UPA’s corruption giving bad name to country: BJP

New Delhi, Oct 21 (IANS) Attacking tthe Congress over a US media report about payment of bribes to local officials in India by retail giant Walmart, the BJP said on Tuesday that the corruption of UPA is giving a bad name to the country.


“The revelation is damaging the image of brand India created by the NDA government. The corruption of previous regime is surfacing regularly giving a bad name to the country,” BJP spokesperson G. V. L. Narsimha Rao said at a press conference.

He also alleged that Congress is synonymous with corruption.

A US newspaper has reported that Wal-Mart paid millions of dollars as bribes to junior officials to help move goods through customs or obtain real estate permits.

In 2012, Wal-Mart disclosed that it had spent $25 million over a span of four years to lobby US lawmakers to help it gain access to foreign markets including India.


  1. ‘In 2012, Wal-Mart disclosed that it had spent $25 million over a span of four years to lobby US lawmakers to help it gain access to foreign markets including India.’ Law makers means members of parliament, and it includes all parties.

    The corruption of previous regime is surfacing regularly giving a bad name to the country,” BJP spokesperson G. V. L. Narsimha Rao said at a press conference.



  2. BN Pai-maam, namskara.
    Do you need further proof? Or are you just closing your eyes [like cat stealthily drinking milk by closing its eyes] when the corruption was perpetuated by your favorite & most corrupt Congress party ruled by dynasty which destroyed India after the British left after looting sufficiently?
    —————– Quote ———————————————————————-


    S Gurumurthy Published: 15th October 2015 07:42 AM Last Updated: 15th October 2015 04:53 PM

    To continue tracking the JD Group-Vasan-Chidambarams black money trail calls for moving back a little to move the story forward. The New Indian Express expose (P Chidambaram, Vasan Eye Care and Rs 223 crore Black Money TNIE, Sept 17, 2015) had cited two pieces of evidence of black money payments of Rs 223 cr by the little-known tax-fraudster JD Group to the well-known Vasan Eye Care for onward remittance to the Chidambarams. The cited evidences were: one, notes on black payments seized in the tax search on the JD Group; and two, the affidavit of M Srinivasa Rao, commissioner of Income Tax, before the Central Administrative Tribunal (CAT) saying the money has passed to the Chidambarams. In a knee-jerk response (TNIE Sept 21), P Chidambaram labeled the expose as “ridiculous” and “laughable”, more like a politician and less like a lawyer, without contesting the evidence tendered. Abusing the expose as ridiculous without refuting the facts is really laughable. In the next 24 hours, The New Indian Express (Sept 22) did slap its rejoinder to Chidambaram saying that he did not dispute, much less rebut, any of the facts. And now comes a devastating piece of evidence. Read on.

    CBDT Confirmation

    The new evidence is the counter affidavit filed by CBDT (Central Board of Direct Taxation) officials on August 18, 2015, to oppose Rao’s application to CAT. Express did not have access to it when it first exposed the scam. It now has the CBDT affidavit in its possession. Far from saying that Rao’s application is untrue, the CBDT affidavit threatens action against Rao for disclosing the facts! In Para 6 of its affidavit, the CBDT says that the information disclosed in Rao’s affidavit is prohibited under sec 138 of the Income Tax law “as it relates to the assessees and is held by the Income Tax Authorities in fiduciary capacity and is confidential in nature”.

    Now recall the information disclosed in Rao’s affidavit. Rao had revealed that a tax raid on JD Group in January had brought out black money of hundreds of crores of rupees paid by it to Vasan, which in turn had made it over to the Chidambarams. By saying that what Rao has divulged is prohibited for disclosure, the CBDT in fact confirms what Rao had said as true. The CBDT has reinforced it by saying that it intends to take action against Rao “for disclosing” the “confidential information” held by the department. The CBDT confirms three facts: one, the department does possess the confidential information forbidden for disclosure divulged by Rao; two, it holds it as trustee of the assessees and the disclosure by Rao is in breach of trust; and three, for disclosing the prohibited confidential information, the CBDT intends to take action against Rao.

    This new evidence nails Chidambaram’s lies on both black money and his family’s links with Vasan. Vasan and the Chidambarams are stealthily linked by the surreptitious pay-off in black.

