Laundering by Politicians and Govt Officers
There have been some reports on how co-operative banks, petrol pumps, state electricity boards, jal boards, municipalities have been used by politicians and bureaucrats to convert their black money.
With this post, we would like to seek your specific inputs on this kind of laundering. Kindly share your insights and we will compile it to develop collective inputs.
Once we know how laundering has been done, we will have a separate discussion on how those who have conducted laundering using the above can be held accountable.
We look forward to your inputs!
Transparency International India more
Is the government really committed to bring into light all the instances of money laundering involving the politicians and bureaucrats with the ill will of converting their huge black money earned in dishonest manners into white to fix up their accountability and to start legal action against them without prejudice ? But, if you look for a rogue, you find every one in the basket to be one. It is in every ones' knowledge that the institutions and business activities referred to in the post are fully managed by the politicians and their kith & kin. Their illegal activities are continued uninterruptedly enjoying protection of the bureaucrats under the policy of scattering with one hand and gathering with two. Conversion of their huge black money into white utilising these institutions under their control is not a big task for them. more
It is an organised work. The money changers have to account for money with service provided. If not it is a loop hole provided for some. Only common people to suffer. more
In some other posts, I had suggested 1) Full amount of the amount whether in Cash or kind, is to be forfeited. 2) A penalty of 500% for the amount concerned is to be realised from all concerned ( owner/carrier/facilitator etc.) individually And (not collectively) 3) other action departmental proceedings, criminal proceedings must follow more
Are we really working for cashless economy. If yes first set the Govt. house in order and that is the need of the day. One of the person wanted to get register his vehicle with RTO Faridabad. An appox Rs. 50,000 is required to be remitted. Surprisingly RTO is insisting for payment to be deposited in cash. The acceptance of payment by DD has even been refused. I feel stakeholders need to think on such aspects before considering demonetization and cashless economy. more
Some business men are still accepting old notes for goods .with what plan they are doing the govt should know .Continue to monitor business men in cloth,jewellery ,export industry. more