Will Fugitive Scofflaw Zakir Naik Be Caught At All?

Could India’s officialdom be spreading glib lies about attempting to apprehend scofflaw hate-mongering Islamic preacher Zakir Naik?

He has reportedly applied for a Malaysian citizenship in the mainstream media.

Congress apologists and leading lights of the ruling Bharatiya Janata Party are trading charges in the matter after Amir Gazdar one of his aides confessed serious wrongdoing on the part of Naik to Mumbai cops.

The real picture can be deduced from the following pointers reproduced from a blog in these columns published a year ago:

Naik’s bigger backers are located beyond the borders of India – many of them in the Middle-East. The current central government has extended olive branches to all of them to “contain terrorism” and expand trade.

Between 2013 and 2015, Naik was conferred several awards in the Middle East.

2013

Dubai International Holy Quran Award  

Islamic Personality of 2013 conferred on Naik by Mohammed bin Rashid Al Maktoum Vice President, Prime Minister of UAE and Ruler of Dubai

Parenthesis

India’s Prime Minister Narendra Modi met Rashid Al Maktoum in 2015 August.

Modi had undertaken a two-day visit to UAE in August, a first by an Indian prime minister in 34 years.

UAE is home to 2.6 million Indians.

During the visit, the two leaders pledged to end terrorism.

On September 19 2015, Rashid Al Maktoum succumbed to a massive heart attack at the age of 33.

Parenthesis ends

Sharjah Award for Voluntary Work  

Conferred by Sultan bin Mohamed Al-Qasimi Crown Prince and Deputy Ruler of Sharjah

Parenthesis:

Born in 1939, Sheikh Sultan III bin Muhammad Al-Qasimi is a member of the Supreme Council of the United Arab Emirates and current ruler of the Sharjah emirate. He has ruled Sharjah since 1972. The rule was briefly interrupted during a six-day period between 17 and 23 June 1987. It was an attempted coup led by his brother Sheikh Abd al-Aziz bin Muhammad al-Qasimi.

Parenthesis ends

2015

King Faisal International Prize

Conferred upon Naik by Saudi King Salman Bin Abdul Aziz Al-Saud

Parenthesis

Some of the others who won this award include King Abdullah Ibn Abd AI-Aziz of Saudi Arabia himself, Al Qasimi of UAE, Presidents Dr Hamed AI-Ghabid [Niger] and [Alija Izetbegovig] Bosnia-Herzegovina and Abdou Diouf [Senegal]; Prime Ministers Mahathir Mohammad [Malaysia] and Recep Tayyip Erdoğan [Turkey]  

On April 3 2016, Saudi King Salman Bin Abdul Aziz Al-Saud [who had won the above award himself] presented India’s PM Narendra Modi with the Arab nation’s highest civilian award.

Zakir Naik’s perfidy was publicly known a decade ago.

Naik was banned from entering the UK by the then Home Secretary Theresa May [currently British PM] in 2010.

“Numerous comments made by Dr Naik are evidence to me of his unacceptable behaviour,” May was quoted as saying.

The admirers of 1965-born qualified medical doctor Zakir Abdul Karim Naik have spread mayhem on a global scale since 2006.

They include Najibullah Zazi, the Afghan-American arrested for planning suicide attacks on the New York subway, Rahil Sheikh [1], accused of involvement in a series of train bombings in Mumbai in 2006 and Kafeel Ahmed, the Bangalore born man killed during a failed suicide attack on Glasgow airport in 2007.

Indian Journalist Shoaib Daniyal disagreed with Naik’s belief that “Americans swap wives at will because they eat pigs which also swap their wives”. He also pointed out that Naik’s statement that Islam allows a man to marry multiple women because “in the USA, there are more women than men”, was inconsistent with US demographic statistics.

Torkel Brekke, a professor of religious history in Norway, calls Naik a very controversial figure.

Naik’s rhetorical attack on other religions and other varieties of Islam are strongly disliked by many members of the Indian Ulema for ignoring their authority.

Indian journalists had issued warnings about Naik.

“It would be useful to consider the case of Zakir Naik, perhaps the most influential Salafi ideologue in India,” observed Praveen Swami, a senior Indian journalist in his seminal work part of a book published in 2011.Operative excerpts from its blurb:

Sections of Bollywood backed Naik.

Film producer Mahesh Bhatt supported Naik in 2010 saying the ban constituted an attack on freedom of speech.

Naik’s application for judicial review of the ban was dismissed on 5 November 2010.

The same year, Naik was forbidden to enter Canada after Tarek Fatah, founder of the Muslim Canadian Congress, warned MPs of Naik’s views.

The bans on the entry have not been lifted.

India’s mainstream media had begun their harangue in 2016.

Operative excerpts from a report in The Times of India dated July 9 2016:

Mumbai-based preacher Dr Zakir Naik, who is under the scanner after two of the Dhaka terrorists claimed he was an inspiration, seemed to have been followed by four youths from Kalyan, a Mumbai suburb. They had run away and joined the Islamic State.

Areeb Majeed, arrested for IS activities in Kashmir, is believed to have told interrogators of the National Investigation Agency that he was ‘inspired’ after hearing the lectures of Naik.

Copies of Naik’s lectures were also found in a library located in Bihar, a north Indian cow-belt state. Enquiries had revealed the facility was frequented by Indian Mujahedeen members.

One of those who regularly accessed Naik’s works is Yasin Bhatkal – now in custody in India.

Like the Dhaka terrorists, Mumbai youths hailing from well-to-do respected families are drawn towards fundamentalism-fuelled-violence caused by the speeches of Naik. Besides Areeb, the other Islamic State joiners in the knowledge of police are engineering students Fahad Shaikh and Amaan Tandel.

According to police sources, suitably brain-washed initially by Naik’s hate-speeches, Areeb Majeed’s hatred was honed by a woman, Tahirah Bhatt, who also helped him join the banned group. In turn, Majeed recruited Shaikh, Tandel and others. They fought in Iraq. Currently, Majeed is in jail. Shaikh had contacted his family a few months ago. The whereabouts of Tandel aren’t known.

“The named youths were provoked to commit anti-national activities citing the destruction of Babri Mosque and Gujarat riots. Primary sources of ‘inspiration’ were hard-copies of Naik’s works. Naik’s rallies used to witness huge footfall in Bihar,” the official added.

Families of 15 young men and women from Kerala state’s northern districts suspect their offspring may have joined the Islamic State, according to top sources in India’s southern-most state.

It is not exactly known whether Zakir Naik’s speeches had impelled the youths to take such a step. However, a Press Trust of India report published by the website catchnews.com revealed alarming aspects of this unlikely tale. Operative excerpts:

State Chief Minister Pinarayi Vijayan has directed the police to launch a probe into the matter urgently, said Member of Parliament P Karunakaran. He represents the north Kerala constituency of Kasargod – located on the state’s borders that touch Karnataka.

“Family members of these youths were aghast reading Whatsapp messages. ‘We are not coming back. Here there is Divine Rule. You also should join us,’ one message said. ‘We have joined IS to fight US for attacking Muslims,’ said another. These youths were visiting the Middle-East for religious studies. We brought it to the notice of CM P Vijayan,” said Karunakaran. He had been apprised of the issue by a local body leader VPP Mustafa and a legislator M Rajagopalan.

This group comprises men, women, couple and even a child travelling along with parents.

The abhorrence of family members back home is apparent from the statement issued by Hakim, a male parent of one of the ‘missing’ youths.

“If my son returns as a good man, I will welcome him. If not, I do not want to see even his dead body,” Hakim was quoted as saying.

According to Rajagopalan, all those missing were below the age of 30 and highly qualified. This motley ‘missing’ crowd includes a medical doctor couple and an engineering graduate, his wife and a 2-year-old child. Before dropping out of sight, different persons in this group had presented varying tales for leaving Kerala. The reasons included visiting families far away job search.

The youths’ approach to life had undergone a sudden change during the last 2 years after accessing inflammatory Islamic literature, Rajagopalan added.

Surely Zakir Naik is an influential man.

Naik was ranked 89 on The Indian Express’s list of the “100 Most Powerful Indians in 2010”.

Naik was ranked 82 in the 2009 edition.

BBC’s Sanjiv Buttoo says he is acknowledged as an authority on Islam. However, he warns that Naik is known for making negative remarks about other religions.

US based senior journalist Sadanand Dhume observes that Naik has a ‘carefully crafted image of moderation’. This has been achieved through a gentle demeanour, dress sense of wearing of a suit and tie and his quoting of scriptures of other religions.

Naik was also listed in the book The 500 Most Influential Muslims under honourable mention from 2009 through 2014.

[1]

Seven serial blasts had ripped through Mumbai’s suburban railway network at peak hour on July 11, 2006, leaving at least 147 dead. The death toll had risen to 189 later. The incidents’ mastermind was Rahil Sheikh, currently in prison.

Sheikh is a trained as a computer engineer.

Sheikh’s brothers – Faisal and Muzammil were charged in the 2006 bombings.

Sheikh’s telephone records had indicated that he had been receiving calls from Saudi Arabia, Dubai, Nepal and Bangladesh.

Also, it has been suggested that he was acting as the point man to collect funds and pass it on to the LeT which is said to have carried out the attacks.

Sheikh is said to have travelled to Pakistan.

Mumbai cops actively protect Indian criminals

The safest haven for criminals in India that is Bharat – is the nation’s financial capital – Mumbai!

The following documented crimes and their perpetrators are living testimonies to this reprehensible phenomenon:

Pakistan-based 26/11 and 1993 terrorists’ financiers continue to operate in Mumbai with impunity.

Since 2013, the sinking of a naval submarine remains unsolved despite the then Defence Minister AK Antony saying in parliament that he suspected enemy action! India’s mainstream media [MSM] cares two hoots about this.

