Hasan Ali of Rs 350 million in Swiss: Dung on wall? How did cow climb?
Tags: Pune Mumbai horse Swiss Bank Hasan Ali Cow dung Mark Rich Azim Premji Forbes’ list India Shining Race Course ED Income Tax Ketan Parekh Telgi, corrupt Bofors Scam Congress Subba Clinton News Analysis;
Aswamegh Yagya: Rs 35000 cr of Pune’s Racehorse owner Hasa Ali is frozen in Swiss Bank; Swiss is heaven for Eco-criminals. Bil Clinton pardoned Bandit Mark Rich. India is poor country of rich people. Mark Rich was sentenced to 325 years.
I-T raids in Pune for tax evasion
An illegal money transfer racket conducted by Pune based Racehorse owner Hasan Ali is exposed on March 7 of worth Rs 350 million plus what's still not known! Have the I-T and Enforcement Directorate sleuths bumped into who could possibly be one of the top five richest Indians or the fourth richest man in India?
According to the Forbes' list of Indian Billionaires for 2006, steel tycoon LN Mittal tops the list with wealth of $33.7 billion or approximately Rs 1,49,661 crores. Mukesh Ambani comes second with $19.5 billion or Rs 86,585 crores and his brother Anil Ambani third with assets of $17.6 billion or Rs 77,7140 crores.
Azim Premji is 21st on the list with wealth but Hasan Ali actually surpasses even Azim Premji to be among the top four.
Hasan Ali, a somewhat mysterious Pune based racehorse owner is reported to have illegally transferred more than 35000 crore sums of money to seven Swiss bank accounts.These accounts have been frozen at the request of the Indian government.Hasan Ali is reported to have links with politicians and big businessmen. Apparently, money was laundered through Mauritius. Ali who races horses at the Bombay Race Course made his mark in the city approximately 10 years ago. He is married to the daughter of a trainer at the Bombay Race Course and has begun investing in horses.
The Enforcement Directorate (ED) on March 7 froze seven out of 10 Swiss bank accounts of the trader operating from a six-storey building in Koregaon Park area of Pune.. Money used to be deposited into the trader's accounts from Britain via havala or unauthorized money transfer channels, the ED sources said, adding that the investigations began in January this year with a raid on the trader's office following a tip-off.
Income Tax (IT) authorities in Mumbai and Delhi claim to have stumbled upon a huge money-laundering racket in which money is sent to Mauritius through hawala and it comes back to India as investment in stock market and other areas.
Senior Income Tax officers said the department stumbled on it a month-and-a-half ago when they raided a stud farm owner in Pune, who owns a flat on Peddar Road in Mumbai as well. During the search, the officials said they found details of accounts in Swiss banks in various names in which Rs 20,000 crore was deposited. Some big names from India’s political and corporate worlds held these accounts, the I-T officials said.
According to the treaty, the capital gain earned from investments from Mauritius is not taxed in India. The investor benefits because in Mauritius there are no tax on capital gains. I-T authorities suspect the profit was then routed to Swiss banks.
It is interesting to observe some frauds and money laundering cases in India to have a better understanding of the cause of concern. We have tried to give briefs on the capital market scams associated with money laundering - IPO issue (with IDFC, Yes Bank and GTB), Ketan Parekh, Abdul Karim Telgi, Harsha Metha, Bofor and Haridas Mundra.
Surely India is shining.....
This just proves the point that India is a poor country of rich people.
Honest people can never live in India. Tough, lives can never be rich and comfortable. This is “Congress kaa Haath, Aam Aadami ke saath”
Really India is the great stepping towards becoming developed country before 2020.
This is the country where Quarrottocchi could be run away with the help of Government and drew Bofors’ kick back Rs 21 crore from his London bank accounts because of the letter of Indian Government. This is the country where one can have staggering assets of 35000 crores and still not be questioned by anyone for years! This is the wonderful country of the world where foreign citizen can become an MP by simply hiding their murderous background like Mr Subba. No force in India will be able to do anything to Q, Ali or Subba.
You may find the details of the following to know more about the Congress and Nehru Gandhi dynasty.
