First rate people of India victim of third rate Governance

We have to completely overthrow this system: Kejriwal
by Danish Raza Nov 3, 2012
Continuing his attack on the government over corruption and inflation, India Against Corruption (IAC) activist Arvind Kejriwal has asked Delhiites to switch off appliances at their homes for an hour (7 pm to 8 pm) today as a show of protest against electricity tariff hike.
In his tweets this morning, he reiterated that the Sheila Dikshit government increased the tariff to benefit power distribution companies.
Commenting on the Uttar Pradesh government dropping money laundering cases against Amar Singh, Kejriwal tweeted that it was shameful. “Is this criminal justice system? We have to completely overthrow this system. Next Mulayam Singh will withdraw cases against Salman Khurshid. Wait n watch. And in return, congress wud withdraw cases against mulayam,” he tweeted from the handle @ArvindKejriwal7.
In one of the tweets, he said the current crop of politicians gave no hope to India and these leaders and the system ought to be overthrown.
Since he started exposing corruption in political establishment, people have been providing him with information, reading which, he was shocked, he said.
“I am shocked to read all this, the extent of corruption. It is so crystal clear that there is just one reason for rising prices — corruption. Prices wud increase much more in coming years if something urgent were not done. It wud become impossible for people to live. There is just one hope — the people of India. Indians are first rate people who are victims of third rate system and third rate politicians,” Kejriwal said in his successive tweets today.
We have to completely overthrow this system: Kejriwal
Related Reading
The Karti Chidamabaram guide to misusing the IT Act
Will Corrupt Politicians be Jailed in India?
Former Italian Prime Minister Silvio Berlusconi sentenced to a year in jail for tax fraud by MICHAEL DAY MILAN FRIDAY 26 OCTOBER 2012

India tweaks tender to procure 12 VVIP Helicopters

‘India changed tech requirements to help Italian firm’
Manu Pubby : New Delhi, Thu Nov 01 2012, 02:22 hrs
India allegedly tweaked the technical requirements in the tender to procure 12 VVIP helicopters for the Air Force to help Italian manufacturer AgustaWestland enter the race, an associate of the suspected middleman in the deal has alleged in his confession to Italian prosecutors.
In his testimony, the associate of Guido Haschke said the AW 101 chopper did not qualify initially as the requirements were being drawn by India in 2006. They were allegedly tweaked after Haschke struck a deal with the Italian company.
Investigations have also found that the Indian businessman named by Italian prosecutors — Sanjeev Kumar (Julie) Tyagi — is closely related to former air chief marshal S P Tyagi, who was heading the force when the tender was floated in December 2006.
S P Tyagi is a first cousin of Julie, a Delhi-based businessman. He is one of three Indians being probed for suspected corruption in the Rs 3,546 crore deal.
The retired officer confirmed he was related to Julie but said they had no business links. Julie could not be reached for comment. Reached for its comment, the IAF did not respond until going to press.
In his May 14 confession, business consultant Carmelo Messina says he put Haschke and his partner Carlos Gerosa in touch with AgustaWestland in 2006 to facilitate the Indian contract. He says Haschke was keen to get in touch with AgustaWestland as he “claimed he had deep knowledge of the Indian market”.
“Haschke said he had good relations with a person from Indian defence. I think he met him during his studies in America,” the statement says. Messina said Haschke boasted about his connections and claimed to have insider information that could help the Italian firm.
Messina says AgustaWestland figured out its choppers would not qualify for the contract after it contacted Haschke. He says Haschke managed to get the requirements changed to accommodate AgustaWestland.
“He told me he managed to convince the Indians, or actually the defence ministry, to reconsider the features of the helicopters so that Italian helicopters too could take part in the tender,” Messina says. “After some evaluation, it was found Haschke was right and the... ministry had really modified the technical features of the helicopters it needed.”
Messina says he received “50,000-60,000 euros in cash” from Haschke as a “thank you sign” in 2009.
India changed tech requirements to help Italian firm
Who is Air Chief Marshal S P Tyagi?

Air Chief Marshal Shashindra Pal Tyagi (born 14 March 1945), more commonly known as S P Tyagi, is the former Chief of the Air Staff of the Indian Air Force. Prior to becoming chief of Indian Air Force, he was commanding the Western Air Command of the Air Force. He was commissioned in the fighter stream of the IAF on December 31, 1963. He is said to have "actively participated" in the 1965 and 1971 wars.
Air Chief Marshal Shashindra Pal Tyagi took over as the 20th Chief of Air Staff of the Indian Air Force from 31 December 2004. Popularly known as "Bundle", Tyagi was born at Indore on March 14, 1945 . He is an alumnus of St Xavier School in Jaipur. He was commissioned in the IAF on 31 December 1963 in the fighter stream.
The initial years of his career in the air force, Tyagi flew Gnats with No.23 Squadron and later served with Hunters of No.27 Squadron. A veteran of both the 1965 and the 1971 Wars, he was one of the pioneer batch of eight pilots selected for conversion on the Jaguar Interdiction aircraft when it was inducted in 1980s. Whilst training at Lossiemouth, he was one of the two Indian pilots chosen for a Photo Recce Course at Coltishall with No.41 Squadron RAF.
Tyagi commanded No.14 Squadron "Bulls" later after coming back to India. A Graduate of the TACDE with a Fighter Combat Leader and Pilot Attack Instructor qualifications, he had also attended the Junior Commanders Course, the National Defence College and finally the Defence Services Staff College at Wellington. He received the Vayu Sena Medal (VM) for distinguished service in 1985.
In his mid career, Tyagi had several other appointments under his belt. He was an instructor at TACDE. As an Air Commodore, Tyagi commanded 33 Wing at Jamnagar. Later he was also posted as the Defence Attache at the Indian Consulate in Saudi Arabia. Air Commodore Tyagi was awarded the Ati Vishist Seva Medal (AVSM) in 1994.
He also held the appointments of Director Operations (Air Defence), ACAS (Intelligence), ACAS (Ops). He has had a stint as a senior fellow at the IDSA and was also a senior Instructor and Directing Staff at the DSSC Wellington.
In the rank of Air Marshal, Tyagi was appointed as the SASO of Central Air Command for some time. He took over as the AOC-in-C of Central Air Command not soon after. he is one of the few officers to have the distinction of commanding three Air Commands, Central, South Western and Western Air Command.
Air Marshal Tyagi was awarded the Param Vishist Seva Medal (PVSM) in 2003, and was appointed as one of the honorary ADCs of the President of India. He has the distinction of being the one and only Air Chief Marshal to have done skydiving after being appointed to a high post as Chief of the Air Staff of Indian Air Force.
He is married to Mrs. Vandana Tyagi and they have a son and a daughter.