Rafique Malik Tejani, a pillar of Mumbai’s 5-star-cocktail circuit has been accused of being in cahoots with the likes of Dawood Ibrahim and others time and again. The 3-year-long cover-up was achieved through the July 2016 so-called suicide of a shady media hack blackmailer.

Tejani reportedly had a suspect role in the enemy action that sank Mumbai’s guard-ship submarine – Sindhurakshak in 2014. The matter was exposed for the nth time in 2016. No action was taken!

Instead of being hauled up before the law, Tejani and the company Metro House – headed by him – have allegedly usurped property owned by Mumbai Port Trust.[1]

The crimes are being committed with impunity – thanks to ‘cooperative operating methods’ of the ‘yellow-section’ of India’s Mainstream Media [MSM]. The controls are in Karachi, Islamabad and Beijing!

There is worse.

Mumbai cops shamelessly collaborate with gangsters. The system plays musical chairs with a few careers. [2]

The third most important case pertains to Zakir Naik – who is having a jolly time abroad. Mumbai cops keep pretending to attempt nabbing Naik.

It is one of the most vain cover-up attempts – with the help of former Mumbai cops occupying pivotal position in Saudi Arabia! [3]

These columns had clearly exposed how and why Zakir Naik may never return to India.

Finally, there is India’s most wanted terrorist fugitive Dawood Ibrahim.

Ibrahim is said to be linked to India’s Vigilance Commissioner for Banking Operations – TM Bhasin.

Bhasin is involved in a lot worse!

Among other things, Bhasin has been suspected of being in cahoots with international terrorist criminal Dawood Ibrahim to destroy India’s finance sector by mounting an attack on India’s international banking showpiece – the Bank of Baroda.

For further details on criminal banker Bhasin’s financial misdemeanours, download and read:

http://timesofindia.indiatimes.com/business/india-business/CVC-seeks-action-against-Indian-bank-CMD-ex-ED/articleshow/22177194.cms

http://tsvhari.com/template_article.asp?id=921

http://tsvhari.com/template_article.asp?id=909

[1]

Dawood’s Mumbai based accomplices are linked to an Rs.2, 60, 00,000 crores scandal tied to the Mumbai’s Port Trust. Top 5 newspapers of Mumbai carried a fallacious report about the building now called Metro House.

The plinth area of Metro House on whose ground floor a beer-joint Café Mondegar is located is 1457 square metres [a little over 14,500 square feet]. Upon this plot, 4 floors totally measuring some 57,000 square feet have been erected. The rough per-square-foot price in the area is Rs.1, 00,000. The calculable commercial value of the building on that basis is Rs.5.70 crores. But a mere 20 sq ft shop abutting the pavement has a value of Rs.3 crores. On that basis, the conservative commercial value is at least 1000 times more or simply, Rs.5.70 lakh crores! 

Metro House is situated within a 1 km radius of the offices of the Maharashtra state’s Director General of Police, the 26/11 Pak Terrorism victim Taj Mahal Hotel and Leopold Cafe, the biggest Jewish shrine of worship in Mumbai, besides the State Legislative Assembly and Secretariat.

Café Mondegar – a beer joint – frequented by the rich young crowd – was about to be evicted on April 19 2015, reports believed to have been planted by a media racketeer masquerading as a journalist Saumit Sinh, said.

The originally planted news item dated April 17 2015:

http://mumbaiwalla.com/cafe-mondegar-faces-eviction-after-bpt-terminates-building-lease/

The Times of India had to eat humble pie by publishing this report on April 21 2015 – because its sister publication Mumbai Mirror had published a report on April 18 2015 saying Mondegar would be evicted.

Operative excerpts from the ‘humble-pie’ report published in The Times of India on April 21 2015:

Eviction proceeding against the iconic Metro house in Colaba that houses Cafe Mondegar, did not begin on Monday [April 20 2015].

[The above paragraph implied the eviction was scheduled for April 20 2015.]

Metro House, a lease holder of the property, and other tenants had received a notice for termination of lease agreement by Mumbai Port Trust (MbPT) last November 2014 and respondents have reply within six months.

Indian Express dated April 18 2015 scored its own goal. Excerpts:

Cafe Mondegar, an iconic watering hole, now faces closure. The restaurant and pub is among the 23 tenants of the Metro House in Colaba which was issued a lease termination letter by Mumbai Port Trust (MbPT) in November last year for violation of lease norms.

The occupants of the building, including Cafe Mondegar, were given time to vacate the property, and the deadline ends on Sunday, April 19.

The eviction notice, served on November 19, 2014, says that the lessee of the building, Metro House Pvt Ltd, has flouted every possible term of the lease, including multiple instances of illegal subletting and alterations, unauthorized constructions of mezzanine floors, lofts, installation of mobile towers, besides unpaid rent, service tax and interest. The MbPT has also slapped a compensation demand of Rs. 76,16,537 (including interest, service tax) which was supposed to be paid by the tenants within one month after they received the notice.

Ex-Mumbai Port Trust chairman Ravi Parmar said, “We have served a notice terminating the lease of Metro House. After the notice period expires on April 19, we will start eviction procedure.

Operative excerpts from a report in the Daily News and Analysis dated April 23 2015 – which formed the fig-leaf cover-up:

The Metro House Pvt Ltd, which houses the famous Cafe Mondegar, has been issued an eviction notice by the Mumbai Port Trust (MbPT). The last day for response is slated as May 19.

The Metro House Mystery

The building and the land on which it [Metro House] is constructed have belonged to the Board of Trustees of the Port of Bombay since 1873.

In the Small Causes Court – a matter is actually pending in a contorted manner. In one of its rulings, the Small Causes Court says:

“Admittedly, the plaintiffs [viz. Cafe Mondegar and a small roadside shop Shankar Book Stall locked in a legal dispute concerning a shop within the Metro House building] are tenants of the premises, Unit No. 2, 5 and 6 owned by Metro House Pvt. Ltd., Mumbai.”

The Maharashtra Rent Control Act 1999 declares in its own text at Section 3 that its provisions do not apply to a premises owned by the government or by a local authority and the Board of Trustees of the Port of Bombay is one such local authority.

Mumbai Port Trust’s lawyer has claimed ownership of his principals on the plot of land leased to Metro House since 1995.

Relevant excerpts from the notice issued to Metro House:

 My clients … [owners of the building located on] a plot of land bearing RR No. 2100 [Old RR No. 1312] the Trustees of the Port of Bombay had granted lease by registered lease deed dated 4-4-1995 admeasuring 1457 sq. mtrs … for a period of 30 years commencing from 1.03.1991 and expiring on 28.02.2021. My clients Trustees Resolution No. 39 of 1991, the board accords [sic] its sanction for grant of fresh lease in renewal of expired lease of the above premises in your [Metro House’s] favour.”

The original lease was in the name of a Muslim Trust or Wakf that had ended on July 31 1986.

A copy of a sort of circular dated December 2 1986 on the letterhead of Khanbahadur Haji S. Meharbakhsh 1st Wakf-alal-Aulad about Aboobaker Mansion, 23-23B-25 Shahid Bhagat Singh Road, Colaba Causeway, Bombay 400 039 addressed to all tenants, signed by (i) Shaikh Abdul Aziz Meherbaksh; (ii) Shaikh Abdul Haq Meherbaksh; and (iii) Amjad Aziz Meherbaksh says:

We hereby intimate to you that by an irrevocable power of Attorney executed by us today appointed, constituted and nominated MALEK SULTAN ABDUL MALIK TEJANI and SHRI RAFIQUE ABDUL MALEK TEJANI as our attorneys to hold and manage overall affairs of our immovable property known as “ABOOBAKER” Mansion situated at 23-23B and 25 Shahid Bhagat Singh Road, Colaba Causeway, Bombay 400 039 with full powers and authority inclusive of recovering arrears and accruing rent/compensation and mesne profit from the Tenants/Occupiers of the property.

We have therefore to require you to pay the arrears and accruing future rent/compensation and mesne profit and all other charges to our said Attorneys and deal with them directly without any reference to us.

On 2nd December 1986, the Wakf and its Mutwallis had no claim of any sort on the building including any income derived from it.

In simple terms, Metro House was an illegal occupant claiming to be in possession of the building on the basis of a non-existent lease – which was renewed by the Mumbai Port Trust on 1-03-1991.

How can Mumbai Port Trust renew a NONEXISTENT lease?

The owners of Metro House are directly linked to the 1993 Mumbai bombings and the multi-thousand crore rupee Cobbler Scandal.

One of so-called subtenants of Metro House – Cafe Mondegar – reportedly was one of the sites of the 26/11 planning done by David Coleman Headley.  

The owners of Metro House destroyed the career of an honest income tax official and hounded him for 12 long years.

Rafique Malik [a.k.a. Rafik] with the family name Tejani has sinister political connections that touch the 1993 Mumbai bomb-blasts, city-based criminals linked to Dawood Ibrahim who are all in turn linked to powerful politicians – like Sharad Pawar. Excerpts from an article published on August 12 2014:

Link:

http://tsvhari.blogspot.in/2014/08/gadkari-spying-saga-unearths-sinister.html

[By blocking my Gmail account, Google has blocked this blog and hence helped the enemies of India.]

Excerpts from a Times of India report dated October 25 1996 P7 under the heading Shoe scam accused aided in the city’s1993 serial bomb blasts:

“During the arguments in the case, Public Prosecutor VT Tulpule contended that a confidential report from the Intelligence Bureau hinted that the accused persons [comprising Rafik Malik of Metro Shoes, Kishore Signapurkar of Milano Shoes, who owned shops in Karachi and Singapore] had used a portion of the money to fund the serial bomb blasts that rocked the metropolis on March 12 1993.

