Wednesday, May 06, 2009

Corporate Terrorists

S.O.S - eVoice For Justice - e-news weekly

Spreading the light of humanity & freedom

Editor: Nagaraj.M.R....... vol.5 . issue.19 .........09/05/2009


Corporate fraud is nothing new to india , satyam company is just a new addition to it. Satyam co was able to commit such a huge fraud & keep it under wraps for years goes to prove the honesty , integrity of our public servants , government officials belonging to SEBI , RBI , tax dept , pollution control , labour depts. , etc & the honesty of auditors & company secretaries. Ofcourse , still there are few honest people in public service , auditing & company secretaryship , but majority of them are hand in gloves with corporate criminals. Definitely , this fraud will also be brushed under the carpet after certain time as other frauds happened , afterall these frauds are the money spinners for political party funding , mafia , underworld & other criminal activities.

IN INDIA , government reports , records , everything can be bought for a price. During Karnataka lokayukta raids huge wealth amounting crores of rupees were found with each of the corrupt government officials like police , engineers , tax officials , etc. How those government officials with few thousands of salary earn so much , by compromising with their government duties , by creating fake government reports , records , etc . The government & the courts of justice treat those government reports , as sacrosanct like TEN COMMANDMENTS DIRECTLY FROM THE MOUTH OF GOD HIMSELF.

The CORPORATE CRIMINALS & RICH CRIMINALS buy favourable government reports , records from the government officials commit bigger crimes , escapes from legal prosecution by proving their innocence , honesty with the aid of BOUGHT GOVERNMENT REPORTS & RECORDS. The courts of justice lacks broad vision , it has only narrow vision as a riding horse’s vision is narrowed . courts of justice is only bothered about technicalities , evidences , records , it lacks the spirit of QUEST FOR TRUTH , it lacks truth finding mechanism out of massive reports , records , evidences. The rich criminals are in a position to manipulate , buy out evidences , government reports , so definitely they will escape from hook. Today , I can convincingly state that our legal system is such that , even the terrorists who attacked our TEMPLE OF DEMOCRACY - THE INDIAN PARLIAMENT will be let free , when they can fully buyout evidences , reports , etc.

In this backdrop , the corporates technically maintain clean public image although privately they are frauds , criminals. If anybody makes a statement of truth against them , those corporate criminals will slap defamatory & other criminal charges against such persons. The courts of justice upholds the claims of not the speaker of truth but the corporate criminals , on the basis of bought evidences , government reports. The courts doesn’t go into the truthfulness of those reports , evidences & sends the speaker of truth to prison. If any person has made any complaints of fraud against Satyam Co , two months back he would have definitely faced criminal prosecution & jail term. As all the records , auditor reports , company secretary report , reports of ministry of company affairs , reports of tax departments , everything was in it’s favour. The courts are only bothered about evidences , records which were all in satyam’s favour , the courts are least bothered about quest for truth & justice. In this manner in India , there are hordes of private companies where frauds have taken place & taking place & wiil be.

Just recently after Ramalinga raju’s own statement , does it became public that the reports of auditor , company secretary , related governmet records are all false. Base linbe everything was bought. Do remember that whether it is SATYAM FRAUD , ENRON SCAM or XEROX SCAM , those were not found , revealed either by our investigating agencies or the government. Satyam’s Fraud came to light due to pressure created by the recession , market forces on the company’s promoter Mr.RAMALINGA RAJU & his resultant confession , Enron scam was unearthed by US investigators in USA during the corse of their investrigation , It is the same with XEROX Co . till those revealations , those companies were good , legally abiding cos in govt records. THAT MEANS THEY HAVE BOUGHT OUT INDIAN LEGAL SYSTEM EFFECTIVELY.

In this manner , in India most of the entrpreneurs small shop owners to big corporates buy out tax officials , labour department officials , pollution control board officials , etc & openly indulge in unfair , illegal trade practices , labour practices , legal violations , etc , still go unpunished , as as per book , the government records they are law abiding , persons , corporates.

Entrepreneurs , promoters of big corporations collect public money either through shares , debentures , bank loans or all . so ideally public are also stake holders in such companies . The criminal entrpreneures , promoters siphon-off companies resources in various ways like selling company assets to their sister cos at a lesser value or purchasing assets from sister cos at a higher value , giving loans to sister cos at low interest rate or taking loans from sister cos at higher interest rate , etc. in this way they siphon-off resources of public companies / enterprises with bank loans to their own family owned sister cos. We at e-voice of human rights of watch are ready to catch such corporate criminals & help the government , ofcourse subject to conditions , are you ready ?

In india , tax compliance is worse. In our criminal justice system, there is rigorous imprisonment for a pick-pocketer stealing Rs.10. even the authorities spend thousands of rupees in legally prosecuting him & the thief spends a year or more as punishment behind bars. Where as there is no commensurate investigation nor legal prosecution nor punishment for corporate thieves , evading tax to the tune of crores of rupees. In contrast, those tax thieves pay a part of that booty to the ministers & political parties and get crores of rupees tax exemptions , incentives from the government. Government is rewarding corporate criminals.

The tax officials of central & state governments are hand in glove with these corporate criminals & traders. For a price, they are helping corporates & traders in evading tax. Most of the tax officials are wealthy & leading luxurious lifestyles , much beyond the scope of their legal income. The black money thus generated every year by tax evasion , is many times more than our total annual budget allocation. As a result, all our fiscal reforms fail & inflation is soaring. This black money is the source of illegal funding of political parties , terrorist outfits & underworld. It is a greater threat to national unity & integrity.