    Karti-Vasan tie-up old story

    That the Chidambarams and Vasan had formal links is too old a story for Chidambaram to hoot “we have nothing to do with the concerned company” and scoot now. The news of Vasan-Karti link was in public domain over three years back. Only the pay-off in black to the Chidambarams via JD Group is current news. The relation between Karti and Vasan, open for a while, was for unknown reasons suddenly tucked under a corporate structure manned by his buddies. The Economic Times (May 11, 2012) first broke the story of Karti’s links with Vasan through two corporates — Advantage Strategic Consulting Private Limited (Advantage) and Ausbridge Investments and Holdings Private Limited (Ausbridge). ET reported that Ausbridge promoted and owned by Karti had almost fully, 95 per cent, acquired two-thirds ownership of Advantage, which in turn, had bought 5 per cent of Vasan’s equity. ET brought out how Karti got Vasan shares stealthily through Advantage at half the price that the others had paid for his shares. The throwaway price at which Karti’s Advantage acquired it implied and exposed the Chidambarams’ link with Vasan. ET also demonstrated how Karti’s 5 per cent holdings in Vasan, which had cost him just Rs 1.5 cr, was worth over Rs 250 cr as valued by the private equity industry when ET was writing the story in 2012. It also reported that when ET contacted, Vasan did not respond and Karti declined to comment. Chidambaram was the finance minister when Karti acquired Vasan shares in 2008 and in 2012 when the story appeared. Yet, he did not contest the report. Now he denies that his family had anything to do with Vasan and pretends as if his family has never heard of Vasan name – for him it is now “the company concerned”. Does Chidambaram not know now he is telling a lie?

    Windfall gains

    Now see how Karti camouflaged and hid his holdings in Vasan through Advantage and Ausbridge manned by his confidants. Karti, like most politicians, needed front companies, benamis and proxies, to do commerce. Among those fronting for Karti are: CBN Reddy (described as his benami by intelligence reports), Sundar Srinivasan and Mohanan Rajesh regarded as close to him. One Bhaskar Raman is described by intelligence reports as “close to Karti and knows all his secret dealings and investments”. Three more —Ravi Viswanathan, Padma Viswanathan, and Suchitra Rajesh, the spouse of Mohanan Rajesh— also figure in this list. They are the ones who double up and substitute for him as directors and shareholders of his front companies — Ausbridge and Advantage.

    Here is a more forensic picture of how Karti acquired Vasan holdings for a song. Dwarakanath, the father-in-law of Dr Arun, the perceived promoter of Vasan, acquired 3 lakh shares in Vasan, at Rs 200 per share on 29.10.2008. Within 24 hours, he sold half of it – 1.5 lakh shares – to Advantage, intriguingly at half that price. Advantage did not pay a single rupee even towards the discounted price till March 2010, when it paid Rs 50 lakh. The balance Rs 100 lakhs remains due, perhaps even Chidambaram was the finance minister then. Two years later, on 26.10.2010, Advantage sold 30,000 shares (out of the 1.5 lakh it had acquired at Rs 100 per share) at Rs 7,500 per share to Sequoia Capital India Growth Investments and made a killing of Rs 22.2 cr. At that sale value, the 1.5 lakh shares of Vasan held by Advantage would be worth Rs 112.5 cr. as against the investment of Rs. 1.5 cr.

    When it was paying Rs 7,500 per Vasan share to Advantage, Sequoia had already subscribed Rs 100 cr into Vasan’s Preference shares, which would entitle Sequoia, at any time it wanted, to over a million Vasan shares at Rs 912 per share. Why, when it could ask for a million Vasan share at Rs 912 per share, should Sequoia pay over eight times that amount to buy 30,000 Vasan shares from Advantage? Intriguing, isn’t it? What follows is something equally interesting.

    Probe must

    Within five months of Advantage making the windfall gain, on 25.3.2011, Ausbridge – almost fully owned by Karti since 2006 – acquired two-thirds of the ownership of Advantage, which had got the windfall gain. At what price? The existing shareholders of Advantage had paid Rs 77.5 per share before Advantage got the windfall gain. By the windfall gain, Advantage’s share’s break-up value had shot up to Rs 1,220 per share five months before Karti’s Ausbridge acquired it. Yet the Karti-owned Ausbridge got the shares of Advantage at – believe it – Rs 15 per share. Which was less than one-fifth of the price the other shareholders had paid and just a little over one per cent of the true worth of Advantage. See more.

    Ausbridge — read Karti — did not even pay Rs 15 per share in full. It paid only Rs 2.5 per share, the balance remaining outstanding. By Ausbridge investing just Rs 5 lakh in Advantage, Karti got to own two-thirds of Advantage whose net worth was over Rs 18 cr.

