented what he considered his best budget ever. Under pressure from the government, SEBI investigated the scam and heads began to roll. Among them: the entire management team of BSE, including its president Anand Rathi, CSFB, First Global, and, in an indirect connection, P.S.Subramanyam, the Chairman of UTL Evidently, for the 18 months that PSS was Chairman of UTI, the Trust had mirrored the actions of the bull cartel. The result? When the market tanked, so did the NAV of its holy cow, the US-64.

33, Tehelka Sting (2001) :- Tehelka, an online news portal, used spycams to catch army officers and politicians accepting bribes, in their sting operation called Operation Westend. Investigative journalism turned another corner in the country.

34, Stockmarket Scam (2001) :- The mayhem that wiped off over Rs 1,15,000 crore in the markets in March 2001 was masterminded by the Pentafour bull Ketan Parekh. He was arrested in December 2002 and banned from acccessing the capital market for 14 years.

35, Home Trade Scam (2002) :- Under the pretext of gilt trading, Rs 600 crore was swindled from over 25 cooperative banks in Maharashtra and Gujarat by a Navi Mumbai-based brokerage firm Home Trade. Sanjay Agarwal, CEO of the firm, was arrested in May 2002.

36, Stamp Paper Scam (2003) :- The sheer magnitude of the racket was shocking-it caused a loss of Rs 30,000 crore to the exchequer. Disclosures of the mastermind behind it, Abdul Karim Telgi, implicated top police officers and bureaucrats.

37, Oil-for-Food Scandal (2005) :- K. Natwar Singh was unceremoniously dropped from the Cabinet when his name surfaced in the Volcker Report on the Iraq oil-for-food scam.
What India Could Do With Rs 73 Lakh Crore?

Build: 2.4 crore primary healthcare centres. That’s at least 3 for every village, at a cost of Rs 30 lakh each.

Build: 24.1 lakh Kendriya Vidyalayas at a cost of Rs 3.02 crore each, with two sections from Class VI to XII.

Construct: 14.6 crore low-cost houses assuming a cost of Rs 5 lakh a unit.
Set up: 2,703 coal-based power plants of 600 MW each. Each costs Rs 2,700 crore.

Supply: 12 lakh CFL bulbs. That’s enough light for each of India’s 6 lakh villages

Construct: 14.6 lakh km of two-lane highways. That’s a road around India’s perimeter 97 times over.

Clean up: 50 major rivers for the next 121 years, at Rs 1,200 crore a river every year.

Launch: 90 NREGA-style schemes, each worth roughly Rs 81,111 crore.
Announce: 121 more loan waiver schemes. All of them worth Rs 60,000 crore.

Give: Rs 56,000 to every Indian. Even better, give Rs 1.82 lakh to 40 crore Indians living BPL.

Hand out: 60.8 crore Tata Nanos to 60.8 crore people. Or four times as many laptops.

Grow the GDP: The scam money is 27% more than our GDP of Rs 53 lakh crore."

Greed, graft, politics, bribery, dirty money. Just another day in the life of a nation still rated among the most corrupt in the world. Scan the scams that have grabbed headlines, destroyed reputations and left many people poorer.

Vinamra anurodh hai... lootteh Rahiye aakhir apna hi maal hai...

ramana · Post by **ramana** » 04 Jan 2011 21:51

Ramalinga Raju scam was money for YSR election funds. He couldn't give any more hence declared himself to be Indian Madoff.

Venkarl · Post by **Venkarl** » 04 Jan 2011 22:20

What is the meaning of "Vikruthi"..in "Vikruthi Naama Samvatsaram"?

RamaY · Post by **RamaY** » 04 Jan 2011 23:38

2003 -Telgi stamp paper scam Rs 172 cr

This is much bigger scam than posted. I remember news paper reports claiming the damage to be anywhere between Rs 30,000 crore to Rs 100,000 crores.

ramana · Post by **ramana** » 05 Jan 2011 00:23

X-Post....

Dhu, I was reading a book on Italy(From Caeser to the Mafia) and am struck at how the INC has become a Mafia entity and not just because of Sonia Gandhi. The seeds were from Motilal Nehru time. he fostered the family as the core of the INC.

