Chennai techie murder exposes total criminalisation of Tamil Nadu cops

Authorities’ buck-passing ritual to camouflage the failure of cops to arrest the killer of young techie Swati in the heart of India’s southern metropolis has begun. And it has exposed an unpalatable, horrible truth about southern India’s largest city.

In Chennai, the orderly rule of law is non-existent. The state police and/or its Chennai adjunct have the worst records in covering up grave crimes.

Ironically, the Chennai city police may soon take over the probe from the Government Railway Police – which is part of the state police set up anyway.

The state police is completely shameless and totally criminalised. The incorrigibly corrupted uniformed fraternity cares a fig for the common man/woman/child/geriatric/transgender.

The situation is worsened by the majority of the local, apparently docile but actually diabolically corrupt print and electronic media. Most of them collectively deserve an Oscar award for shamelessly pretending to be concerned about the public apathy surrounding the techie’s brutal murder.

Their ‘investigative’ and/or ‘inquisitive’ reports are pathetically piss-poor. Most of them are in the pay of politicians serving causes that are the epitomes of corruption.

Biased, superficial reports riddled with factual errors are routinely put out by the ‘highly paid’ cowboys and cowgirls. It is evident that the loyalty of this majority towards its readers – the common public – is not worth the value of a burnt out matchstick. The majority of pen-pushers serve their political masters who pay them more than their salaries. Else, the corrupt cops supplement and compliment their incomes very, very handsomely.

The evidence, to put it mildly, raises everyone’s hackles.

Advertisements

The state police outfit has highly reprehensible record in cover-ups of crimes. [1]

The 24-year-old victim was hacked to death between 6 and 7 in the morning. The scene of crime is one of the platforms of Nungambakkam railway station. The terminal is located on the main route that links Chennai to the rest of the state. The city police headquarters is a mere 3.8 km to the northwest of the scene of crime.

Sketchy excerpts from a report in thenewsminute.com:

Swati, a 24-year-old female Infosys employee was brutally hacked to death at the Nungambakkam railway station in Chennai on June 24 around 6 am. The ill-fated victim was bound for Mahindra Tech City in the suburbs where she worked.

The victim lived virtually next door to the railway terminal. She was dropped at the station by her father retired civil servant male parent Sreenivasan, a few minutes before the murder.

Close-circuit television cameras in the vicinity captured images of a young man wearing black trousers and a checked shirt – whom – unnamed eyewitnesses have identified as her murderer.

The perpetrator, it is said, had a loud quarrel with her before hacking her fatally with a machete.

Police are on the lookout for suspects. It is not exactly known whether a cab driver who also had quarrelled with the victim a week before the incident has been identified and/or is being questioned.

The post mortem report said the victim had fatally bled from multiple cuts on her upper torso.

Swati’s grieving family has expressed concern about the victim’s reputation being besmirched posthumously. Sections of the paid media have begun linking the dead girl to a ‘boyfriend’ reportedly beyond the confines of her religious boundaries and hinting it a crime of passion.

No arrests have been made so far. The Government Railway Police has released footage of the suspect gathering them from cameras installed in houses near the scene of crime.

The murder was an event that took place in public view. Eyewitnesses reportedly chose to look away.

No attempt was made by anyone to nab the assailant, who managed to walk away.

Operative excerpts from the bland statement issued by Swati’s employer:

“We are saddened by the unfortunate incident. We are working with the local authorities investigating the matter. Our deepest sympathies are with the family of the deceased. Infosys will provide necessary support to the family.”

[Emphasis supplied]

The pathetically superficial nature of the coverage can be discerned by downloading  footage from the links below:

https://www.youtube.com/watch?v=81xkHjsWq7U

https://www.youtube.com/watch?v=bBXpDjXe8yU

https://www.youtube.com/watch?v=yAZUZI5WMKo

https://www.youtube.com/watch?v=MenSZILpaus

Many glaring details have been conspicuously left out by the sections of Chennai’s paid press.

This crowd also services national electronic media. Some of them:

  • The city police headquarters and the state railway police headquarters are located some 3 km from the scene of crime in Egmore. While the public apathy is being flayed, the careless, cavalier attitude of the brown shirt top brass isn’t even being mentioned.
  • None of the reports indicate as to whether the Additional Director General of Police in charge of the state’s railway police wing [the name on the cops’ website is Seema Agarwal, IPS] held an enquiry as to what her subordinates meant to patrol the platforms 24/7 were doing or also whether some responsibility for dereliction of duty was fixed. The same duties are meant to be performed by the Railway Protection Force.
  • The names appearing as the zonal head [rank of CSC – SC Parhi and the all India DGP – RPF – Surendra Kumar Bhagat do not figure in any of the press reports. This is despite the fact that it is incumbent upon these officials to hold enquiries, fix responsibility and punish those who did not perform their duty.
  • Incidentally, Seema Agrawal was invited to the United States of America as per letter dated April 18 2016, signed by Cecelia R, to attend the International Association of Chiefs of Police [IACP] to be held in a facility maintained by the Federal Bureau of Investigation, Quantico, Virginia, US of A between June 20 and 24 2016.
  • The expenses were to be met by India. In the absence of Seema Agrawal, Deputy Inspector General of Police – J Bhaskaran, conducted enquiries, by cursorily visiting the station for a few minutes. He made the usual noises like a seasoned rooster.
  • So far, none in the railway police has been hauled up for dereliction of duty – at the time of writing.
  • Media reports do not indicate as to whether the General Manager Vasishta Johri – whose residence is located very close to the scene of crime visited the spot or ordered an enquiry to find out what the on-duty Station Master and/or Assistant Station Master in Nungambakkam were up to at the time of occurrence. Significantly, the offices of the SM are located within 20 metres of the spot where Swati was killed. As a matter of rule, the officiating SM ought to be standing on the platform to monitor long distance trains plying on the route and wave the green flag.
  • The uninformed consider this waving to be a meaningless formality. Railways’ internal manuals say that the SMs are meant to pay close attention to any unusual noise emanating from long-distance trains clickety-clack on the tracks – to discern forthcoming mishaps while whizzing past without stopping. The exercise of SMs patrolling the platform, the rule books add, also are meant to ensure the official maintains an alert vigil on the railway platform to prevent untoward incidents.