Conspiracy of Silence breeds Corruption

Conspiracy of silence by all political leaders on corruption: Former CJI JS Verma
POLITICS NEWS, Updated Oct 28, 2012 at 08:27am IST
Karan Thapar, CNN-IBN
New Delhi: Former Chief Justice of India, JS Verma has hit out at the political class saying that politicians are colluding with each other against the fight to end corruption. While speaking to Karan Thapar on this week's Devil's Advocate, he accused the politicians of conspiring to tolerate corruption at the highest level. Below is an excerpt of the interview:
Karan Thapar: Congress General Secretary Digvijaya Singh said to this programme just a week ago that he was aware of things done by Mr Atal Bihari Vajpayee's foster son-in-law, Mr LK Advani's children which would not only embarrass their parents but were, he said, equivalent to corruption and wrongdoing. Yet he also insisted he would never reveal what he knew. What you make of that position?
ustice JS Verma: Well, that is a very disturbing statement. It reveals if true a conspiracy at the top against the combating of corruption which people are talking all the time and it shows that political morality is at its lowest ebb. Karan Thapar: But what about Mr Digvijaya's point that it is not ethical to target the children of families of politicians if they themsleves are not in politics. Justice JS Verma: Anyone in a position to influence decision making should be above suspicion.
Karan Thapar: These same ethics determined the silence of the BJP in March 2011 when the economic times first revealed Rober Vadra's DLF connections and the manner in which, the dramatic manner in which his companies fortunes had ballooned. At that time the BJP decided that it would not be ethical and proper to speak about Sonia Gandhi's son-in-law. Now in that instance was that wise discretion on the BJP's part or wrongful silence.
Justice JS Verma: It was failure of duty because, you see, personalities don't matter. According to me, the higher you are in hierarchy the more strict standard of behaviour you have to answer to.
Karan Thapar: So would you also go one step further and say - given on one hand Mr Digvijaya Singh's ethics and behaviour and given on the other the BJP's initial silence over Vadra - that the impression that is created is that politicians behave like a brotherhood which colludes to protect each other and sometimes colludes to cover up for each other.
Justice JS Verma: It would indicate or reveal a conspiracy of silence to tolerate corruption at the highest level.
Conspiracy of silence by all political leaders on corruption: Former CJI JS Verma

Propriety & Impropriety: A nation on the decline

- The Last Word - CNN IBN - 30 Oct 2012
An interesting debate last evening on CNN IBN, a distinguished panel to include an ex-Army Chief, an ex-Naval Chief and also an ex-Cabinet Secretary....of course, with the most popular anchor, Karan Thapar, hosting the show
The topic was " Ex-Army Chief Gen VK Singh demanding that Parliament be dissolved". Earlier it was reported in the newspapers that Anna Hazare and the ex-Army Chief had asked for Lok Sabha to be dissolved since the UPA government had crossed all limits of corruption. VK Singh had also said, "A new set of parliamentarians is needed. Let elections be held so that people can decide if they are satisfied".
While no one was asked on the credibility of the content and the intent of the statement, the issue basically revolved around the 'Propriety' of this demand by an ex-Army Chief, a man in uniform and on the Chief's chair till about a few months back. How could he question the very government he was serving and also enjoys the perk of retaining a government accommodation for a period of six months post-retirement. I shall not delve on the issue of this perk as the government has done no favour as he is entitled to such a perk like his predeccessors/successors and the government is only a custodian of such property and by no chance can claim ownership of such public property.
My comments shall be restricted to 'Propriety'....some definitions are 'The quality of being proper; appropriateness, Conformity to prevailing customs and usages, The usages and customs of polite society'. It is evident, therefore, that no one is questioning the legality or the technicality of such a statement...and the fingers are being pointed at an ex-Army man, a soldier in uniform!!
We need a level playing field...the Army cannot be judged on a template different from others....we are a part of the same society. Let us start from the top in the government, restricting my observations to 'propriety' only.
1. Why should the President of India not be questioned for impropriety for offering his consultancy services to Sonia Gandhi and Rahul Gandhi on the cabinet reshuffle? Also, was it proper for him to stand for President when his role as Finance Minister is under cloud for going slow on economic offences relating to hawala/money laundering/Swiss-foreign bank accounts
2. Does not propriety demand that the Vice President had no business to arbitrarily close the debate on Lokpal Bill at 12.00 midnight at the behest of Pawan Bansal, when the rules and advisory note by his Secretary General clarified that the session could continue
3. Propriety demands that the Prime Minister should have resigned long time ago, initially on the CVC judgement, which the PM took as 'error of judgement', his involvement in 2G scam, particularly so after the statement of ex-Cabinet Secretary Chandrashekhar, as Coal Minister in the Coalgate scam and other omissions/ discretions... the biggest damage the PM has done is that he has nullified the basic foundation of governance by his misinterpretation of 'responsibility and accountability' giving a leverage to every minister/ bureaucrat in politico-executive and executive to shun these and play safe with no compulsion to govern
4. In case propriety has to be made applicable to the Judiciary, should not ex-CJI Balakrishnan resign as Chairman Human Rights Commission for disproportionate assets accumulated by his kith & kin and offer himself for a thorough investigation
5. Propriety demands that all Governors to include Narayanan and Gen JJ Singh, appointed immediately after retiring from government appointments be asked to quit...all bureaucrats on post-retirement appointments be sent home and hereafter the government must function on its authorised establishment with total moratorium committees/commissions/advisors/consultants
6. Propriety demands that Sonia Gandhi should clarify on her state of health and source of funds/expense on her medical treatment and other visits abroad 7. Propriety also demands that all privileges of Robert Vadra and Priyanka Gandhi be withdrawn immediately as they are private persons and have no business to be allotted government accommodation, SPG cover and exempted from security checks/toll taxes ...all cases against Robert Vadra be investigated by SIT on fast track basis
8. Nitin Gadkari should resign as President BJP as Propriety does not allow him to continue in this post
9. Propriety demands that Laloo Yadav, Mulayam Singh Yadav, Mayawati and Sharad Pawar resign from the party posts and offer themselves for investigation into several disproprtionate assets cases
10. After witnessing the conduct of the Parliamentarians during the last session, does not propriety demand that the Lok sabha should have been dissolved immediately and their privileges withdrawn....all perks need to be reviewed
11. Propriety demands that the concept of VVIP/VIPs be done away with, NSG and other security cover withdrawn and those in governance start living normal lives in conformity with the dictates of a polite and cultured society
Let us not attack the messengers of change...concentrate on the issue being raised...there is no governance...the justice system has failed....the 'unelected' and the 'unelectable' are only crying that order be restored in society and the future of the nation be safeguarded... it does not matter whether the voice is raised by Anna Hazare or Arvind Kejriwal or ex-CJI JS Verma or ex-Army Chief Gen VK Singh....what matters is the "ISSUE", the issue of good governance and effective measures to arrest corruption....an aam aadmi needs such people to project their grievances and sentiments...the media does not listen to ordinary people as that does not earn them TRPs
No nation can survive by neglecting its Army....the government has not only shown scant respect for the Defence Services, it has gone out of its way to deny its entitlements and humiliated its own Army on several occasions...In the 'Rank Pay' case, it repeatedly lodged review petitions in the Supreme Court to deny the rights....What can one say of a government which cheats its own Army
Propriety demands dis-solution of the Lok Sabha, fresh elections and responsible voting by the aam aadmi, the actual custodian of this great country called India
with best regards
ajb

