Baba ramdev arrested....supporters attacked

[Rig Vedic]

Nowadays if you even slogans like "Bharat mata ki jai " and " Bande maataram" ,some socalled secular obviously self appointed protector of minority feelings cringe heavily with discomfort .

Obviously the self appointed protectors earn their living by keeping "minorities" isolated and fearful. The question is, are you making things easier for these self-appointed protectors.

 

[Maritimer]

In the chaos of all this Secular vs communal debate, it is to be noted that anti-corruption movement is now lead by the growing Indian middle-class (leftist and right wing) and will certainly turn into an election issue. Congress will have to clean up its act before 2014, or it is certainly going to be shown the exit door. Election results in TN is an indicator. Congress can no longer ride on the 'aam admi' support, because a major chunk of the population of 'aam admi' has transformed into a sizable 'middle-class' over the last decade.

 

[Manas]

What I am saying is that we should think in terms of individuals, not in terms of majority and minority. When someone says that somebody is a minority and is therefore in a different category, they are already admitting defeat. Read the article about Abdul Kalam, it is interesting.

I'm talking about reality ,while you are on how we should think and what should we do.

We can always do the right thing , but not get away from the reality , R u getting my point ??

 

[majesticpankaj]

Its so.
If BJP & RSS is so popular why couldn't win even 8 seats out of total 800 seats contested in recent assembly elections.
So they wanted an issue to keep them alive and divert the attention from recent defeats. So all these Baba's Drama.
Wasn't his Fast Fixed and made a fool of his 10 crore followers (as calimed by him)

lol... don't act like a joker.. isn't the BJP is the second biggest party in India and having more than 100 seats ?? dont they have a great base in north India..?? don't hide behind ur fantsy...

congress has ashamed the whole nation during CWG, 2G scam and adarsh complex...

they have creating hurdles against the anna hazare also.. dont u know the DOgvijay singh who barks on the behest of Italian ma'am (she didn't take the nationality of india for 15 years)...

where is rahul baba.. why he doesn't go on road against corruption ??

where is our spineless PM who was sleeping when RAJA was stealing national treasure??

The basic point is that there is violation of fundamental rights of people.. who were peacefully protesting against the corruption.. GOV needs to answer that.. SC has alaso issued the notice... now u apologists should also go against SC..

 

[Rig Vedic]

I'm talking about reality ,while you are on how we should think and what should we do.

We can always do the right thing , but not get away from the reality , R u getting my point ??

I am not saying that anybody should bury their head in the sand. I am also talking about reality, but it is a subtler and more powerful reality.

 

[Tripathy]

lol... don't act like a joker.. isn't the BJP is the second biggest party in India and having more than 100 seats ?? dont they have a great base in north India..?? don't hide behind ur fantsy...

congress has ashamed the whole nation during CWG, 2G scam and adarsh complex...

they have creating hurdles against the anna hazare also.. dont u know the DOgvijay singh who barks on the behest of Italian ma'am (she didn't take the nationality of india for 15 years)...

where is rahul baba.. why he doesn't go on road against corruption ??

where is our spineless PM who was sleeping when RAJA was stealing national treasure??

The basic point is that there is violation of fundamental rights of people.. who were peacefully protesting against the corruption.. GOV needs to answer that.. SC has alaso issued the notice... now u apologists should also go against SC..

What congress is doing will not be discussed in yoga training center. They will discuss it in parliament. The shame of 2G, CWG and Adarsha did happen, but this govt. also took strong steps against itis own CM and ministers. This is unprecedented. The Govt. went to SC and asked it to supervide CBI enquiry as opposition is creating confusion that CBI is not trust worthy.

This is the credibility of Congress leaders who took action. Not like BJP who is nothing but a puppet in the hands of yeddy.

 

[majesticpankaj]

What congress is doing will not be discussed in yoga training center. They will discuss it in parliament. The shame of 2G, CWG and Adarsha did happen, but this govt. also took strong steps against itis own CM and ministers. This is unprecedented. The Govt. went to SC and asked it to supervide CBI enquiry as opposition is creating confusion that CBI is not trust worthy.