(1) IDFC, Yes Bank, GTB IPO, 2005 Scam : In the IPO scam some 47,000 fake demat accounts in the IDFC issue, over 10,000 fake accounts in the Yes Bank issue and at least a dozen are still to be investigated.
(2) Ketan Parekh, 2001 Scam: The scam shook the investor's confidence in the overall functioning of the stock markets. By the end of March 2001, at least eight people were reported to have committed suicide and hundreds of investors were driven to the brink of bankruptcy. The companies in which Ketan Parekh held stakes included Amitabh Bachchan Corporation Limited (ABCL), Mukta Arts, Tips and Pritish Nandy Communications besides others.
(3) Abdul Karim Telgi , 1994 Scam : Telgi, was arrested in 1991 by Mumbai police for fraud. Telgi acquired a stamp paper licence from the Government of India. He began printing fake stamp paper. A videotape emerged in September 2006 of Abdul Karim Telgi taking a narco-analysis test. Under the influence of the truth serum, Telgi supposedly blurted out the names of Nationalist Congress Party leaders Sharad Pawar and Chaggan Bhujbal.
(4) Harshad Mehta 1992 Scam: Mehta and his brothers were arrested by the CBI on for allegedly ``misappropriating” (in 1992) more than 27 lakh shares of about 90 companies. He was arrested and banished from the stock market with investigators holding him responsible for causing a loss of more than Rs 4,000 crore to various entities. Mr Mehta again raised a furore in 1995 when he made a public announcement that he had paid Rs 1 crore to the then Congress President and Prime Minister, Mr P.V. Narasimha Rao, as donation to the party for getting him ``off the hook.''
(5) Haridas Mundhra Scam, 1957 : The Mundhra scandal was the first few successful trial of a financial scandal in independent India.
An explosive disclosure of the surreptitious deal in Parliament by Prime Minister Nehru's son-in-law Feroze Gandhi, in 1958, led to a nationwide furore and forced the government to appoint a one-man commission headed by Justice Chagla. He conducted a swift and transparent 24-day public inquiry, which led to the resignation of the then Finance Minister T T Krishnamachari and punishment of the guilty in less than two years.
“The Law rides the Poor and the Rich ride the Law”, which is reflection of the functionality of societal setups in general, irrespective of their maturity or being a developed/developing economy.
Is deposit in Swiss banks for safekeeping?
Does Nehru-Gandhi dynasty follow spelled dynasty of Kazakhstan in Bofors, Oil for Food and other scam? In April 2002, Kazakhstan's government finally admitted that the president, Nursultan Nazarbayev, had foreign (Swiss) holdings, explained as money sent abroad for safekeeping.
Bil Clinton pardoned Bandit Mark Rich
Marc Rich the commodity bandit and "spook" was interwoven with the White House of George Bush The Elder and later, Bill Clinton. The book author described him, "Marc Rich, the man whom the United States Justice Department privately called the most corrupt corporate executive in America". ["Metal Men", page 13.] By 1990, Rich played such a game which
became one among many reasons to downfall of USSR. He was sentenced to
325 years in prison but he was pardoned by Bill Clinton at the end of 2000.
Congress follows Bandit Mark Rich
It is expected that the facts in the Volcker Report be covered up the way several transgressions of Indian VIPs have been in the past, the better to blackmail them with later.
Marc Rich the commodity bandit and "spook" was interwoven with the White House of George Bush The Elder and later, Bill Clinton. The book author described him, "Marc Rich, the man whom the United States Justice Department privately called the most corrupt corporate executive in America". ["Metal Men", page 13.] By 1990, Rich was a key player in the huge, mostly unpublicized Russian ruble affair, an attack by the American CIA and worldwide banks fronting for them, against the Soviet currency which led to the downfall of the Moscow government. The result was the dissolution of the Soviet Union into fighting-with-each-other provinces, each a fiefdom for mineral exploitation and speculation, Marc Rich's specialty. Sentenced to 325 years in prison but he was pardoned by Bill Clinton at the end of 2000.
Masefield
The company, Masefield, mentioned in the Volcker Report as having managed the transactions for Natwar Singh and the Congress, is a Zug-based oil-trading company controlled by protégés of Marc Rich.