Veterans lead in the anti- corruption crusade

Anna Hazare, VK Singh want Parliament dissolved
Published: Tuesday, Oct 30, 2012, 4:06 IST
By DNA Correspondent | Place: Mumbai | Agency: DNA
The country is set to witness another round of yatras by social activist Anna Hazare and his team from January 30, the death anniversary of Mahatma Gandhi. Until then, Anna will scout for people willing to join his team to trudge across the nation to help people select “right political candidates” for the 2014 general elections.
Anna and former army chief General VK Singh, who were in the city on Monday, addressed the media. “We will tell people to select political candidates on the basis of character, capacity and desire to serve people,” said Anna.
The two criticised the government and sought its dismissal “for not working for the people”. They charged the government of not protecting the people, not working for their welfare and being influenced by market-driven policies.
“We want the government to be dissolved as it is only slapping its neo-liberal policies on the people. While the preamble of the Constitution says that it is ‘by the people’, the people are not heard,” said Singh.
“The gap between the rich and poor is increasing as politicians are serving themselves and not the country,” said Hazare who advocated “pursuing of black money instead of taking loans from banks to better the economy”.
Anna also slammed the central investigation agency, the CBI, and reiterated the need for stronger laws while demanding judicial inquiry in recent allegations against BJP national president Nitin Gadkari. “People earn money for seven generations and go to jail for a few months. We need stronger laws to deter people,” he said.
As for his former associate, Arvind Kejriwal, Anna said that they had same goal but the means were different.
Speaking of Gujarat chief minister Narendra Modi, Anna said if Modi was against corruption, he should have introduced the Lok Ayukta in his state.
Anna Hazare, VK Singh want Parliament dissolved
Comment: Many retired Generals become arm chair Military advisers or remain silent spectators when the nation is truly becoming a banana republic. Will Generals lead the citizens and farmers to true democracy or enjoy the cosy comfort of their homes by spinning more money?

Tatra Trucks: CBI has evidence of links with a shadowy set of former defence officers

CBI probing Tatra’s two decades of monopoly
Neeraj Chauhan, TNN | Oct 21, 2012, 05.52AM IST
NEW DELHI: The CBI, which registered a case against Lt Gen (retd) Tejinder Singh on Saturday for allegedly trying to bribe then Army chief General VK Singh to clear the purchase of Tatra trucks for the Army, is conducting a parallel inquiry into the complaint regarding the monopoly Tatra has enjoyed for two decades in supplying all-terrain trucks to the defence forces. Sources said the chargesheet in the case is in the final stages and could be filed in a Delhi court shortly. The agency is expected to charge officials of Tatra and the public sector Bharat Earth Movers Limited.
Sources said the raids were conducted at the residences of Rishi's aide Gautam Thadani, MD of Global Healthline Private Ltd, Rajan Madhu, director of F-Bar in Ashoka Hotel and Rishi's employees Anil Mansaramani and Vikram Kakia. CBI sleuths recovered Rs 98 lakh from Thadani's house.
CBI sources said preliminary investigation established Tejinder Singh's meeting with the then Army chief as well as that the latter was unhappy with what had transpired. During its probe, the CBI also established Tejinder Singh visited General V K Singh on September 22, 2010 because "the file related to procurement of Tatra trucks was lying on the table of army chief that day" and that "Tejinder Singh offered bribe on behalf of Ravi Rishi as he is closely associated with the latter".
Defence minister AK Antony's confirmation of General V K Singh's "oral complaint" was found to be strong corroborative evidence.
But what strengthened the case for a formal investigation was evidence of Tejinder Singh's alleged dealings with lobbyists for arms manufacturers, including a Korean company. Tejinder Singh has been booked under section 12 of the Prevention of Corruption Act. Under Section 12 of the Act, a person who abets the offence of making a public servant accept illegal gratification, whether or not that offence is committed in consequence of that abetment, can be punished with a minimum punishment of six months in jail which may extend to five years.
"We have evidence of his links with a shadowy set of former defence officers who were on the payroll of arms manufacturers and suppliers," said a senior CBI source.
CBI probing Tatra’s two decades of monopoly
Comment: "We have evidence of his links with a shadowy set of former defence officers". Do they include 2 decades of former chiefs? It is logical all must be investigated top downwards. MOD and AHQ need to gear up to let out their skeletons. Will they?

IAF VVIP helicopter deal: Army Brigadier under scanner

Did Indian Brigadier solicit Italian arms kickbacks for chopper deal
Headlines Today has an exclusive information that a brigadier and two businessmen have been named in an Italian chargesheet.
Italian prosecutors, who have been investigating a series of corruption charges against Finmeccanica, tapped the phone of alleged middleman Guido Haschke as part of the probe into the deal. The prosecutors informed the court that they found strong clues that a part of the commission paid was routed through Mauritius and Tunisia.
Defence Minister clueless about backdoor dealings in MOD
“AgustaWestland is believed to have paid the mediators a commission of 41 million euros which later became 51 million,” the report says, adding that Lorenzo Borgogni, a former senior employee of the company claimed that two agents were hired to push the India deal. “In particular, Borgogni talked about international commercial operations and especially about the supply of 12 helicopters from AgustaWestland International Ltd. to the Indian government thanks to the mediation of Guido Ralph Haschke and Christian Michel. Indian law does not allow any compensation for mediators,” the report says. Incidentally, when the helicopter deal probe was first reported in March this year, Defence Minister A K Antony had informed Parliament that “no specific probe is being conducted about India-related transactions” by Rome.
Three Indians named in VVIP chopper bribery scam
Comment: Nothing will come out of the Investigations in India. Like all scams this too will be suitably buried, whereas the Italians like the USA will put the culprits behind bars.

