Mumbai residents to experience hassle-free travel soon
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fsayed
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1. Tehelka.com, a website run by investigative journalism enthusiast showed BJP’s then president Bangaru Laxman taking bundles of cash as bribe
2. UTI – United Trust of India, now doing business as Axis Bank, lost its money putting investors to the verge of loosing their money. Though the funds was managed well in UTI64, scam hit during NDA regime which created the loss. Few thousand crore money involved. The US-64 scheme had 2 crore investors, the bulk of whom were small savers, retired people, widows and pensioners. In 1998, the UTI crashed, and the BJP-led NDA government scrambled to organise Rs. 3,500 crore bail-outs to UTI. The capital of UTI fell by 33% from 75,000 crores to 50,000 crores, making this a 25,000 crores scam. Additionally public faith in financial institutions was completely eroded. In a global recession such a mistake would be catastrophic, it would retard and hamper the country’s chances of recovery turning it into a full blown crisis.
3. BJP leader Sushma Swaraj and her close friendship with Reddy brothers, who are considered to be mining mafia in Andhra – Karnataka states is a known fact. She was considered as God mother for Reddy brothers.
4. Soon after assuming office in 1999, the NDA government embarked on a full-scale privatisation programme, offering controlling stake in government-owned companies to “strategic partners”. Starting in January 2000, in less than two and a half years, the government sold controlling stake in nine companies, apart from 19 hotels at various locations belonging to the India Tourism Development Corporation (ITDC). The government earned Rs.5,544 crores from the strategic sale of the nine enterprises. Every single instance was controversial and initiated protests from the unions. The unions not only feared for workers’ jobs but alleged that the units were being sold for a song.
5. BALCO SCAM: – Complete erosion of public money in the name of ‘disinvestment’. – The aluminium giant where missiles such as ‘Agni’ and ‘Prithvi’ were shaped, was sold to Sterlite company for a paltry sum of Rs.551 crore at a time when the assets alone were worth Rs.5,000-6,000 crore.
6. Gujarat Cooperative Bank Scam 2003: – In Gujarat, the Narendra Modi Government had to pay out Rs. 870 Crore to small investors after the Gujarat Bank Scam of 2003 which led to the closure of 9 cooperative banks and 17 other being declared sick. – The administrator of the crisis-ridden Panchamahal District Co-operative Bank even registered a complaint against Gujarat Minister of State Prabhatsinh Chauhan and 28 others, alleging their involvement in the embezzlement of Rs 124 crore (Rs 1.24 billion) from the bank
7. Centaur Hotel Scam: – In June 2002, the 288-room Centaur Hotel near Mumbai’s domestic airport was sold by the Hotel Corporation of India to Batra Hospitality, for Rs 83 crore. – *Within four months*, Batra Hospitality sold off the hotel property to the Sahara group *for Rs 115 crore, raking in a 35% profit*. – This leads to the inescapable conclusion that the bidding process of the hotel was blatantly rigged in favour of A. L. Batra, an industrialist with close ties to the RSS. – Validating the above theory, the Comptroller and Auditor General, in its report-2004, expressed *serious doubts on the methods used by the NDA government for computing the valuation of the underlying assets* in the matter of disinvestment of Centaur Hotel. CAG stated that the Government had *suffered a loss of rupees 145.69 crores in revenue in the sale of Centaur Hotel.
8. Cybertron Technopolis Scam: • Another scam of Atal Behari Vajpayee Government relates to laying the foundation stone of a Software Technology Park, named as ‘Cybertron Technopolis’ by Atal Bihari Vajpayee. *The park was promoted by the same Johri brothers who were benefited by the UTI scam*. • The RSS man who facilitated this was Pradeep Narayan Mathur, who is a trustee of Vishwa Samvad Kendra in Lucknow and a senior member of VHP. *The Rajnath Singh government in UP collaborated in the venture by becoming a partner of the proposed IT park*. • Since the company had the blessings of the Prime Minister, the innocent public invested heavily in the company. • Evidence of the suspicious and ill-thought out nature of the venture: currently the promoter, Arvind Johri is under investigation by the CBI.
2. UTI – United Trust of India, now doing business as Axis Bank, lost its money putting investors to the verge of loosing their money. Though the funds was managed well in UTI64, scam hit during NDA regime which created the loss. Few thousand crore money involved. The US-64 scheme had 2 crore investors, the bulk of whom were small savers, retired people, widows and pensioners. In 1998, the UTI crashed, and the BJP-led NDA government scrambled to organise Rs. 3,500 crore bail-outs to UTI. The capital of UTI fell by 33% from 75,000 crores to 50,000 crores, making this a 25,000 crores scam. Additionally public faith in financial institutions was completely eroded. In a global recession such a mistake would be catastrophic, it would retard and hamper the country’s chances of recovery turning it into a full blown crisis.
3. BJP leader Sushma Swaraj and her close friendship with Reddy brothers, who are considered to be mining mafia in Andhra – Karnataka states is a known fact. She was considered as God mother for Reddy brothers.