At the core of the mafia systems is the family and its extended members. These include the immediate members and their relatives and kindered spirts in society. Usually around ~ 600 to a 1000. It then extends patronage to vast numbers in the society. Due to scarce resources constraint, people need favors: a transfer here, a job or posting etc. It thus captures government which the Sicilians call the biggest mafia of all.

Scams are organised tribute expeditions to gather wealth to sustain the mafia in power.

INC has mafiaed the Indian polity since just before Independence and it continues. The JNU system, the UPSC, the power to appoint judiciary and control official postings all ensure the mafia hold of the INC.

Early after Independence, people with virtue and merit could hope to raise to the top. However gradually power and wealth to acquire power became the criterion and hence all these scams by engineered by the family.

There are little mafias all over the states but none on national level to compete with the N-G family mafia.

YSR had potential till he got accidented.

ashokpachori · Post by **ashokpachori** » 05 Jan 2011 01:17

For the Congress, the JPC would probably turn out to be a longer-term headache. Presence of Congress’ members of Parliament (MP) in the committee would be limited. On their part, Bharatiya Janata Party (BJP)-National Democratic Alliance (NDA) and Left members would strive to embarrass the government. MPs from UPA allies would negotiate their way through the tenure of the JPC, adding to the Congress’ vulnerability. Above all, the evidence of wrongdoing against A. Raja, the disgraced former telecom minister, is so strong that the final JPC report will not be able to whitewash it even if it tried.

It is for such reasons that no government welcomes a JPC, particularly not in the coalition era. Unlike the past, a JPC is not easy to manipulate or pack with members of the ruling party.

Four JPCs have been set up in Indian parliamentary history: on two occasions by Congress governments (1984-1989 and 1991-96) and two occasions by the BJP-led NDA government (1999-2004). It is instructive that in all the cases, the governments went on to lose the subsequent election

A JPC can call in, say, serving and former law and finance ministers and ask them why they opposed the telecom minister’s policy, who they complained to, and what further action was taken or not taken. For the UPA, it can all get very messy.

As such, within weeks of its appointment, a JPC could leave the UPA government crippled. No wonder, at the dawn of 2011, the Congress’ mood is anything but sunny.

http://www.deccanchronicle.com/dc-comme ... adache-123

krisna · Post by **krisna** » 05 Jan 2011 02:23

To lighten the mood from the depressing scam--
1) Subhash Ghai was ahead of his times. He introduced 4G in 1989. A-G, oh-G, lo-G suno-G.(Ram lakhan song)

2) Raja scam explodes
A Raja is living proof that there is a pot of gold at the end of the spectrum. In India, scams have an alarming frequency. And now, with Raja, frequencies have an alarming scam.

3) Dear Manmohan Singh, it would be apt if you could sack our telecom minister using radio language :
Raja. Over and out.

4) Q : How do you fit 1000 media people in a hotel?
A : 998 in 499 double rooms. And Barkha & Sanghvi in the lobby.

saket · Post by **saket** » 05 Jan 2011 04:05

This is from the twitter page of Rahul Kanwal of Headlines Today https://twitter.com/rahulkanwal . Shows up the Chidambaram link in the 2G case .. most probably Chidu got the tapes leaked.

# PM coming in for more fire. Chidambaram's 2 G letter puts PM in very tight spot. Sr minister warned against loot, yet PM stayed silent. about 4 hours ago via web

# Chidambaram had objected to Raja's brazen ways, and suggested that auction should have been preferred over first-come-first-serve policy. about 7 hours ago via web

# HT has dug out an explosive spectrum letter. 5 days after 2G allocation, then finance minister P Chidambaram had shot a missive to PM about 2 hours ago via web

ramana · Post by **ramana** » 05 Jan 2011 04:07

What is keeping MMS in office, if not power is the trust and faith of a generation of Indians who thought by having him at the helm they could achieve the tryst with destiny which so far eluded them under the Nehru Gandhi family. They supported the N-G family and modernised themsleves and forsook traditions for this mirage. So if he goes, so goes their faith and into the void who knows?