Brigadier VS Saini under scanner for $5 million bribe demand in chopper deal

Brigadier under scanner for $5 million bribe demand in chopper deal
Published: Friday, Oct 26, 2012, 19:16 IST
Place: New Delhi | Agency: PTI
A brigadier is under the scanner for allegedly demanding bribe of $5 million from an Italian company in a helicopter deal, with the Defence Ministry today seeking details from the government there and assuring "strong action" against the culprits.
The allegations were levelled against the brigadier, who is currently posted at the Officers' Training Academy in Chennai, during an ongoing probe in Italy into the alleged involvement of Finmeccanica in paying kickbacks to secure defence deals including the Indian contract for 12 VVIP choppers.
Finmeccanica is the parent company of Agusta Westland and is under the scanner after a few arrests were made in Italy including personnel suspected to be the middlemen in the Indian contract.
"The Defence Ministry has asked the Italian government and concerned agencies through the External Affairs Ministry to provide the name and relevant documents relating to the alleged involvement of a brigadier in the ongoing process for the acquisition of 197 helicopters for the army.
"We will take strong action against offenders detected through this probe," Defence Ministry said in a release.
The allegation have been levelled against the officer in a letter allegedly sent by an Agusta Westland official in India to his superiors in Italy saying that the Brigadier was seeking $5 million for facilitating the deal in their favour. The letter was submitted by Italian prosecutors in a court there.
The ministry officials said the Italian government has been requested to provide details of the existence, if any, of any middlemen of any individual or Indian entity in the above contracts.
Agusta Westland has already won the Indian deal worth over Euro 560 million for supplying 12 AW101 VVIP choppers while its bid was rejected in the 197 choppers deal where Eurocopter and Russian Kamov are still in the race.
Brigadier under scanner for $5 million bribe demand in chopper deal
Related Reading
Did Indian Brigadier demand bribe to swing copter deal for AgustaWestland? Probe documents say so
Comment: The name of Brigadier V.S. Saini, a serving Indian Army officer, has surfaced in a document that Italian investigators have found in the course of their probe into possible kickbacks or commissions paid by Anglo-Italian helicopter manufacturer Augusta Westland (AW). Earlier Brig VS Saini, was Brigadier Aviation, Northern Command and now posted in OTA, Chennai. Will General Deepak Kapoor (30 Sep 2007 to 30 Mar 2010) be linked to this deal? Brig VS Saini could not have pulled off such a scam without blessings of the Chief. CBI should investigate all sources of income of Gen Deepak Kapoor who is a master spinner (Adarsh/ Tatra Scam to his credit and many more).

Rajat Gupta lands two-year jail for insider trading

Former Goldman Sachs chief Rajat Gupta lands two-year jail for insider trading
Published: Thursday, Oct 25, 2012, 2:37 IST
Place: Manhattan | Agency: PTI
Former Goldman Sachs director Rajat Gupta was today sentenced to two years in prison and fined $5 million by a US judge, months after the Indian-American Wall Street titan was found guilty of leaking boardroom secrets to a hedge fund manager in the largest insider trading case in the country's history.
Gupta, 63, was handed down a two-year prison term by US district court judge Jed Rakoff, who also ordered him to pay a $5 million fine. Gupta, reading from a statement, said: "The last 18 months have been the most challenging period of my life since I lost my parents as a teenager."
"I regret terribly the impact of this matter on my family, my friends and the institutions that are dear to me. I've lost my reputation I built for a lifetime. The verdict was devastating," he said.
"His conduct has forever tarnished a once-sterling reputation that took years to cultivate," Manhattan's top federal attorney India-born Preet Bharara said.
Gupta was found guilty by a federal court in Manhattan on four counts, out of six on June 15 after a three-week trial for passing boardroom secrets to the now imprisoned billionaire hedge fund founder Raj Rajaratnam at the height of the global financial crisis. The prosecution had sought a prison term of 8-10 years for Gupta who was convicted in a closely followed trial on three counts of securities fraud and one count of conspiracy.
The sentencing of India Inc's Wall Street poster boy by US district judge Jed Rakoff comes exactly a year after Bharara filed insider trading charges against the former McKinsey head.
Gupta, the most high profile Wall Street executive to be convicted in the government's crackdown on insider trading, had sought leniency from the judge, citing his otherwise unblemished career and philanthropic works. In a memorandum filed in federal court last week, Gupta's lawyer Gary Naftalis had sought probation for his Harvard educated client, saying Gupta is willing to live in Rwanda and work with the local government on health care and agricultural initiatives.
The second offer of community service made by Naftalis was that Gupta could work with Covenant House's New York site, which provides emergency shelter and other services for homeless, runaway and at risk youth. Bharara had sought a prison term of 8-10 years for Gupta, arguing that his "shocking" crimes were not an "isolated occurrence or a momentary lapse in judgement and a "significant term of imprisonment is necessary to reflect the seriousness of Gupta's crimes and to deter other corporate insiders in similar positions of trust from stealing corporate secrets and engaging in a crime that has become far too common".
The Diwali of 2011 saw Gupta surrender himself before the FBI after charges of insider trading were filed against him. The rise and fall of Gupta, who went from being one of the most successful India-born businessmen in the US to being called "deceptive and dishonest" after his conviction, has been the stuff of legends.
Gupta's rise through the ranks of Corporate America was stellar with enviable posts like board seats at Goldman Sachs and Procter and Gamble, co-founder of the prestigious Indian School of Business, adviser to the executive leadership of the Bill and Melinda Gates Foundation as also the United Nations dotting his resume.
Gupta was also a director of the AMR Corporation, the parent company of American Airlines. The Rockefeller Foundation appointed him a trustee; he was named special adviser on management reform to then UN Secretary-General Kofi Annan and additionally served on the UN Commission on the Private Sector and Development and was co-chairman of the United Nations Association of America.
Gupta had also been getting support from family members, prominent business leaders and global philanthropic figures including Microsoft co-founder Bill Gates and former UN Secretary General Kofi Annan, who are among the 400 people who have written letters to Rakoff detailing Gupta's charitable work.
Gupta had pleaded not guilty to the charges and argued during his trial that he personally did not trade nor made any profits from the insider information he was accused of passing on to Rajaratnam, who is currently serving an 11 year prison term after being convicted last year.
After the guilty verdict was announced in June against Gupta, Bharara had said Gupta achieved remarkable success and stature, but he threw it all away. "Rajat Gupta once stood at the apex of the international business community. He stands convicted of securities fraud. Having fallen from respected insider to convicted inside trader, Gupta has now exchanged the lofty board room for the prospect of a lowly jail cell," Bharara had said.
Rajat Gupta lands two-year jail for insider trading
Lessons for India: Justice should be swift for high profile scamsters in India. Hundreds of cases in the courts languishing for decades. Trials delayed by Political Criminals.

100 crore scam exposed in Indian Army?

100 crore scam exposed in Indian Army?
23 Oct 2012, 5:06PM IST| Duration: 08:02

Comment: Local Purchase Powers are misused by Generals who are assured of 20% commission by the spurious dealers and vendors. The purchases are mired in paper work conducive for syphoning off funds. Some of these generals get employed by these dubious firms. This is a route to money and re- employment too.

Tatra scam: Will the former Chief's be linked?

