The Great Indian Political Drama - 1 (Oct 2017 - Mar 2018)

[SSundar]

These kind of silly memes may work only in states like KL,

Oh I feel sooo insulted. Tamil Nadu can beat KL in this game any day of the week and twice on Sundays. Please give them credit .

[MehtaRahulC]

There are stories that fraud was done by mere two bank employees using SWIFT, and due to absence of automatic link between SWIFT and CBS , apex guys didnt come to know.
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But every quarter end, there is manual reconcilation of SWIFT and CBS. (I know because my cousin is CA, and audits many bank branches in Ahmedabad/Surat and I just spoke to him yesterday). So small frauds may remain unnoticed for a few months or years. But a large amount like this will get noticed by Regional Managers and Chairman within 3 months . And within 6 months to 1 year, RBI Guvs and FinMin will also come to know. There are special officers in FinMin and RBI who are to focus ONLY on large frauds . So much so, that they are explicitly told not to waste their time on tiny Rs 10 crore frauds and pass such peanuts to other juniors, so that they can spend time ONLY on large amount transactions. There is NO way they can miss the reports, unless they were told to ignore it
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And ignoring frauds is ROUTINE in banking !! When market goes up, the fraudsters makes money from market and pays up, and loans close, so the entries dont even show up later. This Nirav Modi dude was hoping that growth rate of India would be 10%, and so everyone will rush to buy diamonds for their wives, mistresses, GFs etc and so diamond market will rise and he will make enough money to pay back all this fradulent loans. But vikaaas got delayed, and his plan failed !!!
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IOW, it is more than routine to ignore frauds because Ministers want to promote elitemen dear to them.

And there is one more reason. The main reason why both finmins, both PMs and both RBI guvs decided to ignore the frauds was so that PSU banks get ruined, and then one can make case to privatize the PSU banks. That way, PSU banks can be passed away to usuk-elitemen.

So both FinMins, both RBI guvs and both PMs knew about this ongoing LOU frauds in PNB. You all can cry as much as you want --- but no one who is familiar with bank auditing will ever believe these cock and bull stories that "PNB Chairman didnt know, pat or present RBI Guvs didnt know, past or present FinMins didnt know, past or present PMs didnt know" stories. They all knew. And everyone now knows that they knew.

Now you all may work plots and scripts to save NaMo and Jetley from questions like "why NaMo / Jetley didnt act till now?". You can hire best script writers to make excellent scripts. But at the end of the day, you will be serving entertainment only.

Instead better work to create a story that "Ahmed Patel will become PM if congress wins may-2019 election". Because it was "Ahmed Patel will become CM if Congress wins gujarat assembly dec-2017 election" information that saved RSS = BJP. Thats the ONLY thing that can save RSS = BJP and Modiji now. Nothing else will.

[Aditya_V]

I agree that the media story is cock and Bull, everyone including the so called brilliant Raguram Rajan would have known about the fraud. Please remember June 2014, 5 years of 6.5% deficit Govt is Bankcrupt. After Oct 2013 currency crash- official Gold imports are Banned, PSU OIL companies are not are defferring Oil Purchases, Govt subsidies for Fertilizer etc. are being paid via PSU Bank debt. Do you announce to the whole world the NPA mess which the RBI Governor has kept silent on and collapse the Economy? With the Bureaucrats, courts and systems all corrupted out , it would have been easy to hide this stuff after the next elections. Now things have stabilised, they have deceided to take on the Industrial mafia which had a run on the Banks along with Big Business. The only problem a lot of ex Top ministers are also top Lawyers and seem to have a lot of control on the legal system.

[Kabir]

Absolutely not. Congress image has been calcified as that of a big time corrupt, and people also can see that BJP is getting royally trapped/owned by Congress by unearthing UPA scams.

Congoons will never be successful in doing equal equal in this case.

Please search twitland for #From1Modi2another. Nothing's impossible in India. Yes we can .

So Congoons and their minions spread around these memes on twitter, and we should assume that people, especially the voting blocks of BJP will perceive BJP = Congrress in corruption?

Yes, this is the Indian illictorate we are talking about.

[Aditya_V]

I agree that the media story is cock and Bull, everyone including the so called brilliant Raguram Rajan would have known about the fraud. Please remember June 2014, 5 years of 6.5% deficit Govt is Bankcrupt. After Oct 2013 currency crash- official Gold imports are Banned, PSU OIL companies are not are defferring Oil Purchases, Govt subsidies for Fertilizer etc. are being paid via PSU Bank debt. Do you announce to the whole world the NPA mess which the RBI Governor has kept silent on and collapse the Economy? With the Bureaucrats, courts and systems all corrupted out , it would have been easy to hide this stuff after the next elections. Now things have stabilised, they have deceided to take on the Industrial mafia which had a run on the Banks along with Big Business. The only problem a lot of ex Top ministers are also top Lawyers and seem to have a lot of control on the legal system.