    Income tax law taxes this differential between Rs 18 cr and Rs 5 lakh. Has Ausbridge paid tax on it? If not, did the tax department look into it? Chidambaram was the all-powerful home minister at the Centre then. Immediately after Karti acquired two-thirds stake in Advantage, Rs 8.70 cr out of the windfall gain was siphoned out as investment in a Singapore subsidiary Advantage Strategic Consulting Singapore Pte Limited.

    Another interesting turn here. Within six months of Karti getting two-thirds stake in Advantage, on 5.10.2010, he transferred his entire (95 per cent) holdings in Ausbridge (with its two-thirds holdings in Advantage and its Singapore subsidiary) to his confidant Mohanan Rajesh. The price at which Karti sold his stake in Ausbridge to Rajesh is unknown. Had Karti transferred the Ausbridge shares at full value he would obviously have paid tax on the gain. Had he underpriced it, which is likely, he would have to pay tax on the undercharge. Has he? Did the tax department, which must have the information, demand tax on it? Chidambaram was then also the home minister.

    The circumstance of the transfer to Mohanan itself showed that the transferee only Karti’s proxy. Even after Karti suddenly disappeared from Ausbridge, the fortunes of Advantage continued to rise. During the year ended March 2013, Advantage again sold 30,000 shares of Vasan to Sequoia. It is not known at what price. It also received a consultancy fee of Rs 29.5 cr. Against, a total income of Rs. 39.8 cr for the year, it incurred expenses of Rs. 80 lacs only. The director’s report of Advantage says that no employee gets salary of more than Rs 2 lakh per month and yet the company gets a consultancy fee of Rs 29.5 cr! Who then worked to get such huge fee? Does it need a seer to say that Advantage is a proxy to receive and keep illicit monies of someone else? Did the department, led by Chidambaram as finance minister then, probe into whether such intriguing dealings are genuine?

    Karti’s hidden and proxy holdings in different companies, under-charged buying and selling, secret gains and his inexplicable appearance and disappearance from companies – all call for a through tax probe at the minimum. Underselling assets to Karti, the only son of a Central minister, would definitely need probe under the anti-bribery law. Even Chidambaram can’t dispute this. Will he will ask for a probe instead of making empty denials?

    Karti hid holdings behind benamis

    Karti hid his holdings in Vasan through Advantage and Ausbridge. Among his benamis were confidantes CBN Reddy, Sundar Srinivasan, Mohanan Rajesh, Bhaskar Raman, Ravi Viswanathan, Padma Viswanathan and Suchitra Rajesh.

    (The author is a commentator on political, economic and cultural affairs)
    —————– UNQuote ———————————————————————-

    Hope your conscience will wake up before it is too late in Kumbala.

    Pls read littel ore of current events to keep abreast of the political scenario & corruption, instead of behaving like Dev Kanth Baroah during the cunning Indira Gandhi-imposed Emergency days which most of the Cong-I chelas (including you) shamelessly still support!

    • “BN Pai-maam, namskara.Do you need further proof?” – asks Shankara!

      Dear Shankara, remember that now the BJP and RSS wield power and rule the country. When in the opposition they could go scot free just by making allegations. Shooting and scooting was their game plan.

      Now that they are in power, the BJP, the RSS and Modi can no more indulge in making allegations and sit tight. They must prosecute the accused in the court of law and punish them.

      Till they prove it, stop blurting non sense as you were accustomed to do in the past, and indulging “jugal Bandi” with Duplicate Pai of Original RSS and the man wondering “how could a catholic be accused of supporting RSS and Modi!”

  3. Dear readers,

    When India is still recovering from Muzaffarnagar communal riots started with slogans of ‘Bahoo beti bachao andolan’ by BJP now given another tone by sitting BJP MLA Yogi Adityanath into ‘rape dead Muslim Bahoo beti’

    The Indian American Muslim Council (IAMC – http://www.iamc.com), an advocacy group dedicated to safeguarding India’s pluralist and tolerant ethos, has joined in the outrage and revulsion felt by Indian Americans and people of conscience everywhere, over news reports that a Muslim woman’s corpse was dug out from her grave in Talheta village near the border of Meerut and Ghaziabad districts in Uttar Pradesh, according to Times of India (Oct 24). Her body was found without any clothes 20 meters from the grave. The police believed the ghastly incident was an attempt to stoke “communal violence” in the region.
    It may be recalled that in March 2015, video reports showed BJP MP Yogi Adityanath presiding over a Hindutva supremacist rally, where calls were made to rape dead Muslim women.