Venkarl · Post by **Venkarl** » 05 Jan 2011 17:26

Woww...now Chidu's name....whoah...if all this is not an accident{to INC} and if its being planned and coordinated by someone(s)...I can only say "May your ideas spread and your clan grow"...All I wish is it should be some Nationalists and not external actors

but its really amazing to see one after the other propping up to screw INC in all Navarandhras....I wish I could have a peep into SG's mind

ashokpachori · Post by **ashokpachori** » 05 Jan 2011 19:37

2G revolt in Tamil Nadu: Alagiri threatens to resign unless Kanimozhi, Raja dumped

Things are not looking good at all for the DMK this election year as Tamil Nadu Chief Minister M Karunanidhi's elder son M K Alagiri has threatened to quit the party and his Union Cabinet post unless the top brass alienate 2G scam-tainted former minister A Raja and his half sister Kanimozhi.

http://www.indianexpress.com/news/2g-re ... ed/733669/

Raghavendra · Post by **Raghavendra** » 05 Jan 2011 20:21

CBI ka haath, Sonia ke Saath

Hearing on ‘Q’ case adjourned till Jan 6 http://www.zeenews.com/news678412.html

New Delhi: A Delhi court on Tuesday adjourned till January 6 hearing on the CBI's plea for withdrawal of the proceedings against Italian businessman Ottavio Quattrocchi in Bofors pay-off case.

ramana · Post by **ramana** » 05 Jan 2011 22:11

Now Diggy/ poodle wonders:

Digvijay Singh 'intrigued' by timing of ITAT order on Bofors

The timing of the Income Tax Appellate Tribunal (ITAT) order, which has led to resurfacing of the Bofors issue, has intrigued the Congress.

AICC general secretary Digvijay Singh on Wednesday posed a number of questions on the timing as also the content of the ITAT order that has been latched up by the opposition to target Congress and party chief Sonia Gandhi on the issue of corruption.

"It is intriguing. The case was to be heard on 4th of January and it came on 31st. The appeal was that of the late Win Chhadda's son. How did Quattrocchi's name came in...To the best of my knowledge, Win Chadda's case assessment order had no mention of Quattrocchi. How did this name find place in Appellant Authority's order," Singh asked.

His remarks have come on a day when finance minister Pranab Mukherjee has said that the government was examining the decision of the Income Tax tribunal in the Bofors case and will decide the future course of action later.

"As the law ministry has pointed (out), we are examining the (Bofors) papers. After that it will be seen," he told reporters when asked about the future course of action by the government on the recent ruling of the ITAT.

In its ruling, the ITAT had said that kickbacks of Rs61 crore were paid to the late Win Chaddha and Italian businessman Ottavio Quattrocchi in the Howitzer gun deal and they are liable to pay tax in India on such income.

The order further said, "... Inaction in this regard may lead to a non-existent undesirable and detrimental notion that India is a soft state and one can meddle with its tax laws with impunity."

Asked whether he sensed a "foul play" in the ITAT order, Singh gave an evasive answer.

"I am only saying that it is very intriguing" he said.

He said that though he has not seen the assessment order in Win Chadda case passed earlier "it should be seen in the assessment order that whether Quattrocchi's name was mentioned in that or not."

All worthy of being quoted! is he saying the ITAT is also saffron terror?

In other words he finds anything contrary to Nehru-Gandhi family interests to be the 'other' and rejects it.

Typical case of Baikul Theorem ennunciated in the pak news thread.

I mentioned he is turning Islamist and folks thought I was stretching it.

ashokpachori · Post by **ashokpachori** » 05 Jan 2011 23:03

Bofors case: Ex-CBI chief adds to Cong's worries

Former CBI Director Joginder Singh on Monday compounded the Congress's problem.

Singh minced no words in putting the ruling party in the dock over the CBI's role in the Bofors probe. Joginder Singh has clearly said that even the CBI probe had concluded that kickbacks were paid in the Bofors gun deal.

All documentary evidences were presented in court but successive central governments prevented the investigations from going further, he said.

http://indiatoday.intoday.in/site/Story ... rries.html

'Quattrocchi had free access to Gandhis'

http://indiatoday.intoday.in/site/

Sriman · Post by **Sriman** » 06 Jan 2011 00:08

^^
Wow, the gloves are coming off.

ashokpachori · Post by **ashokpachori** » 06 Jan 2011 00:36

Sriman wrote:^^
Wow, the gloves are coming off.

Congress = A nest of vipers.