Meanwhile, another media report indicated that the city police may take over the probe. Operative excerpts:

A team of the city police was assisting the government railway police (GRP) in cracking the case, commissioner T K Rajendran said. The GRP suffers from a severe staff crunch, sources said.Union Railway Minister Suresh Prabhu tweeted his reaction: “Directed Member(Staff) Rly Board 2 provide all help, tk up da issue wth State Govt fr taking immediate appropriate actn 2 book da culprit.”

All this is expected to produce results measurable in less than zilch.

[1]

The biggest cover-ups by Tamil Nadu cops with the connivance of the Central Bureau of Investigation have placed heavy lids on the nation’s biggest scandals.

  1. The telecom scandal – with the 5-year-old stink of the suspected murder of former Union Telecom Minister Andimuthu Raja’s aide – Sadiq Batcha was botched by the Chennai police. This is despite the emergence of a televised statement of an individual who claimed to have killed Batcha with the help of a serving Inspector General of Police Jaffer Sait! The great ‘investigative journalist geniuses’ of Chennai are totally silent about it.
  2. Former Union Minister P Chidambaram – who continues to wield a weird influence over the Central Bureau of Investigation and the local police – is involved in huge misdemeanours.
  3. Another strange incident concerns the lies about the murder of former PM Rajiv Gandhi – uttered by – yet again – the same Chidambaram. Yet, despite the ‘popular’ belief that he is on the wrong side of state Chief Minister J Jayalalithaa, the recount minister is not touched either by the TN cops or by the CBI. And then, there are strange truths about the Harvard don – euphemistically known as the Chidambaram Secrets. All these have been buried – with what seems like criminal willingness on part of the Tamil Nadu police.
  4. One of India’s biggest scandals concerns the one concerning Granite Exports by a gang of criminals. Despite the passage of over 5 years, precious little has happened despite the intervention of the Madras High Court. This is despite the cops being given all the details of the scandal whose worth is believed to be in excess Rs.20 lakh crores! None has cared to record that initially state cops had termed the scandal worth Rs.17,000 crores – hugely contradicted by a probe conducted by an IAS officer Sagayam, who said the scam is worth Rs.1.10 lakh crores! It involves a triple murder, secret Swiss bank accounts and the list of accused could include former Chief Minister M Karunanidhi and former DGPs!

Why are sections of India’s paid media batting for Jaitley?

Is India’s Finance Minister Arun Jaitley incredibly lucky?

Are the likes of Salman Khan and/or the National Democratic Alliance [NDA] regime’s Chief Economic Advisor Arvind Subramanian, and/or Robert Vadra and/or Priyanka Gandhi “incredibly unlucky”?

Why has Jaitley not been questioned about his protectiveness towards criminal banker TM Bhasin currently lording it over as one of the Vigilance Commissioners in the Central Vigilance Commission overseeing the performance of Bharat’s 133 scheduled banks?

Among other things, Bhasin has been accused of hobnobbing with the enemies of India[1] . The earlier CVC had recommended regular departmental action [RDA] against Bhasin for forgery and fraud! A serious complaint is pending against Bhasin in the Apex Court!

Why did the highly inquisitive media allow Jaitley’s now deafening silence about Raghuram Rajan’s exit and the resultant surge in the markets allowed go unchallenged? [2]

Very curiously, Prime Minister Narendra Damodardas Modi is yet to comment on this.

Should one presume that the churn within the ruling Bharatiya Janata Party is being watched from the sidelines by PM Modi and BJP President Amit Shah waiting for the opportune moment?

A large section of India’s paid media is playing up apparently very feeble reactions of Jaitley and MoS Jayant Sinha against Dr Swamy. Curiously, the concentration is on Chief Economic Advisor Arvind Subramanian. The former Union Minister’s tirade against Raghuram Rajan that virtually led to the RBI boss’s exit is being – for want of a better term – skirted.

Some of the gaffes:

[a] Jaitley’s failed attempt to sarcastically skirt questions about Dr Subramanian Swamy and his tirade against CEA Arvind Subramanian;

[b] Superstar Salman Khan’s off the cuff remark about feeling like a raped woman after a strenuous bout of shooting in “Sultan” his forthcoming film about a wrestler virtually was ignored by a vast section of showbiz. Yet,the paid media is ceaselessly focussing on this piffle;

 And

[c] The feeble pretence of action by the Enforcement Directorate against Congress party’s son-in-law Robert Vadra – actually indirectly directed against his wife and Sonia’s daughter Priyanka Gandhi.

Firstly, the Jaitley versus Swamy versus Subramanian brouhaha

A verbatim account of what Jaitley said about Swamy:

“Arvind Subramanian’s advice to the government from time to time has been of great value.”

“The party has said it doesn’t share Swamy’s view. I will also add one more fact from the point of view of discipline of Indian politicians… to what extent should we attack those, the discipline and constraint of whose offices prevent them from responding and this has happened more than once.”

“The party (BJP) had distanced itself from the remark[s] against Raghuram Rajan [at the] time [they were begun] as well.”

BJP national secretary Shrikant Sharma said the party does not agree with Swamy.

“It is his personal opinion and BJP doesn’t have anything to do with this. We don’t agree with it,” Sharma said.

Very curiously, the Congress party has alleged that Jaitley is Dr Swamy’s real target:

“Subramanian Swamy now guns for Arvind Subramanian Economic Advisor to NDA. Target is Arun Jaitley not Arvind Subramanian,” Singh tweeted.

Congress spokesperson P.L. Punia questioned Modi’s silence over Swamy’s remarks.

“A nominated member of Rajya Sabha with BJP’s backing has launched a scathing attack on the Chief Economic Advisor of the Prime Minister, Arvind Subramanian and has described him as an agent of US Pharma companies. But the Prime Minister has not uttered a word on this issue,” he said.