CBI books Tejinder Singh for bribe offer to ex-Army chief
Neeraj Chauhan, TNN | Oct 21, 2012, 03.23AM ISTNEW DELHI: After six months of elaborate investigation, the CBI on Saturday filed a case against Lt Gen (retd) Tejinder Singh for allegedly offering a bribe of Rs 14 crore to former Army chief General VK Singh to clear the purchase of 1,676 high-mobility Tatra trucks for the Indian Army.
The agency carried raids at seven places in Delhi, Mumbai and Noida on the premises of Vectra Group chairman Ravi Rishi and Tejinder Singh's residence at Safdarjung Enclave here, and recovered Rs 98 lakh in cash and also questioned the retired Lt Gen.
Sources say that Tejinder Singh even had links with alleged arms-dealer Abhishek Verma, which is being probed.
Although there was a two-year lag between when the ex-Army chief reported the alleged bribe offer to defence minister AK Antony and CBI registering a Preliminary Enquiry (PE), the agency has decided to launch a formal investigation since the evidence seemed to corroborate Gen VK Singh's version of what transpired between the two.
CBI is conducting a parallel inquiry into the complaint regarding the monopoly Tatra has enjoyed for two decades in supplying all-terrain trucks to defence forces. Sources said the charge sheet in the case is in final stages, and could be filed in a Delhi court shortly. The agency is expected to charge officials of Tatra and the public sector, Bharat Earth Movers Limited.
Sources in the CBI said that preliminary investigation has established retired Tejinder Singh's meeting with the then Army chief as well as that the latter was unhappy with what had transpired. During its probe, CBI has established that cause of action of Tejinder Singh's visit to General VK Singh on September 22, 2010, was because "the file related to procurement of Tatra trucks was lying on the table of army chief that day" and that "Tejinder Singh offered bribe on behalf of Ravi Rishi as he is closely associated with the latter".
Antony's confirmation of General VK Singh's "oral complaint" was found to be strong corroborative evidence.
But strengthened the case for a formal investigation was evidence of Tejinder Singh's alleged dealings with lobbyists for arms manufacturers, including a Korean company. Tejinder Singh has been booked under section 12 of the Prevention of Corruption (PC) Act. Under Section 12 of the PC Act, a person who abets the offence of making a public servant accept illegal gratification, whether or not that offence is committed in consequence of that abetment, can be punished with the minimum punishment of six months which may extend to five years.
"We have evidence of his links with a shadowy set of former defence officers who were on the payroll of arms manufacturers and suppliers", said a senior CBI source.
CBI books Tejinder Singh for bribe offer to ex-Army chief

Tatra Scam: Will Tejinder Singh sing?

Tatra scam: CBI carries out raids, registers case against Tejinder Singh Oct 20, 2012
New Delhi: CBI today carried out raids at five places here after registering a case against Lt Gen (retd) Tejinder Singh on Ex-Army chief VK Singh’s complaint that he was offered bribe to clear a tranche of “substandard” vehicles.
CBI sources said the agency has registered a case against Tejinder Singh and unknown persons after it gathered prima-facie evidence to register a formal case on the complaint of Gen Singh.
Soon after registering the FIR under relevant sections of Prevention of Corruption Act, the agency carried out searches at five locations here including the premises of Tejinder Singh, they said.
After getting a formal complaint from Gen Singh, the agency had initiated a preliminary enquiry in April this year.
The then Army chief had alleged that Tejinder Singh offered him a bribe of Rs 14 crore, a matter he had reported to Defence Minister AK Antony, to clear purchase of nearly 600 all-terrain Tatra BEML trucks in September 2010.
Tejinder Singh has refuted the allegations and also slapped a defamation case against Gen Singh.
As part of the Preliminary Enquiry, CBI has looked into the alleged relationship Tejinder Singh enjoyed with the Vectra group which purportedly prompted him to make the offer to the then Army Chief, the sources said.
During the course of the preliminary enquiry, the agency has questioned Tejinder Singh with regards to allegations levelled by Gen Singh and his alleged relations with arms dealers including Vectra Chairman Ravinder Rishi.
Tatra scam: CBI carries out raids, registers case against Tejinder Singh

How Ministers children rule India?

Politician to son: Don’t come back to India
by Anant Rangaswami Oct 15, 2012
My dear son,
When you went abroad to study, it was with a clear understanding that, once you finish your education you would return to India. We took a family decision when your education ended; that it made sense for you to stay in the US for a few years more, enjoy your youth, money and then return and stand for elections as Member of Parliament from the constituency our family has represented for so many decades.
It has been five years since you left, and, last week, when we spoke on Skype, you told me that you believed that it was time to return. At first, I was delighted. Then, after the call was over, the import of what you planned to do sank in. My impulse was to call you back immediately, but I thought I’d put my thoughts down in an email so that you have a better understanding of what I want to say and why I say it.
In a nutshell, I do not want you to return to India. The India of today is not the India that you left. Much has changed – and much of the change negatively affects families like ours.
“The India of today is not the India that you left. Much has changed – and much of the change negatively affects families like ours”. AP There is a change in the balance of power in society. People do not understand what people like me, member of parliament, do – and no longer acknowledge that all of us, thanks to the great sacrifices we make for our constituency, do not live like normal people.
Just the other day, a fellow Member of Parliament was almost shamed in the context of what media is calling a Rs 71 lakh ‘scam’. The media, who no longer seem to have respect for people like us, are harassing him the whole day, treating him like a common cheat. Even worse is the case of Robert Vadra, Priyankaji’s husband. It seems DLF lent Robertji Rs 65 crore without any security – and the media and social activists are making that out to be a crime. What crime? Many friends in business have lent me hundreds of crores without any security over the decades – and they haven’t even asked for me to return it. Why would they? After all, as a friend, I’ve helped them on so many instances that they’ve earned fortunes from our friendship. Now, media is making it sound like it’s a crime for MPs and ministers to help friends. What a terrible state of affairs.
Sharad Pawar’s nephew has been forced to resign because of some allegations on a developmental work that he was involved in. Media says that he helped contractors make extra money by approving of rises in estimates after the contracts were awarded. What is wrong with that? Your grandfather used to do the same with his friends, as did I.
Ministers like Raja, Kanimozhi and Kalmadi have been jailed because of trying to help their friends. This is where our country is going to. No one has any respect for our class any more, and the media and social activists are being helped by the courts – they’re ganging up against us.
Things are bad in India, son. It is becoming difficult for people like us to carry on in the way we are used to. We are treated like commoners, we are called cheats and thugs. We’re reaching a stage when toll booth attendants expect us to pay – an FIR was filed against an MP who, obviously got upset at the request and threatened the attendant with a gun for his cheek.
It is getting very petty. The other day, Air-India staff at Guwahati charged three MPs for carrying excess baggage. MPs not being allowed excess baggage on the national airline, and lowly employees of Air-India not respecting them? This is the new India, the India you want to come back to!
That’s why I write this note to you. Do not come back to India, and forget about plans on a career in politics. Come to Geneva next week; I will meet you there. I will transfer money to your account so that you can invest in a house in New York. As far as business is concerned, maybe you could buy a university nearby. After all, your uncle has six universities in India and they are quite profitable. I will ask him to guide you when you begin your venture.
Will discuss in detail when we meet next week.
With love from your father.
Politician to son: Don’t come back to India

