Friday, May 08, 2009

The black silence

The Swiss are shouting at the top of their voice and the BJP has turned it into an election issue. But there is hardly a whimper in the secular press. The fundamental issue of UPA government's inaction has not ruffled any feathers. Instead, the press is busily discussing and editorializing on the colour of black.

We have Karan Thapar who is more worried that the amount is just a guesstimate. Think about it: is it not logical to get a congress guy onto the show and grill him about what the govt has done to get the black money back. Instead, Karan "sudden removal" Thapar tries to prove that a guesstimate is not accurate. If it were accurate, it wouldnt be a guesstimate to begin with. How clueless this Thapar is.

Or, look at this editorial in ToI. These guys are more worried about Swiss economy that Indian economy.
EDITORIAL COMMENT | Money In The Bank - Editorial - Opinion - The Times of India
If Swiss banks agreed to full exposure, the Swiss currency, one of the hardest in the world, would slump. The Swiss economy, which leans heavily on financial services, would be jolted.
I guess, commonsense is not so common, after all.

India not keen on black money: Swiss govt INDIA NEWS
The Swiss Justice Department on Friday said that the Government of India was dragging its feet on the black money issue.

In a Headlines Today exclusive, the department also said the Indian government had submitted forged documents to Swiss authorities in the $ 8-billion Hassan Ali money laundering case in January 2007. Stud farm owner Hassan Ali had illegally transferred $ 6 billion to UBS accounts and came under the Enforcement Directorate''s radar.

Swiss government spokesman Folco Galli told Headlines Today that the Indian government was informed about the fake documents by Swiss authorities in January 2007 itself. Further, the Swiss claimed to have submitted certain queries to the Indian government in April 2007 but New Delhi has not bothered to file a reply even 24 months later.

Since the black money issue became a major election plank for the Lok Sabha polls, the Centre claimed in the Supreme Court that it has been doing what it can to bring back the black money stashed in Swiss banks. The Centre's affidavit in the SC however fails to mention that the Swiss have questioned the authenticity of the documents.

In fact, the Swiss spokesman's answer seems to suggest there has been little or no action from the government's side for the last two years in seriously pursuing the probe against Hassan Ali Khan.

The last sentence in the response of the Swiss is telling. Galli says, "India makes only few requests per year to Switzerland for legal aid in tracking down black money."

Given the black economy is considered much bigger than the Indian economy, the UPA government has a lot to answer for.


Anonymous said...

This Karan fellow is a big joker. He thinks he is smart and provocative, but his bias oozes out in all this circus showmanship. Now that Congress party itself is feeling a poor performance, all these English media drumbeaters are ganging up to muster support for the mafia.

Anonymous said...


Did Mr. Sainath ever write about Agricultural success in Gujarat ?

Also see this