Both the central government & karnataka state government have failed to collect the full , actual tax dues from corporates & traders. As a result , the governments don’t have enough money in their coffers even to provide basic needs like health care , education , safe drinking water , etc to the poor & needy. For every Rs.100 tax evaded , one poor patient is dying without medical care , 10 poor persons lack education , 100 persons don’t get safe drinking water , 100 persons barely survive on a single piece meal per day , 20 persons starve. Most of The government officials , ministers & people’s representatives who have deliberately failed in their duties of tax collection & welfare of poor citizens , SHAMELESSLY indulge in luxurious lifestyle at the expense of poor tax payer . they live in paltial bungalows , chauffer driven AC cars , all living food expenses paid by exchequer , dine at 5-star hotels , only drink bottled mineral water , eat non-vegetarian dishes , drink alcohol sitting before mahatma gandhi’s photograph & preaching mahatma’s ideals. Mahatma preached & practiced simple living , vegetarianism & he was teto teller , he paid for his expenses from his earnings . these public servants are parasites , who are making merry at the expense of tax payer.

Some non government organisations ( NGO) have formed trusts and under the aegis of those trusts are running educational institutions , hospitals , community halls , etc , in the name of providing free / subsidised services like education , health care , etc to the poor. It is only in record books , they conduct fake medical camps , self employment training camps . in practice they are running these educational institutions , hospitals & community halls as commercial enterprises & collecting huge fees. they are not even remitting full fees collected to the trust account & swindling the money. no outsider is allowed to become a member of these NGOs , only their cronies & their family members are in these trusts.

Numerous NGOs promoted by religious bodies , mutts are swindling public & government money to the tune of crores of rupees. Nobody dares to question the heads , pontiffs of these mutts , as at his feet VVIPs , ministers fall down. These religious bodies are hot beds of fundamentalism , terrorism & mafia. Hwere is the accountability of religious bodies & political parties in india ?

Inspite of bringing specific cases to the notice of authorities , they are mum ? hereby , E-VOICE FOR JUSTICE offers it’s services ( subject to conditions ) to the governments of india & karnataka , in apprehending the criminals – tax evaders. Are you ready mr. singh sir & mr.Yediyurappa sir ? If you are ready to do your duty look into the following cases , take appropriate action & kindly inform me about the outcome.

Jai hind.vande mataram.

Your’s sincerely,


CRIMES OF RBI & CBI & IT’S COVER-UP - An appeal to honourable supreme court of India

The central bank of India Reserve Bank Of India , which is supposed to direct the fiscal policies of government of India , has failed to do so. It has enabled many looters in the garb of entrepreneurs , to swindle the exchequer to the tune of crores of rupees. The premiere investigating agency of India CBI has failed to nail the culprits.

Hereby , I do request the honourable supreme court of India to treat this as a PIL application & to provide speedy justice in following cases.

Read the article “Crimes @ RESERVE BANK OF INDIA” @ , ,

Read the article “PF scam shame shame judges” @ ,


Complete case details also available at

As per allegations of RBI management Bangalore in 1977-79 , criminal nexus of RBI employees stole Rs. 220000 from RBI Bangalore. All the banks , government treasuries in Karnataka , submit defaced / soiled currency notes to RBI Bangalore in exchange for good notes. RBI after collecting such defaced currency notes , sorts out fairly good notes which can be reissued & burns off the remaining totally defaced currency notes. All these process is done in a systematic manner.

As per allegations of the management , the crime took place in the period of 1977-79 at RBI Bangalore. A nexus of employees, took away the currency bundles meant for destruction & substituted it in the place of bundles of reissuables.

Charge sheet issued by RBI Bangalore office to mr.G.Hariram Staff no.3698/156/84-85 dt 1 april 1985 Amended charge sheet staff no 3798/156-84/85 dt 8 april 1985

CBI has charge sheeted 17 employees in connection with this case , case olde no. cc34/1989 new no. sc 436/1991 . the honourable 21 city additional city civil & sessions court Bangalore in it’s order dated 24.01.1992 discharged 03 charge sheeted employees , as the prosecution failed to prove the charges against them. They came out clean , as they were innocents saddled with the crime done by others. One of the charge sheeted employee who turned approver for the prosecution, has given detailed account of the crime. Nowhere he has mentioned the involvement of accussed no.15 mr.G.Hariram in the crime.

Even after coming out clean, mr.G.Hariram was not reinstated into service by RBI. They gave the ruse of domestic enquiry & showed contempt to the court order. On appeal, the honourable high court of Karnataka ordered RBI to review it’s order with respect to mr.G.Hariram , still RBI failed to reinstate mr.G.Hariram into service , once gain showing contempt to the court of law.

In India as per law , the decisions of court of law are binding on all , orders of court over rides the organisation’s internal rules , service rules , etc. inspite of lack of evidences, in a whimsical manner the higher authorities of RBI , fixed some innocents as the scape goats heaped all charges against them ( against whom they had personal grudge , dislikes ). RBI repeatedly showed contempt to the court orders , dismissed the scape goat - ailing old man mr.G.Hariram from service. RBI snatched away his PF money towards the alleged loss to the bank , didn’t pay his gratuity amount , salary arrears and finally he was even deprived of the pension. As a result , the old man has even lost his social prestige, dignity , his family suffered a lot & he is a mental wreck today.