1962 war: Governance of the Mughal style caused the defeat

‘Few lessons learnt from 1962 war’
by F wire Oct 13, 2012
New Delhi, Oct 13 (IANS) India was engaged in a bruising war with China in 1962 because the apparatus of the state was at fault but no lessons seem to have been learnt from this, diplomatic, military and media veterans of the “humiliation” that the country suffered 50 years ago lamented.
“The 1962 conflict occurred because the apparatus of the state was at fault but we still don’t take structured decisions,” former top diplomat K.Shankar Bajpai said at the second round table discussion on “50 Years After 1962: India-China Relations” organised by the India International Centre, the Subbu Forum and the Society for Policy Studies (SPS) Friday evening.
“The 1962 conflict was a total example of what a government should not do. It was governance of the Mughal style,” Bajpai, a former ambassador to China, US and Pakistan who was also the convenor of the National Security Advisory Board contended and then posed a question: “Have we learnt from it?”
He left the answer hanging but the implication was quite clear: that 50 years down the line, no lessons had been drawn from the conflict.
Another security expert, Brig (retd) Arun Sehgal, echoed Bajpai.
“Their is talk of jointmanship but there is no thinking on integrated joint operations. Because of this, there is no common operating picture,” he said.
Sehgal also rued that the Indian establishment continues to think that China will follow “the attritional policy of 1962″, while in reality it was “enhancing its capabilities for asymmetrical attacks”.
Lamenting the “casual decisions taken in Delhi”, Mohan Guruswamy. a China expert of the Observer Research Foundation, said: “In 1962, there was no coordination, there was casual decision-making. Are we condemned to repeat it?”
Inder Malhotra, veteran journalist who covered the war, said it was a result of a “total misreading of the situation” by prime minister Jawaharlal Nehru who never thought the Chinese would make an all-out assault but only resort to “small skirmishes” to settle their territorial claims.
“Indian forces at the time were hopelessly unprepared, Malhotra said. He said if the Indian Air Force was used to give air cover to the Indian Army – a flawed decision that has been rued by military experts since then – the results of the war would have been totally different.
However, Arvinder Singh Lamba, former vice-chief of army who retired recently, dismissed such fears saying “there was no scope for any surprises (from China) in future.
“We have come a long way,” he said, in terms of enhancing border surveillance and intelligence and fortifying border infrastructure.
C Uday Bhaskar, former director of the Institute of Defence Studies and Analyses (IDSA), added that the much expected ‘Asian Century’ of the 21st century would be determined by the texture of the Sino-Indian relationship over the next two decades. Enhancing comprehensive national power is imperative , he added, but bemoaned the fact that the Indian political establishment has little time or comprehension of complex national security issues.
‘Few lessons learnt from 1962 war’
Related Posts

IAF sorties a flop during war: Daily

China Was The Aggrieved; India, Aggressor In ‘62

OROP: ESM waits for Justice while Government squanders money on subsidies

Extending the 'one rank one pension' rule to ex-servicemen was long overdue
ET Bureau Oct 8, 2012, 06.42AM IST
The government has done well to accede to the long standing demand of ex-servicemen for 'one rank, one pension (Orop)'. But the manner of putting this principle to practice has invited criticism from ex servicemen.
This defeats any political gain the ruling coalition expected from the decision. It is still possible to discuss this with ex-servicemen and remove the niggles that remain. This corrects a long-standing injustice to the armed forces vis-a-vis their civilian counterparts.
The government had conceded the Orop demand for civilians close to a decade ago on the grounds of equity. It is iniquitous to differentiate between pension entitlement of retirees of the same rank and years of service merely on the basis of when they retire.
Having accepted the merit of this in one case, there was no justification to deny it to ex-servicemen. Many would argue the nation owes more to those who guard its borders than to civilian pensioners. Governments resisted the Orop demand because of the additional stress it would impose on the exchequer.
Unlike civilians who retire at 60 and, given the average life span of 70-80 years, can be expected to draw pension for an average of 10-20 years, military personnel retire earlier. As a result, they can be expected to draw pensions for much longer. The reality, moreover, is that the rules of the game are drawn up by civilians and that meant ex-servicemen had to wait for justice to be done.
As a paper that has long argued for fiscal rectitude and expenditure control, it might seem at odds for us to defend a package that is expected to cost about Rs 2,300 crore annually in its present form, a little more when the package is properly fleshed out and is likely to increase in future.
Except that we have never stood for a blanket clamping down on expenditure as much as for rationalisation and wise prioritisation of public expenditure. Between subsidies on diesel and cooking gas of over Rs 1.5 lakh crore and other subsidies, the Rs 2,300-crore bill on account of higher pension to ex-servicemen, there is no doubt which is more deserving. In terms of hard numbers, the amount is almost insignificant. But as a long-overdue * gesture, its significance cannot be underestimated.
Extending the 'one rank one pension' rule to ex-servicemen was long overdue

Can P Chidambaram keep GDP at pace with Inflation?

October 9, 2012, 2:35 PM IST
IMF Cuts India Growth Forecast to 4.9%
In a speech last month, Prime Minister Manmohan Singh said India’s economic growth could “collapse” to about 5% per year if the country can’t break free of a “policy logjam” and make advances in everything from manufacturing output to infrastructure development to agricultural growth.
Well, by that definition, the International Monetary Fund has just said India is in the process of collapsing. The IMF’s “World Economic Outlook,” released Tuesday, forecast 4.9% gross domestic product expansion in India in 2012, a downward revision of 1.3 percentage points from the July forecast — the worst mid-year recast by the IMF for any major economy.
The report said: “India’s activity suffered from waning business confidence amid slow approvals for new projects, sluggish structural reforms, policy rate hikes designed to rein in inflation, and flagging external demand.”
The government’s outlook, not surprisingly, is more bullish. Finance Minister Palaniappan Chidambaram told reporters Monday that he expected growth to rebound from the April-June level of 5.5% in coming quarters. In an interview with The Wall Street Journal, Mr. Chidambaram said he expects that India’s moves to allow greater foreign participation in a range of sectors from retail to aviation to insurance will buoy the economy, along with coming fiscal belt-tightening measures.
Indeed, the IMF does see the recent round of reforms having some impact – but it will take some time. “Improvements in external conditions and confidence––helped by a variety of reforms announced very recently––are projected to raise real GDP growth to about 6 percent in 2013,” the IMF report said.
India’s hard times aren’t out of step with the world. The IMF’s growth forecast for advanced economies including the U.S., Germany and U.K. is 1.3% for 2012; Brazil’s forecast of 1.5% represents a one percentage point downward revision.
But sub-5% growth in India has some very perilous implications for the country. Indeed, anything below 6% growth can lead to rising unemployment in a nation where millions of young people are joining the workforce each year. The Kelkar Committee, an expert panel that recently submitted recommendations to the finance ministry on fiscal policy, said growth of 6% could translate into 2.4% employment growth, too slow to keep up with 2.5% labor force growth.
Mr. Singh in his recent remarks to a Planning Commission meeting made it clear how high the stakes are. In making a case that policymakers need to break out of their state of gridlock, he said: “If this continues for any length of time, vicious cycles begin to set in and growth could easily collapse to about 5 percent per annum, with very poor outcomes on inclusion. I urge everyone interested in the country’s future to understand fully the implications of this scenario. They will quickly come to an agreement that the people of India deserve better than this.”
Amol Sharma is an India Correspondent for The Wall Street Journal.
IMF Cuts India Growth Forecast to 4.9%
About P Chidambaram
His grand uncles and grand father were the Co-founders of Indian Overseas Bank, Indian Bank, United India Insurance and Annamalai University. He is married to Nalini Chidambaram, daughter of Justice (Retd.) Kailasam, Supreme Court, and Mrs. Soundra Kailasam, a renowned Tamil Poet and author, who is a Senior Advocate and a tax lawyer practicing in the Madras High Court and the Supreme Court, primarily in litigation related to the Central Excise department of the Government of India. He has a son, Karti P. Chidambaram, who graduated with a BBA degree from the University of Texas, and a Bachelors in Law from Cambridge University. His son is also a politician in the Congress party and consultant and CEO of many companies. Chidambaram is an atheist. Click here for more...
Tail piece: Chidambaram as FM only sees $$ in FDI's... He is Master of Mathematics, Money and Magic!