[Emphasis added].

Excerpts from Times of India [Bombay Times] report dated October 30 1996 under the heading:

IT officer who raided Dawood Shoes falsely implicated. “Exactly 12 years after [income tax department assistant director] Manoj Mishra first exposed tax evasions [by Dawood and Metro Shoes] Mumbai Police has now begun unearthing the skeletons of the multi-crore fraud … known as the Cobbler Scam.”

“Justice VH Bhairavia of the Mumbai High Court …[observed in his judgement thus]:It is clear that the complainant [Sadruddin Daya] who was designated for some time as the Sheriff of Greater Bombay … has gone to the extent of creating a false case against innocent officers such as the appellant [Mishra].”

“Mishra had been raided by the Central Bureau of Investigation. Daya had [claimed to have] handed over Rs. 2.5 lakh to the officer [Mishra].”

“Mishra had been suspended and convicted to rigorous imprisonment for 3 years and a fine of R.50,000 was imposed on him.” The verdict came in August 1995 [12 years after his conviction].

“Mishra’s lawyers argued that over Rs.2.5 crores were due from Daya.” Among the political links being investigated is that of former Maharashtra chief minister, Sharad Pawar.

Excerpts from an Outlook India report:

Link: http://m.outlookindia.com/story.aspx/?sid=4&aid=202844

Investigations have revealed Tejani to be a director of the Rs. 500-crore Dynamix Dairy Products Private Ltd in which Pawar is believed to have a stake through the holdings of family members.

For more download and read here:

Wikipedia suggests that Sharad Pawar has other questionable links:

In 2002–03, the then Maharashtra Chief Minister Sudhakarrao made a statement that the state leader of Indian National Congress party and erstwhile Chief Minister Sharad Pawar, had asked him to “go easy on Pappu Kalani”, a well-known criminal-turned-politician now.

Sudhakarrao also alleged that it was possible that Kalani and Hitendra Thakur, another criminal-turned-politician from Virar, had been given tickets to contest election for Maharashtra State Legislature at the behest of Sharad Pawar who also put in a word for Naik with the police when the latter was arrested for his role in post-Babri Masjid Demolition riots in Mumbai.

Sharad Pawar is also alleged to have close links with the underworld don Dawood Ibrahim through Ibrahim’s henchman Lakhan Singh based in the Middle East and close relationship with Shahid Balwa, also a suspect in the 2G spectrum scam. In turn, Balwa has links with currently disgraced BJP leader Eknath Ganpatrao Khadse. It was alleged that it was Balwa who had applied for environmental clearance for two of the projects linked to Pawar linked to the kingpin in the stamp paper scam, Abdul Karim Telgi cited a link from the magazine Outlook.

Link:

http://m.outlookindia.com/story.aspx/?sid=4&aid=202844

Café Mondegar is run by the Rusi Yezdegardi clan since the 1930’s.

A member of the Yezdegardi family sought to evict a Shankar Bookstall located on its periphery since 1952 by filing a case in the Court of Small Causes at Bombay vide a suit filed under the Maharashtra Rent Control Act 1999.

The plaint cited Metro House Private Limited as the owners of the building to whom the café pay pays to a monthly rent of Rs. 14,761.65 which includes Rs. 7,909.36 earmarked for ground rent levied by the Board of the Mumbai Port Trust.

The Trial Court chose to dismiss the suit. It, however, stated in its ruling, “Admittedly, both the plaintiffs are tenant of the premises i.e., Unit No. 2, 5 and 6 owned by Metro House Pvt. Ltd., Mumbai.”

On two floors of Abu Baker Mansion – lodging houses are being run. They are said to be linked to Nigerian drug and weapons’ smugglers reportedly operated between India and Thailand. A few of them are in a prison in Bangkok.

A series of 13 coordinated bomb explosions carried out at the behest of international terrorist fugitive Dawood Ibrahim shook Bombay [renamed Mumbai later] on 12 March 1993, the first of its kind resulting 257 fatalities and 717 injuries.

The bombs were planted by his henchmen Tiger and Yakub – whose second name is Memon – the sect to which Dawood himself belongs to.

On the basis of India’s Apex court ruling, the Maharashtra state government executed Yakub Memon, on 30 July 2015.

Harvard educated Metro House boss Tejani was arrested in the 1993 serial bomb-blast case as one of the persons who funded the blasts.

The prosecution opposed his bail.

In a simple move, Mumbai Port Trust obliged Tejani by creating a fake lease deed that became operational from 1991 to hide the 1993 stigma.

 [2]

Depending on the political equations in Maharashtra and the links of its underworld dons, top cops’ careers end up stinking or smell of roses.

Here are examples.

In May 2016, IPS officer Atulchandra Kulkarni assumed charge as the new chief of Maharashtra Anti-Terrorism Squad (ATS) – which – for all purposes is a posting of little consequence – these days.

Kulkarni replaced Vivek Phansalkar. The latter was transferred to the Anti-Corruption Bureau (ACB).

In January, he had been promoted to the rank of additional director general (ADG) of police – and thus came to possess the same rank as Datta Padsalgikar, currently Commissioner of Police.

Said to have serious differences with current Commissioner of Police Padsalgikar, Kulkarni had set his eyes on the post of Special Police Commissioner. He said as much in SMS messages to his friends in the press.

It was at that point that the athletic Padsalgikar handed Kulkarni – what Mumbai media hacks call the “French letter” posting of ATS Chief.

Incidentally, Padsalgikar has a Master’s degree in French literature.

But CM Devendra Fadnavis shot such plans down.

[3]

The earlier CP – Ahmad Javed had taken over the post from another controversial cop Rakesh Maria.

Incidentally, Javed is India’s top diplomat in Saudi Arabia – where Islamic agent provocateur par excellence – Zakir Naik is ensconced.

The same Mumbai police officers are play acting – saying it is trying to nab Naik!

MH370 – The Never-Ending Mystery!

Malaysian jet MH 370 that “disappeared” some 3 years ago is said to have been sunk by the aircraft’s – captain Zaharie Ahmad Shah thus allegedly committing mass murder of 239 persons on board.

The aircraft – of the Boeing 777ER class is roughly the size of the playing area of a football ground.

One should take such reports with much more than the proverbial pinch of salt.

The somewhat left-leaning Guardian posed a difficult question:

Australia’s multi-million-dollar search effort for the missing Malaysia Airlines flight ‘tested the limits of human endeavour’ – and failed. Where did it go wrong?

Reproduced below are excerpts from a report published in The Daily Mirror – a UK newspaper dated March 1 2017:

An air expert has claimed missing Malaysia Airlines jet MH370 was a mass murder by the pilot Captain Zaharie Ahmad Shah, three years after the plane disappeared.

The Boeing 777 disappeared on its way from Kuala Lumpur to Beijing in March 2014 with 239 passengers and crew on board, sparking a two-and-a-half year search that focused on the Indian Ocean.

Authorities from Malaysia, Australia and China initially expected to finish searching a 120,000 sq km (46,000 sq mile) target area by the end of 2016 but bad weather delayed the probe by another two months back in January, and brought it to an end.

One of the plane’s wings was found in Reunion Island 3000 miles away from the search area, “in an extended position that only a pilot could’ve done”, meaning the plane was brought down intentionally.

Air expert Larry Vance confessed he believes the pilot is a culprit of mass murder.

He added: “There’s no other explanation for it. Did the pilot commit suicide or survive? We don’t know!”

The following paragraphs seek to explain that the latest tidings about MH370 could be another smokescreen to hide a huge sinister conspiracy.

For 3 years, this writer has been consistently saying that the ‘mystery’ may never be solved. [1]

Now, yet another theory has been propounded.

In these columns, pinpointed queries had been raised on the premise that obviously, China has second guessed the truth.

Question one:

Would China use its good offices to help Russia trigger World War III to hide its misadventures in Ukraine and Crimea – the chicken neck of the Middle-East gas supply to the West?

Parts of the answers have been provided by EU!

Many countries in central and southeast Europe are dependent on a single supplier for most or all of their natural gas.

To help these countries diversify their supplies, the Southern Gas Corridor aims to expand infrastructure that can bring gas to the EU from the Caspian Basin, Central Asia, the Middle East, and the Eastern Mediterranean Basin.

Initially, approximately 10 billion cubic meters (bcm) of gas will flow along this route when it opens in 2019-2020. Given the potential supplies from the Caspian Region, the Middle East and the East Mediterranean, however, the EU aims to increase this to 80 to 100 bcm of gas per year in the future.

EU actions for expanding the Southern Gas Corridor include:

Keeping the infrastructure projects needed for the Corridor on the EU’s list of Projects of Common Interest. These are projects which can benefit from streamlined permitting process, receive preferential regulatory treatment, and are eligible to apply for EU funding from the Connecting Europe Facility

Cooperating closely with gas suppliers in the region including Azerbaijan, Iraq and Turkmenistan

Cooperating closely with transit countries including Azerbaijan, Georgia and Turkey

Negotiating with Azerbaijan and Turkmenistan on a Trans-Caspian pipeline to transport gas across the Caspian Sea.

Russians themselves have provided startling answers:

Facing sanctions from the West after the annexation of Crimea, Russia has reoriented its economy toward China. In making the pivot, it sought to break its diplomatic isolation, secure a market for its energy resources, and gain greater access to Chinese credit and technology. The results of the shift are mixed, but if trends continue, Moscow is likely to drift further into Beijing’s embrace. An asymmetrical interdependence is emerging, with global implications.

In trying to reorient its economy quickly, Moscow has eased informal barriers to Chinese investment.