This is the credibility of Congress leaders who took action. Not like BJP who is nothing but a puppet in the hands of yeddy.

hahaha... why dont u people follow news and always need the spoon feeding...

Government didnot go to SC.. PIL was filed in SC to take the action..

whatever is happening is beacuse of SC not because of GOV.. what u can expect form spineless PM who was sleeping when RAJA and co. was staeling the our hard earned money and giving excuse of coalition Government .. pathetic..!!!

agains.. today a suo moto notice has been issued by SC not by ur beloved Government..

why the congress afraid of having a public debate about the black money.. they should be trasparent..

dude go and read about Hasan ali case.. u will be shocked to learn about the statement of pranab mukherjee about his account in swiss bank..

 

[T90TankGuy]

lol... don't act like a joker.. isn't the BJP is the second biggest party in India and having more than 100 seats ?? dont they have a great base in north India..?? don't hide behind ur fantsy...

congress has ashamed the whole nation during CWG, 2G scam and adarsh complex...

they have creating hurdles against the anna hazare also.. dont u know the DOgvijay singh who barks on the behest of Italian ma'am (she didn't take the nationality of india for 15 years)...

where is rahul baba.. why he doesn't go on road against corruption ??

where is our spineless PM who was sleeping when RAJA was stealing national treasure??

The basic point is that there is violation of fundamental rights of people.. who were peacefully protesting against the corruption.. GOV needs to answer that.. SC has alaso issued the notice... now u apologists should also go against SC..

you really think the bjp will come into power after all this tamasha they created ? people are not fools . please remember 2 successive elections were lost by them . they are now really low in Numbers . without this there is nothing they could do to revive their fallen glory .
reminds me on 90 when advani took the rath yatra . .
answer me something . what does the average Indian want? a better life? more money ? more growth ?
they are getting it even today without electing the BJP which comes with a lot of baggage.. who would you say is a national leader in the BJP? advani ? he guy is weak .
sushma swaraj? you want her? this lady was such a sore looser she wanted to cut off her hair if sonia became the pm.
arun jaitly? this guy can criticize , but thats all he does . nothing constructive .
lets be honest the BJP after vajpey does lack strong leadership .
god forbid you guys ever declare that Modi will stand for PM . you will loose all your existing seats too.

 

[majesticpankaj]

you really think the bjp will come into power after all this tamasha they created ? people are not fools . please remember 2 successive elections were lost by them . they are now really low in Numbers . without this there is nothing they could do to revive their fallen glory .
reminds me on 90 when advani took the rath yatra . .
answer me something . what does the average Indian want? a better life? more money ? more growth ?
they are getting it even today without electing the BJP which comes with a lot of baggage.. who would you say is a national leader in the BJP? advani ? he guy is weak .
sushma swaraj? you want her? this lady was such a sore looser she wanted to cut off her hair if sonia became the pm.
arun jaitly? this guy can criticize , but thats all he does . nothing constructive .
lets be honest the BJP after vajpey does lack strong leadership .
god forbid you guys ever declare that Modi will stand for PM . you will loose all your existing seats too.

lol.. i am not a BJP supporter and nor do i believe that everything will change after they come into power. and most of the garbage u have posted is more of ur personal opinion and perception of which i do not care. here i am not defending the action of BJP. my sole point is how they can violate the fundamental rights of peaceful protesters.. they could have waited till the morning as ladies and children were involved and could have given them some time to evacuate the place .

the corruption done by UPA is out in open.. so many cases are going on against them because of SC.. do study about the hasan ali case... the congress has been fully exposed how secretly CBI closed the bofors case .. every one knows that

 

[utraash]

This congress gov. has no shame for its dictatorship on such a peaceful protest but same time our spineless MMS led gov. cant do nothing to Arundhati who already shown her great respect to this country. MMS & Sonia is real kaminas ....... Congressis your game is over now.........