Dhiman · Post by **Dhiman** » 06 Jan 2011 10:15

Venkarl wrote:Woww...now Chidu's name....whoah...if all this is not an accident{to INC} and if its being planned and coordinated by someone(s)...I can only say "May your ideas spread and your clan grow"...All I wish is it should be some Nationalists and not external actors

LOL. If someone is coordinating all this, they better be doing it for nationalistic reasons, otherwise we will have a bigger scandal soon

(such as how one cabal of corrupt managed to out another cabal of corrupt to make a bigger loot). But it doesn't look like the critical mass has been reached yet - there is much empty space in Tihar (with special corners with Radia and Raja names to begin with) since all the criminals have managed to become netas. Nautanki characters such as Bharka, et. al. would also be convicted if the full extent of law is applied. But who the hell am I - I have no idea of all the games these criminals play at the expense of national interest and poor population - just common law abiding citizen hoping for that light at the end of the very long dark tunnel.

but its really amazing to see one after the other propping up to screw INC in all Navarandhras....I wish I could have a peep into SG's mind

Ya, Kangress is being reminded of its bad karma. As a side note, I am reminded of certain terrorism laws, where if you are suspected of a terrorist activity, the onus is on you to prove your innocence. There should be laws like that for netas - if you are suspected of corruption, the onus is on YOU to prove that you are clean otherwise go to jail - the malaise runs deep and as this scam shows, it is getting more and more organized and coordinated.

Arjun · Post by **Arjun** » 06 Jan 2011 11:37

Why is the opposition being so conservative? Now is the time to be open with names.....http://www.telegraphindia.com/1110106/jsp/nation/story_13398948.jsp

BJP plots silent strike on Sonia
OUR SPECIAL CORRESPONDENT

New Delhi, Jan. 5: The BJP and the NDA will revive their campaign on Bofors but will stop short of directly attacking Sonia and Rahul Gandhi.

A meeting of the BJP core committee this morning firmed up the strategy to append Bofors in the larger “battle” against corruption after the income tax appellate tribunal in its order last Friday observed that Bofors had paid Rs 41 crore as commission to its agents Win Chadha and Ottavio Quattrocchi in contravention of government policy to not to allow middlemen.

“The difference between the past and now is that for the first time an arm of the government has established that there were kickbacks,” a committee member said.

The BJP has convened an NDA meeting on Thursday to finetune the Bofors offensive.

The issue will figure in a resolution on corruption the party plans to adopt at its national executive meeting in Guwahati on January 8.

Among the points it expects to flag are:

The contradictions in the tribunal’s judgment and the CBI’s probe, which denied payment of kickbacks.

“Why was Quattrocchi allowed to leave the country before a chargesheet was filed? Why was his bank account de-frozen?” a source asked, adding just a mention of the Italian businessman’s links with Sonia should do the trick.

The BJP is not keen to launch a personal attack on Sonia or Rahul because these have backfired in the past.

ashokpachori · Post by **ashokpachori** » 06 Jan 2011 16:14

2G scam: Lawyers seek contempt proceedings against Raja

NEW DELHI: Two advocates on Tuesday moved the Supreme Court seeking initiation of contempt proceedings against former telecom minister A Raja for allegedly attempting to influence a Madras High Court judge on behalf of two persons seeking anticipatory bail in a murder case.

http://timesofindia.indiatimes.com/indi ... z1AFQ8987Q

shyamd · Post by **shyamd** » 07 Jan 2011 03:23

ashokpachori wrote:2G revolt in Tamil Nadu: Alagiri threatens to resign unless Kanimozhi, Raja dumped

Things are not looking good at all for the DMK this election year as Tamil Nadu Chief Minister M Karunanidhi's elder son M K Alagiri has threatened to quit the party and his Union Cabinet post unless the top brass alienate 2G scam-tainted former minister A Raja and his half sister Kanimozhi.

http://www.indianexpress.com/news/2g-re ... ed/733669/

LoL! The Rowdy makes his move. He recently opened a certain industrial park in a TN city. So, D. Maran and Alagiri were present and being shown around. Person showing them around says 1200 people work in this factory in english. Alagiri replies in tamil (oh punand ayiram peru velai seirangalaa?) translation:"oh 12000 (twelve thousand) people work here". Surrounding people laugh, LOL! D.Maran corrects him. Moral of the story, Alagiri is a minister and the guy doesnt know the difference between thousand two hundred and twelve thousand. Thats the state of the country at the moment.

ramana · Post by **ramana** » 07 Jan 2011 03:27

Shyamd his move is twofold: clean out rivals and to reduce the taint of the 2g?