Chinese financial institutions are reluctant to ignore Western sanctions, but Moscow and Beijing are developing parallel financial infrastructure that will be immune to sanctions.

Question two:

Would the Taliban assets in the Arab world contribute their might to trigger World War III?

The answer comes mainly from the Christian world:

The Third World War has begun, in spite of the fact that few people recognize it. The conflict isn’t between communist and free, as we long expected, but instead between Muslim and the rest of the world. Although militant Muslims in Iraq and Syria have stolen the headlines, it is not long before we see them around the world, making a play for power.

Question three:

Has Iran agreed to cooperate with the West over its nuke plans and is the thawing with Teheran in return for helping NATO hedge its Saudi-dominated bets in the Middle East?

Answers have been provided by The Atlantic:

In recent days, news of Saudi Arabia’s execution of the Shia leader Nimr al-Nimr, and the diplomatic clashes with Iran that followed, has often been accompanied by an explanation that, in simplified form, goes something like this: The schism between Sunni and Shia Islam is an ancient one, expressed today in part through the rivalry between Sunni Saudi Arabia and Shia Iran. Those two countries are intractable enemies—“fire and dynamite,” as one Saudi journalist memorably described them. Their proxy battles and jockeying for leadership of the Muslim world have ravaged the Middle East and, as has been vividly illustrated this week, could yet ravage it further.

Frederic Wehrey doesn’t buy that narrative. A scholar at the Carnegie Endowment for International Peace who researches identity politics in the Persian Gulf, Wehrey believes the execution of Nimr, rather than being the latest salvo in the Saudi-Iran shadow war, was primarily motivated by domestic politics in Saudi Arabia. Specifically, the Saudi royal family wanted to appease powerful Sunni clerics angered by the kingdom’s cooperation with the United States in the fight against ISIS, a Sunni jihadist group.

Operative excerpts from the Wikipedia dossier:

Malaysia Airlines Flight 370 (MH370/MAS370) was a scheduled international passenger flight that disappeared on 8 March 2014 while flying from Kuala Lumpur International Airport, Malaysia, to Beijing Capital International Airport in China. The aircraft, a Boeing 777-200ER operated by Malaysia Airlines, last made voice contact with air traffic control at 01:19 MYT, 8 March (17:19 UTC, 7 March) when it was over the South China Sea, less than an hour after takeoff.

The aircraft disappeared from air traffic controllers’ radar screens at 01:22 MYT. Malaysian military radar continued to track the aircraft as it deviated westwards from its planned flight path and crossed the Malay Peninsula. It left the range of Malaysian military radar at 02:22 while over the Andaman Sea, 200 nautical miles (370 km) north-west of Penang in north-western Malaysia. The aircraft was carrying 12 Malaysian crew members and 227 passengers from 15 nations.

The multinational search effort for the aircraft is the largest and most expensive in aviation history.

The search began in the Gulf of Thailand and the South China Sea, where the aircraft’s signal was last detected on secondary surveillance radar, and was soon extended to the Strait of Malacca and Andaman Sea. Analysis of satellite communications between the aircraft and Inmarsat‘s satellite communications network concluded that the flight continued until at least 08:19 and flew south into the southern Indian Ocean, although the precise location cannot be determined.

Australia took charge of the search on 17 March when the search moved to the southern Indian Ocean. On 24 March, the Malaysian government noted that the final location determined by the satellite communication is far from any possible landing sites, and concluded that “Flight MH370 ended in the southern Indian Ocean.”

From October 2014 through January 2017, a comprehensive survey of 120,000 km2 (46,000 sq mi) of sea floor about 1,800 km (1,100 mi) south-west of Perth, Western Australia, yielded no evidence of the aircraft. Several pieces of marine debris found on the coast of Africa and on Indian Ocean islands off the coast of Africa, the first discovered on 29 July 2015 on Réunion, have been confirmed as pieces of Flight 370. However, the bulk of the aircraft has still not been located, prompting many theories about its disappearance.

Malaysia established the Joint Investigation Team (JIT) to investigate the incident, working with foreign aviation authorities and experts. Neither the crew nor the aircraft’s communication systems relayed a distress signal, indications of bad weather, or technical problems before the aircraft vanished. Two passengers travelling on stolen passports were investigated, but eliminated as suspects. Malaysian police have identified the captain as the prime suspect if human intervention was the cause of the disappearance, after clearing all others on the flight of suspicious motives. Power was lost to the aircraft’s satellite data unit (SDU) at some point between 01:07 and 02:03; the SDU logged onto Inmarsat’s satellite communication network at 02:25—three minutes after the aircraft left the range of radar. Based on analysis of the satellite communications, the aircraft turned south after passing north of Sumatra and the flight continued for five hours with little deviation in its track, ending when its fuel was exhausted.

With the presumed loss of all on board, Flight 370 is the second deadliest incident involving a Boeing 777 and the second deadliest incident in Malaysia Airlines’ history second only to Flight 17.

Flight 370’s disappearance brought to public attention the limits of aircraft tracking and flight recorders, including several issues raised four years earlier—but never mandated—following the loss of Air France Flight 447.

In response to Flight 370’s disappearance, the International Civil Aviation Organization (ICAO) adopted new standards for aircraft position reporting over open ocean, extended recording time for cockpit voice recorders, and, from 2020, will require new aircraft designs to have a means to recover the flight recorders, or the information they contain, before the recorders sink below water.

[1]

Operative excerpts from TSV Hari’s writings dated April 12 2014:

I had predicted that the “missing” Malaysian Airlines’ System [MAS] owned Boeing 777 ER now globally notorious as MH370 will never be found. It is still missing.

I had received a report attributed to Pyare Shivpuri, a linguist formerly of the World Service of BBC.

His analysis quoted generously from a website that seeks to provide clarifications on the missing MH 370. Its link:

http://singaporeseen.stomp.com.sg/singaporeseen/this-urban-jungle/amazing-video-shows-what-its-like-to-brave-choppy-waves-in-mh370-search-operation

The language in the report found in the above link is full of several syntax errors. Pyare was cryptic in his reaction about his contribution and embellishment of the report .

“If you think the report – based on what had been published on the net and reportedly repaired by me is worth publishing in your site, do so by all means. But, please avoid seeking clarifications from me on this account. I have better things to do in life,” Pyare, a personal friend, said.

Pyare had authored a world famous book – The Russian Threat.

He had been imprisoned during the emergency, despite being related to Mrs. Indira Gandhi.

Pyare’s rendition:

The Americans are withdrawing from Afghanistan one of their command and control system (used for controlling the pilotless drones) was hijacked by Taliban fighters when the American transport convoy was moving down from one of the hill top bases.

The Taliban terrorists ambushed the convoy and killed 2 American Seal personnel seized the equipment/weapons, including the command and control system which weighed about 20 tons and packed into 6 crates. This happened in Feb 2014.

Like everyone else on earth, the Taliban wanted and continue to want money.

They tried selling the system to the Russians and/or the Chinese.

The Russians hate the Taliban because these Muslim Afghan fighters were the ones who humbled the mighty Red Army and chased it back into the borders of what had been the Soviet Union. That act had finally led to the collapse of that form of Government under Mikhail Gorbachev.

But, being very clever, the Russians cited their busy schedule in Ukraine and opted out of the drone deal.

Perhaps, that was the window dressing.

The Chinese and the Russians have nice little cooperative venture going.

China is a bit scared of the Western danger – since it has gone well beyond the threshold limit of withstanding the deferring of monies due to its state-owned manufacturing machine-like performing sweat-shops.

A single open defiance by one Western regime and China could arguably pull the plug of world finance to bankrupt more than 70% of the world.

But that would mean that China could never be able to get back its money for the exported easy credit, cheap, but high quality goods.

So, they needed to throw another scare.

A two-pronged game was played in response to what the West began doing sometime last year.

Western Europe is dependent on the cheap Russian gas to run its industries.

But, mad Vlad Putin began showing signs of belligerence and up popped the possibility of his closing the gas taps deep inside Russia. So, a deal was done with the Arabs … to get a natural gas pipeline laid all the way from the Middle-East, snaking through Syria to Western Europe to hedge the Western bets.

Putin realised the threat and began actively supporting the Syrian regime which wanted more than its proper pound of flesh.

So, Syria’s boss Assad suddenly became a global villain just as Saddam morphed into one in the early 90’s.

Russia did not blink one little bit began hailing the virtues of Assad, even vetoed action against Syria when something to the effect was proposed by the West in the UN.

Meanwhile, perhaps China found the offer from the Taliban very interesting as they could duplicate and master the technology to render all American drones ineffective on the one hand, usable by enemy hands on the other and rendered useless whenever and wherever applicable.

The Taliban then committed one stupid mistake.

Knowing that some of the parts of the rogue atomic weapons developed by AQ Khan had come from Malaysia, Kuala Lumpur became the place to exchange the goods for the cash.

Chinese had agreed to the deal, sent 8 of its top defence scientists to check the system and to effect the transfer.

There is of course one fully foxing question whose one bit remains unanswered.

Afghanistan shares a border with China – and hence it could have been sent across the common border.

That is the problem of the mindset of terrorists whose left hand would not trust its right hand.

Under the guise of monitoring Afghan elections, Western powers had the sewn up the Afghan-Sino border all through a chicken-neck area called the Wakhan Corridor. On the southern side is Pakistan occupied Kashmir and on the northern edge is Tajikistan. The final edge of Afghanistan’s common border with China involves a 17 km trek through treacherous terrain and carrying 6 heavy crates on mules is out.

Taliban did not know as to whom to trust in its bases in Tajikistan.

So its fighters decided to do the time tested relationship within the rogue elements of Inter–Services-Intelligence in Islamabad.

The AQ Khan times’ relationship came in handy.