It is a most humorous joke of the year
My study shows that Switzerland in the world’s alone country who takes deposit of the all briberies corruption currency on the condition that Swiss will not disclose the identy of those. It means Swiss is a fort an umbrella to hide for all corrupt guns of the world. So Swiss is the boss of all corrupt bribery personalities of the world. Legally openly Swiss can’t be blamed but in fact it is the only country which should be blamed. 50% corrupt bribery kickback receivers can be punished if Swiss does not hide the identies of those corrupts who deposited the money in Swiss banks.
Switzerland is for international Economic Criminals
You don't need to fly to Switzerland to open a Swiss bank account. You may open a regular postal Swiss bank account by simply filling out a short online form at the Swiss bank's web site.
Switzerland is for international corrupt bribers and kickback takers economic criminals many of whom have offices there. The Swiss have made it almost impossible to recover ill-gotten money, once they are given charge of it. Marc Rich is one of Switzerland’s wealthiest residents, and is one of its largest taxpayers. He is discreetly protected by the Swiss police and security apparatus, as many journalists seeking information have found out. India should not expect any real cooperation or evidence from that Canton or Switzerland. This is also why merely sending a letter from the MEA or from Justice Pathak to the Government of Switzerland will produce Bofors-like results.
Return Swiss Banks deposit to the people
I and others are writing to force corrupt leaders especially Sonia Gandhi to follow Sani Abacha. The glare of international publicity on Switzerland concerning the criminality of erstwhile Nigerian dictator Sani Abacha led to the unearthing and returning to Nigeria of 730 million US dollars that were looted and stored by the dictator in Swiss banks.
Do you feel India is your country? Don’t talk gimmicks to win vote bank. You gave slogan ‘Garibi Hatao’. Congessmen become richest. Your slogan;’Congres ka hath, Aam adami ke saath’ remains empty. Tandoor Mattoo Jessica’s blood on Congress Hands. Congress was born by foreigner and still it is as playboy toys in the foreign hand. Don’t say, your mother in law your husband and you did it. India is not a poor country. If yes then please return the money of the country to the country which you and others deposited in Swiss and other banks
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By Premendra Agrawalwww.newsanalysisindia.com/
Aswamegh Yagya: Rs 35000 cr of Pune’s Racehorse owner Hasa Ali is frozen in Swiss Bank; Swiss is heaven for Eco-criminals. Bil Clinton pardoned Bandit Mark Rich. India is poor country of rich people. Mark Rich was sentenced to 325 years.
I-T raids in Pune for tax evasion
An illegal money transfer racket conducted by Pune based Racehorse owner Hasan Ali is exposed on March 7 of worth Rs 350 million plus what's still not known! Have the I-T and Enforcement Directorate sleuths bumped into who could possibly be one of the top five richest Indians or the fourth richest man in India?
According to the Forbes' list of Indian Billionaires for 2006, steel tycoon LN Mittal tops the list with wealth of $33.7 billion or approximately Rs 1,49,661 crores. Mukesh Ambani comes second with $19.5 billion or Rs 86,585 crores and his brother Anil Ambani third with assets of $17.6 billion or Rs 77,7140 crores.
Azim Premji is 21st on the list with wealth but Hasan Ali actually surpasses even Azim Premji to be among the top four.
Hasan Ali, a somewhat mysterious Pune based racehorse owner is reported to have illegally transferred more than 35000 crore sums of money to seven Swiss bank accounts.These accounts have been frozen at the request of the Indian government.Hasan Ali is reported to have links with politicians and big businessmen. Apparently, money was laundered through Mauritius. Ali who races horses at the Bombay Race Course made his mark in the city approximately 10 years ago. He is married to the daughter of a trainer at the Bombay Race Course and has begun investing in horses.
The Enforcement Directorate (ED) on March 7 froze seven out of 10 Swiss bank accounts of the trader operating from a six-storey building in Koregaon Park area of Pune.. Money used to be deposited into the trader's accounts from Britain via havala or unauthorized money transfer channels, the ED sources said, adding that the investigations began in January this year with a raid on the trader's office following a tip-off.
Income Tax (IT) authorities in Mumbai and Delhi claim to have stumbled upon a huge money-laundering racket in which money is sent to Mauritius through hawala and it comes back to India as investment in stock market and other areas.