Why RBI authoroties are hell bent upon to send away the innocents / scape goats away from service ? why CBI didn’t conduct polygraph tests of all the accussed , specifically higher officers of RBI , managers of RBI office Bangalore ? probably the scape goats were aware of the crimes master minded by higher ups & didn’t co-operate with the higher ups in their crimes. So, the criminals were afraid that the scape goats will blurt out truth to the world , fixed non co-operating innocents themselves as criminals.

Who will give justice to innocents like old man mr.G.Hariram & who will bell the corrupt , criminals , fat cats of RBI ?


In “ mysooru mithra” a kannada daily dated 15/06/2005, the editor has written about a copy of the complaint made by Transparency International India-Bangalore to central vigilance commission of india.

In indian banks , there is a strange practice that whenever a cheque is put before the clearing house by a bank, the clearing house sends that cheque to the service branch of bank paying. The service branch then sends that cheque to the appropriate bank branch for deduction of cash from the cheque account. In this travel , if the cheque is lost or misplaced midway, the service branch pays out of it’s suspense account to the cash collecting bank. Logically, afterwards the service branch must initiate a thorough inquiry, get authentication from both persons one who gave cheque & other who collected cheque. Finally, the money must be transferred from the account of cheque giver to the suspense account.

However , upto 1997 two branches of state bank of india in bangalore & overseas branch sufferred from frequent loss of cheques totally amounting to RUPEES THREE THOUSAND TWO HUNDRED CRORE. In all cases of cheque loss the bank has paid out of suspense account, totally amounting to Rs.3200 crore. However the bank has not initiated any enquiry to recover that amount from the cheque givers.

In the 1997 internal audit report of the bank itself , this has been clearly pointed out. Till date, even the central vigilance commission has not initiated any action about it. A member of central vigilance commission happens to be ex-chairman of state bank of india.

It is just an instance of two branches of SBI, what about hundreds of branches of SBI, what about thousands of branches of other public sector,private sector & co-operative banks. It is fraud,fraud,fraud all the way. Few months back to cover-up the crimes of global trust bank ( GTB) , it was taken over by oriental bank of commerce ( OBC).

While sanctioning a loan of just Rs.10000 to a common man , he has to comply with lengthy legalities. If he defaults, bankers breath down his neck, bankers send rowdies in the form of recovery agents to humiliate the common man & his properties are auctioned-off, finally all dues to the last penny are recovered. In most of the cases bankers even force the defaulters to commit suicide. However influential persons easily gets loans amounting to hundreds of crores of rupees, coolly defaults, siphons-off the funds & shuts his shop. No recovery at all , just it becomes a non- performing asset (NPA) in the bank ledger. The total NPAs of all public sector banks is more than Rs.80000 crore. This burden is spead over the crores of hapless indians.

The government takes pride in murdering forest brigand veerappan. The ill-gotten wealth of veerappan is not even pea nuts before this huge amount. Remember past finance scams – MS SHOES, HAWALA, HARSHAD MEHTA SHARE SCAM, KETAN PAREKH SHARE SCAM, UTI, etc. totally in all these scams billions of dollars of public money have gone to the coffers of criminals. These scamsters put veerappan to shame in their turnover. However the government is not even exhibiting a fraction of it’s ELIMINATE VEERAPPAN DRIVE against these scamsters, why?

In india, both central & state government tax/ revenue officials are neck deep in corruption. By, taking bribe they make lower assessment of income, gains, etc & spare businessmen from the tax payment. The government in return for favours received from lobbies, gives tax exemptions to them at it’s sweet will. All these scams & it’s cover-ups are insider jobs. The government is not interested to collect, recover it’s own monies amounting to billions of billions of dollars every year. However our 5- star leaders living at the expense of tax-payers, go-on foreign jaunts with a begging bowl for a few lakhs of dollars. What a shame?

More than 50 billion indians are barely surviving on a single meal per day & hundreds are dying due to starvation, billions don’t even have basic necessities of life. If the government even just collects a fraction of it’s dues from scamsters, defaulting industrialists – people won’t die of hunger in india. Has this enlightened our thick skinned netas ?


An age old saying – AS THE KING SO DOES THE SUBJECTS. In india various financial scams, crimes & it’s cover-ups have taken place amounting to billions of billions of dollars have taken place, made possible , just due to the involvement of the king – the netas & government officials themselves in the shameful act – the crime.

The tax officials are utterly corrupt, the wards of these officials spend double their pappa’s salary just during weekends. Now, realise their financial might. These ill-gotten wealth is destabilising our economy & might have even found it’s way into the hands of underworld, terorrists. INDIA WILL BE DEFEATED FROM CRIMINAL FORCES WITHIN LIKE THIS NOT FROM THE EXTERNAL FORCES.

Hereby, the HRW urges you to make public:

1. the financial worth of finance minister to tax official at circle level, on annual basis including his spouse’s worth & property details.

2. to make public the NPAs, losses & monies under litigation by both private & public sector banks annually.

3. to make public measures taken to recover these monies.

4. to publish annual accounts with complete details of discretionary funds allotted to the defence ministry, president, prime minister, chief ministers , governors & intelligence agencies.

Public want to know whether proper discretion is being applied while spending.