The unanswered parts of the query:

  1. Why did someone not change the 6 crates into 30 crates and render it easier to transport?
  2. If the crates reached KL –what mode of transport was used to achieve that?
  3. If that was the done deal, why not fly directly to Beijing?

Sometime in early March 2014, 8 Chinese scientists reached Malaysia and waited as the six heavy crates made their way to Kuala Lumpur.

The checks were done under diplomatic protection in Kuala Lumpur by the Chinese weapons’ experts.

It was then China’s turn to make a stupid mistake.

Beijing calculated that its agents could transport the cargo unnoticed through civilian aircraft.

The direct flight from KL to Beijing was to take only 4 and half hours. Americans were not expected to hijack or harm a civilian aircraft which had nearly 150 normal Chinese citizens.

So MH370 became the perfect carrier.

As usual, Israel sussed this out.

Determined to recapture the stuff, agents the United States of America and from Tel Aviv [the two so-called Iranians with stolen passports, perhaps were part of this team] quietly got themselves booked into the flight.

Reports say that in all there were 5 agents in the employ of the Americans including the two from Mossad who masqueraded as Iranian agents to lead the world on a wild goose chase.

The American team had persons who were experts in dealing with Boeing aircraft.

When MH370 was about to leave the Malaysian air space and meant to report to Vietnamese air control, an American AWAC jammed its signal, disabled the pilot control system and switched over to remote control mode. That was when the plane suddenly lost altitude momentarily.

After 9/11 incident, all Boeing aircraft and Airbus aircraft have inbuilt systems that would allow a hostile takeover of controls by an AWAC. The ‘sudden’ problems in Boeing aircraft leading to several of them getting grounded – especially in the Far East besides the delay in the delivery of Airbus’s latest fleet to client airlines was the manifestation of this issue.

Armed with virtually undetectable gizmos to take-over the plane controls from the inside and beyond through the AWACs, the 5 agents overpowered the hapless Malaysian pilots, crew, switched off the transponder and other communication systems, changed course and flew in a southwest direction.

Malaysian, Thai and Indian military radars actually detected what their systems termed a ‘rogue’ aircraft, but kept quiet – presumably under US orders.

The plane flew over North Sumatra, Anambas, towards southern India’s military airspace, landed quietly in a specially built airstrip at the Maldives – there are reports of some villagers having seen the aircraft – refuelled and finally landed at the Diego Garcia atoll which is an American Air Base in the middle of Indian Ocean.

The cargo and the black box were removed.

None exactly knows as to what happened to the passengers.

There is of course the golden rule in spying parlance.

The dead tell no tales.

Surely, Google knows this adage only too well.

Google.com killed all my blogs. The lost ones include the following:

http://tsvhari.blogspot.in/2014/03/missing-malaysian-flight-mh-370-one.html

http://tsvhari.blogspot.in/2014/03/the-white-elephants-flight-and-wwiii.html

http://tsvhari.blogspot.in/2014/03/missing-malaysian-airlines-final.html

http://tsvhari.blogspot.in/2014/03/the-239-on-board-missing-malaysian.html

http://tsvhari.blogspot.in/2014/03/the-missing-malaysian-plane-mystery.html

India doesn’t care about Davos?

Despite keen global interest in the after effects of India’s massive demonetisation, Bharat is under-represented at the world’s top decision makers’ talk-fest at Davos, Switzerland where the annual World Economic Forum [WEF] is underway. A virtual “B” grade team has been sent officially.

A tongue-in-cheek look at the phenomenon:

By Lazy Fly*

I was surprised upon spotting India’s greatest political fixer Maha Guru at the poolside of the 5-star Crowne Plaza Chennai Adyar Park the other day.

“I thought you would be at Davos, doing deals while skiing in the Alps,” I said, noticing the man was without any cocktail drink – his usual trademark.

“Why would I go to Davos, when I can make the deals from here at a very minor fraction of the price?” The query was asked in a sort of squeaky voice – something different from his regular, baritone.

The ‘fixer’ has a spitting image of the late Prime Minister Indira Gandhi’s flunkey, Makhan Lal Fotedar.

The political lobbyist is known as MG which is an acronym of Maha Guru and/or Minimum Guarantee. “The importance of the name changes its forms depending on the time, occasion, location and operation,” the man loves to tell those foolish enough to listen. Often, found citing own aphorisms terming them as the Holy Minds’ Voices, he also referred to with the sobriquet –HMV.

His predictions are of the Nostradamus variety. They are puzzling and can be indicated as prophesies of any eventuality. Thanks to his somewhat archaic language, he also is derisively called Long Playing Old Record [LPOR], cassette tape [CT] video-cassette-disc [VCD]. His actions have earned him other epithets. Some of them are political predicament predictor [PPP], fixer-of the deadly instigation [FDI] and first-class rascally abomination [FCRA].

“You have a sore throat or something? You sound different,” I said.

“I am only imitating that wonderful poison lady Sasikala, who has managed to do everything to destroy this state – well almost. But, I am not overdoing it, wiping tears every 17 seconds as she did during her inaugural speech,” FCRA said in his regular voice.

“I thought your friends can finance any venture. Besides, entry is free at Davos, I hear,” I remarked.

“Yes, it is free to members who pay the annual WEF membership fee of US$ 585,000 [approximately INR 4 crores]! Entry is free in this hotel too. But try ordering a cup of coffee and you will know the truth! But, that is nothing when compared to the costs at Davos. Besides, my friends have better uses for a tidy sum like Rs.4 crores,” LPOR observed.

“VVIP Attendees include United Kingdom’s ‘liberal conservative’ Prime Minister Theresa May, China’s political boss Xi Jinping and US hedge fund headman, Anthony Scaramucci. The last mentioned person is the chief financial advisor to Donald Trump, scheduled to be sworn in on January 20 2017. Surely, India can swing a few deals at Davos,” I said.

“The ladies and gentlemen at Davos are far cleverer than the jokers we usually send from here like that racketeer lawyer Chidambaram. Persons investing in the British Pound didn’t expect Theresa to move mountains or soften the Brexit blow. Hence they moved their investment out of that piece of hard currency causing a minor slump in its sterling value, according to implications in a BBC report,” came the retort.

I tried another tack.

“China’s Xi is expected to make conciliatory noises towards Trump taking a cue from the idea propounded by WEF founder Klaus Martin Schwab. The important advice to world leaders: from Schwab: “Overcome the present mood of divisiveness and negativism.” Xi indicated he has a smooth communication channel with Trump and team. The Chinese president has expressed willingness to meet members of the US president-elect’s team whilst in Davos,” I pointed out.

Trump hates China, revealed a report filed by Guardian’s correspondent Ben Jacobs a year ago. But, Trump actually can do nothing much against China because he owes the dragon nation a lot of money. The credible New York Times has exposed that most of Trump’s bravado speeches are hot air as did the CNN. Trump loves the media the way a snake would love a mongoose. Now do not get long in the tooth and ask me who is the snake and who the mongoose is,” CT argued and began laughing.

I did not think of that crack as much of a joke.

“Let us get serious, MG. The primary concerns at Davos would be Weapons of Mass Destruction [WMD], Brexit, collapse of Euro as a currency, further break-up of the European Union [EU] – to mention just a few. After the monumental demonetisation and the absence of any worthwhile protest against it in India, it would surely attract a lot of attention,” I intervened.

“You are wet behind your ears. Notwithstanding the brouhaha over the 2 month old demonetization drama, India is very low in the list of priorities at Davos. The official delegation, one can safely say, is a ‘low level’ category. The attendees are Union Ministers Nitin Gadkari and Nirmala Sitharaman, Niti Aayog’s Arvind Panagariya, DIPP Secretary Ramesh Abhishek and Andhra Chief Minister Chandrababu Naidu. Have you ever seen Gadkari making any intelligent financial statement? The only reason he is still surviving in politics is because at the instance of the RSS, auditor-journalist Gurumurthy gave him a clean chit a few years ago,” VCD spat his words.

“You are obviously referring to the NDTV report which obliquely made fun of both Gadkari and Gurumurthy. But since then, NDTV has been relentlessly assailed by Gurumurthy and those close to him,” I said.

“You journos are jokers. Former Union Minister Arun Shourie had termed business tycoon Dhirubhai Ambani a thief and a smuggler in the 80’s. Let me quote facts here. Rediff.com put out a story exposing Shourie. The operative sentences read thus: Shourie claimed he first learnt about Dhirubhai through the articles of his former colleague S Gurumurthy, Chennai-based chartered accountant and convenor of the Swadeshi Jagran Manch. The SJM, an organisation espousing the cause of economic nationalism, is affiliated to the Rashtriya Swyamsevak Sangh, the ideological parent of the ruling Bharatiya Janata Party. Shourie claimed the point of most of the articles written by Gurumurthy during 1986 and 1987 — many of which he had co-authored – “was that Reliance had done something in excess of what it had been permitted to do: that it had set up capacities in excess of what had been licensed, that it was producing in excess of those capacities. [1] Today, Arun Shourie, the senior journalist, who once enjoyed trappings of power as a junior minister in the earlier incarnation of the NDA under Vajpayee, slams Modi as a dictator. The same Shourie went out of his way to support Modi and his reported ‘Presidential form of government’ during the 2014 parliamentary elections. The politicians are shameless, all of us know. But, are journalists really justified in blaming politicians when they themselves are eating their own words? Having worked for World Bank in the past, Shourie is an economist. Gurumurthy is yet to attack the likes of Ambani, but, praises the BJP, which does business with Ambanis in an unhindered fashion.” The fixer’s speech was punctuated by guffaws.

This was a clear digression. I dragged it back to Davos.

“Here were talking of Davos and you shoved Dhirubhai into it,” I snapped.