 

[majesticpankaj]

This congress gov. has no shame for its dictatorship on such a peaceful protest but same time our spineless MMS led gov. cant do nothing to Arundhati who already shown her great respect to this country. MMS & Sonia is real kaminas ....... Congressis your game is over now.........

kapil sibal and dogvijay singh are worst than pimp.. they will sell their mother for soniaji....

and what u can expect from a Gov. whose sitting cabinet minister was absconded after the arrest warrant (shibhu soren)..
and the spineless PM didn't fire him and was doing kow tow in front of amul baby

 

[utraash]

MMS doesnt have balls to concede the demands of the people because they know if they all MF netas will be booked for corruption. Most of them will be congressis including sonia .... And wtf rahul baba is doing now.... he is an such a$$ hole guy people must kick his a$$$......

 

[majesticpankaj]

[B]India's biggest scams; worth over Rs 80 lakh crore! [/B]With so many scams and scandals hitting the headlines during 2010, virtually pushing other national issues to the background, an effort has been made by some public spirited citizens to compile a list of past and present scams to put the present bunch of scams -- 2G, CWG, IPL, etc -- in perspective.

According to the compilation, the total amount of money involved in various scams over the last 12 years alone, since 1992, is estimated to be over Rs 80 lakh crore (Rs 80 trillion) or $1.80 trillion!

While this figure is not claimed to be a definitive calculation, it has been arrived at on the basis of material published in newspapers over the years.

Here is a check-list of some of the major corruption scandals and corporate frauds that hit the headlines and the estimated amounts alleged to have been involved.

2G spectrum scam: Rs 176,000 crore

At a mind-boggling Rs 176,000 crore (Rs 1.76 trillion), the 2G spectrum allocation scam is by far the biggest scam in India. The Supreme Court recently said the spectrum scam has put 'all other scams to shame'.

The incident saw former telecom minister A Raja being forced to resign after the CAG indicted him in the 2G spectrum scam that resulted in a loss of about Rs 176,000 crore to the national exchequer.

Even as investigations in to the scam -- which has now become a political hot potato with the Opposition gunning for the government, demanding a JPC and the ruling UPA adamant on not giving in -- are on, it has come to light that politicians, corporate lobbyists, business houses and even the media might have played a big role in it.

The scandal revolves around the alleged irregularities in allotting wireless radio spectrum and licences by the telecom ministry to private operators -- some of whom were ineligible -- in 2007. Licences were given and spectrum allocation was done at an extremely low price leading to a gargantuan loss to the national coffers.

Ramalinga Raju: Rs 8,000 crore

The biggest corporate scam in India came from one of the best known businessmen.

Satyam founder Byrraju Ramalinga Raju resigned as its chairman after admitting to cooking up the account books.

His efforts to fill the "fictitious assets with real ones" through Maytas acquisition failed, after which he decided to confess the crime.

With a fraud involving about Rs 8,000 crore (Rs 80 billion), Satyam remains one of India's biggest ever corporate scams.

Harshad Mehta: Rs 5,000 crore

He was known as the 'Big Bull'. However, his bull run did not last too long.

He triggered a rise in the Bombay Stock Exchange in the year 1992 by trading in shares at a premium across many segments.

Taking advantages of the loopholes in the banking system, Harshad and his associates triggered a securities scam diverting funds to the tune of about Rs 5,000 crore (Rs 50 billion) from the banks to stockbrokers between April 1991 to May 1992.

Harshad Mehta worked with the New India Assurance Company before he moved ahead to try his luck in the stock markets. Mehta soon mastered the tricks of the trade and set out on dangerous game plan.

Mehta has siphoned off huge sums of money from several banks and millions of investors were conned in the process. His scam was exposed, the markets crashed and he was arrested and banned for life from trading in the stock markets.

He was later charged with 72 criminal offences.

A Special Court also sentenced Sudhir Mehta, Harshad Mehta's brother, and six others, including four bank officials, to rigorous imprisonment (RI) ranging from 1 year to 10 years on the charge of duping State Bank of India to the tune of Rs 600 crore (Rs 6 billion) in connection with the securities scam that rocked the financial markets in 1992. He died in 2002 with many litigations still pending against him.

Hassan Ali Khan: Rs 39,120 crore

Pune-based real estate consultant Hassan Ali Khan was the main accused in a case involving alleged money laundering to the tune of $8 billion (Rs 39,120 crore), and suspected tax evasion.

