Fw: Fwd: : Exposure of Chidambaram by Ram Jethmalani !!

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Subject: FW: Exposure of Chidambaram by Ram Jethmalani !!

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by Ram Jethmalani !!

If you have the time and inclination pl read this article M S Krishnan 

________________________________

 

 

 LOOTING OF INDIA!

Subject: From Ram Jethmalani .

>

>This is how UPA2 works not for Indians but for Gandhis and Vadras and for

themselves.

>> 

>>>As received. 

>>> 

>>>A brilliant exposition by Ram Jethmalani .

>>> 

>>>Friend, father, & philosopher

>>>of black money is Chidambaram

>>> 

>>>By Ram Jethmalani, The Sunday Guardian

>>>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.

Vadra the son-in-law of Ms. 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 (NIA) 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.

>>>oooOOOooo

>>>  --

Anil KakadChairman & Managing Director Kakad Realty (P) LimitedKakad House11 New

Marine LinesMumbai 400020, IndiaOffice: 02222013588

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