“OK. From India’s immediate neighbourhood, apart from China, other attendees are Pakistan President Nawaz Sharif, Bangladesh PM Sheikh Hasina and Sri Lankan Prime Minister Ranil Wickremesinghe. Former Pakistani Army Chief Raheel Sharif is another attendee. His costs are being met by Saudi Arabia. Raheel heads an international force to tackle ‘Islamic terrorism’ funded by the House of Saud and 36 other Islamic nations most of which clandestinely support ISIS! Double standards are a global phenomenon, boyo!” The Guru’s tone was highly derisive.

“But Davos is important, isn’t it?”

“Depends on which side you are on. There is the financial buccaneer billionaire George Soros. Following Donald Trump’s election, billionaire investors George Soros lost close to a billion dollars. Soros had supported then-Democratic presidential candidate Hillary Clinton during the campaign. At that time, he had said the methods of ISIS and Trump were different, but the effect – one to threaten the world into submission – was the same. Trump-friendly hedge fund owners earned a windfall on their stock portfolios. Billionaire Carl Icahn made upwards of $700 million on November 9, while John Paulson reaped over $463 million on the same day, said the Fortune. But, the so-called smart man who had caused a run on the British Pound in the early 90’s, clocked a massive loss. The billionaire investor wrote an opinion piece, saying that “open societies are in crisis” Allow me to quote him verbatim: “Open societies are in crisis, and various forms of closed societies,” he wrote for Project-Syndicate, “from fascist dictatorships to ‘mafia’ states—are on the rise.” “Because elected leaders failed to meet voters’ legitimate expectations and aspirations, electorates have become disenchanted with the prevailing versions of democracy and capitalism. I find the current moment in history very painful” because is a “would-be dictator” and a “con artist”. It is a clear case griping due to the legendary sour-grapes-trait. Shourie didn’t get to be FM, so he is angry. Soros is in sorrow because his protégé Hillary didn’t get to be President. In his interview, Shourie cited the late journalist Cho Ramaswamy’s views on VP Singh, one of Shourie’s heroes of the 80’s. The exact quotes from Shourie: I supported V.P. Singh despite the warnings of Chandrasekhar, who told Cho Ramaswamy that ‘you tell your friend that he is supporting Singh but he’s a very dangerous man, he believes in nothing’. But at that time, we had so many cases against us in the Express so I told Cho there is a proverb that when your house is on fire you cannot wait for Ganges water. Cho said to me, are you sure it’s not petrol? I would rather like to believe that he is somewhat jealous of the attention Cho got while being alive and also posthumously. Talking of petrol, one remembers that the Islamic brand of terrorism is all about petrodollars,” the deal-maker spoke in a bitter voice.

“Are you saying Davos is mere a talking rendezvous in salubrious Swiss surroundings, in a town that has a little more than 11,000 registered residents and nothing more?”

At that precise moment the waiter arrived with a strange looking cup with a liquid that seemed to have floating white pebbles.

“Stop looking like someone who just saw the abominable snowman called Yeti, Lazy. This is Yulmu, a kind of Korean tea, which is good for health in every way. Yulmu has high protein content, is healthier alternative to a cup of coffee in the morning and what you see floating like pea-sized wooden beads are exactly that – made of a plant called Job’s tears, whose output accords intoxication – more than the stimulant value of tea or coffee. Its genetic names are Coix lacryma-jobi and lacryma-jobi. Coix lacryma-jobi and its variant ma-yuen are harvested as a cereal crops. The output has a soft shell, and is used medicinally in parts of Asia. The material has shells that were used to make rosary beads for use in monasteries in southern Europe. In Korea, the grain comes along with powdered walnuts and almonds. When I heard that this hotel had added it to its menu I specially came here. I have to learn a thing or two about Korea – especially in the light of one of the top industrial houses of South Korea is in the dock in Seoul. That company has a major manufacturing plant in the outskirts of here.”

I somehow felt that the Guru was being evasive about something.

At that moment two men accosted the fixer. The persons were in complete contrast of each other. One wore a single cotton dhoti, a cotton shirt that seemed as though it needed ironing. He also did not wear slippers. The other gentleman was nattily dressed in an outlandish 3-piece suit.

“Friends of yours?” I asked.

“Let me introduce them. The man in the suit is a representative of the family of Goyals who once part-owned this hotel alongside ITC before conflicts of interests resulted in a change in management. The other poorly dressed man is Vaikundarajan, who owns a huge mining empire and a television channel. In the past, the Goyals had a problem or two with the Enforcement Directorate and the Union Finance Ministry about their mineral exports. Vaikundarajan is being accused of stealing India’s rare earths from Tuticorin district worth over Rs.1 lakh crores. This deal is worth several billions of dollars. And that is happening right here and not in an expensive place like Davos. The after effects of this deal can affect the global economy in more ways than one. I am helping them exchange notes. When I say notes, I do not mean the Rs.2000 type, mind you. You will not be part of this meeting, so better run away,” the Guru said.

As I began walking away I saw a flat nosed lady with mongoloid features join the motley crowd of three and wondered whether she was from a South Korean industrial house as hinted by the Guru.

[1]

Operative excerpt from the Rediff.com story:

1986 was a crucial year for Dhirubhai. He suffered a stroke in February that year. A few months later, the Express began publishing a series of articles by Shourie and Gurumurthy, which meticulously detailed a host of ways in which the Indira Gandhi government had gone out of its way to assist the Ambanis.

One article was on the subject of how the Reliance group imported “spare parts”, “components” and “balancing equipment” of textile manufacturing machinery to nearly double its production capacities. The article provocatively claimed the Ambanis had “smuggled” in a plant.

Another story detailed how companies registered in the tax haven, Isle of Man, with ridiculous names like Crocodile Investments, Iota Investments and Fiasco Investments had purchased Reliance shares at one-fifth their market prices.

Curiously, most of these firms were controlled by a clutch of Non-Resident Indians who had the same surname, Shah.

Though the then Finance Minister Pranab Mukherjee had to change a reply he gave in Parliament on the investments made by these firms, an inquiry conducted by the Reserve Bank of India could not find any evidence of wrongdoing.

Yet another article detailed how the group had been the beneficiary of a “loan mela” — a number of banks had loaned funds to more than 50 firms that had all purchased debentures issued by Reliance Industries.

Vishwanath Pratap Singh was one of the few politicians who took on the Ambanis. In May 1985, as finance minister in Rajiv Gandhi’s government, he suddenly shifted imports of PTA from the OGL (Open General Licence) category. At that juncture, Reliance needed to import this product to manufacture polyester filament yarn.

It was found that the group had “persuaded” a number of banks to open letters of credit that would allow it import almost one full year’s requirement of purified terephthalic acid (PTA) on the eve of the issuance of the government notification changing the category under which PTA could be imported.

It was hardly a coincidence that soon after V P Singh fell out with Rajiv Gandhi, various tax agencies of the Indian government raided the premises of the Express group.

Things got even more difficult for the Ambanis after Singh became Prime Minister in December 1989.

In 1990, government-owned financial institutions like the Life Insurance Corporation and the General Insurance Corporation stonewalled attempts by the Reliance group to acquire managerial control over Larsen & Toubro, one of India’s largest construction and engineering companies.

Sensing defeat, the Ambanis resigned from the board of the company after incurring large losses. Dhirubhai, who had become L&T chairman in April 1989, had to quit his post to make way for D N Ghosh, former chairman of the State Bank of India.

The mid-eighties were also a period during which the Reliance group got locked in a bitter turf battle with Bombay Dyeing headed by Nusli Wadia.

The two corporate groups were producing competing products — Reliance was manufacturing PTA and Bombay Dyeing, di-methyl terephthalate (DMT).

Wadia lost the battle and reportedly became the source of information for many of the Express articles against the Ambanis written by Shourie and Gurumurthy.

In 1985, the Mumbai police had accused a general manager in a Reliance group company of conspiring to kill Wadia, a charge that was never established in a court of law.

Eight years later, a newspaper owned by the Ambanis would accuse Wadia of illegally holding two passports and played up the fact that he was Mohammed Ali Jinnah’s grandson.

By this time, Shourie had built his bridges with the Ambanis and the newspaper concerned, the Observer of Business and Politics, would carry a regular column written by Shourie for which he was suitably remunerated.

In May 2002, as Union minister for divestment in the Vajpayee government, Shourie presided over the sale of 26 per cent of the equity capital of the former public sector company, Indian Petrochemicals Corporation Limited (IPCL), to the Reliance group in May, the same year.

  • The non de plume Lazy Fly is an unabashed copy of the by-line of the humour columns once penned by the inimitable Behram Contractor, who called himself Busybee. Being no patch on the master in humour or contents’ crispness, I refer to myself as a Lazy Fly.

Will India Inc Forget Demonetisation Woes Thru Jaitley’s Raids On Zakir Naik’s IRF & An Arms’ Dealer Sponsored Concert?

India’s media savvy Finance Minister Arun Jaitley has perhaps succeeded in creating a sideshow by pretending to lynch Islamic preacher Zakir Naik. Since July, the Finance and Home Ministries have twiddled their thumbs over the issue.

The Enforcement Directorate, Income Tax and other departments that report to India’s Jaitley have begun conducting raids on Naik’s Islamic Research Foundation [IRF].

As it did in July this year, the sudden interest on Naik may yet prove to be nothing more than a storm in a beer tankard sold in south Mumbai’s watering hole – Metro House!

Is the proposed ‘impending action’ against Islamic hate-monger Zakir Naik – a diversionary tactic to drag attention away from the current anger of the public against the demonetisation?

The answer: Probably, yes.

What purpose would the diversion serve?