CORPORATE CRIMES & CORRUPT PUBLIC SERVANTS – Root cause of naxalism , terrorism in India

The corrupt public servants together with corporate criminals are looting the state exchequer , looting the resources which rightfully belongs to all the people , public. Thereby, making those public utterly poor. This has created a wide chasm between few utterly rich people & crores of utterly poor. This has generated lot of socio- economic problems in India. The ill-gotten money , black money thus generated is funding the organized crime. As a result , Some of these poor people are finding the solution to their poverty in the wrong way of naxalism , terrorism , religious fundamentalism , caste movements , etc. It is futile.

The government is trying to tackle the problem of naxalism , terrorism by violence , instant justice like fake encounters , 3rd degree tortures , lock-up deaths , etc. why not government meating out instant justice to corporate criminals & corrupt public servants ?

Both government & public must respect law & democratic norms . The government must aim at the root cause of these problems , like providing realistic displacement packages to project displaced persons , ensuring proper supply of ration through PDS in ration shops , ensuring proper implementation of food for work programmes , ensuring proper free medical care & free supply of medicines to poor in government hospitals , to strictly eradicate corruption in public service & to strictly enforce corporate accountability in India. However , the government is not sincere in it’s objectives or intentions.

Our publication has appealed to the authorities numerous times seeking justice about corporate crimes , still there is no word called justice , why this delay by authorities.


Even in ordinary branches of banks , the safety locker room keys & currency chest room keys are with senior managers only. with advance of technology various electronic gadgets like burglar alarms, user id & palm readers are in use. It is quite shocking to know that , in high security RBI CURRENCY PRESS , mysore these gadgets were not in use & the keys were easily accessible to ordinary security guards. Also, in mysore press there is no proper accounting practices for blank papers issued for printing , after printing is done accounts of accepted notes & rejected notes is not at all kept. CBI is putting the whole blame on an ordinary security guards & hurrying to close the case. The repeated thefts are not at all possible by security guards alone without the help of insiders / higher executives. CBI is trying to fool whom?

Even with respect to my complaint regarding recruitment scandal complaint no: DPG/B/2005/80049 (2) (RBI) new complaint no: DPG/Z/ 2005/90040, neither CBI nor secretary ( finance sector ) department of economic affairs government of india nor the RBI governor has taken any steps till date , why?

Hereby, eVoice urges the honourable union finance minister & CENTRAL VIGILANCE COMMISSION to look into the matter & to provide speedy justice to all concerned.

C.B.I COVERING UP THEFTS IN R.B.I Lie detector tests for C.B.I officers ?

Nowadays even free e-mail accounts need password to operate, to operate a bank locker there are multi level security settings. However , it is ridiculous, unbelievable to note that in the high security reserve bank of india currency note press mysore, there were no different key sets , palm readers, pass words, no different authorised persons, no troops of security guards, to access the area.

Just only one security guard- a constable. It is a cock & bull story of C.B.I, that all alone a single security guard stole the booty. There must be a crime syndicate. The C.B.I officers themselves must be subjected to polygraph, brain mapping tests to know why they are lying , to cover-up whom? The C.B.I has not answered previous questions raised by HRW. The C.B.I must answer the following questions :

1. who were responsible for selling the good printing machine at security press nasik to scamster karim lala telgi as scrap ?

2. who recruited the candidates below merit rankings in R.B.I for what criminal roles ?

3. how many irregularities have taken place in R.B.I till date ?

4. who is responsible for installing, operating & supervising the security set-up in R.B.I ?

5. how the raw materials ie number of paper sheets, ink, etc are accounted for in inward stores & while issuing for printing ?

6. how wastages, scrap of ink , papers , etc in the printing process are accounted for?

7. How the finished goods ie currency notes are accounted for ?

8. Who keeps physical figures & possession of goods, inventory of all the above?

9. How the scrap paper is disposed off ?

10. From security angle who keeps track from start till dispatch ?

MEGA FRAUD BY GOVERNMENT OF INDIA – Rs 85 000 crore tax arrears waiver + non performing assets of banks to the tune of Rs. 200 000 crore

- An appeal to Honourable Supreme Court of India

India has become an IT power , taken giant strides in the field of science & technology. More & more MNCs are investing in India. However due to our skewed , corrupt economic system , lack of accountability on the part of corporates & public servants – a wide chasm has been created between the ultra rich & the poor , the fruits of development has all been usurped by the rich & mighty. This is the basic reason for growth of black economy , growth of naxalism , terrorism & underworld in India. As per a recent study by UN organization , majority of Indians ie more than 50 crore Indians are barely sustaining on Rs.13 per day earnings , a whole family depends upon Rs. 13 , they are struggling to get just single meal per day. People are starving to death , farmers are committing suicides , people are selling their own children for a bag of grains. Whereas , corporate biggies , public servants are leading luxurious lifestyles , having big parties full of drinks , non-veg foods not at their papaa’s expense but at the expense of public exchequer , out of the tax dues , loan repayments cheated to the public exchequer.

The banks insist on matching collateral security even for self employment / educational loans by poor for an amount of Rs.5000. if the loans are not paid in time , rowdies / recovery agents are sent by banks to collect the amount by muscle power. As a final step , banks auction-off properties of collateral security to recover it’s dues. Even, the tax authorities mercilessly extract tax dues to the last penny from the middle class.

