Why does Indian media refrain to talk about controversies related around big corporates, especially Ambani Brothers. Is Media really free or they are just private clones of DD? It takes the guts of the likes of Hamish McDonald to dig deep into Ambani's Empire and write about them. The following link is an extract from an article published in Hindustan Times, some time back.
Friday, November 9, 2012
Black money flowing out of India is more than fiscal deficit
In the period 2000-2009 the illicit capital flows from India stood at a whopping $104 billion. Currently one dollar is worth around Rs 55. Hence in rupee terms this amounts to a huge Rs 5,70,00 crore. To give the reader a sense of comparison, the fiscal deficit of the government of India for the financial year 2012-2013 ( i.e. the period between April 1, 2012 and March 31, 2013) was initially estimated to be at Rs 5,13,590 crore.
for full article click the link below
Senior Congress Leader provided Information to Arvind Kejriwal !!
Today afternoon Arvind Kejriwal came with yet another hard hitting expose to enlighten the Nation about the issue of Black Money and how the government had the details in July 2011 itself. The government received a list of roughly 700 people having bank accounts in HSBC, Geneva.
Kejriwal claimed that the information for the 'expose' had been provided to IAC by a senior Congress leader.
To read the full article click here.
Complete coverage: Arvind Kejriwal's latest revelation
Stating that the information on black money was sourced from government records, Kejriwal said, "What we cannot understand why India, unlike the USA, is not able to act against banks like HSBC and UBS, which openly operate in the most brazen fashion in both India and the US."
Friday, Nov 9, 2012 14:15 IST
Raid the Ambanis, Dabur's Burman, Jet's Goyal and Yash Birla for black money: Kejriwal
Friday, Nov 9, 2012 14:13 IST
The three whose premises were raided had promised to pay their taxes on the black money they have deposited in HSBC, Geneva. "But the big question is why only a few of the 700-odd names in the list were searched," asked Kejriwal.
Accusing the Indian government of dragging its feet on the issue of getting the black money stashed away in Swiss banks back to the country, Kejriwal said, "Every company or individual named in the list of HSBC account holders should be probed. Then honest officials should be put deployed to explain every suspect entry in their books."
Accusing the Indian government of dragging its feet on the issue of getting the black money stashed away in Swiss banks back to the country, Kejriwal said, "Every company or individual named in the list of HSBC account holders should be probed. Then honest officials should be put deployed to explain every suspect entry in their books."
Friday, Nov 9, 2012 14:03 IST
Here is the list of people Arvind Kejriwal named:
Mukesh Dhirubhai Ambani – Rs 100 crores
Anil Dhirubhai Ambani – Rs 100 crores
Motech Software Private Ltd (Reliance Group company) – Rs 2,100 crores
Reliance Industries Ltd – Rs 500 crores
Sandeep Tandon – Rs 125 crores
Anu Tandon – Rs 125 crores
Kokila Dhirubhai Ambani – She has an account but there was no balance on that date
Naresh Kumar Goyal – Rs 80 crores Burmans (3 family members) – Rs 25 crores
Yashovardhan Birla – No balance
Friday, Nov 9, 2012 14:00 IST
The activist also provided a detailed questionnaire answered by three account holders, including one Parminder Kalra, whose premises were raided earlier in the year.
Kejriwal said, "The money transfer would be done by an agent in Delhi. Similarly, if one wants to withdraw the money, all one had to do was call the HSBC in Geneva and the amount would be delivered to you."
Friday, Nov 9, 2012 13:54 IST
Stating that the total amount of black money in HSBC branch is Rs 6000 crore, Kejriwal said, "Naresh Goyal has Rs 100 crore in his Swiss bank account."
As for the modus operandi used to deposit black money in their accounts, Kejriwal said, "There is no need to go to a teller machine in the State Bank of India. Rather, a person comes to your house only after a phone call. One phone call to the HSBC Geneva would trigger the delivery process, all telephonically.
As for the modus operandi used to deposit black money in their accounts, Kejriwal said, "There is no need to go to a teller machine in the State Bank of India. Rather, a person comes to your house only after a phone call. One phone call to the HSBC Geneva would trigger the delivery process, all telephonically.
Friday, Nov 9, 2012 13:51 IST
One name that keeps cropping along side the Ambanis is that of Sandeep Tandon. An official in the Enforcement Directorate, who had quit to join the Reliance industries, Sandeep Tandon became close to the Reliance group. In fact, his two sons are office-bearers in Reliance.
Incidentally, his wife Anu Tandon also has stashed Rs125 crore in her HSBC branch.
She is also a member of Rahul Gandhi's core group.
Friday, Nov 9, 2012 13:43 IST
According to a CD provided by the French government earlier in the year, there are 700-odd account holders of hawala or black money accounts in HSBC Bank on December 2006. While Mukesh and Anil Ambani both had Rs100 crore stashed in the HSBC bank back in December 2006.
Friday, Nov 9, 2012 13:41 IST
Also, many have come forward to suggest the names of scamsters. "Today's expose relates to the return of all the black money from Swiss banks. According to the statement of a former CBI official, there is 25,000 lakh crores in black money stashed away in Swiss banks," said Kejriwal.