Answer: It would succeed in attracting people’s attention towards an inbuilt hatred against a faith called Islam. Its basic tenets have nothing in common with terrorism. But, persons like Zakir Naik [better suggestion for a name – Shaatir Naalaayak – meaning clever scoundrel] besmirch the reputation of Prophet Muhammad [Peace Be Unto Him].

Of course, the exercise would drag the angst and anger of the people of India that is Bharat away from the demonetisation travails.

How sure can one be about this tactic working?

India’s financial capital Mumbai is witnessing theGlobal Citizen Concert.”

The concert’s syndication is handled by one Shiv Khemka, a notorious arms dealer with a shady past with all sorts of connections with Russia and Vladimir Putin.

Shiv Khemka is more Russian than Indian, one would be led to believe by reading a short profile on the group in Business Today:

The disinvestment process is what drew us more to India,” says Shiv Vikram Khemka, Executive Director. “’We have a 20-30 year perspective for India.”

The Khemkas fancy their chances because of the success they’ve met with in the disinvestment process in Russia: Out of 35 bids, they succeeded in 27. The Khemkas aren’t revealing the PSUs they’re targeting, preferring to only identify the sector they’ve identified: oil and energy.

Shiv Khemka is an open supporter of Arun Jaitley.

His tweet in September 2016 [reproduced verbatim below] clearly shows where his loyalties lie: Swamy’s statement against FM @arunjaitley and about tax laws is totally irresponsible.

Economic Times stated that while Russian Helicopters (RH) is in talks with a handful of possible Indian partners, the lead contender happens to be the Gurgaon-based Sun Group, reported a website in May 2015. Operative excerpt:

As per insiders, the group may get a significant share of the deal, which might cross a whooping amount of $700 million. RH is likely to produce at least 200 choppers in India. Vice-Chairman and founder of Sun Group Shiv Vikram Khemka has been a non-executive director on the board of RH since 2011 and has already set up a helicopter division. He is likely to be involved in the ‘Make in India’ project.

While the Sun Group did not respond to a detailed questionnaire sent by ET, company officials said things were at a preliminary stage and it was too early to comment.

But according to sources, Sun Group was also an offset partner for RH in a previous competition to supply light choppers to the army, a process which was cancelled by the government last year.

The financial capital will also soon forget another little thing it ought not to – the dreaded date called 26/11.

An excerpt from the relevant report in The Indian Express dated November 19 2016 told the bitter truth:

The concert Global Citizen is taking place just before the eighth anniversary of 26/11 Mumbai attacks and speaks volumes about the spirit of Mumbai — the show must go on.

The 26/11 show’s villains are still in Mumbai, enjoying life, cocking a snook at the law and left untouched by the cops – despite their being up to their ears in black money and involved in anti-national activities of the worst kind!

Here are links exposing shady sides of the ongoing show:

https://haritsv.wordpress.com/2016/07/06/did-indias-gossip-column-journo-sinh-commit-suicide/

https://haritsv.wordpress.com/2016/06/05/maharashtras-bjp-slur-khadse-in-a-vain-shadow/

The irony is best expressed in the song penned by the immortal Hindi lyricist Shailendra for the 1962 Devanand starrer Asli Naqli [True-Fake].

Yesterday’s wealth, today’s joy,

The courts of the rich

And my impoverished alleys

You should be asking me

As to which one is true

And which is the fake!

Breaking relationships

Traditions

I have arrived amidst those with kind hearts

I can tell you there is no strength in the rich

The world of pelf didn’t care for me

The globe’s poor showered love on me

I sat on my imaginary palace’s throne

Sighting an Utopian global peace

Yet

Yesterday’s wealth, today’s joy

The courts of the rich

And my impoverished alleys

You should be asking me

As to which one is true

And which is the fake!

Indians are being fooled again – by the clever Jaitley – who is running with the bad-dogs and also running alongside the hound – Modi!

India’s paid press will surely make merry.

The evidence from the recent past is too fresh in the memory!

The Real Secret Behind Modi’s Currency Cancellation Move?

Is there a link between Prime Minister Modi’s sudden cancellation of the Rs.500 and Rs.1000 currency notes to geopolitical financial upheaval in the wake of US election results that catapulted Donald Trump to the White House against all expectations?

Could that be the signal of the newest global bloc – BRICS undergoing serious realignments?

The replies to both the queries could only be in the affirmative.

Indian PM Modi’s attempt to unearth unaccounted wealth in India whose final value could snake beyond US$ 500 billion has acquired a sudden importance as the geopolitical world has undergone a sudden, drastic change.

One man has created this situation.

His name is Donald Trump.

Modi seems to have merely reacted to what Trump’s slogan “America first” platform could eventually lead the world into.

Trump’s proposed foreign policy has reportedly rung alarm bells in Beijing, Tokyo, Seoul, the EU headquarters in Brussels and most of the vulnerable Baltic nations along Russia’s western border.

Brussels, incidentally, is also home to the headquarters of NATO.

Trump had threatened to pull out of NATO and withdraw the nuke umbrella protection over Japan and South Korea. He had vowed to slap huge trade tariffs on China.

The Chinese Foreign Ministry spokesman, Hong Lei, had said in May, “We hope the U.S. people from all walks of life would view bilateral relations from a reasonable and objective perspective.” It was a diplomatic way of saying Beijing abhorred Trump.

China has reasons to do so.

It overtook US of A as the world’s most powerful nation in terms of financial assets.

There is only one nation in the world that would be willing to take on China due to domestic and security reasons – and that happens to be India.

China supports Pakistan and its terrorists for Beijing’s strategic reasons of curbing India’s growing ambitions to be a world power. The contrast is clear – Pakistan is the world’s poorest rogue nation and China is the richest!

The warning had come from The New York Times – way back in May this year.

The open admiration for Trump from Vladimir Putin [1] means quite a lot.

The latter is supposed to be one of the mainstays in BRICS.

When Trump takes charge, it would be interesting to see what his stand on Islam and IS actually means.[2] Whatever Trump ends up doing, could lead to the second polar part being headed by a new colour code – the green-tinted brown-skinned Muslims of the world.

The biggest victim could be BRICS.

Not many in the world know that the BRICS idea was basically born in American Wall Street’s holiest cow – Goldman Sachs [3] way back in 2001 and was called BRIC comprising Brazil, Russia, India and China – the then 4 major emerging markets of the world. The originator was Jim O’Neill [a.k.a. Terence James, Baron O’Neill of Gatley], then its assets’ management wing’s chief.[4]

On April 16 this year, a Canadian conservative paper revealed why BRICS would fail and fail miserably.

This means the composition of BRICS could undergo major changes.

Sooner or later, Brazil – with its new found love or the US of A would have to exit BRICS, say credible reports. It would have a new name – a kind of a takeoff on Britain’s exit from EU – BRAXIT. That is because of one twice-divorced woman – Dilma Rousseff. [5]

The highly corrupt Jacob Zuma of South Africadenoting the last initial ‘S’ in BRICS [6] could be another nation edged out – sooner or later.

Finally, the ‘C’ in BRICS – China – which continues to claim it is communist could be targeted by Trump.

Trump’s strongest ally in this could be India on the one side and Russia on the other.

But, Trump’s known mindset of making NATO allies pay for their protection could result in one nation that has the highest economic growth rate in the world – India as America’s biggest ally.

The pointer in that direction is the trip of Modi to Japan – the only nation to be nuked ever – that too by the US of A.

Sections of EU – need the Russian gas – cheaper than their own to keep their industries running. Thanks to Modi’s rapport with Putin and the latter’s known admiration for Trump, India could play the role of a powerful broker in modern-day geopolitics.

All this needs money and lots of it.

Modi seems to have embarked upon a sudden move to do just that. If someone sitting in one corner of India – poor old me – can guess this much, much more can be second guessed by think tanks in China and perhaps Islamabad.

Is that why a section of the Indian press suspected to be in the pay of the enemies of Bharat are trying to run Modi’s financial move down?

One pointer to the final denouement is that Modi is an avowed anti-communist. Though Putin had been one – he is against socialists in Russia.

So, will the letter ‘B’ that stands for Brazil be dropped or be substituted with another ‘B’ that stands for Britain?

Since China is against Trump’s foreign policy, will the ‘C’ disappear?

Will the ‘S’ then stand for South Korea?

Will other letters like ‘G’ [Germany] and J [Japan] be added?

The months to follow will provide some surprising replies.

However, let us remember that Britain’s PM Theresa May visited India before the currency withdrawal and Modi visited Japan immediately afterwards.

[1]

Vladimir Vladimirovich Putin is currently President of the Russian Federation since 7 May 2012. He was Prime Minister from 1999 to 2000, President from 2000 to 2008, and again Prime Minister from 2008 to 2012.

During his second term as Prime Minister, he was the Chairman of the United Russia Party, the ruling party.

A native of St Petersburg, Putin was a KGB foreign intelligence officer for 16 years who reached the level of Lt. Colonel.

Officers in the KGB had to be members of the Communist Party of the Soviet Union.

Putin opted for retirement in 1991 to enter politics, moved to Moscow in 1996 and joined President Boris Yeltsin‘s administration. Rising quickly through the ranks and becoming Acting President on 31 December 1999, when Yeltsin resigned, Putin won the subsequent 2000 presidential election by a 53% to 30% margin crushing his Communist Party opponent, Gennady Zyuganov. He was reelected President in 2004 with 72% of the vote. In September 2011, after presidential terms were extended from four to six years, Putin announced he would seek a third term as president. He won the March 2012 presidential election with 64% of the vote.