The Mumbai Income-Tax department had sent him a notice demanding Rs 40,000 crore for not disclosing funds in several foreign bank accounts, including $8 billion in an account in UBS AG, Zurich.

Money stashed away in Swiss banks: Rs 21 lakh crore

Post-Independence, India lost a staggering $462 billion, or about Rs 21 lakh crore, in illicit financial flows due to tax evasion, crime and corruption, a research and advocacy group has said in a report.

The report released by Washington-based Global Financial Integrity (GFI) found that the faster rates of economic growth since economic reform started in 1991 led to a deterioration of income distribution which led to more illicit flows from India.

According to the primary findings of the report titled 'The Drivers and Dynamics of Illicit Financial Flows from India: 1948-2008', India lost a total of $213 billion in illicit financial flows (or illegal capital flight).

These illicit financial flows were generally the product of: tax evasion, corruption, bribery and kickbacks, and criminal activities.

"The present value of India's total illicit financial flows (IFFs) is at least $462 billion. This is based on the short-term US Treasury bill rate as a proxy for the rate of return on assets.

India's aggregate illicit flows are more than twice the current external debt of $230 billion," the report said.

Based on the last five years of the study, 2004-2008, India lost assets at a rate of US $19 billion per year.

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Teak plantation swindle Rs 8,000 crore

The plantation scam took thousands of investors for a ride and is said to be of the order of Rs 8,000 crore.

Dinesh Singhania: Rs 120 crore

Another major scam involved Dinesh Kumar Singhania, the former president of Calcutta Stock Exchange.

Singhania was accused in the Rs 120 crore (Rs 1.2 billion) CSE scam.

Singhania was president of the exchange for two terms and also a director when the scam was unearthed in March, 2001, Mitra said.


Ketan Parekh: Rs 1,000 crore

Ketan Parekh followed Harshad Mehta's footsteps to swindle crores of rupees from banks. A chartered accountant he used to run a family business, NH Securities.

Ketan however had bigger plans in mind. He targetted smaller exchanges like the Allahabad Stock Exchange and the Calcutta Stock Exchange, and bought shares in fictitious names.

His dealings revolved around shares of ten companies like Himachal Futuristic, Global Tele-Systems, SSI Ltd, DSQ Software, Zee Telefilms, Silverline, Pentamedia Graphics and Satyam Computer (K-10 scrips).

Ketan borrowed Rs 250 crore from Global Trust Bank to fuel his ambitions. Ketan alongwith his associates also managed to get Rs 1,000 crore from the Madhavpura Mercantile Co-operative Bank.

According to RBI regulations, a broker is allowed a loan of only Rs 15 crore (Rs 150 million). There was evidence of price rigging in the scrips of Global Trust Bank, Zee Telefilms, HFCL, Lupin Laboratories, Aftek Infosys and Padmini Polymer.

Fertiliser import scam Rs 1,300 crore

The fertiliser import scam cost the national exchequer over Rs 1,300 crore.

Similar scams which cost the nation hugely include:

Sugar import scam of 1994: Rs 650 crore

Meghalaya Forest scam of 1995: Rs 300 crore

Urea scam of 1996: Rs 133 crore

Bihar fodder scam of 1996: Rs 950 crore

Scorpene submarine scam Rs 18,978 crore

In what is billed as one of the biggest defence scandals in India, huge kickbacks were alleged in the planned purchase of 6 French Scorpene submarines.

Other scam that hit the national exchequer include:

Army ration pilferage scam of 2008 Rs 5,000 crore

Bihar land scandal in 1997: Rs 400 crore

Bihar flood relief scam of 2005: Rs 17 crore

Sukh Ram telecom scam in 1997: Rs 1,500 crore

SNC Lavalin power project scam in 1997: Rs 374 

C R Bhansali: Rs 1,200 crore

The Bhansali scam resulted in a loss of over Rs 1,200 crore (Rs 12 billion).

He first launched the finance company CRB Capital Markets, followed by CRB Mutual Fund and CRB Share Custodial Services. He ruled like a financial wizard 1992 to 1996 collecting money from the public through fixed deposits, bonds and debentures. The money was transferred to companies that never existed.