“Swamy has always attacked the political opponents and adversaries of the Prime Minister and Modi who has been speaking at length on various issues has never spoken on Swamy’s statements. This shows that Subramanian Swamy is an unofficial spokesperson of Prime Minister Modi,” Punia said, asserting that Swamy’s attacks on people have suited Modi.

“Swamy is doing all this because he wants to be the country’s Finance Minister,” Punia added.

The fact is that Jaitley loves Dr Swamy the way a snake loves a mongoose.

Despite knowing the pathological hatred the duo has for each other, Prime Minister Modi got Dr Swamy into the Rajya Sabha.

From the day he stepped into the Rajya Sabha, Dr Swamy is in the news – for all the right reasons.

Those close to Swamy are convinced that Jaitley had tried is best to stall the ex-Harvard man’s entry into the upper house as he had strived to stymie the latter’s entry into the party and then succeeded in blocking Swamy from being fielded from a safe Delhi constituency in 2014.

Posted as a special officer to probe the National Herald scandal with a Z-Plus category security detail, Dr Swami landed a bungalow in Lutyen’s Delhi.

Swamy had begun his assault in November 2015. To wit, he said, “If the government continues to follow Mr Jaitley’s strategy, black money will never be recovered.”

Recently, he didn’t mince his words in slamming Mukul Rohatgi, the Attorney General and Jaitley’s friend, within minutes of the Uttarakhand High Court’s judgement rescinding the President’s Rule in the state.

Those close to the Finance Minister Jaitley, view Swamy as a maverick and a loose cannon.

Is Dr Swamy’s tirade against the CEA a sudden discovery?

Answer: NO!

The evidence was in existence since August 2015!

Arvind Subramanian, the Chief Economic Advisor to the Modi-led NDA government has not only suggested a wholesale reversal on India’s positions in the on-going Climate Change UN negotiations, but has advised a complete capitulation to US corporate interests. This is in line with what he had done earlier, when as a part of Peterson Institute, a right-wing economic think tank, he had recommended that if India does not change its patents laws, the US should file a dispute against India in WTO. The difference is that he was then speaking as a part of an American think tank; now he is India’s Chief Economic Advisor, supposedly advising on policies in India’s interest. But then this is the problem of appointing high-profile non-resident Indians, whose primary interests lie in the careers they have built abroad.

Subramanian negates the essential premise of environmental law – that those who create the problem, have the responsibility of solving the problem as well. About 2/3rds of carbon emissions have been emitted by developed countries who have about 1/5th of world’s population. The developing countries – including India and China — who have 4/5ths of the world’s population, have emitted only 1/3rd of world’s carbon emissions. It is this completely disproportionate share of carbon emissions that led in the Kyoto protocols to the formulation of “common but differentiated” responsibility of the rich and poor countries.

The implications:

Prime Minister Modi’s decision to nominate him to the Upper House is being attributed to the RSS and perhaps a move by the prime minister to keep Jaitley in check, and ensure that no camp dominates the other within the government.

Congress wants the continuance of Jaitley as Union Finance Minister.

Dr Swamy is as welcome to the Congress and the Jaitley coterie as a hole in the head.

Secondly, Salman Khan is not exactly an angel.

In an obvious publicity do for his forthcoming film Sultan, Khan compared his fatigue after strenuous bouts of shooting to that of a raped woman.

The actor has since escaped abroad to obviously dodge the press.

His father and screen-writer Salim Khan tweeted a tepid apology.

It did not buy friends for Salman either within India or abroad.

My detailed report [one of which is still criminally blocked by Google.com] that exposes serious wrongdoing on the part of Salman Khan in a 15-year-old hit and run case – says it all!

https://bharatabharati.wordpress.com/2015/12/14/salman-khans-dishonourable-acquittal-is-a-hollow-victory-t-s-v-hari/

Discernible verdict:

Salman Khan’s off the cuff remark was merely a publicity stunt!

Did he time it so well that it helped the likes of Jaitley to divert public attention from other pressing matters?

Salman Khan has chosen Congress party legal luminary Kapil Sibal to defend him in the Apex Court. The matters had reached long semi-colon in February 2016.

Was Khan stupid to jettison senior counsel Harish Salve who helped him emerge from Bombay High Court squeaky clean?

NO!

Khan obviously knows that Sibal has a close friendship with ‘the other side’ – meaning the side representing Maharashtra Government – through Mukul Rohatgi.

The evidence through the words of senior journalist Saba Naqvi:

Curiously, it wasn’t a BJP politician but former PM V.P. Singh who played a role in Jaitley first coming to national prominence. That story involves the Indian Express group, whose founder Ramnath Goenka was served with a demolition notice on their Delhi building in the 1980s by then L-G of Delhi, Jagmohan. Jaitley was one of the lawyers roped in to fight against it, because as [Delhi solicitor Raian] Karanjawala says, “he was making a mark for out-of-the-box, innovative solutions.” Because he made a mark in the Express case, in 1989, V.P. Singh would make him the additional solicitor-general, although at 37 he was considered young for the post. After that, there was no looking back as far as success as a counsel was concerned. Among his friendships from the profession is one with former telecom minister Kapil Sibal. Karanjawala remembers regularly getting together with Jaitley and Sibal in those days. During the UPA second term, P. Chidambaram, another high- profile politician-lawyer and the last finance minister, also attended Jaitley’s annual lunch party, usually held on a weekend in December on a date around his birthday on the 28th. Now many of Jaitley’s longstanding friends have been appointed to prominent legal posts. They include Mukul Rohatgi, the new attorney-general, Ranjit Kumar, who lives two houses down from Jaitley in Kailash Colony and is now solicitor-general, and the very likeable Maninder Singh, Jaitley’s junior when he practised law, and now an additional solicitor-general.

Reportedly, Priyanka and Robert Vadra were always part of an alleged plan by India’s enemies to be foisted on the Indian political system.

The evidence had been presented long, long ago!

