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Tuesday, March 29, 2011

Black Money Trails...

It is not as much about the magnitude of the money as much as who are Hasan's clients. It is Chief Minister, prominent Actor, prominent Businessmen, Chief Secretary, Ministers, family members of Politicians, Builders...all those category of people every common man in the street knows to be corrupt. So, who is surprised? The System is designed to ignore these and continue as though nothing is the issue. Then it stumbles upon this information (thanks to some activist judiciary) and doesn't know what to do with it.  The system is not designed to handle such cases, it can't.

The Cops mention that ever since they have arrested another Kolkatta aide of Hasan Ali, they have been under 'severe pressure' and in a first ever (as far as I know), the Enforcement Directorate (ED) executives have sought protection for themselves and their families!!!

The system that absorbs such large black money obviously has a violent side, they go together, no wonder, arms dealer, Kogeshshi's name has made a come back into our midst.

Like the 2G that is fast being buried (literally in the case of poor Sadic Batcha), this case too will be buried so that more people can live safely and the system in ignorant bliss.

Comments by the Supreme Court
The apex court also expressed its dismay that the government's probe into the issue of black money was focussed only on the case involving Pune stud owner Hasan Ali Khan and no name of any other person involved in stashing funds abroad has come out.

"No further information is coming out. Only one individual is there. What about others?" a bench of justices B Sudershan Reddy and S S Nijjar asked Solicitor General Gopal Subramanium, who submitted to the bench, in a sealed cover, the Enforcement Directorate's status report of its probe in the case.

After perusing the status report, the bench criticised the steps taken by the government in the investigation of the matter including that relating to the passport case against Khan.

"It is very difficult to be calm and quiet after seeing the status report," the bench remarked.

"Why all these agencies were sleeping since 2008? Why it moved when we stepped in? If writ petition had not been filed, nothing would have happened," the bench observed. The court was hearing a PIL seeking retrieval of black money stashed by Indian citizens in banks abroad. The PIL had been filed by former Union Law Minister Ram Jethmalani.

The court reiterated its idea of setting up a Special Investigation Team (SIT) comprising officers of Intelligence Bureau, Research and Analysis Wing, Central Bureau of Investigation and Enforcement Directorate to probe the entire issue related to the black money stashed in banks abroad. 

News Source:

Latest revelations
  • A former Andhra Pradesh chief minister had his black money routed back from abroad through Ali.
  • Ali helped a popular Telugu film producer-actor to get his money moved around for financing his films in mid 2000s.
  • Another Andhra leader and two regional parties banked on Ali to access their money parked abroad.
  • Certain politicians in Kerala and Tamil Nadu also used Ali's help for similar work.
  • An Andhra Pradesh party brought back close to Rs 200 crore from abroad through Ali for the 2009 elections.
  • An actress whose accounts are managed by her brother also had money routed through Ali.
  • A popular Maharashtra Congress leader had funds for his election campaigns routed through Ali.
  • Ali spent crores of rupees for the wedding of the son of a senior Maharashtra politician.
Those named earlier
  • Hasan Ali laundered money for three former chief ministers of Maharashtra.
  • Amlendu Kumar Pandey, a Congress leader from Bihar, allegedly helped Ali obtain a passport from Patna on the basis of forged documents and open an account in Singapore to park his black money.
  • Investigations exposed Ali's links with four Maharashtra bureaucrats, who are also involved in the Adarsh housing society scam.
  • Ali laundered money for a Maharashtra builder, a close associate of a former CM who resides in a plush apartment at a famed Nariman Point building in Mumbai.
  • Ali is believed to have pumped in money into the businesses of the son-in-law of one of these former CMs.
  • Ali also had close connections with Adnan Khashoggi, an international arms dealer.

News Source:

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