4. Soon after assuming office in 1999, the NDA government embarked on a full-scale privatisation programme, offering controlling stake in government-owned companies to “strategic partners”. Starting in January 2000, in less than two and a half years, the government sold controlling stake in nine companies, apart from 19 hotels at various locations belonging to the India Tourism Development Corporation (ITDC). The government earned Rs.5,544 crores from the strategic sale of the nine enterprises. Every single instance was controversial and initiated protests from the unions. The unions not only feared for workers’ jobs but alleged that the units were being sold for a song.
5. BALCO SCAM: – Complete erosion of public money in the name of ‘disinvestment’. – The aluminium giant where missiles such as ‘Agni’ and ‘Prithvi’ were shaped, was sold to Sterlite company for a paltry sum of Rs.551 crore at a time when the assets alone were worth Rs.5,000-6,000 crore.
6. Gujarat Cooperative Bank Scam 2003: – In Gujarat, the Narendra Modi Government had to pay out Rs. 870 Crore to small investors after the Gujarat Bank Scam of 2003 which led to the closure of 9 cooperative banks and 17 other being declared sick. – The administrator of the crisis-ridden Panchamahal District Co-operative Bank even registered a complaint against Gujarat Minister of State Prabhatsinh Chauhan and 28 others, alleging their involvement in the embezzlement of Rs 124 crore (Rs 1.24 billion) from the bank
7. Centaur Hotel Scam: – In June 2002, the 288-room Centaur Hotel near Mumbai’s domestic airport was sold by the Hotel Corporation of India to Batra Hospitality, for Rs 83 crore. – *Within four months*, Batra Hospitality sold off the hotel property to the Sahara group *for Rs 115 crore, raking in a 35% profit*. – This leads to the inescapable conclusion that the bidding process of the hotel was blatantly rigged in favour of A. L. Batra, an industrialist with close ties to the RSS. – Validating the above theory, the Comptroller and Auditor General, in its report-2004, expressed *serious doubts on the methods used by the NDA government for computing the valuation of the underlying assets* in the matter of disinvestment of Centaur Hotel. CAG stated that the Government had *suffered a loss of rupees 145.69 crores in revenue in the sale of Centaur Hotel.
8. Cybertron Technopolis Scam: • Another scam of Atal Behari Vajpayee Government relates to laying the foundation stone of a Software Technology Park, named as ‘Cybertron Technopolis’ by Atal Bihari Vajpayee. *The park was promoted by the same Johri brothers who were benefited by the UTI scam*. • The RSS man who facilitated this was Pradeep Narayan Mathur, who is a trustee of Vishwa Samvad Kendra in Lucknow and a senior member of VHP. *The Rajnath Singh government in UP collaborated in the venture by becoming a partner of the proposed IT park*. • Since the company had the blessings of the Prime Minister, the innocent public invested heavily in the company. • Evidence of the suspicious and ill-thought out nature of the venture: currently the promoter, Arvind Johri is under investigation by the CBI.
fsayed
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NDA worth Rs 45,000-cr scams: Cong
NEW DELHI:The Congress on Thursday released a 55-page-long chargesheet on the alleged omissions and commissions of the Vajpayee regime.
The chargesheet, outlined in a booklet christened “Vajpayee government: A Saga of Sins, Scams and Shame” alleges the nation had lost nearly Rs 45,057 crore in various scams involving several members of the Union cabinet, besides targeting Mr Vajpayee himself for his doublespeak on various issues.
The Congress hopes the chargesheet will enable the party in ramming the point home that the BJP-led alliance had only taken the country backward. It chose to single out the ruling alliance’s poll mascot, Mr Vajpayee with twin objectives. One, to negate the ``feel good’’ and ``India Shining’’ campaigns engulfing the nation and, the second, to counter their criticism against their leader Sonia Gandhi.
To reinforce their arguments, the Congress leaders specially designed a chapter called “Vajpayee’s flip-flops” where they charged that the Prime Minister frequently changed his stance on issues like Ayodhya, defence minister George Fernandes, communal riots in Gujarat and minorities.
The stinging chargesheet was today simultaneously released in Delhi , Kolkata, Mumbai and Bangalore.“The Union government’s economic agenda was partisan, it communalised the polity, it sought to destroy the social fabric of India and political promises made have turned out to be false,” the chargesheet says.
Observing that the prime minister was the keystone in a parliamentary system, the Congress leaders said Mr Vajpayee was squarely responsible for dereliction of his duties, allowing corrupt to go scot free and divisions in the society to continue.
“Mr Vajpayee is responsible for all omissions and commissions of his colleagues,” Congress Working Committee member Pranab Mukherjee said. Releasing the chargesheet in New Delhi , Mr Mukherjee, who is the chairman of Congress manifesto drafting committee, said they have compiled all the allegations they have been levelling against the NDA government in the past five years.
“One may say that there is nothing new in the chargesheet. We prepared it to reiterate what we were saying all these years. We will come out with more booklets like this,” he said.