The same banks, overestimate the project cost of corporates , overestimate the project feasibility & it’s worth and coolly extend hundreds of crores of rupees loans without matching collateral security. The banks extend overdraft facilities without matching collateral securities , to these corporates. When loans are not repaid, no rowdies are sent by banks. The promoters , directors of such tainted corporates drain – off the companies resources cunningly through insider trading , finally making the company sick. Such companies don’t pay taxes , electricity bills , water bills , etc properly to respective authorities. The authorities are deaf , dumb & blind to all these actions of such corporates. At the end , banks write-off such loans as non performing assets (NPA) & file case before courts for recovery of dues. Even if the properties of collateral security are auctioned-off dues cann’t be fully realized. Finally public money is swindled . ALL THIS IS POSSIBLE DUE TO THE CONNIVANCE OF KEY BANK OFFICIALS , TAX OFFICIALS WITH CRIMINAL CORPORATES SINCE THE INCEPTION OF SUCH COMPANIES . THIS ALSO POSES UNFAIR COMPETITION TO HONEST CORPORATES. How to stop this ? by making corporate accountability ,accountability of bank , tax officials more stringent with penal provisions . afterall , they are playing with public money not their papa’s property.

Already , by the connivance of public servants , bank , tax officials we have witnessed many scams like harshad Mehta , ketan parekh , hawala , etc and more than Rs. 2000000 crore NPAs are on the books of the banks. Now, the government of India is planning to waive-off tax arrears of corporates to the tune of Rs.85000 crore , why ? read vijaya Karnataka kannada daily dated 04th January 2007. just look at this in the backdrop of “QUESTIONS FOR MONEY BY SOME MPs” and “MP LOCAL AREA DEVELOPMENT FUND ALLOCATION FOR A PRICE SCANDAL”. The government is always unresponsive , careless towards the sufferings of poor , however it is always on toes to help out corporates that too criminal ones but not honest corporates. Why ?

eVoice has extended it’s services to GOI months back itself , to apprehend tax thieves , till date there is no reply from GOI , why ?

Hereby , E-VOICE requests the Honourable Supreme Court of India to order GOI ,

1. to make necessary amendments to companies act , to make the promoters , directors of the corporates personally accountable for all their actions. 2. to constitute committees consisting of public persons with powers to scrutinize & verify all the actions of corporates for insider trading like – selling products , materials , shares to their sister concerns at discounted prices or buying products , materials , shares from their sister concerns at inflated prices or lending loans at discount rates to their sister concerns or taking loans from their sister concerns at high rate of interest or loaning materials , machines to their sister concerns , etc. 3. to constitute committees consisting of public persons , to scrutinize & verify the annual personal tax returns filed by key bank officials & tax officials , who have amassed riches & leading luxurious life styles much beyond the scope of their legal known sources of income. 4. to recover all tax dues , loan dues , etc from the corporates from the personal properties , wealth of promoters , directors of such companies. 5. to put behind bar the key bank officials who have helped the corporates in swindling public money by overestimating project viability , worth and by overlooking the insider trading of promoters and still extending loans to them. 6. to put behind bars tax officials who have helped such corporates in swindling public money. 7. to take all the necessary help from public like as services extended by eVoice in apprehending tax thieves. 8. to recover & protect public money at any cost. 9. to confiscate all money , properties possessed by directors of such criminal corporates & properties of corrupt bank , tax officials , public servants. 10. to declare illegal black money kept by corporate criminals , politicians , etc in the banks of tax haven countries like Trinidad , Mauritius , Switzerland , etc as national property of India , as public property of government of India & to secure that money to Indian exchequer.

SC poser to govt over black money

NEW DELHI: The Supreme Court on Monday asked Centre to look into the feasibility of registering criminal cases under provisions of the Money

Laundering Act to get information from the Swiss government on the unaccounted money parked in banks and financial institutions there. A bench comprising Chief Justice K G Balakrishnan, Justice P Sathasivam and Justice M K Sharma sought explanation from the government as to why not even a single individual has been interrogated in the last five years in connection under Money Laundering Act and illicit money parked abroad. Senior Counsel Anil Diwan appearing for petitioners Ram Jethmalani and others in his written submissions said: “The most important factor is that not even a single individual has been apprehended/interrogated by the government or UOI in the last five years in relation to money laundering and slush funds from illicit funds parked abroad.” Alleging blatant inaction in Hassan Ali’s case, Mr Diwan said: “Why has the source of money of such large amounts not being investigated under Prevention of Money Laundering Act, 2002?” “Prima facie this (Ali’s case) is a clear case which can be brought under the Money Laundering Act. It is clear that the Swiss authorities would be bound to disclose information, if criminal cases were initiated against him apart from tax evasion,” said Mr Diwan. Mr Diwan alleged: “It is not unreasonable to infer that UOI is interested in protecting powerful individuals who may be using Hassan Ali and his wife as nominee/benamindar.” When additional solicitor-general Gopal Subramanium objected to the plea, Justice Sharma said: “Money Laundering Act could be applied to try such cases.”


We condemn the brutal massacre by police on farmers – who are going to loss all their lands , sources.of livelihood for the sake of special economic zones , industrial parks , etc in various states of India.

In every mega projects undertaken by government , both the state government & central government have functioned like REAL ESTATE / COMMISSION AGENTS for the rich & mighty . the government says it is acquiring lands for development of industries , for public good. In reality there is only good of rich & mighty.

