Right Question.Can we ask the following>Why should the Govt.give tax amnesty and then 50% tax etc for coming clean with the hitherto unaccounted money. If you condone one mistake of the one rich you have to condone another mistake of another rich because they all want to give minimum salary to provide 2700 calories of food to each work man
Those who do not know about Ashok Agarwal must find out about the most corrupt officer ever. Today a defanged ED is better otherwise Indian industry and trade will lose ease of doing business. Between money launderers and corrupt powerful officers country sadly has to chose the money launderers.
There was a newspaper report about abusiness magnate who spent Rs.500 crores on his daughter's marriage. Guess the amount this man owes to banks? It is Rs.500 crores!
ED,CBI, etc., are incompetent agencies. Even if they have a strong case, the criminal will get the case adjourned indefinitely, and avoid being convicted. Even if convicted (open and shut case) will be on bail immediately. This is how the system works
Re: Joke
by Rakesh Singhal on Jul 22, 2017 08:44 AM
Despite so many raids etc etc by ED CBI hardly any one gets jailed in INDIA.Economic offence is no offence in INDIA it seems.Rapists just go free.I appreciate Arab countries for their harsh punishment against crimes.
Unless the Government passes a legislation making all financial irregularities as non-bailable offence and to make the alleged persons accountable and responsible to prove in the court of law that all irregularities as alleged are bona fide and to disclose the source of wealth, how that wealth has earned, and statements of due taxes paid.
Re: ED
by arungopal agarwal on Jun 14, 2016 11:31 AM
Right but what to do with business losses, Air India has a loss of Rs.30000 crores, who should be hanged. All airlines except Indigo are in loss, what to do? Of course if money is siphoned, you are right.
It is system and people who run it are at fault and Mallya only used the loopholes to get money. Why would any bank want to give money for the brand name 'Kingfisher' 'Fly the good times' etc. These are just words and the first one is just the name of a bird. The banks are responsible for this fiasco. If the banks were alert and had communicated to each other (around 20 institutions had lent money to Mallya) this could have been avoided and perhaps the company would be still running. If banks are strict we can avoid such scams in future otherwise more and more smart 'business' men will take loan and splurge the money and say the business failed. Only true business men should be allowed to flourish in a legal way.
IT SEEMS THERE IS CONNIVANCE OF SOME DOWN RIGHT CORRUPT OFFICERS IN ED.SINCE 30/09/1998 WE HAVE FILED EMBEZZLEMENT OF FOREIGN DONATIONS BROUGHT IN BY SRI LANKA NATIONAL MONKS (NOT INDIAN CITIZEN)OF A DEFUNCT REGISTERED SOCIETY ,MAHA BODHI SOCIETY ON 06/12/1916 IN OFFICE OF REGISTRAR OF COMPANIES AND NON-TRADING AT KOLKATA,HAVING BRANCHES AT MUMBAI,SANCHI,GUEST HOUSE AT BODHGAYA, ORISSA, CHENNAI,NEW DELHI,SARNATH ETC.FULLY UNDER CONTROL OF MBS H.Q. AT COLOMBO SRILANKA.ALL THE MONKS ENTER INDIA WITHOUT PROPER DOCUMENTS TO CONTROL MBS AS REQUIRED FROM RBI POST-FACTO APPROVAL U/S 24 OF FERA ACT IF THEY ARE STAYING IN INDIA BEFORE 30/05/2001 AFTER THAT FEMA CAME INTO FORCE.AT MUMBAI WE SUBMITTED VOLUMINOUS DOCUMENTS AS EVIDENCE AGAINST DR DODAMGODHA REWATHA THERO FOR BRINGING 11,53,00,000/ JAPANESE YEN,1,85,000/ US DOLLARS WITHOUT PERMISSION OF RBI, HOME MINISTRY AND NO FCRA IS GRANTED TO MBS AND NEVER REFLECTED IN BOOKS OF A/C OF MBS MY WRITTEN STATEMENTS WERE RECORDED BEFORE ED OFFICER AT MUMBAI THE CASE WAS INITIATED AT VARANASI WHERE THE ACCUSSED WAS STAYING WHO INFLUENCED THE ED OFFICIALS AND NOTHING IS DONE IN THE MATTER AGAINST DR REWATHA AND PENALTY OF RS3.5 CRORES IS PENDING TO BE RECOVERED AND ON 12/08/2008 ANOTHER MONEY LAUNDERING CASE WE HAVE FILED AGAINST DR REWATHA FOR DEPOSTING 1,75,000/ U.K.POUNDS IN 25 YEAR OLD NON-OPERATIVE A/C OF MBS AT COLOMBO JN THIS CASE AN ORDER IS PASSED BY JT DIR OF ED LUCKNOW ON 29/05/2014 TO REPARTRIATE THIS TO INDIA BUT ED IS INEPT.