Raghavendra · Post by **Raghavendra** » 07 Jan 2011 12:46

Court holds Swamy's complaint against A Raja "maintainable" http://www.zeenews.com/news678983.html

shyamd · Post by **shyamd** » 07 Jan 2011 13:16

Ramanaji, yeah, clear out rivals. There is big politics between them and their families. Its very much like royals.

Karunanidhi as the King. Princes and princesses. Alagiri has bad advisors from what I hear and he's just a thug/gangster - he tried to tax Joy Alukkas the gold shop, they refused, so alagiri got govt department to dig up a huge hole (supposedly to lay pipes) in front of the shop. So Joy Allukkas calls up Dawood and 2 henchmen pay Alagiri a visit to his house. Supposedly death threats were made to Alagiri by these visitors. Problem solved.

No real base of supporters (more poor people than anyone else), no one wants him to take over the reigns and you can bet that he will lose.
Contrast this with Maran - he is organised like a royal court. He has 3 circle of advisors. His inner circle has many businessmen - like your paramounts and a few textile companies.
Maran is well respected in the IT role and there is a general confidence in him with the textile portfolio. Of course he has his own skeletons in the closet.

Friend used to say maran used to run night clubs and send police to other nightclubs and get them to book anyone who comes out.
Obviously its not as bad as what some of the others do.

You might want to watch out for the next gen: Daya Alagiri. Very young, currently runs (doubt he runs much) Cloud 9 productions.
People close to him say he's a good guy, doesn't abuse power too much. Although in his school days, he used to be surrounded by goonda's, but that's what you do when you are young.
D Maran has a younger brother?

Stalin has cancer and was in London for treatment, its being kept under wraps I think. Doubt he'll take over the reigns.

Vikas · Post by **Vikas** » 07 Jan 2011 14:06

OT but I still don't get it.
If Bofors was such a open and shut case, why could NDA govt not prosecute the culprits including people from N-G family? Same for 1984 Delhi Riots.
Why expect Kangress to hang itself if NDA could not pull the trigger. Knowing something is alright but proving it in the court of law is another.
I am sure 2G will end up as one of the scams of 21st century with no conviction just like so many others.
DMK will align with NDA once again in future and Raja/Alagiri/Maran will continue to be in Saddle a-la Mamta / Paswan.

AbhishekD · Post by **AbhishekD** » 07 Jan 2011 15:40

VikasRaina wrote:OT but I still don't get it.
If Bofors was such a open and shut case, why could NDA govt not prosecute the culprits including people from N-G family? Same for 1984 Delhi Riots.
Why expect Kangress to hang itself if NDA could not pull the trigger. Knowing something is alright but proving it in the court of law is another.
I am sure 2G will end up as one of the scams of 21st century with no conviction just like so many others.
DMK will align with NDA once again in future and Raja/Alagiri/Maran will continue to be in Saddle a-la Mamta / Paswan.

This is a strange way of looking at the problem. You are saying that INC is basically a CHOR aur agar tum mein dum hain to humko pakad kar dikhao. Strange logic. INC is supposed to rule us and not loot us. If they are looters then lets recognize them as looters.

Vikas · Post by **Vikas** » 07 Jan 2011 16:03

^ I am not saying what you are insinuating.

AbhishekD · Post by **AbhishekD** » 07 Jan 2011 16:57

^^ It certainly sounds like that. Mr Rajiv Gandhi lied to the entire nation when this scam broke out that no commission was payed. Then systematically and methodically the entire Bofor case was made weak and unsustainable by successive congress governments.

Finally when the NDA government came to power in 1998 a good one decade after the scam, it suddenly becomes the responsibility of the NDA government to expose these corrupt people. The congress logic is that hum chor hain aur humko pakad kar dikhao. We will spin a web of lies, deceit and legalese to escape any responsibility for the corruption, loot and overall degeneration of institutions in India.

The most recent example is 2G scam. Now they are attacking the CAG. Every institution that has stood up to the Congress corrupt machinery has to either fall or join this machinery. There is no other option. It is like Don Corlene saying "I will give you an offer that you cannot reject" and if you do then you will be dead.