Very curiously none has made any tongue in cheek comment about Rahul Gandhi’s sudden foreign trip.

Kapil Sibal is one of the main advisors of Sonia Gandhi, Priyanka, Vadra and a lot many Congress top brass leaders!

The questions made as the opening gambit of this blog once again:

Is India’s Finance Minister Arun Jaitley incredibly lucky?

Are the likes of Salman Khan and/or the National Democratic Alliance [NDA] regime’s Chief Economic Advisor Arvind Subramanian, and/or Robert Vadra and/or Priyanka Gandhi “incredibly unlucky”?

Why has Jaitley not been questioned about his protectiveness towards criminal banker TM Bhasin currently lording it over as one of the Vigilance Commissioners in the Central Vigilance Commission overseeing the performance of Bharat’s 133 scheduled banks?

Why did the highly inquisitive media allow Jaitley’s now deafening silence about Raghuram Rajan’s exit and the resultant surge in the markets allowed go unchallenged?

Should one presume that the churn within the ruling Bharatiya Janata Party is being watched from the sidelines by PM Modi and BJP President Amit Shah waiting for the opportune moment?

[1]

Bhasin has been charged with being in cahoots with the enemies of India and attempting to destroy Bharat’s banking showpiece – Bank of Baroda. The career of one its former heads Mundra – currently a deputy governor of Reserve Bank of India had been nearly sunk by the reported endeavours of Bhasin.

[2]

“Paid sections of India’s corrupt media” shouted themselves hoarse about the injustice meted out to Raghuram Rajan and then abruptly changed their line on Monday June 20 2016.

The most hilarious part was the charge levelled by TimesNow. Arnab Goswami pointed out  that found R3’s leaking his resignation tidings through a rival channel said to be sympathetic to the Congress – NDTV!

Here is the surest sign that the world at large is highly interested in these blogs: The latest figures:

India 4628
United States 1389
United Kingdom 248
United Arab Emirates 134
Canada 98
Singapore 94
Australia 86
Oman 59
France 52
Saudi Arabia 34
Germany 32
Ireland 23
Pakistan 23
Malaysia 20
Russia 19
Qatar 16
Switzerland 16
South Africa 14
Bahrain 13
Netherlands 13
Kuwait 11
Philippines 11
Sweden 10
Turkey 10
Nigeria 8
Hong Kong SAR China 8
Norway 8
Thailand 8
South Korea 8
Italy 8
Spain 7
Japan 7
Kenya 6
Israel 6
European Union 5
Taiwan 5
Poland 5
Greece 4
Belgium 4
Nepal 4
Denmark 3
Botswana 3
Indonesia 3
Sri Lanka 3
Mauritius 3
Bangladesh 3
Finland 3
Lithuania 2
Brazil 2
Morocco 2
Vietnam 2
Colombia 2
Tanzania 2
Mexico 2
Croatia 2
New Zealand 2
Algeria 1
Slovenia 1
Austria 1
Ukraine 1
Serbia 1
Angola 1
Trinidad & Tobago 1
China 1
Ethiopia 1
Congo – Kinshasa 1
Ghana 1
Venezuela 1
Martinique 1
Maldives 1
Timor-Leste 1
Seychelles 1
Cyprus 1
Macedonia 1
Macau SAR China 1
Dominican Republic 1

 

Why is India’s paid media shedding crocodile tears over Rajan exit?

Was Raghuram Rajan, India’s central bank boss quietly told that he wouldn’t get an extension?

Was such a decision made because Rajan allegedly tried to help the likes of P Chidambaram to escape prosecution in vital issues?

Are sections of India’s paid media hiding some horrible truths that include accusations of money-laundering under the nose of Rajan?

Every buffoon pontificating on idiot-boxes, yelling himself/herself hoarse is hiding the sordid fact that Rajan had the temerity to contradict India’s Prime Minister Narendra Damodardas Modi and the Finance Minister Arun Jaitley on the state of the economy in 2015.

Ironically, Arun Jaitley is leading the pack that is singing paeans of the ‘retired-hurt’ Rajan. Ironically, Jaitley was at the wrong end of Rajan’s firing line.

Operative excerpts from a DNA report:

Rajan lashed out at the government and the economic situation in the country. He has taken a stand and done so whenever deemed necessary.

Raghuram Rajan contradicted Finance Minister Arun Jaitley’s take on Indian economy during China slowdown:

Finance Minister Arun Jaitley and Chief Economic Advisor Arvind Subramanian called the China-led slowdown of the world economy as opportunity for India to grow.

Jaitley had said that India can replace China as a driver of global growth.

Raghuram Rajan countered by saying it will be a “long time” before India can replace China as a growth engine for global economy even before it grows at a faster rate.

“India is one-fourth to one-fifth of China’s size. Even if we can overtake China in terms of growth rates, the magnitude of the effect will be far smaller for a long time to come,” Rajan said.

Rajan expressed concern over the “overburdening” of Reserve Bank of India.

When the markets were crashing on China’s rout, Rajan hinted that Reserve Bank’s intervention can do more harm than good.

“I have been a little concerned about the immense burden for action that is falling on central banks, and I think it is quite legitimate for central banks to say at some point we can’t carry the burden ourselves. In fact, we may not have the tools to do everything that is asked of us. Don’t keep asking us to do more because at some point we get into territory where the consequences may be worse if we actually act.”

Rajan ordered real estate players to cut prices rather than rely on rate cuts.

When slowdown struck the real estate market, with unsold inventory piling up to a 48 month high, real estate players started batting for a rate cut.

Rajan came out and asked them to cut prices instead.

“I do believe that if real estate developers who are sitting on unsold stocks bring down prices, that will be a very great help to the sector because once there is a sense that prices have stabilised, more people will be willing to buy,” Rajan was quoted as saying.

Rajan asked India Inc. not to place extra faith in exports through the ‘Make in India’ initiative.

Rajan cautioned the government against putting too much faith in exports through its ‘Make in India’ policy when he was chided by senior BJP members for his tough stance on interest rates.

