Scams

India is a country where any thing and every thing illegal goes, if you are powerful enough to put/pull it through. For every 10 scam which probably goes undetected you
may get one out in front, courtesy a squealer or a journalist with a nose for news.
Latest is Adarsh housing scam, Cuffe Parade, Mumbai. The scam is out in the open and
the bakri (scape goat) is the Chief Minister, Ashok Chavan of the day, though there are
many more involved. A society formed supposedly to acomodate Kargil war veterans turns out giving flats out to politicians, their kin, govt. officials, retired senior army officers, etc. flouting all norms. The building comes up on a land, supposedly govt. land, but now turns out to be in the possession of the army. The title to the land is now in dispute. What will happen to the building, which is worth crores of rupees? Will it be brought down, or some sort of compromise arrived at! It seems there will be no final or proper ending just as an illegal building in Mahalakshmi, which is illegally built, ordered to be destroyed by the Supreme Court years back but still standing. The authorities may one day regularise it.

The 2G spectrum allocation is a big one, with thousands of crores of rupees involved. The minister in charge, Raja of DMK, has atlast resigned nearly a year or so after the scam was out in th open. Is there going to be any justice here. What will happen to Raja? Nothing I believe, considering the hold DMK has over this UPA govt.

This UPA govt. is full of skeletons tumbling out of its cupboard every day. The Common Wealth Games with it corruption and irregularities is in the open. Again it is very very much possible that nothing will come out of the CBI enquiry, Supreme court cases.

The public memory in India is very short, and no one remembers of the scams. The biggest one was Harshad Mehta scam of late 80's and early 90's. Harshad Mehta is no more, and no one knows what happened to the crores stashed away by him. The scam is the result of the loopholes/shortcomings in the system, and RBI is way responsible for this. In the PDO, SGL section the books were not balanced on daily basis, weekly basis or even monthly, to know the position of each constituent at the end of the day. Even a small bank like Sangli bank or Karad bank could deal in 100's of crores without having any backing so to say. The buying/selling amongst smallest entity and big ones like Citi Bank was surprising to say the least. Does any one remember this!

Jai Hind for scams of India.