Media Cover for Ghosts and Corrupt Bureaucrats in MOD

Ref: Army HQ nod to foreign firm under scanner
India: Emergency Defense Purchase
Tue, 2012-10-09 00:38 — editor
News Comments By S.G.Vombatkere**
The front page news report of a reputed national daily on October 8, 2012, is headlined “Army HQ nod to foreign firm under scanner”. A picture of retired Gen V.K.Singh with the caption “Ex-Army chief initiated 'emergency purchase'” and the subtitle “$100 mn Tender – MoD finds Bulgarian firm not an original manufacturer; Russia complains”, clearly targets Army HQ.
The news item concerns emergency procurement of anti-aircraft gun ammunition allegedly through an irregular selection procedure.
This needs to be viewed in the context of the then Chief of the Army Staff (COAS) Gen V.K.Singh's April 2012 letter to the Prime Minister, in which he reported that there were military hardware obsolescence’s and deficiencies of ammunition and equipment seriously affecting the battle readiness of the army.
This letter got leaked to the media. Even though Gen V.K.Singh demanded that the source of the leak be punished because it is treasonable, and the Raksha Mantri (RM) said it is a “breach of national security”, bureaucrats in MoD/PMO are soft-pedaling investigation because the ghost that caused the leak is right there amongst them.
Among the questions that need to be asked are: “Why did Army HQ initiate emergency purchase of anti-aircraft (AA) ammunition?”; “Could not Army HQ have foreseen the requirement and projected it to MoD in the normal course?”; and, “Did glitches in procurement procedures result in inordinate delay and consequent shortage of AA ammunition, creating an emergency that would have serious operational repercussions?”.
Also, if there is a military engagement with another country, can any COAS simply pack up the AA guns and tell the PM or RM, 'You have not provided the ammunition'? It is well known that defense procurement procedures are bureaucrat-controlled and corruption is indulged in by those who are in control. This is not to absolve Army HQ or COAS of responsibility but to point out that the dominant role in all defense procurement is that of the MoD bureaucracy, specifically, the Defense Secretary.
It is only the COAS who would initiate emergency purchase precisely because that is the level of responsibility for national security. But the reporter apparently has not stopped to enquire why there was an emergency. Targeting Army HQ by oblique accusation of corruption has inadvertently provided cover to corrupt officials. In any case it would have been more appropriate to paste the Defense Secretary's picture with the news report.
Gen V.K.Singh's courageous, path-breaking and openly-declared condemnation of corruption among the nexus of corrupt bureaucrats and certain retired army officers, together with the unassailable honesty of RM A.K.Antony, have discomfited the MoD bureaucracy. Hence it is necessary for them to target Army HQ and Gen V.K.Singh to divert media glare away from them.
It is unfortunate that the media has been misled by information provided by MoD bureaucrats, without asking questions on the lines mentioned above. One sincerely hopes that there is no bureaucrat-media nexus in this case.
**S.G.Vombatkere served 35 years in the Indian army and retired with the rank of major general from the post of Additional DG in charge of Discipline and Vigilance in Army HQ, New Delhi. He is presently engaged in voluntary work and is a member of the National Alliance of People's Movements (NAPM) and People's Union for Civil Liberties (PUCL). Asian Tribune
India: Emergency Defense Purchase
Related reading
Lt Gen Bhatia to probe MI unit set up by ex-chief Gen V K Singh

Tatra Scam: Will Corrupt Babus and Generals still get their kickbacks?

HT New Delhi, September 17, 2012
The defence ministry is planning to cancel the BEML order, worth over Rs. 50 lakh, given to UK-based Tatra Sipox for supplying one truck, in the wake of the CBI probe into the allegations of irregularities in the supply of these vehicles. The order for the truck was placed by BEML in May for the Defence Research and Development Organisation.
The Ministry is planing to cancel the order worth over Rs. 50 lakh placed by BEML with the UK-based Tatra Sipox, sources told PTI here.
When asked about the development, defence ministry's Department of Defence Production refused to comment on it.
BEML had written a letter to Tatra Sipox in May this year seeking urgent delivery of a Tatra truck for around Euro 88,000 (over Rs. 50 lakh).
The tie-up between BEML and UK-based Tatra Sipox for supplying Tatra trucks to the Indian forces has been under the scanner after former Army Chief Gen VK Singh alleged that he was offered a bribe of Rs. 14 crore for clearing a file for procuring over 600 such vehicles.
After the allegations came to light on March 27, defence minister AK Antony ordered a CBI inquiry into the allegations.
BEML's chairman and managing director VRS Natarajan has also been removed out of his office by the Ministry for ensuring a free and fair probe into the charges.
BEML and Tatra have supplied more than 6,000 such heavy-duty trucks to the armed forces and the DRDO for carrying missiles and other heavy systems.
Defence ministry to cancel DRDO's Tatra truck order PTI