Friday, Nov 9, 2012 13:38 IST
After our last expose, the BJP had said that we hold a weekly bazaar of scams. "I would like to state at the start that there are so many scams that we need to hold a daily bazaar," said India Against Corruption activist Arvind Kejriwal at a press conference in the national capital on Friday.
Friday, Nov 9, 2012 13:36 IST
Kejriwal targets Swiss bank account holders in next expose
Continuing their agenda of demolishing "holy cows" in politics and corporate world, India Against Corruption(IAC) activist Arvind Kejriwal is addressing another press conference. This time his expose is on the black money in Swiss banks.
Kejriwal gave details of Swiss bank account holders. The IAC activist said the government had details of 700 Swiss bank account holders in the HSBC Bank in Geneva.
"We got a CD - HSBC's Geneva branch has 700 accounts of Indian nationals. That list is available with the government with the amounts in the accounts in December 2006," Kejriwal said. He claimed the government was involved in the cover-up.
Mukesh and Anil Ambani, Naresh Goyal along with other leading industrialists in the Daburand Birla group were some of the account holders, he said.
Anu Tandon and Sandeep Tandon - former IRS, ED official - who raided Reliance has 125 crores were other names Kejriwal discloses.
"In July 2011, Indian Government received a list of roughly 700 people having bank accounts in HSBC, Geneva. The list contains bank balances of these people in 2006," Kejriwal said.
Kejriwal said they could not access all the names but the following names appeared in that list:
Mukesh Dhirubhai Ambai - Rs 100 crores
Anil Dhirubhai Ambani - Rs 100 crores
Motech Software Private Ltd (Reliance Group company) - Rs 2,100 crores
Reliance Industries Ltd - Rs 500 crores
Sandeep Tandon - Rs 125 crores
Anu Tandon - Rs 125 crores
Kokila Dhirubhai Ambani - She has an account but there was no balance on that date
Naresh Kumar Goyal - Rs 80 crores
Burmans (3 family members) - Rs 25 crores
Yashovardhan Birla - no balance
Arvind Kejriwal said the CBI had said there was Rs 25 lakh crore black money in Swiss banks. These 700 names account for only Rs 6000 crore, he said.
Kejriwal also accused HSBC Bank of helping route illgotten money.
The expose-press conference — that has now become an almost weekly affair — has already served judgment on two political figures, Robert Vadra and Nitin Gadkari, and a corporate czar, Mukesh Ambani.
IAC headed by activists Arvind Kejriwal and Prashant Bhushan has created a profile for the till now unnamed political party on the perception that leading ruling parties Congress and BJP are corrupt and hand-in-glove with big business.
While speculation was rife on Thursday night on the probable targets, IAC members were tight-lipped learning from the Gadkari fiasco that gave the main Opposition a few days' time to prepare their case against the allegations of corruption raised against them.
Kejriwal gave details of Swiss bank account holders. The IAC activist said the government had details of 700 Swiss bank account holders in the HSBC Bank in Geneva.
"We got a CD - HSBC's Geneva branch has 700 accounts of Indian nationals. That list is available with the government with the amounts in the accounts in December 2006," Kejriwal said. He claimed the government was involved in the cover-up.
Mukesh and Anil Ambani, Naresh Goyal along with other leading industrialists in the Daburand Birla group were some of the account holders, he said.
Anu Tandon and Sandeep Tandon - former IRS, ED official - who raided Reliance has 125 crores were other names Kejriwal discloses.
"In July 2011, Indian Government received a list of roughly 700 people having bank accounts in HSBC, Geneva. The list contains bank balances of these people in 2006," Kejriwal said.
Kejriwal said they could not access all the names but the following names appeared in that list:
Mukesh Dhirubhai Ambai - Rs 100 crores
Anil Dhirubhai Ambani - Rs 100 crores
Motech Software Private Ltd (Reliance Group company) - Rs 2,100 crores
Reliance Industries Ltd - Rs 500 crores
Sandeep Tandon - Rs 125 crores
Anu Tandon - Rs 125 crores
Kokila Dhirubhai Ambani - She has an account but there was no balance on that date
Naresh Kumar Goyal - Rs 80 crores
Burmans (3 family members) - Rs 25 crores
Yashovardhan Birla - no balance
Arvind Kejriwal said the CBI had said there was Rs 25 lakh crore black money in Swiss banks. These 700 names account for only Rs 6000 crore, he said.
Kejriwal also accused HSBC Bank of helping route illgotten money.
The expose-press conference — that has now become an almost weekly affair — has already served judgment on two political figures, Robert Vadra and Nitin Gadkari, and a corporate czar, Mukesh Ambani.
IAC headed by activists Arvind Kejriwal and Prashant Bhushan has created a profile for the till now unnamed political party on the perception that leading ruling parties Congress and BJP are corrupt and hand-in-glove with big business.
While speculation was rife on Thursday night on the probable targets, IAC members were tight-lipped learning from the Gadkari fiasco that gave the main Opposition a few days' time to prepare their case against the allegations of corruption raised against them.
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"Like America, we should enact a law that makes it mandatory for foreign banks operating in the country to furnish a list of all account holders to the income tax department," the activist said.