Rajan trashed Wholesale Price Index and adopted Consumer Price Index as an indicator on inflation.

Rajan trashed WPI as its key indicator on inflation and adopted consumer price index CPI.

TCA Srinivasa Raghavan, one of the most respected financial journalists politely revealed the truth before Rajan wrote his now famous offer to ‘return to academia after the end of his term on September 4’. Excerpts:

Literally anyone with a decent education or work experience can be appointed to the job, which is basically a managerial one with little room for manoeuvre. As a manager, Rajan hasn’t been very good for the RBI.

He came as a smallish giant, and some people pretended he was a big giant. This speaks volumes about his networking and communication skills.

His academic accomplishments, however — by common consent in the economics fraternity — fall somewhere in the B++ or A- category.

He is not the first economist to hold the job. There have been four others before him. But even they — I G Patel, Manmohan Singh, C Rangarajan and Bimal Jalan — had been employed by the government for a long time before they got the job.

There was no particular professional reason for giving them the job; it was just that the prime minister trusted them or, as was more often the case, didn’t care who the governor was so long as the finance minister was okay with him.

Professionally, they were known only within a small group of economists and bureaucrats. All of them — Patel included — were better bureaucrats than economists.

Ever since the RBI was set up in 1935, there has not been a single governor who was a ‘giant’ — as the central bank likes to call them. All former governors had a certain stature because most of them had been civil servants and the civil service, alas, tolerates no giants.

Anyone could have been — and indeed was, once or twice — appointed to the job and would have performed just as well. The highly professional staff of the RBI holds the governors up doing all the work. The governor gets the credit for tinkering ever so slightly with the interest rate every now and then.

No governor ever says ‘we’; it is always ‘I’.

What the Lord giveth, the Lord can also taketh away.

As governors, ex-bureaucrats and/or economists grumbled. But they never defied.

How can one defy a prime minister?

Rajan is the first governor to have come from outside the government/RBI system. His brief stint as chief economic advisor was for cosmetic purposes only.

After four years of working in the system, he surely knows the score, which was stated best by Y V Reddy: A governor is completely independent — within the limits set by the government.

The Union Finance Ministry is a mess.

Serious questions have been raised about the performance of Arun Jaitley.

Some 24 hours before Rajan put in his papers, a blog exposing the RBI governor being in cahoots with banking criminal TM Bhasin – the Vigilance Commissioner who has collaborated with the enemies of India was published in these columns.

This blog does not claim ‘exclusivity’ as do the likes of Arnab Goswami.

Goswami holds the job which is more important than that of Modi.

The channel that employs him claims that very decision taken by the government is the aftermath of exposures in TimesNow.

TimesNow was one of the channels that had hauled India’s National Security Advisor Ajit Doval over the coals after the Pathankot incident. The lines adopted by all those who aped Goswami changed after the truth came out in these columns.

The opening gambit questions again:

Was Raghuram Rajan, India’s central bank boss quietly told that he wouldn’t get an extension?

Was such a decision made because Rajan allegedly tried to help the likes of P Chidambaram to escape prosecution in vital issues?

Are sections of India’s paid media hiding some horrible truths that include accusations of money-laundering under the nose of Rajan?

Well, India is indeed getting noticed by the world at large!

The readers of these blogs penned by TSV Hari – country-wise:

India 4350
United States 1318
United Kingdom 238
United Arab Emirates 129
Singapore 94
Canada 91
Australia 84
Oman 58
France 52
Saudi Arabia 33
Germany 32
Pakistan 23
Russia 19
Malaysia 19
Ireland 19
Qatar 16
Switzerland 15
South Africa 13
Netherlands 12
Bahrain 12
Kuwait 11
Turkey 10
Philippines 9
Thailand 8
South Korea 8
Italy 8
Nigeria 8
Norway 8
Spain 7
Hong Kong SAR China 7
Japan 7
Israel 6
Kenya 6
Sweden 5
European Union 5
Poland 5
Taiwan 5
Nepal 4
Belgium 4
Greece 4
Sri Lanka 3
Mauritius 3
Denmark 3
Indonesia 3
Botswana 3
Finland 3
Morocco 2
Bangladesh 2
Vietnam 2
Lithuania 2
Colombia 2
Brazil 2
Mexico 2
New Zealand 2
Tanzania 2
Croatia 2
Austria 1
Algeria 1
Congo – Kinshasa 1
Ethiopia 1
Angola 1
Ghana 1
Trinidad & Tobago 1
Dominican Republic 1
China 1
Cyprus 1
Seychelles 1
Maldives 1
Macau SAR China 1
Macedonia 1
Martinique 1
Timor-Leste 1
Ukraine 1
Venezuela 1

India’s Banking Sector Needs A “Wash Basin” Visit

Is India’s public sector banks’ inbuilt statutory policing body – the Central Vigilance Commission [CVC] – by itself its biggest malaise?

Has such a sad state of affairs resulted in non-performing-assets [NPAs] rising alarmingly to the tune of roughly Rs.4.4 lakh crores [$66 billion]?

The answer to both the queries are in the affirmative – because of one man – TM Bhasin – the third in the CVC’s hierarchy – meant to safeguard the interests of the nation’s banking through effective policing.

Bhasin is occupying his post with the brazenness of a hardened criminal.

Bhasin took charge as the VC on June 11 2015.

The earlier CVC had recommended that Regular Departmental Action should be initiated against Bhasin.

The Supreme Court is seized of the matter against Bhasin since July 2015.