Tatra Scam: MOD and AHQ taken for a tata ride

BEML allegedly surrendered Tatra truck manufacturing rights partially
DEVESH K. PANDEY: The Hiondu NEW DELHI, September 25, 2012
The Central Bureau of Investigation has strong reasons to suspect that Bharat Earth Movers Limited (BEML), through a memorandum of understanding with the Ravi Rishi-owned British company Tatra Sipox U.K., during the tenure of the suspended BEML chief V. R. S. Natarajan, allegedly partially surrendered the manufacturing rights of all-terrain Tatra trucks in 2003. The agency might now seek the opinion of the authorities concerned to verify the suspicion.
Investigations into the alleged irregularities in the supply of the trucks through BEML to the Indian Army have so far revealed that based on the 1986 and 1997 agreements with the manufacturers, BEML had gained exclusive rights to manufacture the trucks in India. However, through an MoU with Tatra Sipox U.K. in February 2003, it is alleged that the manufacturing rights were partially surrendered by excluding the axle part of the truck.
The CBI probe has revealed that the public sector unit had in 1986 entered into an agreement with Tatra of the erstwhile Czechoslovakia for supply of Tatra T815 trucks. Simultaneously, under the agreement, documents on technological know-how pertaining to the manufacturing of the trucks were also bought for Rs. three crore. It was agreed that BEML would progressively indigenise the trucks and the target was fixed at 85 per cent indigenisation by 1991.
However, when Czechoslovakia split into the Czech Republic and Slovakia in 1993, the manufacturing company also split into two. While the one manufacturing 70 per cent of the product was renamed as Tatra AS, the other was called Vab Sipox. According to agency sources, investigations revealed that Vab Sipox was gradually privatised and 80 per cent of the company was taken over by Josef Majsky, who allegedly had prior business links with Ravi Rishi.
During the turbulent phase, the supply of trucks was hit, and subsequently Ravi Rishi’s Venus Projects bagged one order of 100 trucks from BEML. It is alleged that Venus was awarded the contract despite the fact that it was neither a manufacturer nor its subsidiary, but a marketing company. In 1994, CBI probe revealed that Venus and Tatra Sipox allegedly came together to set up Tatra Sipox U.K. through a 50-50 partnership. Later, the company was allegedly taken over by Mr. Rishi.
The Slovak-based company, which earlier manufactured the truck axle and backbone tube part, during the correspondences with BEML, allegedly started exerting that BEML could not manufacture the axle as it was a patented product and thus had to be imported.
The agency has found that the agreement for supply of the truck components that was renewed in 1997 reinforced the exclusive manufacturing rights of BEML in India. Also, it allegedly mentioned that the technological know-how documents had been transferred to BEML.
However, soon after Mr. Natarajan took over as BEML chief, the PSU entered into an MoU with Tatra Sipox U.K. allegedly excluding the rights to manufacture the truck axle, thus partially surrendering the manufacturing rights. “The BEML was supposed to import only the components and manufacture the trucks on its own,” said a CBI source.
Investigations have also revealed that BEML had also developed a prototype of the Tatra truck axle, but it was not allowed to further develop it and was allegedly forced to import the axle, causing huge losses to the exchequer. Interestingly, agency sources said the then Secretary Defence Production had then raised objections asking cancellation of the 2003 MoU. However, the objections were ignored.
On the issue of the alleged surrendering of manufacturing rights, BEML Chief of Public Relations B. S. Sridhar said over the phone that he did not know anything about it. Several attempts to contact Mr. Natarajan also did not elicit any response.
BEML allegedly surrendered Tatra truck manufacturing rights partially
Hindu Readers Comments

How could a scam of this magnitude remain hidden from scrutiny for so long? What were the Vigilance Officers at BEML and the CVC doing? To me it seems almost impossible that a scam of this magnitude could have remained unknown for so long without the knowledge politicians at the highest levels. Will any of these politicians be brought to justice at any time? from: krishna Posted on: Sep 25, 2012 at 02:06 IST

Such negligence is very common in technology driven PSUs of defence ministry.Removing the cover of OFFICIAL SECRETS ACT can bring the can of worms in the open.It is really a criminal wastage of public money and scarce resources of our poor nation without the knowledge of tax paying public. from: Atis Posted on: Sep 25, 2012 at 09:52 IST

In a criminal case it is in the chargesheet that must do the talking. All these reports are nothing better than idle talk. A waste of time and space. from: Hilary Pais Posted on: Sep 25, 2012 at 10:05 IST

Mystery: BEML, Tatra Sipox and Venus Projects payments routed to tax haven

BEML payments to UK Tatra Sipox for deal routed to Rishi's Hong Kong firm
Josy Joseph, TNN Aug 11, 2012, 02.48AM IST
NEW DELHI: Investigators are bewildered by the strange financial relations between Tatra Sipox UK, the British company that had been supplying Tatra trucks to BEML, and another company in Hong Kong controlled by the controversial NRI businessman Ravi Rishi.
The CBI is investigating irregularities in the purchase of all-terrain Tatra trucks by defence public sector unit BEML for the Indian military. Allegations of irregularities in the deal were sent to CBI for investigation by defence minister A K Antony earlier this year, but it hit headlines after former Army chief General V K Singh claimed that he was offered a bribe of Rs 14 crore to approve purchase of a new batch of Tatra trucks.
Rishi, who controls Tatra Sipox UK and is the prime accused in the CBI FIR into the Tatra scandal, recently moved the Supreme Court seeking permission to travel abroad. CBI has opposed the demand.
What brings a mysterious twist to the Tatra scandal is the relation between Tatra Sipox UK and Venus Projects Ltd of Hong Kong. Venus is controlled from the secretive tax haven of Liechtenstein.
Investigators have been given details by banks and others concerned to establish that every time Tatra Sipox received a payment from BEML, the entire amount was immediately transferred to the account of Venus. In return, Venus gave Tatra Sipox just a 1% commission. "Tatra Sipox was just a transaction handling agency with no powers at all," a source said.
To make the entire transaction easy, both Tatra Sipox and Venus had their bank accounts with Canara Bank in London, and operated them in euro currency. In fact, on February 6, 2007, BEML agreed, for strange reasons, to change the procurement currency from dollar to euro, which led to significant loses to BEML over the next few years. Once BEML issued payments in euro, there was no currency conversion costs on either Tatra Sipox UK or Venus Projects.
With the fresh revelations that Tatra Sipox did not even have the right to decide on the payments received from BEML, the attention should shift to Hong Kong-based Venus Projects. According to documents of Venus Projects until 2011, all the shares of the company were held by Deswa Holding Establishment based in Liechtenstein.
By January 2012, Tatra Sipox was fully owned by Vectra Ltd, which in turn was also run by a trust in Liechtenstein.
BEML had signed a contract with Tatra Sipox in 1997 for a 10-year period for the supply of the all-terrain trucks and its parts. In 2003, four years before the contract expired, the PSU renewed its contract with Tatra Sipox to extend the "scope of working relationship", according to the CBI FIR into the case.
BEML is believed to have told the defence ministry that it was entering into a contract with a fully-owned subsidiary of Tatra AS, the Czech manufacturer of the all-terrain trucks. However, CBI is now convinced that Tatra Sipox UK had nothing to do with the original equipment manufacturers.
And with the latest revelations of Venus Projects being the real 'controlling authority', the Tatra contract has assumed more complex hues. Tatra Sipox emerged on the scene after the collapse of Czechoslovakia into Czech Republic and Slovakia. The company was incorporated in UK in 1994.
BEML payments to UK Tatra Sipox for deal routed to Rishi's Hong Kong firm
Related Reading

Black money case: Centre declines to make names public

Tracking Tatra: How are Chidambaram and Vayalar connected?