Demonetise the Indian Rupee
If Channel Islands and Swiss banks are tax evaders’ heaven, India is a fraudsters’ heaven. Just read between the lines with an investigative eye and you will find the great IPL scam slowly, but steadily, unfolding. Both electronic and print media are doing a wonderful job in unearthing various links and track the real culprits which should, otherwise, have been done by the government.
It all started with Sashi Taroor’s involvement in the IPL bid for Cochi team which cost him his job. Now it is the turn of another union minister who has been operating through various binami companies to buy a stake in the Pune franchise. Firms and companies hitherto unheard of have come forward bidding in billions to buy teams. Who are the real actors behind the stage and where is the money coming from?
When politicians look for top positions in sports bodies and businessmen look for political positions, it is a business proposition and you can smell money there. Union Agriculture Minister Sharad Pawar is more keen to run the sports body than managing a key portfolio he has been entrusted with. Food prices have skyrocketed and farmers in his own state have committed suicide. But who cares? It is not lucrative. The disease has spread to Indian cricketers as well, in that, they prefer to play for IPL than the national team. Their performance in the world T20 championship held in West Indies will vouch for that. Tennis and football tournaments have been in place for years running smoothly, but our IPL has developed cracks within a short time. Why this happens in India alone?
Money speaks for everything. Defense secrets are leaked out, corporate fraudsters are enjoying a five star life style in hospitals and molesting police officers get away with minor punishment. If you have financial muscle, you can buy anyone under our democratic set up. When global economies go down, investments pour into India because you can get the best returns by flouting the system. Billions of rupees are in circulation both in the black market and through counterfeit currency. Demonetizing the Indian Rupee will be an ideal solution to track down the real culprits.
It all started with Sashi Taroor’s involvement in the IPL bid for Cochi team which cost him his job. Now it is the turn of another union minister who has been operating through various binami companies to buy a stake in the Pune franchise. Firms and companies hitherto unheard of have come forward bidding in billions to buy teams. Who are the real actors behind the stage and where is the money coming from?
When politicians look for top positions in sports bodies and businessmen look for political positions, it is a business proposition and you can smell money there. Union Agriculture Minister Sharad Pawar is more keen to run the sports body than managing a key portfolio he has been entrusted with. Food prices have skyrocketed and farmers in his own state have committed suicide. But who cares? It is not lucrative. The disease has spread to Indian cricketers as well, in that, they prefer to play for IPL than the national team. Their performance in the world T20 championship held in West Indies will vouch for that. Tennis and football tournaments have been in place for years running smoothly, but our IPL has developed cracks within a short time. Why this happens in India alone?
Money speaks for everything. Defense secrets are leaked out, corporate fraudsters are enjoying a five star life style in hospitals and molesting police officers get away with minor punishment. If you have financial muscle, you can buy anyone under our democratic set up. When global economies go down, investments pour into India because you can get the best returns by flouting the system. Billions of rupees are in circulation both in the black market and through counterfeit currency. Demonetizing the Indian Rupee will be an ideal solution to track down the real culprits.
posted by T.S. Arunachalam | 10:20 PM
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