The first part of the chargesheet deals with the corruption charges against the ministers and the second chapter talked about neglect of farmers, growing unemployment, the government’s failure to protect the nation from external aggression and internal disturbances. “The exchequer had lost thousands of crores following various scams including Tehelka, UTI, Balco, Hudco, Centuar Hotel and defence scams including coffin scam during the six years rule of the Vajpayee led NDA government.”
The BJP, however, trashed the document, terming it as “a stale and pale document, a hallucination without substance, a chargesheet without any new charge.’’ ``The Congress’ spin doctors are trying to revive the party and bring it out of the intensive care unit with expired medicines,’’ BJP president M Venkaiah said, while recalling that the Congress had been repeating the same charges over the past five years and had even stalled parliamentary proceedings over them.
“They have learnt nothing from the outcome of the recent assembly elections. If they repeat the charges, they will have to repeat their repentance as well. The chargesheet will prove counter-productive,” the BJP chief said However, Mr Mukherjee wondered as to how anyone could talk of India Shining when 2009 farmers in Ananthapur district of Andhra Pradesh had committed suicide because of indebtedness. Accusing the NDA government of non-performance, Mr Mukherjee said the promises of the BJP-led NDA government have turned out to be false and its real agenda was exposed.
The BJP rode to power with the help of “opportunistic” alliances and the sole aim of it was to retain power at any cost, he said adding that they would explain the people about the dismal performance of the NDA coalition. Contesting Mr Vajpayee’s claim on generating 8.4 million jobs, the chargesheet said: “Mr Vajpayee and his government have chosen to juggle figures rather than present a comprehensive employment generation plan.”
Source: The Economic Times
NEW DELHI:The Congress on Thursday released a 55-page-long chargesheet on the alleged omissions and commissions of the Vajpayee regime.
The chargesheet, outlined in a booklet christened “Vajpayee government: A Saga of Sins, Scams and Shame” alleges the nation had lost nearly Rs 45,057 crore in various scams involving several members of the Union cabinet, besides targeting Mr Vajpayee himself for his doublespeak on various issues.
The Congress hopes the chargesheet will enable the party in ramming the point home that the BJP-led alliance had only taken the country backward. It chose to single out the ruling alliance’s poll mascot, Mr Vajpayee with twin objectives. One, to negate the ``feel good’’ and ``India Shining’’ campaigns engulfing the nation and, the second, to counter their criticism against their leader Sonia Gandhi.
To reinforce their arguments, the Congress leaders specially designed a chapter called “Vajpayee’s flip-flops” where they charged that the Prime Minister frequently changed his stance on issues like Ayodhya, defence minister George Fernandes, communal riots in Gujarat and minorities.
The stinging chargesheet was today simultaneously released in Delhi , Kolkata, Mumbai and Bangalore.“The Union government’s economic agenda was partisan, it communalised the polity, it sought to destroy the social fabric of India and political promises made have turned out to be false,” the chargesheet says.
Observing that the prime minister was the keystone in a parliamentary system, the Congress leaders said Mr Vajpayee was squarely responsible for dereliction of his duties, allowing corrupt to go scot free and divisions in the society to continue.
“Mr Vajpayee is responsible for all omissions and commissions of his colleagues,” Congress Working Committee member Pranab Mukherjee said. Releasing the chargesheet in New Delhi , Mr Mukherjee, who is the chairman of Congress manifesto drafting committee, said they have compiled all the allegations they have been levelling against the NDA government in the past five years.
“One may say that there is nothing new in the chargesheet. We prepared it to reiterate what we were saying all these years. We will come out with more booklets like this,” he said.
The first part of the chargesheet deals with the corruption charges against the ministers and the second chapter talked about neglect of farmers, growing unemployment, the government’s failure to protect the nation from external aggression and internal disturbances. “The exchequer had lost thousands of crores following various scams including Tehelka, UTI, Balco, Hudco, Centuar Hotel and defence scams including coffin scam during the six years rule of the Vajpayee led NDA government.”
The BJP, however, trashed the document, terming it as “a stale and pale document, a hallucination without substance, a chargesheet without any new charge.’’ ``The Congress’ spin doctors are trying to revive the party and bring it out of the intensive care unit with expired medicines,’’ BJP president M Venkaiah said, while recalling that the Congress had been repeating the same charges over the past five years and had even stalled parliamentary proceedings over them.
“They have learnt nothing from the outcome of the recent assembly elections. If they repeat the charges, they will have to repeat their repentance as well. The chargesheet will prove counter-productive,” the BJP chief said However, Mr Mukherjee wondered as to how anyone could talk of India Shining when 2009 farmers in Ananthapur district of Andhra Pradesh had committed suicide because of indebtedness. Accusing the NDA government of non-performance, Mr Mukherjee said the promises of the BJP-led NDA government have turned out to be false and its real agenda was exposed.
The BJP rode to power with the help of “opportunistic” alliances and the sole aim of it was to retain power at any cost, he said adding that they would explain the people about the dismal performance of the NDA coalition. Contesting Mr Vajpayee’s claim on generating 8.4 million jobs, the chargesheet said: “Mr Vajpayee and his government have chosen to juggle figures rather than present a comprehensive employment generation plan.”
Source: The Economic Times