[gauravsh]

Saw Aiyaary today. Its loosely based on TSD created by Gen V K Singh. Overall a badly scripted movie, but puts faith back in NDA govt remembering the horrors of those dark days.
P.S. : For a change they even got a ranger badge on guy portraying the General.

[MehtaRahulC]

http://indianexpress.com/article/india/ ... t-5065784/

Gujarat: Dalit activist sets himself on fire over delay in land allotment

.... Dalit activist Bhanu Vankar set himself on fire outside the Patan Collector office on Thursday to protest delay in allotment of land to Dalits by the government in the district. Vankar (61) was admitted to hospital. He suffered 96 per cent burns, according to doctors. ... A member of Jignesh Mevani-led Rashtriya Dalit Adhikar Manch, Vankar along with fellow Dalit activists Hema Vankar and Rama Chamar had submitted a letter to CM Vijay Rupani on January 17 stating they would perform “agnisnan” (fire bath) if the land is not allotted to Dalits at Dudhka village in Sami taluka of Patan district. Dalits in the village have been demanding allotment of land for the past three years under a government scheme, and some had even deposited money with the government. ......
=============================== end of news --- click link to see more =====

The problem of poverty and haplessness in Dalits is serious. Solution I propose is DIRECT deposit of all mineral royalties and govt land in accounts of citizens. This will remove poverty in 3 months. And wealth tax of about 1% of market value of on all private lands (not to be distributed but for govt expenses) will further increase prosperity. But apex leaders and congress/rss/aap workers oppose these proposals. And instead these congress/rss/aap leaders and workers propose "growth and development" as solution !!! Well, this vikaaas will take some time, I guess. And meanwhile restless poors and dalits and particularly poor dalits may resort to such forms of protests, but will eventually may end up siding with missionaries. And Missionaries will give them poison that all their miseries are due to uppers, and also give them guns to end their miseries.

Imo, nationalists should understand now that congress/rss/aap are NOT interested in improving well being of poors - be dalits or uppers. And so more and more poor will end up resorting to such activities. And afais, ONLY solution is print law-drafts that will reduce poverty. And nationalist should also note that congress/rss/aap workers may oppose these laws to reduce poverty and solution is to form a political electoral alternative to congress/rss/aap. Or, prepare for newindia where Dalits are joining Missionaries en-masse.

[Sicanta]

http://www.opindia.com/2018/02/stunning ... ssion=true

[Supratik]

Tribolite,

There is nothing in that IE article you posted that suggests corruption on part of CBI wrt Mallya. It clearly says Mallya was co-operating and hence allowed to go abroad. Similar to what is happening to Karti Chindambaram.


My guess is that PNB officials got to know of the scam before the date they are saying and someone alerted Nirav Modi. The entire family and partners have left India. Goes to show how corruption is endemic.

[sbajwa]

The only way out of this is by instilling fear and push baboons into submission. Suspending them or removing them from jobs won't do anything. Something more harsh is needed.

That is a bad idea. What we need is opposite of what you are saying. We need them to be independent and work for India rather than be subservient.

If our law administration, CBI, Police, Judiciary were completely independent, as they are supposed to be, we would a completely different nation.

That is not a bad idea at all! The world over people pay for their incompetence., get written up and eventually lose the job.

[chetak]

[chetak]

PNB - Mera Apna Bank.
This is what #NiravModi also thought.

[chetak]

twitter

If you put money in bank - Nirav Modi will take. If you put money in cricket - Lalit Modi will takes. If you keep Money at home Narendra Modi takes. Best to spend it

[Trilobite]

Tribolite,

There is nothing in that IE article you posted that suggests corruption on part of CBI wrt Mallya. It clearly says Mallya was co-operating and hence allowed to go abroad. Similar to what is happening to Karti Chindambaram.

Look at it this way - Mallya was allowed to go abroad only because sometime in Nov. 2015 CBI changed the clause in his lookout notice else he would have been stopped by the immigration.

Certainly it is hard for IE to prove CBI's corruption, for that you will need Lokpal. A case like this also emphasises the need of a Lokpal.

[MehtaRahulC]

http://indianexpress.com/article/india/ ... i-5067109/

Most of Nirav Modi’s fraud LoUs issued or renewed in 2017-18, says CBI

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So its clear that not just MMSg/Chidambaram/Raghuram , but also Jetley/Urjit took bribes in from Nirav Modi dude to ignore fradulent LoUs, And of course, present and previous PNB apex officers and present and previous apex FinMin IAS

Forum rules prohibit members from making bribery allegations against PM Sri Modiji, though in past making bribery allegations against MMS was allowed. So I am NOT making any corruption allegations against Sri Modiji here.