For forming S.E.Zs , corporates gets speedy single window approvals from government , lands at concessional rates – lower than market value , soft loans from Indian banks , tax exemptions for years from the government , dedicated power supply , etc , from the government . these corporates are even given free hand to raise share capital in the Indian market. the government has enacted flexible labour laws specifically for S.E.Zs , they can hire & fire without bothering to pay gratuity , etc and they are exempted from providing P.F / E.S.I coverage to their employees ie they need not worry about the occupational health hazards of their employees , they can employ them till they are fit & throw them on streets afterwards. These corporates take our own money, employ our own people , use our own natural resources & finally take away the net profits to their home countries – what they give back ? – environmental pollution , tax evasions , low paid occupational hazardous jobs to locals , stock market scams .

During Previous License Regime foreign, investment was not directly welcome in India. As people at that time perceived it as “Neo colonisation” & detested it. There were various restrictions on foreign investments. The local industrialists under monopolistic environment thrived, who were no way better than day light robberers, of course with a few exception. Under the political patronage, the cunning industrialists looted public money, cheated the government of tax, cheated lending banks & cheated the investors too. They easily flouted labour laws & made labourers to work in inhuman conditions.

During 1990’s under the international pressure India signed GATT & slowly started opening it’s economy. Now, from 01/01/05 even product patent has come into force in India. Are MNCs bringing high technology intensive industries to India? No, not at all. They are actually denying sophisticated technologies to India. They are only bringing the FMCG industries - salt, chips, ketch-up, colas, for which India is a huge home market. They are into services like Hotels, medical care, marketing. In other cases, they are just marketing the products manufactured at their bases in U.S.A. or Europe.

They are not bringing in new production technologies in the areas like space research, nuclear energy, bio-technology, pharmaceuticals or pollution control, to India. Also, some MNCs are relocating their highly polluting industries to India, as they are subjected to stringent environmental protection standards in their own home countries. Whereas, In India the Government is highly corrupt & can be bought for a price. The attractive points for foreign direct investment (FDI) in India are,

1. There is lack of comprehensive environmental norms.

2. The enforcement of environmental norms is lax.

3. The cost of health coverage, social security net to be provided to the workers exposed to the occupational hazards is less.

4. The cost of compensation to be paid to the persons-who died or suffered damages due to occupational hazards/environmental pollution is meager.

5. The enforcement of labour laws are lax.

6. Public money can be easily raised through lending Banks, primary market within India & the public can be easily cheated.

7. The tax can be evaded through various loopholes like transferring money to holding companies situated at Mauritius or countries which have double taxation avoidance agreement with India.

8. The tax can be evaded, company money can be cheated by lending money to sister / holding concerns at low interest rates or by selling shares, materials to their private companies at low rates or by buying shares, materials from their holding/sister concerns at exhorbitant rates, etc.

9. The corporate governance laws are almost absent in India & it’s enforcement nil.

10. Above all, the time can be bought by very slow Indian legal system, if any dispute arise.

11. On top of it, well trained, technically qualified people are available at low rates through contractors.

Just consider the following cases which highlight the apathy, irresponsibility of government of India and emboldened the cunning, MNCs:-

1. The India which boasts of so much scientific/technological advancements, is till date has been unable to provide potable water to it’s people. People of west Bengal , Karnataka , Andrapradesh states are forced to drink Arsenic, Fluoride poisoned water.

2. The people living near the mines of R.E.M.P. in Kerala are suffering due to exposure to the radio active materials, Same is the case with the people of Jadaguda, Jharkhand, living near the U.C.I.L. plant. Both M/S R.E.M.P & M/s U.C.I.L are department of atomic energy enterprises.

3. Few years back, In Mysore railway station containers of radio- active materials were left unattended. The dome of reactor building at construction stage collapsed in nuclear power plant at Kaiga. A fire tragedy occurred in Kakrapar nuclear power plant. In the recent Tsunami waves onslaught, certain important facilities of Koodakulam atomic plant were damaged near Chennai.

4. In 1984, U.S. based MNC union carbide mass murdered nearly 20,000 people, injured lakhs who are still suffering health problems. The polluted poisonous accident site i.e. Union carbide plant in Bhopal is not yet cleared off toxic materials even after 20 years. This is still further damaging the residents of Bhopal.

5. In the above union carbide disaster, the Government of India didn’t present the case properly before supreme courts of India & U.S.A.. As a result the MNC just paid a pittance as compensation. As per that the cost of Indian lives are just a fraction of cost of American lives. Just imagine if a same disaster occurred in U.S.A. at the plant of a MNC headquartered in India, what would have been the consequence?

6. In India, hazardous chemicals laced with food additives are passed through the drinks, beverages like pepsi, cola, coco cola very easily.

7. The medicines like nimesulide, paracetamol, etc. with hazardous side effects which are banned in U.S.A.& Europe, are easily marketed by the same U.S.& Europe based MNCs in India.

8. In India spurious drugs, medicines, food stuffs are easily marketed.

9. In India, the clinical trials of new medicines under research are done without proper compensation structure to those being tried upon ie. Virtual guinea pigs.

10. In India, the genetically engineered BT crops are being introduced without paying attention to formers, ecology or eco-system.

11. In India, during setting up of large projects, scant attention is paid to environment, eco-system & the displaced persons.