CRB Capital Markets raised a whopping Rs 176 crore in three years. In 1994 CRB Mutual Funds raised Rs 230 crore and Rs 180 crore came via fixed deposits. Bhansali also succeeded to to raise about Rs 900 crore from the markets.

However, his good days did not last long, after 1995 he received several jolts. Bhansali tried borrowing more money from the market. This led to a financial crisis.

It became difficult for Bhansali to sustain himself. The Reserve Bank of India (RBI) refused banking status to CRB and he was in the dock. SBI was one of the banks to be hit by his huge defaults.

IPO scam: Rs 1,000 crore estimated

The Securities and Exchange Board of India barred 24 key operators, including Indiabulls and Karvy Stock Broking, from operating in the stock market and banned 12 depository participants from opening fresh accounts for their involvement in the Initial Public Offer scam.

It also banned 85 financiers from capital market activities.

Abdul Karim Telgi: Rs 500 crore

He paid for his own education at Sarvodaya Vidyalaya by selling fruits and vegetables on trains.

He is today famous (or infamous) for being he man behind one of India's biggest scams.

The Telgi case is another big scam that rocked India. The fake stamp racket involving Abdul Karim Telgi was exposed in 2000. The loss is estimated to be Rs 500 crore (Rs 5 billion), it was initially pegged to be Rs 30,000 crore (Rs 300 billion), which was later clarified by the CBI as an exaggerated figure.

In 1994, Abdul Karim Telgi acquired a stamp paper license from the Indian government and began printing fake stamp papers.

Telgi bribed to get into the government security press in Nashik and bought special machines to print fake stamp papers.

Telgi's networked spread across 13 states involving 176 offices, 1,000 employees and 123 bank accounts in 18 cities.

The Jharkhand medical equipment scam Rs 130 crore

Major irregularities were alleged in the UPA government's free healthcare services programme in Jharkhand.

Other notable scams include:

Punjab's City Centre project scam in 2006: Rs 1,500 crore

Taj Corridor scam of 2006: Rs 175 crore

State Bank of Saurashtra scam in 2008: Rs 95 crore

Rice export scam of 2009: Rs 2,500 crore

Orissa mine scam in 2009: Rs 7,000 crore

Madhu Koda mining scam of 2009: Rs 4,000 crore

Preferential allotment scam of 1995: Rs 5,000 crore

Yugoslav Dinar scam of 1995: Rs 400 crore

Cobbler scam: Rs 1,000 crore

Sohin Daya, son of a former Sheriff of Mumbai, was the main accused in the multi-crore shoes scam. Daya of Dawood Shoes, Rafique Tejani of Metro Shoes, and Kishore Signapurkar of Milano Shoes were arrested for creating several leather co-operative societies which did not exist.

They availed loans of crores of rupees on behalf of these fictitious societies. The scam was exposed in 1995. The accused created a fictitious cooperative society of cobblers to take advantage of government loans through various schemes.

Officials of the Maharashtra State Finance Corporation, Citibank, Bank of Oman, Dena Bank, Development Credit Bank, Saraswat Co-operative Bank, and Bank of Bahrain and Kuwait were also charge sheeted.

Dinesh Dalmia: Rs 595 crore

Dinesh Dalmia was the managing director of DSQ Software Limited when the Central Bureau of Investigation arrested him for his involvement in a stocks scam of Rs 595 crore (Rs 5.95 billion).

Dalmia's group included DSQ Holdings Ltd, Hulda Properties and Trades Ltd, and Powerflow Holding and Trading Pvt Ltd.

Dalmia resorted to illegal ways to make money through the partly paid shares of DSQ Software Ltd, in the name of New Vision Investment Ltd, UK, and unallotted shares in the name of Dinesh Dalmia Technology Trust.

Investigation showed that 1.30 crore (13 million) shares of DSQ Software Ltd had not been listed on any stock exchange.

Virendra Rastogi: Rs 43 crore

Virendra Rastogi, chief executive of RBG Resources, was charged with for deceiving banks worldwide of an estimated $1 billion.

He was also involved in the duty-drawback scam to the tune of Rs 43 crore (Rs 430 million) in India.