    Reported Rape of Dead Muslim Woman Evokes Anger, Revulsion Among Indian Americans

    Yogi Adityanath’s Men Telling Hindus To Rape Dead Muslim Women Is Beyond Shocking

    Rape Dead Muslim womens_ Yogi Adityanath men

    The ‘Khamoshi’ mantra of PM Modi has emboldened the Yogi,Sadhus from his ‘Good governance’ to shame the India further, where dead soul dug out from grave to preyed like hungry wolves by Bahoo beti protectors doing their rounds of ‘Moral Police’.

    Is these MP’s worth leading India which maintained its centuries old of beauty of ‘Diversity’ and ‘Unity’. Why PM Modi is silence?

    Shame to Modi’s government who can’t act against his MP who is openly preaching degradable thoughts to the society in full public view?

    It is time to submit official complaint to Human rights rights and UN.

    Jai Hind

  4. Unity in diversity pride of India: Narendra Modi

    Dear readers,

    Over 350 Indian, International Artists Join Chorus Against Intolerance, Hate


    After scores of award winning writers and intellectuals and eminent scientists and academics, now it is the turn of India’s finest artists and cultural figures to join the growing chorus against intolerance and hate in the country.
    More than 350 popular artists and cultural figures based in India and around the world came together to issue a strongly worded call against the growing intolerance and alarming rise in attacks on intellectuals, artists and minority communities across the country.
    “The artist community of India stands in firm solidarity with the actions of our writers who have relinquished awards and positions, and spoken up in protest against the alarming rise of intolerance in the country. We condemn and mourn the murders of M.M. Kalburgi, Narendra Dabholkar and Govind Pansare, rationalists and free thinkers whose voices have been silenced by rightwing dogmatists but whose ‘presence’ must ignite our resistance to the conditions of hate being generated around us,” said the statement.

    Former PM Vajpayee ‘Ram Rajya’ may have already forgotten by PM Modi,the ‘Chambal Raj’ very much evident.

    Jai hind

  5. Unity in diversity pride of India: Narendra Modi

    Dear readers,

    The beauty of India’s ‘unity’ is still persistent to maintain its unique ‘diversity’.

    #AwardWapsi: Now 12 Filmmakers Return National Awards


    The row over the appointment of controversial BJP politician Gajendra Chauhan as the chairman of the Film and Television Institute of India turned on its head with more than 12 filmmakers, including senior documentary filmmaker Anand Patwardhan and Bollywood new wave filmmaker Dibakar Banerjee, announcing their decision to return their National awards, India Today reported.

    The decision came on a day when the protesting students threw in the towel and offered to attend classes but under protest. The list of filmmakers who have announced their decision barring Patwardhan and Banerjee are Paresh Kamdar, Nishtha Jain, Kirti Nakhwa, Harshvardhan Kulkarni, Hari Nair, Rakesh Sharma, Indraneel Lahiri and Lipika Singh.

    The filmmakers, who were addressing a press conference in Mumbai, also condemned the murders of rationalists including that of MM Kalburgi and Govind Pansare.

    PM Modi’s government is quick to reverse porn ban otherwise it could severely impact electoral prospects of BJP in urban areas mostly among the youth.

    The increasing intolerance has been growing faster and LK Advani prediction of ‘Emergency’ can’t be ruled out.

    The government quick to realise that they can’t deliver ‘Aache Din’, so they lifted porn ban for ‘achhi raatein ‘ to do some ‘Yoga’ to keep Indian culture of Kama Sutra.

    Jai Hind

    • “The government quick to realise that they can’t deliver ‘Aache Din’, so they lifted porn ban for ‘achhi raatein ‘ ”

      Shaken Shake Turkey, How low you can stoop is evident from your above post. Since you are as it is normal to you “ignorant” about the facts.
      BJP wanted ban on porn , but Supreme court has not allowed it as per wish of sickular and liberal people of Congie origin and as per the wishes of staunch supporters of free porn like you.
      So why shed crocodile tears?
      Coming to you comment “to do some ‘Yoga’ to keep Indian culture of Kama Sutra.”
      Will you be able to elaborate about the origin of the below quote? It is from one of your own religious books!

      “Narrated Zaid bin Khalid Al-Juhani:
      I asked `Uthman bin `Affan about a man who engaged in the sex**** inter****** with his wife but did not discharge. `Uthman replied, “He should perform ablution like that for the prayer after washing his private parts.” `Uthman added, “I heard that from Allah’s Messenger (ﷺ).” I asked `Ali bin Abi Talib, Az- Zubair bin Al-`Awwam, Talha bin ‘Ubaidullah and Ubai bin Ka`b and they gave the same reply. (Abu Aiyub said that he had heard that from Allah’s Messenger (ﷺ) ) (This order was canceled later on so one has to take a bath. See, Hadith No. 180).

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