Now people in Haryana RSS hunkar rally got Rs 500 to attend, plus Rs 200 of petrol, acheap helmet, a cheap jacket etc and also some food. To that, add money need to rent all chairs, carpets etc. All this was hard earned post tax money of RSS workers which they had donated to RSS on guru purnima !!! Right? Because there is no way PM Sri Modiji will ever allow any nefarious income to get inside RSS. Right?

"I dont take bribe, I wont let anyone take bribe" was a 12 year old sick Gujarat level joke. And now whole nation knows that it is a sick national level joke. So now pls try something better in may-2019 campaign.

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Solution I have proposed for dealing the scams is Jury Trial and narcotest in public on ALL accused, IAS, Ministers except PM.

And how to prevent future NPAs? Solution is NOT privatization of PSU banks. Privatization of PSBs is imo the MOST corrupt decision that one can take and I think SoMoKe will eventually take that decision. The solution I propose is that all PSBs should be merged into SBI, Right to Recall over SBI Chairman, Jury System over SBI staff, 0% ( yes zero % ) interest on deposits and loans will be given ONLY to individuals for specific uses such as education, buy one home, medical etc. All those who want loans can go to share market. The SBI should confine to fund transfer and storage ONLY. All charges for fund transfer will be collected from account owners. Details are OST.

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Look at it this way - Mallya was allowed to go abroad only because sometime in Nov. 2015 CBI changed the clause in his lookout notice else he would have been stopped by the immigration.

Certainly it is hard for IE to prove CBI's corruption, for that you will need Lokpal. A case like this also emphasises the need of a Lokpal.

Imo, NO. Both Lokpal and Janlokpal were and are utterly nonsense and utterly useless proposals. Its another matter that no Indian leader, including Modiji, could muster courage to speak the truth that "Lokpal and Janlokpal are useless nonsense concepts". And so this is nonsenses of Lokpal and Janlokapal went on for 2-3 years. But at the end of the day, we all knew that it was just a nonsense meant to create a political career for ArKe and Kiran Bediji.

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In a separate news, the Dalit activist who had set himself on fire two days back in Patan, Gujarat died yesterday. There is a huge shokshbha for him across Gujarat cities and towns and villages today (or may be tomorrow). The Dalit activists self immolated himself because Patan District Collector was not giving them land to some 50 - 100 Dalit families for the land they had lost. And these families had paid Rs 20,000 in year 2013 as asked by Govt of Gujarat for the land they were to get in year 2013 !! The collectors mostly delay because they want bribes. Otherwise, administration is so fast, that people like Nirav Modi get LoU within days after they apply. Islamists and Missionaries will now approach Dalits that they should convert rather than self immolate. Solutions are OST. But earlier the nationalists dump psuedo-hinduvaadies and psuedo-nationalists, better,

[Trilobite]

http://indianexpress.com/article/india/ ... i-5067109/

Most of Nirav Modi’s fraud LoUs issued or renewed in 2017-18, says CBI

=============

So its clear that not just MMSg/Chidambaram/Raghuram , but also Jetley/Urjit took bribes in from Nirav Modi dude to ignore fradulent LoUs, And of course, present and previous PNB apex officers and present and previous apex FinMin IAS

Forum rules prohibit members from making bribery allegations against PM Sri Modiji, though in past making bribery allegations against MMS was allowed. So I am NOT making any corruption allegations against Sri Modiji here.

Now people in Haryana RSS hunkar rally got Rs 500 to attend, plus Rs 200 of petrol, acheap helmet, a cheap jacket etc and also some food. To that, add money need to rent all chairs, carpets etc. All this was hard earned post tax money of RSS workers which they had donated to RSS on guru purnima !!! Right? Because there is no way PM Sri Modiji will ever allow any nefarious income to get inside RSS. Right?

"I dont take bribe, I wont let anyone take bribe" was a 12 year old sick Gujarat level joke. And now whole nation knows that it is a sick national level joke. So now pls try something better in may-2019 campaign.

AFAICT there is no such rule on this forum, and if there is then I have not seen it.

[Deans]

I am a supporter of this Govt and particularly Modi ji. However, I am extremely concerned over this scam and the fallout to date, for the following reasons:

It was known that banks had lent thousands of crores for gold plated proposals where the borrowers had no intention of returning the money. That pointed to either utter incompetence of the banks (and the RBI, whose representative is on the board and oversees big credit decisions) or political corruption. Not a single case of either, has been established, in a single bad loan case. No one has been prosecuted. What stops the Govt from picking up a retired bank director and grilling him ?

Many of the current PSU bank leadership are corrupt and supporters of the old regime. Why have PSU bank head vacancies not been filled ?

