Whether Dr. Montek Singh Ahluwalia is an honest Bureaucrat to the National interests?
Milap Choraria
Subject: Whether Dr. Montek Singh Ahluwalia is an honest Bureaucrat to
the National interests?
To: "Montek Singh Ahluwalia Dy Chairman Planning Commission" <d...@nic.in>
Cc: "Her Excellency President of India Smt. Pratibha Devisingh Patil"
<presiden...@rb.nic.in>, "K.C Jayarajan"
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Date: Saturday, March 21, 2009, 7:14 AM
Whether Dr. Montek Singh Ahluwalia is honest to National interests?
Dr. Montek Singh Ahluwalia, with a 10 member Indian delegation,
recently was in London , for Finance Ministers and the Governors of
Central Bank's, meeting for the forthcoming G20 Summit. Being a
Citizen of India, I am keen to know that whether Dr. Montek Singh
Ahluwalia is an honest Bureaucrat to the National Interests, or
working for the interests of the people having vested interests?
Since, it is not clear that, whether Indian delegation led by him, had
shown any interest in the issue of the proposal for the international
regulation of the hedge funds, controlled by Tax Haven Centers
including Switzerland, Austria, Luxembourg and many offshore finance
centers.
Why?
These Centers having more than US$11-trillion, including about
US$7-trillion in Swiss Banking System, out of which about
US$1.5-trillion may be from India alone, according to a secret report
published by Swiss Banking Association, forwarded me by some one, is
now circulating here and there.
Recently, Some Public Officers from the Public Authorities cautioned
me that by raising such important issues, with reference to the
Powerful People, I am taking a very serious risk to my life and
liberties. However, ignoring such caution, I want to add one of my
past experience from the then Office of the Finance Secretary to the
Government of India. In or around 1995, I was a member of 2 Sub-Groups
: (1) Finance and (2) Raw Materials, under the Group constituted by
the Government of India, to study for the 9th Five Year Plan, with
regards to SSI Sector. During the said period News was published in
the Business Standard that a German Bank offered a Loan of Rs.100
Crores to National Small Industries Corporation (NSIC) on the
concessional @1% Per Annum. Within few days the then Chairman of NSIC
Mr. Ahamad, given a lunch to Chairman of the aforesaid Sub-Group and
me. During the lunch, I wanted to know that whether benefits of the
concessional rate of
interest, would be transferred to the NSIC’s borrowers from SSI
Sector or not? His reply was negative, without any reason. However,
within about two months, Chairman of the German Bank was coming to
India, and our Organisation Indian Council of Small Industries (ICSI)
was amongst 8 Organisations, directly connected with the program
relating to Fund, through aforesaid Loan, if could have been availed
to the NSIC. So considering my curiosity, the then Chairman of NSIC,
conveyed me that Chairman of said German Bank is coming to India and
will stay in the Mourya Sherriton Hotel of New Delhi. I telephoned Mr.
S. S. Singhania, Chairman of aforesaid Sub-Group, who was also the
President of ICSI, whereas, I was its Hony. Gen. Secy. Mr. Singhania,
rushed for Delhi. We both met with the then Chairman of German Bank.
He initially offered us that his Bank is inviting Two Representatives
each from the aforesaid 8 Organizations, so we both should get
prepared,
to participate 7 days Seminar Program and 7 Days Sightseeing program,
fully at the cost of the German Bank. We accepted the offer. However,
I was more interested to know the true story, if prevailed behind the
scene of the aforesaid Loan offered to NSIC. During the discussions, I
understood that German Bank’s own penal from Germany, will charge 12%
Per Annum on account of Risk Guarantee for Foreign Exchange Rates. It
means actual Interest rate was 13% not 1% as falsely claimed by that
German Bank. Besides, Loan was for a long period of the 40 Years.
However, before ending the meeting Chairman of German Bank claimed
that I am a Personnel from some Investigating Agency thus he withdrawn
his offer which was for 15 days German Tour.
In my mind the aforesaid Loan Proposal was aimed to ensure "Loot" of
Indian Revenue, for long 40 years by German Bank. It was earlier
reported by Mr. Ahamad that the respective agreement would be signed
as Tripartite Agreement. It means agreement was required to be signed
by the Government also, under the Nod of Finance Secretary. At that
point of time Dr. Montek Singh Ahluwalia was Finance Secretary. During
our meetngs with him I have seen his World Bank Mindset (See my Photo
with Ahluwalia at http://milapchoraria.tripod.com/msp).
So I was fully satisfied that Dr. Montek Singh Ahluwalia, must have
been informed about all the impacts of the aforesaid Loan proposal,
while he might have knowingly ignored to raise objection of the Loan
for the reasons best to him. As such I send a Letter addressed to the
Finance Secretary with his personal kind attention that if the
Agreement is executed, matter will be dragged into the Court. Finally
agreement was not signed.
Therefore, with regards to aforesaid recent tour of London under the
leadership of Dr. Montek Singh Ahluwalia, few important questions are
arises which should be answered by him, as are very much concerned to
the National Interests:-
(1) Whether 10 member Indian delegation, recently was in London ,
for Finance Ministers and the Governors of Central Bank's, meeting for
the forthcoming G20 Summit under his leadership assumed that no black
money from India is deposited in any of the Tax Haven Centers,
including Swiss Banking System?
(2) If not so, then why Indian delegation under his leadership, not
raised the important issue to support the pressure mounted by
delegates from the France and Germany and some other European
Countries, though they are not supported fully by USA, to put on a
show of collective action with the announcement of a crackdown at the
London summit?
Why, if any of the following reason are not exists?
(1) Whether any member of Indian delegation has any Secret Account
in any Tax Haven Center ?
(2) Whether Super Boss of Indian Government, Smt. Sonia Gandhi had
restrained Indian delegation, not to raise such an issue?
(3) Whether report in the advertisement published on 6th October,
2007, in the New York Times is based on truth? In the aforesaid
advertisement, interalia very serious allegation were leveled that
Shri Rajiv Gandhi, the husband of most powerful lady of Indian
Politics, Smt. Sonia Gandhi, is alleged to have received payments from
KGB. According to Schweizer, Illustrierte, Rajiv has a secret Swiss
Bank account of 2 billion dollars. Her son Shri Rahul Gandhi, who is
projected (by Congress Party) as next Prime Minister of India , was
detained by FBI with large unaccounted cash at Boston Airport in 2001.
(Swiss magazine Schweizer, Illustrierte 11/1991, Indo Asian News
Service.
(Milap Choraria)
TRUTH SHALL ALWAYS PREVAIL
Milap Choraria Editor: Suchna Ka Adhikar / RTI TIMES
National Convenor : Movement for Accountability to Public (MAP)
http://milapchoraria.tripod.com/msp http://rtitimes.net
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My Logo
TRUTH SHALL ALWAYS PREVAIL
Milap Choraria
:National Convenor : Movement for Accountability to Public (MAP)
http://milapchoraria.tripod.com/msp