Fwd: If True it is Shoking

[CHANDRA SHEKHAR BORKAR]

Presenting PC at his best 

Regards and Best Wishes
C B BORKAR

---------- Forwarded message ----------
From: Chandrakant Matange <cmat...@gmail.com>
Date: 23 August 2011 21:13
Subject: If True it is Shoking
To:

Father and philosopher of Black money is Chidambaram

August 3, 2011



Palaniappan Chidambaram, whom I shall for the sake of brevity call just

Chidambaram, is best seen through black and white. And please don't get me

wrong and accuse me of racism. I refer not to epidermis or mane, but to the

economic colour of money. Some of his greatest contributions to the economy

of India are his brilliant pioneering initiatives for changing the colour of

money from black to white. And this passion has never left him.



Many of us have forgotten the Voluntary Disclosure of Income Scheme (VDIS)

1997, which he announced when he was Finance Minister with the United Front

government, granting income-tax defaulters indefinite immunity from

prosecution under the Foreign Exchange Regulation Act, 1973, Income Tax Act,

1961, Wealth Tax Act, 1957, and Companies Act, 1956, in exchange of

self-valuation and disclosure of income and assets.



The scheme was brilliantly conceived. While all schemes in the past valued

declared assets at current prices, VDIS 1997 brought in an arbitrary date of

1 April 1987. Gold and silver hoarders, and large property holders got an

exceptional bonanza on this valuation system. Further, proof of purchase was

not insisted upon, which gave complete freedom to the confessors to fudge

any date they wanted to their own financial advantage and further plunder of

the country.



So, even if gold was bought after 1987, it could be shown as having been

bought before 1987, and it was a win-win game for all stakeholders to rake

in the cuts. The Comptroller and Auditor General of India condemned the

scheme in his report as abusive and a fraud on the genuine taxpayers of the

country. But the issue was forgotten, and the illustrious career of

Palaniappan Chidambaram rose to greater heights in the UPA regime.



Those were his innocent days. What a long way he has come since the era when

he was cooking up VDISs, so utterly transparent, that the loopholes and

avenues to give relief to the looters stared you in the face. The world

economy was also then a little simpler than it is today, and his best

achievement was getting caught about his investments in Fairgrowth, which

was involved in the Securities Scam of 1992.



Chidambaram had to resign for this utterly transparent investment in a

company whose scam would have paid rich dividends. Unfortunately, he was not

Finance Minister at the time and did not have the machinery to hush things

up, and could only remotely control the markets, unlike his present

capabilities as former Finance Minister and thereafter.



Being Finance Minister in the UPA government was his finest hour. He could

fiddle around with share markets, capital markets, banks, financial

instruments, such as, securities, participatory notes, tax treaties, not to

speak of spectrum sale, and use his extraordinary innovative powers of black

money magic to plunder our country with complete impunity.



He assiduously cultivated the media with his clipped English accent (that

led him down, now and then), occasional freebies, and sustained shadows of

the Enforcement Directorate that he commanded.



Chidambaram cannot get black money out of his blood. Dr Subramanian Swamy

has clearly stated in his website, "I now have further information from my

usually reliable sources in the Union Government that the tapping of Finance

Minister Mr. Pranab Mukherjee and his close associate in the Ministry,

enabled Mr. Robert Vadra the son-in-law of Ms. Sonia Gandhi and Mr. Karthik,

son of Mr. P. Chidambaram, to use the data thereby collected to manipulate

and rig the Mumbai stock market. Earlier these data were directly provided

by the then Finance Minister Mr. Chidambaram. I demand that the SEBI be

asked by PM to initiate 'Insider Trading' investigation and prosecution of

Mr. Vadra and Mr. Karthik."



If what is put out by Dr Subramanian Swamy is false why doesn't Chidambaram

sue him?



The dark clouds of the 2G scam and the repeated evidence being given by A.

Raja and other accused of his tacit involvement and other acts of omission

and commission are menacingly closing in on Chidambaram. He is losing his

cool, and more importantly, losing his carefully clipped English accent to

its more indigenous roots more often.



And like his colleague Digvijay Singh, his mind seems to be disintegrating

to a stage where he has started talking gibberish. Take this, for example:

in reply to the BJP demand for his resignation for his involvement in the 2G

scam, Chidambaram claims that the BJP is targeting him since he initiated a

probe by the NIA into Hindu terror. Can any rational person see the

connection between the two?



Take also his comments regarding the recent Mumbai blasts. As Home Minister,

instead of taking stock of the situation, and providing leadership, the only

intelligent thing he could think of saying was, "No intelligence is not

intelligence failure." Even a college debating society expects better logic.

It's something like saying "illness is not a failure of health" or

"impotence is not a failure of potency".



Chidambaram's special financial skills have diversified into electoral

politics also. He has the distinction of having been declared defeated in

the last Lok Sabha election, after which he galvanized his special skills

and local machinery, in particular, a data entry operator, and doctored a

marginal victory on the recount. That is quite a record for fraud. And can

one forget how the Indian Bank was cleaned up and left with only

non-performing assets thanks to him and his Tamil Maanila buddies?



Chidambaram's record as Home Minister has been disastrous. Neither has he

made any impact on internal security, with the worst massacres of his own

paramilitary forces taking place in his time, nor on terrorism, which

carries on in complete complacency because there are neither effective

preventive or punitive systems in place, nor political will and national

legislation to combat terrorism. It is on record and in the public domain

that the Home Ministry gave incorrect names of India's most wanted list of

terrorists allegedly hiding in Pakistan, some of whom were tracked living in

India or in custody. Is this a testament to his fabled efficiency and

commitment?



What a laughing stock we must be before the world. It is almost as if India

is determined that it shall not combat terrorism, shall not have enabling

legislation as enacted by the US, such as the Homeland Security Act 2002,

and the Prevention of Terrorism Act 2005 of UK and similar legislations in

European governments. India is determined not to have an effective national

agency on the lines of the Homeland Security Department of the US.



The ramshackle National Investigation Agency showed itself as a complete

failure during the recent Mumbai attacks. Understandable, because its only

mandate appears to be to investigate "Hindu terror", the last refuge for

failed and hopeless Congressmen like Chidambaram. The CCTNS, JIC, ARC, NTRO

(presently in another scam), and NCTC remain effete, scattered and

unmonitorable, even by the Home Ministry. With such an unequivocal

determination by the UPA government not to address terrorism effectively, I

can only grieve for my country.