Excerpts from averments in a public interest litigation [PIL] being heard in the Apex Court against Bhasin:

  1. Bhasin was indicted in a detailed inquiry by the Central Vigilance Commission in 2013 for forging and tampering with appraisal report of Malay Mukherjee – a former General Manager of the Indian Bank. [1]
  2. Despite this, Bhasin managed to get elected as the Chairman of Indian Banks’ Association in 2014!
  3. Former Union Minister and currently a senior member of the ruling party Dr Subramanian Swamy had written a strongly worded letter to the Prime Minister on 11.06.2015 stating that charge against Respondent No. 3 (Bhasin) is “very serious” and the recommendation of the selection committee to appoint Respondent No. 3 as VC must be withdrawn. He said “finding of moral turpitude by CVC of Bhasin makes him unfit to keep the position of Vigilance Commissioner.
  4. The Central Vigilance Commission recommended action against current CMD of Indian Bank – TM Bhasin as early as August 2013 asking the Union Finance Ministry to comply.
  5. Bhasin is being relentlessly exposed since 2011 from the time when he held the position of Chairman and Managing Director, Indian Bank. Besides the other offences mentioned above, Bhasin had allegedly collaborated with the nation’s enemy Dawood Ibrahim to ruin Bank of Baroda and thus destroy the Indian financial system.
  6. Bhasin’s target was reputed banker SS Mundra, currently a deputy governor in the Reserve Bank of India [RBI]. Bhasin wanted the post and reportedly managed to keep Mundra waiting for several months. Mundra’s elevation to RBI became possible after Dr Kamalesh Chandra Chakrabarty – another ex-Indian Bank head quit his RBI post 3 months ahead of schedule. Chakrabarty has an impeccable record as a banker.[2] He had spent most of his years in Bank of Baroda.
  7. The evidence against Bhasin has been piling since 2011!

Bhasin’s protector-in-chief are said to be Union Finance Minister Arun Jaitley and RBI boss Raghuram Rajan.

The results are there for all to see. The Supreme Court has slammed the financial sector – with special emphasis on RBI.

“RBI is supposed to uphold public interest and not the interest of individual banks. We have surmised that many financial institutions have resorted to such acts which are neither clean nor transparent. The RBI in association with them has been trying to cover up their acts from public scrutiny,” said a bench comprising Justices M Y Eqbal and C Nagappan.

The CVC and one of its mainstays Bhasin are systematically targeting banks and bankers who, it is believed, are on his hit-list. One of them is – Bank of Baroda!

Rajan is propriety personified in his public utterances.

“We have to go after corrupt bank managements as well as corrupt promoters,” Rajan said. “There is no doubt that we need to do it. We do not have enough teeth. There are these promoters who have diverted funds. “Diverted fund” is a euphemism. I would say plainly that they have stolen the funds, and we cannot go after them. It takes too long.”

What has it resulted in?

According to official RBI communiques, the total write-offs in the 133 scheduled banks in India include a huge chunk of technically written-off accounts. The trotted out reason is: “After technical write-offs, there is no incentive for banks to pursue recovery.”

Rs. 1,14,000 crores worth ‘bad loans’ have been technically written off during the last 3 financial years (2012-13 to 2014-15). The write-offs exceed the previous nine years’ dubiously written off debts.

The Union finance ministry and NITI Aayog have separately pitched for setting up a government-owned asset reconstruction company to take over banks’ bad assets. It could result in banks conducting non-banking commercial businesses – starting with dead losses! It could also wipe the dirty slates of bad borrowers clean!

Meanwhile, the RBI has asked banks to ‘clean up’ their balance sheets.

This could result in increasing the capital burden of banks increasing manifold.

Of the total bad loan stock of Rs 4,43,691 crores in the banking industry, between 65-70 percent is linked to the corporate sector.

During the current fiscal, the finance ministry has pumped Rs 20,000 crores to bail out banks facing a liquidity crunch. It simply implies that taxpayers’ money is used to bail out banks looted by crony capitalists.

Even as all this is happening private sector foreign banks have ‘sold’ their bad debts of small borrowers to private banks in India. Citi Financial sold its debts to Kotak Mahindra that has begun hounding those hurt by the financial downturn. Obviously, none is going to take a close look at how Satyam Computers morphed into Mahindra Satyam! Incidentally, close relatives of Ramalinga Raju of Satyam ill-fame have begun a business venture in Hyderabad. One of its mainstays is a man who had forged the Satyam fraud into the sweet Mahindra Satyam deal!

Operative excerpts from an earlier blog

https://tsvhari.wordpress.com/author/tsvhari/:

VV Lakshminarayana, now an ADGP in Maharashtra police, investigated the Satyam computers scandal. He had to wait for several months after being shunted out of the CBI as its Joint Director based in Mumbai. Made  the de facto Police Commissioner of Thane, the neighbourhood sister city of India’s financial capital Mumbai finally – he was ‘kicked upstairs’ to be made Additional Director General of Police – Administration as a real estate scandal was being probed by him.

High profile cases’ always ended in grief for the baddies when Lakshminarayana handled the investigation.

Some examples:

The 2G Spectrum auction can of worms in the great telecom robbery was opened by the tall Lakshminarayana.

The telecom majors’ brazen looting continues.

The press had gone gaga over the results produced by this officer.

Raju and the gang of criminal international accounting firms succeeded in extracting vengeance against Lakshminarayana.

Eventually, its sinister brain – Ramalinga Raju is having the last laugh.

Newslaundry.com has published a dubious list of defaulters.

The Supreme Court has sought details of large value loan defaulters from RBI in a sealed cover. The full list is not yet available. The question being asked is: what is so sacrosanct about the confidentiality given to the ‘rich and powerful’ bank loan defaulters?

Very easily, the CVC can crack its whip and initiate action against the banking industry’s bad boys and gals.

But, with the likes of Bhasin lording over the institution, expecting any meaningful action would indeed be a pipedream.

[1]

On Page 18, the Times of India’s Chennai edition dated August 31 2013 has a news item on Bhasin. It says:  

The Central Vigilance Commission (CVC) has sought action against Indian Bank CMD TM Bhasin and former ED V Ramgopal for “high-handedness, arbitrariness and manipulation” of appraisal reports of Malay Mukherjee, a general manager in the bank, with a view to deny him a promotion.