Most of the times, in government projects itself the displaced persons are cheated by the government in numerous ways.

12. In India, various Government as well as private hospitals dumps hospital wastes with deadly viruses in the open, with scant regard to public health.

13. In India, aged ships belonging to foreign countries are breaked down to scrap in ship breaking yards of Gujarath , Maharashtra & AP. Various toxins like the Asbestos, lead, etc & the hazardous, dirty water, Oil inside the ship are drained into Indian seashore. The labourers here are forced to work without any safety gears.

14. When specific cases of human rights violations were brought before the government & Judiciary by us , both of them didn’t respond at all.

All the above cases highlight the fact that, government of India & Indian judiciary treats it’s citizens lives as cheap, dispensable at will. This is the major attracting force for MNCs to India.


CORPORATE ACCOUNTABILITY Scandals related to the appalling practices of multinational corporations like Union Carbide (now DOW), Enron, Coke, Cadbury, and others may have shocked the nation and the world in the recent past, but the media rarely highlights corporate crimes that extend to murders, destroying habitats, threatening indigenous cultures, causing disease, contaminating the planet’s food supply, poisoning our groundwater and even destroying the very air we breathe.

You think this is an exaggeration? Well consider this. In Bhopal, India more than 8,000 people died in the first three days after 40 tonnes of lethal gas spilled out from Union Carbide’s pesticide factory in December 1984. People woke in their homes to fits of coughing, their lungs filling with fluid. 520,000 people were exposed to poisonous gases. 150,000 victims are chronically ill, and even now one person dies every two days. Union Carbide merged with Dow Chemical Corporation two years ago and has ceased to exist as an entity while the present owners Dow refuse to accept any pending liabilities in Bhopal including clean-up of the abandoned site.

In Kodaikanal, India, Hindustan Lever, a subsidiary of Unilever Plc, an Anglo-Dutch multinational dumped mercury waste from its thermometer factory in the surrounding forests and on an innocent local community. When the scandal was exposed, first the company denied that there was a problem and later fudged facts and figures until the Indian authorities forced them to come clean. Since then Unilever has retrieved and sent back to USA some of the waste for disposal but are shying away from compensating affected workers and further environmental remediation measures.

Monsanto, one of the world’s largest pesticide companies, continues to sell its genetically engineered seeds to farmers around the world despite growing evidence of failure of crops like Bt cotton, that has reduced once well-to-do farmers in the developing world to penury and poverty while the threat of contamination of indigenous species by GE seeds increases everyday.

Bayer AG, a German transnational continues to manufacture and sell phased out pesticides like Methyl Parathion (brand name Folidol/ Metacid) in Asia despite an assurance to their European investors and stake holders that they would stop manufacturing these organo- phosphate poisons.

Ship-owning companies (and indeed, their countries) like Bergesen (Norway), and Chandris (Greece) meanwhile, regularly violate international and national laws and dump their hazardous wastes at ship-breaking yards in India, Pakistan, China, Turkey and Bangladesh. The voluntary guidelines issued by International Marine Organisation are not enough and it is imperative that these guidelines are made mandatory to make the ship-owners liable and responsible.

In the era of globalization, multinational companies increasingly move around assets, products and wastes on a global chessboard to maximize their profits and minimize their costs. These companies are using differences and loopholes in national environmental and health laws for example to export pesticides and destructive technologies to poorer countries to the detriment of local communities. What international body oversees them, or sets rules for their behaviour, or holds them accountable when they transgress?

It is no longer just the conspiracy theorists who believe our world is increasingly ruled and ruined by large multinational corporations. The World Trade Organisation has supplanted environmental treaties and regulations. Corporations have become accountable only under the rules of a free market, free trade and a free for all on human rights and the environment.

The state of our environment has not improved, in fact it has deteriorated. The gap between the world’s rich and poor has widened. Instead of providing developing countries with the tools for sustainable development, corporations have pushed their dirty technologies and polluting industries on to some of the world’s poorest countries.

A recent UN report revealed that Exxon, with $63 billion, is worth more than Peru or New Zealand. General Electric more than Kuwait. Shell is worth more than Morocco or Cuba.

In the past ten years, corporations have not only resisted environmental challenges, they have lobbied to water down international treaties and even succeeded in getting countries to pull out of environmental agreements altogether. They have maintained their unsustainable practices in all sectors. It is apparent that more than just voluntary measures are needed to control these corporations.

A recent report by WWF states that if we continue at current levels of consumption we will use up all of the Earth’s resources within 50 years, and we will need two more planets to meet our resource needs. We either take urgent action to save the planet, or we get off. The UN Environmental Programme agrees that “the state of the planet is getting worse.” They say “there is a growing gap between the efforts of business and industry to reduce their impact on the environment and the worsening state of the planet.”

At the root of our environmental problems are the unsustainable practices of the corporations that shape our economies. But what is the good of a short-term healthy economy if we can’t drink the water, eat the foods in the fields or breathe the air?

Current systems of governance in Asia (as elsewhere) are proving to be deficient against the activities of abusive multinational corporations. To roll back the excessive powers of corporations and to pressure governments to check corporate abuse and prosecute corporate crimes, greater public participation is a must. The Rainbow Warrior’s Corporate Accountability Tour of India is part of a global movement to change the climate of opinion against abusive corporations and to turn the tide in favour of fundamental human rights.