[2]

Few in the world know that IS was a creation of the West when Putin demanded more than the proverbial pound of flesh for the highly subsidised gas from central Russia. The replacement of that was supposed to be from the Middle-East, from Oman. The pipeline was to pass through Syria, from where Assad had demanded much more than what Putin had asked to allow the pipeline to pass through. In turn, the West discovered a tyrant in Assad to tackle whom a rag-tag army of freedom fighters called the Islamic State of Iraq and the Levant came into being. It turned out to be a worse Frankenstein monster than the CIA’s earlier creation – Osama bin Laden.

Osama was placed in Waziristan – the lawless Pak-Afghan border – under the ruse of displacing the Soviets from their occupation of Afghanistan.

The apparent motive bandied about was teaching democracy to the crazy Afghans.

But the reality was – accessing the mineral goodies – currently valued at US$30 trillion in Afghanistan – stuff that the combine of China and Russia hope to pocket.

[3]

On April 30, 2002, Goldman Sachs Group Inc faced charges of fraud. Accusations included its analysts’ misrepresentations that adversely affected the market price of securities. The firm paid $12,500,000 as settlement.

On July 15, 2003, facing a lawsuit for artificially inflating the RSL’s stock price by issuing untrue or materially misleading statements in research analyst reports, Goldman Sachs paid $3,380,000 for settlement.

[4]

O’Neill quit the British cabinet on September 23 this year. He is a British peer teaching economics in Manchester varsity.

[5]

Brazilian economist and the first woman to be President of Brazil, Dilma Vana Rousseff was born in an upper-middle-class household in Bulgaria, and is a former communist. She was  Brazilian economist and politician who served as the 36th President of Brazil from 2011 until her impeachment and removal from office on 31 August 2016. She is the first woman to have held that office.

The daughter of a Bulgarian immigrant, Rousseff was raised in an upper middle class household. She became a socialist during her youth and, following the 1964 coup d’état, joined various left-wing and Marxist urban guerrilla groups that fought against the military dictatorship. Rousseff was eventually captured, tortured, and condemned to jail between 1970 and 1972.

On 12 May 2016, the Senate of Brazil temporarily suspended President Rousseff’s powers and duties for up to six months or until the Senate reaches a verdict: to remove her from office if found guilty or to acquit her from the crimes charged. Vice President Michel Temer assumed her powers and duties as Acting President of Brazil during the suspension. On 31 August 2016, the Senate voted 61–20 in favor of impeachment, finding Rousseff guilty of breaking budgetary laws and removing her from office

[6]

Jacob Gedleyihlekisa Zuma was charged with rape and faced allegations of racketeering and corruption. He managed to get himself acquitted through his good offices in the National Prosecuting Authority of South Africa in 2005 and 2009. His financial advisor Schabir Shaikh too was convicted but also exonerated. The appeals are pending before South African courts till the time of writing. There are other arraignments. South Africa’s Public Protector Thuli Madonsela said Zuma’s rural homestead at Nkandla was an improper drain on the exchequer. The Constitutional Court unanimously held in 2016’s Economic Freedom Fighters v Speaker of the National Assembly that Zuma had failed to uphold the country’s constitution, resulting in calls for his resignation. It resulted in a failed impeachment attempt in the National Assembly.

India’s Demonetisation Tale’s Untold Parts

Prime Minister Modi’s sudden demonetisation trashing Rs.500 and Rs.1000 currency notes achieved many things.

The move successfully forced around Rs.8.5 lakh crores [US$128 billion] worth stashed ill-gotten wealth back into the economy.

Among other things, the step exposed the camouflaged meadow-snakes’ poison-dripping fangs.

The trashing of Rs.500 and Rs.1000 currency notes was the second surgical strike against Pakistan. Its singular success is the binning of the only flourishing business in Pakistan – printing of counterfeit currency – for the time being.

Reports reveal that Pakistan had pumped as much as Rs.20 lakh crores into the Indian economy to fund terrorism and cripple Bharat financially using diplomatic bags and human mules through Nepal, China, Bangladesh, Indonesia, South Africa and UAE, to name just a few.

According to intelligence inputs, the illegal currency funded sabotage in the Kashmir valley and encouraged Islamic fundamentalist terrorism in Muslim pockets of Telengana, Andhra Pradesh, Maharashtra, West Bengal, Uttar Pradesh, Bihar, Jharkhand, Uttarakhand, Madhya Pradesh, Tamil Nadu and Kerala.

Significantly, pro-Pak street protests in Kashmir have simmered down.

It also lined the pockets of what passes for ‘sections of the secular press in India,’ reports added.

Peeved at the loss and with nothing better to do, the anti-Modi channels are yelling blue-murder on the demonetisation issue.

Significantly, a huge cache of cash was being burnt in Uttar Pradesh. Some of the smoking embers have been recovered and sent for forensic tests to find links with Pakistani sabotage. This news disappeared from headlines almost immediately after it appeared for the first time. 

One probable reason is that the Modi regime does not want to give more credit to Pakistan than what has already been done. Further, such talk could trigger a run on Indian economy.

The cobra in the grass

My tweet early Wednesday: “Did anyone bother to notice [Union Finance Minister] Arun Jaitley’s silence on the surgical strike against black money?”

Operative portions of Jaitley’s mischievous response 10 hours later that has a lot of hidden meanings: [Jaitley’s statements are in a different colour for easy identification.]

“A lot of currency operating outside system will now have to get in to banking system”.

The unsaid part:

At least 48 hours before the demonetisation, there were serious attempts to turn some Rs.25,000 crores from black to white. Premiums amounting to 25% were on offer – in Chennai. This writer has personal knowledge of it.

Simply put, the ‘system’ is rotten, per se. And Jaitley propagates the rotten system.

“It will change the course of the way people spend and keep their money”.

Read between the lines:

Jaitley implied that moneybags would rethink on bankrolling the Bharatiya Janata Party [BJP].

“The new step is also of significant advantage.”

The tricky double-Dutch

The significant advantage has been introduced already. Small-time shopkeepers and/or housewives and/or other individuals can shove money into the banks in minor tranches – from Rs.5 lakhs to Rs. 40 lakhs. It would result in at least 35% of the ill-gotten stash to change colour and crawl back into the crannies of the economy.

It doesn’t nudge the economy in the direction of a cashless economy, but, significantly pushes it toward one.”

The Houdini act – to escape criticism – the reality:

There are no 100% cashless economies anywhere in the world.

There are only hopes – to achieve this utopian concept, or so said the Harvard Business Review some 4 months ago. Operative excerpts:

Denmark, Sweden, and Norway are already considering it, while the European Central Bank is considering getting rid of large-denomination bills.

Cash, according to a recent MasterCard study, accounts for nearly 85% of global consumer transactions.

Some of Sweden’s neighbours, in response to EU’s increasing regulations on restricting cash usage, are demanding a “constitutional right to pay in cashfuelled by concerns around negative interest rates and a perceived loss of privacy that comes with digital money.

Mobile payments today account for over 70% of all e-commerce transactions in China due to wallet wars among three major players – whose acronym is BAT. They comprise Baidu, Alibaba, and Tencent.

Keeping ATMs stocked and working properly is a cost to banks. These ATM maintenance costs are disproportionately high in many parts of the developing world, such as sub-Saharan Africa and Latin America , with myriad security and infrastructure challenges, as well as in geographically large, sparsely populated countries, such as Canada, Russia, and Australia, where the logistics challenges are high.

The absolute cost of cash to consumers, based on average transit time and cash access costs are high in some of the world’s most populous countries: Indonesia, Nigeria, Bangladesh, India, China, and the United States. They are high in many of the major European countries, such as Germany and France, as well as in Japan. These costs are lower in several Scandinavian countries with relatively entrenched mobile payments systems, such as Sweden, Finland, and Denmark, as well as countries with rapidly evolving mobile payment systems, such as South Korea and Kenya.

Countries in the developing world tend to have a greater tax gap and a greater degree of uncertainty about the reliability of the estimate of the gap. Developing countries have the largest tax gaps, with their shadow economies as large as 30%-44% of GDP. In India, for example, the tax gap could be as large as two-thirds of overall taxes owed.

The following countries have the greatest potential for unlocking value by policy and innovation led migration to a cashless society: U.S., Netherlands, Japan, Germany, France, Belgium, Spain, Czech Republic, China and Brazil. The U.S., for example, incurs a cost of $200 billion annually to keep cash in circulation; nearly a third of all store sales are still cash based despite its long history with plastic money

The second group that could go cashless in the long run includes parts of Eastern Europe such as Poland and Russia, and countries with large populations such as India, Indonesia, Mexico, Nigeria, Egypt, and the Philippines. Cash imposes severe costs on consumers in India and Mexico as we detail in our Cost of Cash studies

New Delhi’s 11 million inhabitants collectively spend some 72 million hours per year chasing cash.

Mexico’s small businesses suffer a 21% incidence of cash fraud — nearly twice the rate faced by larger businesses in the country.

“The government’s decision has given a sense of satisfaction among honest tax payers.”

The hidden prose:

Suddenly the middle-class with cash available on their declared returns would be in demand and make a killing – by merely circulating the ‘available balance on their cash-books to help money change colours and thus help financial villains.

“Long term advantage to the economy is significant. We appeal to the people to bear the minor inconveniences for the short period of time.

It is a big feint for a future sucker punch.

Ground is being prepared through this guarded statement on short-term inconveniences to assail the PM in the future.

Post script:

Question:

Will this end black money?

Answer: NO!  Persons with leeway in their income tax returns will make a killing by helping cash change colour from black to white and then to black again. Help could come from sources that owe allegiance to – of all people – FM Arun Jaitley!

Question:

Will Pakistan stop its misadventure?

Answer: No. The ISI goons will try to counterfeit the newer notes

Verdict

One should view the demonetisation exercise in the final analysis. The longer term reactions will be the ones to watch.