Why has the govt not commented once about the shocking lack of supervision by RBI either in sanctioning bad loans or banks not following the most basic control an audit procedures ?

No action taken in the other 8670 cases of loan frauds which have been uncovered. The total impact of these can bring down the Indian banking system. I understand most may have happened in the UPA time but can the govt at least detail action taken, no of FIR's filed, money recovered etc ?

[Sachin]

It was known that banks had lent thousands of crores for gold plated proposals where the borrowers had no intention of returning the money. That pointed to either utter incompetence of the banks (and the RBI, whose representative is on the board and oversees big credit decisions) or political corruption.

I don't think one man (or even one government alone) can just ensure that every single entity in the country would start working perfectly starting 2014. We are a corrupt society, so time and again shady business deals would happen and go unnoticed for some time. But what Modi & Co should do is to at least make things work quickly, and see to it that justice is done. And it was these very same PSU banks (and their head-honchos) who played an important role in the De.Mo exercise .

At the end of around four years of Modi rule, the only positive thing which they can still say is that the govt. has so far not been involved in corruption, and the ministers do seems to be above corruption (unlike A.Raja, Zero loss Sibal and MMS who was the duty watchman). De.Mo also remains a 50-50% success case. But apart from that, there has not been very many successful prosecutions, or cleaning up of systems.

[Singha]

Deans you are right. the GOI is panicky right now and a 24x7 crisis room is supposedly being run in FinMin chaired by Fin Secy in person with officials from ED, CBI, IT etc. 100s of cases have been filed overnight, 100s of accounts frozen and tens of properties attached. overnight some 5500cr of diamonds have been seized and his passport frozen. this must be fastest goi activity in history of the nation.

I believe from Sept15 (per another member) onward the Govt has forced banks to come out clean on NPAs and declare them as bad instead of hiding them in the books to save face and kursis.

the organized loot of our money from tax by big business, small business and politically sponsored loan mela type things/chacha bhatija loans have been going on forever. my father was a lifelong banker and he used to HATE these loan melas under political diktat because they knew not one dime would come back. being from agrarian state then, there was not much of business loan activity so he was saved from MLA/MP types putting pressure to advance loans...but i can understand it happens big time in more industrial states.

ultimately its better to face the facts and know the truth, perhaps it will energize the public to make it a voting issue and put a stop to this thievery by the neta-business combo.

[Singha]

nirav modi would have retained a belgian passport or obtained a usa passport via his wife who is a us citizen. neither of these two would care if he obtained indian passport by false declaration, it is anyways cancelled now.

he will unveil that when extradition demand is placed. efforts must be on via paid US congressmen to get him a usa passport if need be.

I doubt him and choksi will be brought back here.....a lot of people would never want a full khulasa of his dealings in court.

[Indrad]

Deans you are right. the GOI is panicky right now and a 24x7 crisis room is supposedly being run in FinMin chaired by Fin Secy in person with officials from ED, CBI, IT etc. 100s of cases have been filed overnight, 100s of accounts frozen and tens of properties attached. overnight some 5500cr of diamonds have been seized and his passport frozen. this must be fastest goi activity in history of the nation.

bingo Singha ji...hasmukh aadhia is very close to modi sir and far more powerful than Jetli himself as per hearsay from north block.

[Singha]

INC is eerily quiet, which means they have good stuff and are waiting for right moment....no point useless kejriwal type shouting in such cases.

no wonder goi looks like deer in headlights and eager to be seen as "doing everything on heaven and earth"

[Singha]

New Delhi: The total fraud in the Punjab National Bank (PNB) scam maybe over Rs 11,400 crore as rollovers from 2012 have not been added in the current outstanding liability.

"Exact liability is not known, so far we are aware of approx Rs 11,400 crore liability. Rs 11,400 crore is the current outstanding, not including rollovers from 2012," PNB management told CNBC-TV18.

[Singha]

as predicted....india does not allow dual citizenship....so he held on to his belgian passport and did not turn it in when he got the indian passport. or he got belgian passport on the sly after indian passport.


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Nirav Modi and his brother Nishal grew up in Belgium, known as the centre for international diamond trade. Intelligence sources said Nishal surrendered his Indian passport and acquired Belgian citizenship. Nirav declared himself an Indian citizen.

New Delhi: The Indian government has suspended Nirav Modi’s passport, but it has now emerged that the man at at the centre of the Rs 11,400 crore Punjab National Bank (PNB) scam may be holding dual citizenship.

It was known among the close-knit Palanpuri Jain community that Nirav held dual citizenship, the Tribune reported quoting sources.

[Trilobite]

I understand most may have happened in the UPA time but can the govt at least detail action taken, no of FIR's filed, money recovered etc ?

You need to read this:
PNB 11,400-crore scam: CBI says most of Nirav Modi’s fraud LoUs issued or renewed in 2017-18