Corporations need to be held accountable for their actions that are destroying the planet, destroying people’s lives around the globe. There is only one answer. We must stand up to the corporations. Our governments must agree on international, legally binding rules for corporate responsibility, accountability and liability: a set of rules that business must follow, and governments must enforce. The list of rules is long, but so are the crimes.

The world needs corporations to be held accountable to the following laws – no matter where they operate in the world. eVoice is calling upon the Indian Government to endorse the Bhopal Principles on Corporate Responsibility, which call on Multinational Corporations to: • Accept liability for environmental damage and compensate victims of pollution; • Accept liability for the damage, no matter when it happens, what the cause or who in the corporation is responsible; • Accept responsibility for damage and injury beyond national borders including accidents in the oceans and atmosphere; • Ensure that they do not infringe upon basic human rights; • Disclose all information regarding releases into the environment to the public; • Protect human and social rights including the highest standards for rights to health care and a clean environment; • Avoid influence over governments, combat bribery and practice transparency; • Allow states to maintain their sovereignty over their own food supply; • Implement a precautionary principle and take preventative action before environmental damages or health effects are incurred; and • Promote and practice clean and sustainable development

SATYAM CO FRAUD , SINGUR AGITATION & GRAZIONO CEO MASS MURDER - An eye opener to irresponsible corporate India & GOI

The recent public agitation at singur west Bengal , India against the TATA NANO project , is nothing but a struggle for survival by the land loosers. The public of singur are living there since ancestral times , they fully depend for their livelihood on the vegetables & other small crops grown there by them. The livelihood , their survival is at stake. The irresponsible west Bengal government , to favour the corporate lobby , acquired the lands forcibly dirt cheap & gave it away at dirt cheap price to TATA’S. why such a cheap , long term lease period has been given to TATA’S ? The government literally has thrown the land loosers on street , it didn’t bother about their survival nor about their proper rehabilitation . Basically , TATA’S is a business house , their only intention is to make profits , more money , not the welfare of people. Why not TATA’S acquire land in open market ? the acquire of lands by state or central government for public good like for building dams , roads , channels are at least justified however the rehabilitation is more important. Other than for the projects concerning public good , for all the projects of private enterprises like pay & use roads , airports , industries , etc , the lands must be acquired in the open market at market prices . For some industrialists bid to make riches , lives , livelihood of thousands should not be sacrificed. It is not alround development. In a democracy , the voice of the public , locals should be honoured but not the diktats of ministers or babus in secretariats. The present corrupt system in India leading to rise of naxalism , underworld , separatist movements are all due to the government policies since independence till date according to the wisdom (?) of ministers & babus , totally dishonouring the public voice.

Now , take the case of Graziono CEO mass murder in noida , it is nothing but fallout of hire & fire policies. Every human being works for survival , on his meager salary there will be family dependents , all of a sudden if a person is fired from service , his whole family will be on streets. O.k , all corporates nowadays preach & breath the mantra of USA , for everything be it infrastructure , flexible labour policies , it compares itself with those prevailing in the USA. Now , the corporate India is getting infrastructure at dirt free prices ( very high in the USA ) , has got hire & fire mechanism by employing contract labour , very lenient environmental norms , very lenient food & drugs safety rules , relaxation in Factory Act , ESI & PF acts , etc add to it the rampant corruption in all govt departments by which you can get any certificate for a price.

In the USA , of course there is hire & fire policy , however the minimum wage levels are also very high , so that during good times workers can save money for their future. Also , there is social security net to take care of ousted workers , then why not Indian corporates paying good salary to workers during good times ? why not corporate India making good contribution to social security net ? in the USA , there are good infrastructure facilities they take pride in paying taxes to the government , the corporate India always lobbies for tax cuts , subsidies , loan waivers , etc. in the USA the environment norms are very strict , the companies manufacturing hazardous chemicals which were ousted by the US government have set up shop in India . Government of USA treats lives of people as precious , where as Indian government treats lives of it’s people as dispensable. In the USA , the food safety & drugs , medicines safety standards are very high , the drugs , high level adulteration food products banned by Government of USA are sold in the India , this is the difference between government of USA & India , the way they treat their people’s lives. Loan recovery , investor safety norms are very high in the USA , where as in India , loan defaulters , share holder swindling , Non Performing Assets is very high. Inspite of all the strict norms we have seen enron , Xerox debacles in the USA & recent bank fallouts in the USA. In India with such lax norms , only you can guess. The lesson here for the government of India is , development must be allround , must not be at the cost of thousands. Listen to the voice of public but not to the commands of greedy selfish corporates , lobbies . Do stop thinking that only babus , IAS officers & minister are brilliant knowing all and the public people are fools fit to be herded by IAS officers. Do remember that India is a democracy not a BANANA REPUBLIC.

The lesson for corporate India , aping the USA intoto is O.k , but not by parts & bits , follow corporate USA in every aspect of corporate duties & responsibilities , transparency. Final word , when it comes to the question of survival , life , livelihood , it know no bounds . After all STRUGGLE FOR SUVIVAL is a basic animal instinct , it is a basic human right of every individual .

Edited, printed , published owned by NAGARAJ.M.R. @ #LIG-2 / 761,HUDCO FIRST STAGE ,OPP WATER WORKS , LAXMIKANTANAGAR , HEBBAL ,MYSORE - 570017 INDIA … cell :09341820313 home page : , , , , , , , contact : ,

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