Senior Income Tax officers said the department stumbled on it a month-and-a-half ago when they raided a stud farm owner in Pune, who owns a flat on Peddar Road in Mumbai as well. During the search, the officials said they found details of accounts in Swiss banks in various names in which Rs 20,000 crore was deposited. Some big names from India’s political and corporate worlds held these accounts, the I-T officials said.
According to the treaty, the capital gain earned from investments from Mauritius is not taxed in India. The investor benefits because in Mauritius there are no tax on capital gains. I-T authorities suspect the profit was then routed to Swiss banks.
It is interesting to observe some frauds and money laundering cases in India to have a better understanding of the cause of concern. We have tried to give briefs on the capital market scams associated with money laundering - IPO issue (with IDFC, Yes Bank and GTB), Ketan Parekh, Abdul Karim Telgi, Harsha Metha, Bofor and Haridas Mundra.
Surely India is shining.....
This just proves the point that India is a poor country of rich people.
Honest people can never live in India. Tough, lives can never be rich and comfortable. This is “Congress kaa Haath, Aam Aadami ke saath”
Really India is the great stepping towards becoming developed country before 2020.
This is the country where Quarrottocchi could be run away with the help of Government and drew Bofors’ kick back Rs 21 crore from his London bank accounts because of the letter of Indian Government. This is the country where one can have staggering assets of 35000 crores and still not be questioned by anyone for years! This is the wonderful country of the world where foreign citizen can become an MP by simply hiding their murderous background like Mr Subba. No force in India will be able to do anything to Q, Ali or Subba.
You may find the details of the following to know more about the Congress and Nehru Gandhi dynasty.
(1) IDFC, Yes Bank, GTB IPO, 2005 Scam : In the IPO scam some 47,000 fake demat accounts in the IDFC issue, over 10,000 fake accounts in the Yes Bank issue and at least a dozen are still to be investigated.
(2) Ketan Parekh, 2001 Scam: The scam shook the investor's confidence in the overall functioning of the stock markets. By the end of March 2001, at least eight people were reported to have committed suicide and hundreds of investors were driven to the brink of bankruptcy. The companies in which Ketan Parekh held stakes included Amitabh Bachchan Corporation Limited (ABCL), Mukta Arts, Tips and Pritish Nandy Communications besides others.
(3) Abdul Karim Telgi , 1994 Scam : Telgi, was arrested in 1991 by Mumbai police for fraud. Telgi acquired a stamp paper licence from the Government of India. He began printing fake stamp paper. A videotape emerged in September 2006 of Abdul Karim Telgi taking a narco-analysis test. Under the influence of the truth serum, Telgi supposedly blurted out the names of Nationalist Congress Party leaders Sharad Pawar and Chaggan Bhujbal.
(4) Harshad Mehta 1992 Scam: Mehta and his brothers were arrested by the CBI on for allegedly ``misappropriating” (in 1992) more than 27 lakh shares of about 90 companies. He was arrested and banished from the stock market with investigators holding him responsible for causing a loss of more than Rs 4,000 crore to various entities. Mr Mehta again raised a furore in 1995 when he made a public announcement that he had paid Rs 1 crore to the then Congress President and Prime Minister, Mr P.V. Narasimha Rao, as donation to the party for getting him ``off the hook.''
(5) Haridas Mundhra Scam, 1957 : The Mundhra scandal was the first few successful trial of a financial scandal in independent India.
An explosive disclosure of the surreptitious deal in Parliament by Prime Minister Nehru's son-in-law Feroze Gandhi, in 1958, led to a nationwide furore and forced the government to appoint a one-man commission headed by Justice Chagla. He conducted a swift and transparent 24-day public inquiry, which led to the resignation of the then Finance Minister T T Krishnamachari and punishment of the guilty in less than two years.
“The Law rides the Poor and the Rich ride the Law”, which is reflection of the functionality of societal setups in general, irrespective of their maturity or being a developed/developing economy.
Is deposit in Swiss banks for safekeeping?