While the finance ministry has not initiated action against the two executives, the CVC has also sought action against Shreya Guha, a director in the ministry, for lapses in conducting enquiry against Bhasin and Ramgopal. For the finance ministry, this the second embarrassment in less than a month as the watchdog was critical of the role performed by the Appointments Board in recommending M O Rego for the post of IDBI Bank deputy MD, the report further says.

Seeking regular departmental action (RDA) against the two top-raking Indian Bank executives, CVC had told the finance ministry that Mukherjee’s performance for 2009 had been reviewed by the then ED A S Bhattacharya and M S Sundarrajan, who was then the CMD of the Chennai-headquartered bank. Bhasin and Ramgopal were not required to appraise Mukherjee for 2009-10 as he had not worked with the two executives, the report adds.

[2]

Chakrabarty began his professional career in teaching and research at the Banaras Hindu University where he taught for almost five years before joining Bank of Baroda where he worked for twenty six years reaching the position of General Manager.

He has held these positions in his career:

Chief Executive, United Kingdom operations, Bank of Baroda between 2001 and 2004

Executive Director, Punjab National Bank in 2004

Chairman & Managing Director, Indian Bank between 2005 and 2007

Chairman & Managing Director, Punjab National Bank between 2007 and 2009

Deputy Governor Reserve Bank of India from June 2009

 

Maharashtra’s BJP Slur Khadse In A Vain Shadow

The much-talked-about resignation of Maharashtra’s former Revenue Minister Eknath Ganpatrao Khadse can be disposed of with two words – BIG DEAL!

But the reasons to do so are long.

Here are the pointers:

Following his resignation and the announcement of a judicial probe by Chief Minister Fadnavis, tidings of alleged links between Maharashtra coalition regime’s virtual ex-Deputy CM – Eknath Khadse and international terrorist fugitive Dawood Ibrahim disappeared from media headlines. Inbuilt multiple bundles of contradictions in Khadse’s defence have been curiously overlooked.

Choreographed angry reactions crowd headline space referring to his alleged land-grab in Pune worth less than Rs.100 crores. They also have successfully caused a real estate scandal worth Rs.2.6 lakh crores – that involves a reported Dawood aide within 1 km of his official residence in Mumbai to achieve total latency! [1]

Senior Mumbai cop Atulchandra Kulkarni, aiming to upstage his senior and Commissioner of Police – Padsalgikar is the man whose inaction has helped Dawood’s men to continue operating in Mumbai with impunity.

Copies of a letter sent to Mumbai Port Trust – pointing to a US$43 billion scandal [along with telling evidence] were sent to the PM, Khadse and several others – including the ex-CMD of Mumbai Port Trust – in December 2014. Little movement seen in those expose one sordid fact – the real face of corruption stays hidden.

Mumbai Port Trust and Atulchandra have other skeletons in their cupboards.

Kulkarni was given details of Dawood’s role in the sinking of naval submarine Sindhurakshak. At his bidding they were also handed over to the Central Bureau of Investigation, Anti-Corruption Branch, located within 100 metres of the scene of crime. Yet, precious little progress is seen.

Dawood’s gang-members control a vast swathe of India’s financial capital – Mumbai. The matter is in public domain and was reported in these columns two months ago. A detailed dossier was sent to the PMO. Its only result was that a stupid attempt was made by corrupt sections of Mumbai police to accord protection to this writer – which was turned down with the contempt it deserved.

The sinking of Mumbai’s naval submarine guard-ship Sindhurakshak that had been within an area whose neighbourhood flanks are under the general control of Mumbai Port Trust.

Operative excerpts from a Wikipedia dossier:

On 14 August 2013, the Sindhurakshak sank after explosions caused by a fire on board when the submarine was berthed at Mumbai. The submarine sank and was partially submerged in 15 metres deep water at its berth, with only a portion of the sail visible above the water surface.

Sources state that a small explosion occurred around midnight which then triggered the two larger explosions.

A Board of Inquiry, set up by the navy, was expected to present a report on the cause of the disaster by mid-September 2013.

On August 22 2013, in Parliament, India’s Defence Minister A.K. Antony went on record saying he did not rule out sabotage in the sinking of Sindhurakshak, a report in Zee News said. Excerpts:

Defence Minister AK Antony did not rule out the sabotage angle in the Navy submarine [Sindhurakshak] accident.

Antony also told that there was no insurance for warships and submarines.

Hailing Antony, Deputy Leader of Opposition in the Rajya Sabha Ravi Shankar Prasad said that he appreciated the defence minister’s “honest confession that the submarine tragedy has affected our credibility”.

The submarine, with 18 naval personnel aboard, was rocked by a fire in the intervening night of August 13-14 at the naval dockyard in Mumbai. Antony had visited Mumbai on August 14 to obtain a first-hand account of the situation.

Preliminary investigations into the sinking of INS Sindhurakshak had revealed that the “near-simultaneous” explosions that preceded a fire which engulfed the submarine were caused by the possible ignition of its armaments, Antony had said earlier this week.

Sabotage is one of the six possible reasons for the sinking of kilo-class submarine INS Sindhurakshak in August 2013, a preliminary report of the board of inquiry (BoI) has held, a report in The Hindu said on April 2014.

The roles of several other persons somewhat connected to Khadse call out for a close scrutiny.

One of them is Ujwal Nikam, the celebrity lawyer who hails from the home constituency of Khadse – Jalgaon. His so-called interrogation of David Coleman Headley, in itself, is a scandal!

The Home Department held by CM Devendra Fadnavis is involved in the Rs.950 crore rupee scandal concerning installation of 6500 CCTV cameras to safeguard the financial capital since 2015! The contract was awarded to companies in the Larsen &Toubro stable.

The reasons for terming it a scandal:

The scheme cost is Rs.950 to install 6500 CCTV units.

The math works out to per CCTV unit costing Rs.14.61 lakhs.

Mumbai has several outlets selling CCTV camera units are available for as low as Rs.5000 per unit!