The CBI said that five companies, whose directors were the four Rastogi brothers -- Subhash, Virender, Ravinder and Narinder -- exported bicycle parts during 1995-96 to Russia and Hong Kong by heavily over invoicing the value of goods for claiming excess duty draw back from customs.

The UTI scam: Rs 32 crore

Former UTI chairman P S Subramanyam and two executive directors -- M M Kapur and S K Basu -- and a stockbroker Rakesh G Mehta, were arrested in connection with the 'UTI scam'.

UTI had purchased 40,000 shares of Cyberspace between September 25, 2000, and September 25, 2000 for about Rs 3.33 crore (Rs 33.3 million) from Rakesh Mehta when there were no buyers for the scrip. The market price was around Rs 830.

The CBI said it was the conspiracy of these four people which resulted in the loss of Rs 32 crore (Rs 320 million). Subramanyam, Kapur and Basu had changed their stance on an investment advice of the equities research cell of UTI.

The promoter of Cyberspace Infosys, Arvind Johari was arrested in connection with the case. The officals were paid Rs 50 lakh (Rs 5 million) by Cyberspace to promote its shares.

He also received Rs 1.18 crore (Rs 11.8 million) from the company through a circuitous route for possible rigging the Cyberspace counter.

Uday Goyal: Rs 210 crore

Uday Goyal, managing director of Arrow Global Agrotech Ltd, was yet another fraudster who cheated investors promising high returns through plantations.

Goyal conned investors to the tune of over Rs 210 crore (Rs 2.10 billion). He was finally arrested.

The plantation scam was exposed when two investors filed a complaint when they failed to get the promised returns.

Over 43,300 persons had fallen into Goyal's trap. Several criminal complaints were filed with the Economic Offences Wing.

The company's directors and their relatives had misused the investors' money to buy properties. The High Court asked the company to sell its properties and repay its investors.

Sanjay Agarwal: Rs 600 crore

Home Trade had created waves with celebrity endorsements.

But Sanjay Agarwal's finance portal was just a veil to cover up his shady deals. He swindled a whopping Rs 600 crore (Rs 6 billion) from more than 25 cooperative banks.

The government securities (gilt) scam of 2001 was exposed when the Reserve Bank of India checked the accounts of some cooperative banks following unusual activities in the gilt market.

Co-operative banks and brokers acted in collusion in a bid to make easy money at the cost of the hard earned savings of millions of Indians. In this case, even the Public Provident Fund (PPF) was affected.

A sum of about Rs 92 crore (Rs 920 million) was missing from the Seamen's Provident Fund. Sanjay Agarwal, Ketan Sheth (a broker), Nandkishore Trivedi and Baluchan Rai (a Hong Kong-based Non-Resident Indian) were behind the Home Trade scam.

LIC Housing Finance scam

The chief executive officer of LIC Housing Finance Ramachandran R Nair and seven others, including three top officials of public sector banks, were recently arrested in connection with a multi-crore housing finance racket recently.

Apart from Nair, those arrested are Naresh K Chopra, secretary (investment), LIC; R N Tayal, general manager of Bank of India (Delhi); Maninder Singh Johar, director (chartered accountant) of Central Bank of India; and Venkoba Gujjal, deputy general manager, Punjab National Bank (Delhi).

Rajesh Sharma, chairman and managing director of Mumbai-based firm Money Matters Ltd and two of its employees -- Suresh Gattani and Sanjay Sharma-- were also among those arrested, CBI said. Money Matters was allegedly acting as a middleman for loans.

The officials allegedly colluded with the firm to sanction large scale corporate loans, overriding mandatory conditions for such approvals along with

look at the no. of scams this bloody bastardss have done in our country.. a whopping 80lakh crore

 

[utraash]

Yes yes.. its the summer time. Lets protest.

This gun fighting cud hav been if we were not in so called democracy.... thats y you making fun of those who got injured n hospitalized... Frankly I dont support baba baji act but becoming barbaric on old ladies is something which has hurt me a lot, one of my relative is in ICU... I m praying for her......

 

[Mujraparty]

breaking news

slipper thrown at congressi gen secy janardan dwivedi....