Does Nehru-Gandhi dynasty follow spelled dynasty of Kazakhstan in Bofors, Oil for Food and other scam? In April 2002, Kazakhstan's government finally admitted that the president, Nursultan Nazarbayev, had foreign (Swiss) holdings, explained as money sent abroad for safekeeping.
Bil Clinton pardoned Bandit Mark Rich
Marc Rich the commodity bandit and "spook" was interwoven with the White House of George Bush The Elder and later, Bill Clinton. The book author described him, "Marc Rich, the man whom the United States Justice Department privately called the most corrupt corporate executive in America". ["Metal Men", page 13.] By 1990, Rich played such a game which
became one among many reasons to downfall of USSR. He was sentenced to
325 years in prison but he was pardoned by Bill Clinton at the end of 2000.
Congress follows Bandit Mark Rich
It is expected that the facts in the Volcker Report be covered up the way several transgressions of Indian VIPs have been in the past, the better to blackmail them with later.
Marc Rich the commodity bandit and "spook" was interwoven with the White House of George Bush The Elder and later, Bill Clinton. The book author described him, "Marc Rich, the man whom the United States Justice Department privately called the most corrupt corporate executive in America". ["Metal Men", page 13.] By 1990, Rich was a key player in the huge, mostly unpublicized Russian ruble affair, an attack by the American CIA and worldwide banks fronting for them, against the Soviet currency which led to the downfall of the Moscow government. The result was the dissolution of the Soviet Union into fighting-with-each-other provinces, each a fiefdom for mineral exploitation and speculation, Marc Rich's specialty. Sentenced to 325 years in prison but he was pardoned by Bill Clinton at the end of 2000.
Masefield
The company, Masefield, mentioned in the Volcker Report as having managed the transactions for Natwar Singh and the Congress, is a Zug-based oil-trading company controlled by protégés of Marc Rich.
It is a most humorous joke of the year
My study shows that Switzerland in the world’s alone country who takes deposit of the all briberies corruption currency on the condition that Swiss will not disclose the identy of those. It means Swiss is a fort an umbrella to hide for all corrupt guns of the world. So Swiss is the boss of all corrupt bribery personalities of the world. Legally openly Swiss can’t be blamed but in fact it is the only country which should be blamed. 50% corrupt bribery kickback receivers can be punished if Swiss does not hide the identies of those corrupts who deposited the money in Swiss banks.
Switzerland is for international Economic Criminals
You don't need to fly to Switzerland to open a Swiss bank account. You may open a regular postal Swiss bank account by simply filling out a short online form at the Swiss bank's web site.
Switzerland is for international corrupt bribers and kickback takers economic criminals many of whom have offices there. The Swiss have made it almost impossible to recover ill-gotten money, once they are given charge of it. Marc Rich is one of Switzerland’s wealthiest residents, and is one of its largest taxpayers. He is discreetly protected by the Swiss police and security apparatus, as many journalists seeking information have found out. India should not expect any real cooperation or evidence from that Canton or Switzerland. This is also why merely sending a letter from the MEA or from Justice Pathak to the Government of Switzerland will produce Bofors-like results.
Return Swiss Banks deposit to the people
I and others are writing to force corrupt leaders especially Sonia Gandhi to follow Sani Abacha. The glare of international publicity on Switzerland concerning the criminality of erstwhile Nigerian dictator Sani Abacha led to the unearthing and returning to Nigeria of 730 million US dollars that were looted and stored by the dictator in Swiss banks.
Do you feel India is your country? Don’t talk gimmicks to win vote bank. You gave slogan ‘Garibi Hatao’. Congessmen become richest. Your slogan;’Congres ka hath, Aam adami ke saath’ remains empty. Tandoor Mattoo Jessica’s blood on Congress Hands. Congress was born by foreigner and still it is as playboy toys in the foreign hand. Don’t say, your mother in law your husband and you did it. India is not a poor country. If yes then please return the money of the country to the country which you and others deposited in Swiss and other banks
Latest Article:
(1) Why 1931 survey for Quota?
(2) Did Bush touch Actress Teri Hatchr’ Ass?
(3) Mere aangane me, Tumhara kya kaam hai:Congress bans on Nishabd
By Premendra Agrawalwww.newsanalysisindia.com/
posted by Premendra Agrawal, India at 8:38 PM
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