PC used position to benefit son, alleges Swamy

April 27, 2012

Subramanian_SwamyNew Delhi, April 27: Janata Party chief Subramanian Swamy on Thursday made fresh allegations against Home Minister P Chidambaram, accusing him of delaying permission for the sale of Aircel to Malaysia-based firm Maxis in 2006 when he was the Finance Minister so that his son Karti financially benefited.

In his letter to Prime Minister Manmohan Singh, Swamy demanded Chidambaram's resignation and wanted a direction to the CBI to include the names of the Minister and his son in the FIR on Aircel-Maxis deal along with former Telecom Minister Dayanidhi Maran.

Swamy alleged that Advantage Strategic Consulting Private Limited, a company controlled by Karti Chidambaram, entered into a financial transaction with Malaysian businessman Sivasankaran’s Aircel Televenture in March 2006.

In May 2006, FIPB (Foreign Investment Promotion Board) approved the Malaysia’s firm Maxis investment of around Rs 4,000 crore in Aircel (where Maxis purchased 74 per cent share in Aircel).

Soon after the deal between Aircel and Maxis was completed, Rs.1,300 crore went out of Aircel in the form of loan without mentioning mandatory specification, he charged.

Swamy alleged that the reason Advantage Strategic Consulting partnered Aircel was to share Rs 4,000 crore invested by Maxis in Aircel.

Sources close to Karti Chidambaram dismissed the allegations as “baseless”.

Suspecting that entire transactions were dubious, he charged Chidambaram with using his position as finance minister and ensuring that FIPB would clear the Aircel-Maxis deal only if his son Karti controlled company got share in Sivasankaran’s Aircel Televenture Limited to get the booty from Maxis.

Swamy further alleged that the monthly report of RBI’s Overseas Investment Division on outward FDI from India showed that Advantage Strategic Consulting Private Limited has a wholly owned subsidiary (WSO) with a similar name in Singapore - Advantage Strategic Consulting Singapore PTE Limited.

The monthly reports from 2006-2012, show that several millions of US dollars were transferred each month from India to the company’s Singapore subsidiary.

According to RBI report, the Singapore subsidiary’s major activities are in Financial, Insurance, Real Estate and Business Services.

“Till 2008 December, Chidambaram was Finance Minister and here question arises how his son indulged in financial and insurance business in India and Singapore,” Swamy said. None of the transactions by Karti’s companies with entities abroad were shown in the financial statements filed with Registrar of Company in Chennai, Swamy said.

He said he had already written to the CBI, Enforcement Directorate and the Registrar of Companies regarding "dubious financial transactions" during the period of the deal.

Swamy alleged that CBI and ED were limiting their probe to the role of Marans, Dayanidhi and Kalanidhi, in the matter. The Congress party refused to react to the allegation against one its most important ministers.

"How am I am responsible for answering to allegations about Karti Chidambaram's business deals? He can himself reply to Swamy's allegations," party spokesperson Renuka Choudhary told reporters.

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News Network
January 22,2020

New Delhi, Jan 22: The BJP on Wednesday cited statements of several opposition leaders to accuse them of "abusing" Hindus for their appeasement politics and referred to the Congress as "Muslim League Congress".

Seeking apologies from Congress president Sonia Gandhi and NCP chief Sharad Pawar, BJP spokesperson Sambit Patra said leaders of these parties have used the ongoing protests against the amended citizenship law to "abuse" Hindus.

Chavan has said in a public meeting that the Congress decided to join hands with the Shiv Sena to form government in Maharashtra as Muslims wanted the party to stop the BJP, Patra stated, claiming that it shows the opposition party has nothing to do with people belonging to other religions, including Hindus.

Patra also referred to a statement from an NCP leader to attack the opposition.

Asked about Congress leader Mallikarjun Kharge's reported jibe at the RSS for its "non-participation" in the freedom movement, the BJP leader shot back, asking if parents of Sonia Gandhi, who is of Italian origin, had fought in India's independence struggle.

The Indian National Congress, he said referring to the opposition party's full name, should be called "Muslim League Congress".

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Keshu
 - 
Thursday, 23 Jan 2020

LOL...this is a waste body

This guy cannot even debate with Kanaiah kumar.

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News Network
July 13,2020

New Delhi, July 13: The number of active Covid-19 cases in India crossed the 3 lakh mark on Sunday even as fresh infections during the day surged to another new peak, crossing 29,000 for the first time. After staying over 500 for the past two days, the daily death toll came down slightly to 492.

While the focus has been on recoveries, the number of active Covid-19 cases in the country has been steadily rising. It hit the 1 lakh mark on June 4 and went past 2 lakh 23 days later. It has taken just 15 days more to reach 3 lakh.

India reported 29,271 new cases on Sunday, the fifth straight day of record rise in daily infections. With this, the country’s coronavirus caseload has risen to 8,79,060, two days after hitting the 8 lakh mark, as per data collated from state governments. Active cases stood at 3,02,466 while more than 5.53 lakh people were declared cured of the infection.

Covid-19 deaths in the country rose to 23,175 after 492 fatalities were added on Sunday, translating to a case fatality rate of 2.6%. The CFR has been steadily dropping with the surge in cases.
 

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News Network
May 13,2020

New Delhi, May 13: Union Finance Minister Nirmala Sitharaman will address a press conference in New Delhi at 4 pm on Wednesday.

The information regarding the press conference by the Union Finance Minister was given through a tweet by the Ministry of Finance today morning.

Sitharaman's press conference comes a day after Prime Minister Narendra Modi announced USD 265 billion fiscal stimulus to deal with COVID-19 situation in the country. The package is the second largest in Asia after Japan.

"I announce a special economic package today. This will play an important role in the 'Atmanirbhar Bharat Abhiyan.' The announcements made by the government over COVID, decisions of RBI and today's package totals to Rs 20 lakh crore (USD 265 billion). This is 10 per cent of India's GDP," the Prime Minister said in his address to the nation on Tuesday.

"This economic package is for our small-scale industries, MSMEs, which are the means of livelihood of crores of people and is the strong base of our resolve for self-reliant India. To prove the resolve of self-reliant India, the emphasis has been given on land, labour, liquidity and laws, in this package," he added.

The PM had also said that the economic package is for "the country's workers, farmers, who are working hard day and night for the countrymen in every season. This economic package is for the middle class of our country, who pays tax honestly and contributes to the development of the country."

He had announced that the fourth phase of the nationwide COVID-19 induced lockdown would be in "new form with new rules."

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