In 2G scam they are not serious about prosecuting the culprits of the scam. Kapil Sibal is busy creating confusion and more legal hurdles in the path of prosecution to finally prosecute the corrupt. What is Kapil Sibal trying to do. He is trying to create a web of lies behind which the corruption can hide. Then again it will be the fault of NDA to not expose these thugs and looters and the looters have a right to destroy this country.

After systematic and complete degeneration of every institution in India to just serve the congress party, all of a sudden it becomes the responsibility of the NDA government of 6 years to fix every ****** institution in India. The congress party is supposed to just skin India and NDA government is supposed to save it. Is that what the deal is.

SSridhar · Post by **SSridhar** » 07 Jan 2011 17:09

Was just listening to Kapil Sibal's presentation on the 2G scam. That reminded me of this: A guy, talking about the Five Pandava brothers claims that like legs of the cot (already one down) they were three, then shows only 2 fingers to the listeners, writes 1 on the blackboard and then wipes that out too.

I was expecting Sibal to conclude the Press Meet by saying that it was indeed the GoI that owed these telecom operators a huge money. Except that, he did exactly everything like that mythical guy who described the Five Pandav brothers.

shyamd · Post by **shyamd** » 07 Jan 2011 17:15

Was Bofors the right choice out of the others in the race back then? I thought in Kargil, Bofors saved our backsides?

Sanku · Post by **Sanku** » 07 Jan 2011 17:36

shyamd wrote:Was Bofors the right choice out of the others in the race back then? I thought in Kargil, Bofors saved our backsides?

Had the Gandhi's not tarnished the defence procurement with the Scam in Bofors, there would have been no need for India to "have their backsides saved" by paltry few 155mm Guns, there would have been tons of Good guns (Bofors or any other) in service with IA.

The Bofors saga crippled the arty acquisition fatally (fear of fall out)

RMs and Chiefs are on record ruing this.

SSridhar · Post by **SSridhar** » 07 Jan 2011 17:46

Guys, the title of this thread is, "Two-G (2G) Spectrum Scam Tapes and follow-up", if reminder is needed.

Sachin · Post by **Sachin** » 07 Jan 2011 17:50

Sanku wrote:The Bofors saga crippled the arty acquisition fatally (fear of fall out)

If I am not mistaken the efficiency of the Bofors Gun was well noted during the Kargil conflict. IIRC, Bofors fire at very sharp angles etc. were the main plus points. I also remember some Congress-wallahs trying to come up with a theory that Bofors scandal was not a major problem and should be laid to rest, as the guns were quite good and help India win the war.

AbhishekD wrote:Now they are attacking the CAG. Every institution that has stood up to the Congress corrupt machinery has to either fall or join this machinery.

Quite true. Judiciary was some kind of the last fort to hold back, but with K.G Balakrishnan fiasco even that is slowly changing. The way of governance seems to be changing, and guess soon we would land up in a sham democracy.

Inder Sharma · Post by **Inder Sharma** » 07 Jan 2011 17:53

shyamd wrote:Was Bofors the right choice out of the others in the race back then? I thought in Kargil, Bofors saved our backsides?

On the contrary, a more potent argument can by made against corruption, by raising the following line, "Imagine what a superior gun like Sofma would have done?"

Murugan · Post by **Murugan** » 07 Jan 2011 19:32

Kapil sibal is a gentleman.

He has now openly acknowledge that there was a loss. but the figures given by CAG are erroneous. the figures may be very less, say few hundred crores which is negligible as per the tone and tenor of sibalji. It may be 1,75,699 crore if he is a bit chanakian.

madhu · Post by **madhu** » 07 Jan 2011 20:25

He has now openly acknowledge that there was a loss. but the figures given by CAG are erroneous. the figures may be very less, say few hundred crores which is negligible as per the tone and tenor of sibalji.

well kapil sibal's madarasa mathematics can really show that the loss could be even couple of rupees onlee, why don't you people believe him?

Murugan · Post by **Murugan** » 07 Jan 2011 20:39

madhu-ji sawal wo nahi hai.

sawal ye hai ki loss sirf 2-5 rupaye ka hi tha to raja babu ka resignation kangress ne kyoon liya.