Indicative links:

http://akssolution.com/product-category/cctv-mumbai-india/

http://yellowpages.sulekha.com/cctv-security-systems-dealers_mumbai

http://www.justdial.com/Mumbai/cctv-dealers

Any greenhorn reporter can work out that Khadse could point to the Fadnavis’s Achilles Heel over the CCTV scam worth Rs.950 crores versus the Rs.80 crore land-grab matter of the former. Political blackmail is just one of the minor angles.

No wonder, Maharashtra Congress leaders are calling the resignation as a weak drama script.

At another end of the political spectrum is the Mumbai Municipal Corporation polls scheduled to be held in a few months, an event meant to be a do-or-die affair for Shiv Sena, currently the junior partner of the Bharatiya Janata Party [BJP] led coalition government.

It is the ‘take’ that makes politicians ooze saliva.

Simply put, the annual budget for India’s financial capital is huge and worth almost Rs.38,000 crores.

Corruption charges traded between the Sena and BJP is a mild understatement.

There is a contorted political equation to all this.

In 2014, when Fadnavis led BJP regime needed a vote of confidence, it was bailed out dubiously by the NCP.

Fearing its dung-heap position, Shiv Sena agreed to accept the shameful T&C dictated by Fadnavis to be part of the coalition regime.

In the ensuing Mumbai civic polls, feud-generated fissures between the BJP and Sena could morph into fjords.

The saviour role may have to be played by NCP again. Hence, it is a matter of no wonder that NCP mainstays are loudly silent about the whole issue. The obvious quid pro quo is that serious corruption charges worth Rs.70,000 crores pending against Sharad Pawar’s nephew and political heir – Ajit have been placed in cold storage.

[1]

On August 3 2015, Jency Jacob, senior editor, Business Standard Web Edition wrote a critique against the Mumbai Press Corps’ fatal attraction towards the underworld of India’s financial capital.

Operative excerpts:

The underworld does…need coverage. They are part of the same society that we belong to, belonging the corrupt nexus that exists between politicians, law enforcers and the failure to enforce the law.

The Mumbai media’s fascination with the underworld has not been properly documented.

Knowing a gangster is a badge of honour that some journalists are proud of. Many have used these connections…to enrich themselves.

Jacob wrote his piece in the backdrop of the hanging of 1993 Mumbai serial bomb blast accused Yakub Memon.

Terrorist and Chartered Accountant Yakub Abdul Razak Memon, was hanged on his 53rd birthday, July 2015.

Memon convicted over his involvement in the 1993 Bombay bombings by Special Terrorist and Disruptive Activities court on 27 July 2007.

The appeals and petitions of Yakub Memon, brother of one of the prime suspects in the bombings, Tiger Memon were heard till a few hours before his hanging by India’s Supreme Court.

Sections of Mumbai’s paid media cited late spook B Raman, who died in June 2013:

“The cooperation of Yakub with the investigating agencies after he was picked up informally in Kathmandu and his role in persuading some other members of the family to come out of Pakistan and surrender constitute, in my view, a strong mitigating circumstance to be taken into consideration while considering whether the death penalty should be implemented,” Raman wrote in the article which was not published earlier on his request.

“But if one also takes into consideration his conduct and role after he was informally picked up in Kathmandu, there is a strong case for having second thoughts about the suitability of the death penalty in the subsequent stages of the case,” Raman had added. Link:

http://indianexpress.com/article/india/india-others/yakub-memon-must-not-hang-we-brought-him-back-key-raw-man-in-07/#sthash.iiaSuFYk.dpuf

A ‘gentleman’ media pimp Saumit Sinh played the cat’s paw to aid Dawood’s aides to hide most sections of the sordid truths. Those who benefited from Sinh’s sins include 1993 Mumbai serial bomb blasts case accused. Those blasts were financed partly by the loot from the Rs.1,200 crore Cobbler Scam. The same accused also illegally control Government of India owned Mumbai Port Trust’s property whose worth is roughly Rs.2.6 lakh crores!

The main persons under the microscope:

Former Union Minister and Nationalist Congress Party leader Sharad Pawar – whose close relatives and business associates are partners of companies owned by the aforesaid criminal gang involved in the Cobbler Scam.

Rafique Malik Tejani, who owns Metro Shoes Ltd and Metro House P Ltd whose 4th floor recently caught fire. Links point to Tejani being in cahoots with Dawood Ibrahim and Tiger Memon – who are considered responsible for the 1993 bomb blasts.

The ruse used by Sinh was an unenforceable ‘legal’ notice issued by a lawyer JJ Jadeja, who sits in a seedy room located nearly cheek by jowl next to the Mumbai Police Headquarters on November 19 2014 that exhorted Metro House P Ltd decision makers to vacate the structure and also remove the nearly 150-year-old building that had begun to exist since 1875 and houses an iconic beer-joint – Cafe Mondegar within 6 months.

Anyone who knows to count from 1 to 10 would place the deadline on May 19 2015.

The Times of India, Indian Express, DNA and Hindustan Times carried detailed articles saying Cafe Mondegar would be evicted April 19 2015 casting a slur on the Mumbai Port Trust for destroying an iconic landmark. All of them had sourced their stories from Saumit Sinh.

Two days later, The Times of India carried an article saying the ‘eviction’ will not happen at all!

According to media reports, Cafe Mondegar was one of the places from where David Headley had recced 26/11.

Metro House signed the contract in 1995 but got possession with ‘retrospective’ effect from 1991, citing an earlier lease with an Islamic Trust that had transferred its lease to Tejani a few months after the expiry of the lease in 1986!

In multiple court cases – those said to be in cahoots with Tejani have cited Metro House to be owners of the property and have initiated legal proceedings to evict tenants under the Maharashtra Rent Control Act 1999 that explicitly does not apply to government owned property! A lot more details were made available in blogs published through Google’s BlogSpot.

http://tsvhari.blogspot.in/2015/04/media-pimps-sinh-summit.html

http://tsvhari.blogspot.com/2015/04/media-pimp.html

Very significantly, Google has killed all the blogs written by this author – without offering any explanation. Tweets and emails sent to India-born Google CEO Sundar Pichchai have not produced results.