Raja babu tu kaisa imaandaar nikla
chor samja tha mein thane daar nikla

why congress asked rajababu to leave the govt? kya raja babu ye bata nahi sakte the? the same thing rajababu would have told better than our bhole bhale sibbalji bcoj raja babu knew telecom ministry like back of his underhand. now raja babu could not find but HRD minister found it out, that it was erroneous on part of CAG.

kitta imandar, integrated sarkari approach, hai na?

दुर्लभं भारते जन्म

I am so proud of you sibbalji. Aap ke jaisa imaandaar or smart puri cabinet mein nahi hai but tell me if there was no loss as you suggest why raja babu left you, hain ji, joker ji.

Murugan · Post by **Murugan** » 07 Jan 2011 20:46

e lo ji,

this farce of "2 rupees loss" haunts NDA now, NDA says it was only presumptive one rupee loss when they were in power.

Hitting back at Telecom Minister Kapil Sibal's claim of Rs 1.5 lakh crore loss to exchequer in the 2G spectrum allocation during the NDA regime, former Telecom Minister Arun Shourie today termed his calculations as "presumptive".

Shourie, who served the ministry in 2003, defended the change in policy by the NDA government saying if the shift had not come about, the whole sector would have collapsed.

"These presumptive loss calculations are always misleading and that itself destroys the illustrative figures that Mr Sibal gave for the NDA saying Rs 1.50 lakh crore, that's another presumptive calculation," Arun Shourie told a private channel here.

Sibal, while talking to reporters here today, said the change in policy by the NDA regime in 1999 from fixed licence fee to revenue share regime caused a "net" revenue loss of Rs 1.50 lakh crore and questioned CAG's estimates of presumptive loss at Rs 1.76 lakh crore due to 2G spectrum allocation.

http://www.indianexpress.com/news/loss- ... ie/734713/

Sanku · Post by **Sanku** » 07 Jan 2011 22:14

2G scam harms national security, says Swamy

http://ibnlive.in.com/news/2g-scam-harm ... ml?from=tn

They not only got it but within months they sold it foreign companies. These two foreign companies according to the Home Minister are ISI controlled. In fact one of the board members is said to be an associate of Dawood Ibrahim. That brings in the question of national security.

suryag · Post by **suryag** » 08 Jan 2011 06:13

TVR Shenoy on rediff

[urlhttp://www.rediff.com/news/column/column-india ... 110107.htm]Greed is good; excessive greed even better

[/url]

Lots of yet to come facts

Here are two stories that I heard recently on the Delhi [ Images ] circuit, either or both of which might break at any time, probably sooner rather than later.

The first concerns one of the most significant developments in the 2G Scam. A certain wing of the government -- suffice it to say that it is not the Central Bureau of Investigation -- has come across a certain cheque. It was paid to someone in the highest echelons of the DMK, and is damning evidence of involvement in the 2G scam.

The second story started with a very senior civil servant and his brother-in-law -- they are married to sisters -- who came under the scanner for one reason or the other. While looking into this case the investigators tapped the brother-in-law's phone, and came across a hideously incriminating conversation with a third individual.

Very briefly, this third person has been recorded telling the bureaucrat's brother-in-law that a judgment was expected on a certain day and naming a certain sum of money to ensure that it would be favourable

As has been widely reported some questionable entities were paid money in Britain during the Queen's Baton Relay ceremonies. It sounds utterly idiotic but someone thought the profits they had already made were not enough; this genius then came up with the bright idea of asking for a VAT rebate, some 13 per cent more.

This led to the tax authorities asking for documentation, leading to the first proper proof of wrongdoing in the saga of the 2010 Commonwealth Games.

Very briefly, the income tax authorities held that Win Chadha, one of the chief actors in the Bofors saga, owed Rs 52 crore in unpaid taxes from the assessment years 1987-1988 through 1993-1994, and a further Rs 85 lakh for the assessment years 1995-1996 to 1999-2000. This was contested by Win Chadha's son Hersh, and the case ended up before the Income Tax Appellate Tribunal.

This tribunal went into the entire case, ultimately ruling that bribes were paid to a host of people in the Bofors case. Given the ramifications of the Bofors case, it is amazing that anyone actually bothered to contest the taxman's initial ruling.

Had the dues been paid immediately it would have saved the Congress -- not to mention Ottavio Quattrochi and the memory of the late Win Chadha -- a world of embarrassment.