It is quite clear that Reliance and Pramod Mahajan of BJP have been hands in gloves to loot the people of this country.
regards, Samir Kindly refer to the following article written by Olga Tellis for The Asian Age http://www.asianage.com/ Surjeet demands Mahajan role probe - By Olga Tellis Mumbai, Feb. 12: CPI(M) leader Harkishen Singh Surjeet has called upon the UPA government to investigate the Mahajan-Reliance connection. "This is truly the time of a fiery test for the Manmohan government and its credibility would very much depend on how it conducts itself in this regard," Mr Surjeet writes in the February 13 issue of the CPI(M) mouthpiece People's Democracy in an article titled "Reliance-Mahajan Unethical Ties; BJP's Corrupt Face Once Again Bared". He quotes extensively from the February 6 issue of The Asian Age in the article. Relating how three companies were given one crore shares of Reliance Infocomm (RIC), and that these companies were linked to former communications minister Pramod Mahajan's family, Mr Surjeet writes: "Here we can only say that the whole Mahajan episode has come as a shock to the nation and that the government should properly investigate this issue. This is something the UPA government can ignore only to its peril." Tracing the Mahajan exposure to the fallout of what it calls "the bitter cold war" currently on between the Ambani brothers, Mukesh and Anil, over the business empire the late Dhirubhai Ambani had left, Mr Surjeet talks about RIC transferring one crore of its shares to three small companies for only Rs one crore (at just Re 1 per share). He also writes how one of these three firms, called Fairever, has been linked to a company called Global e-Secure, and that the latter's office address was precisely Fairever's address in Mumbai. "But the key part of the story is that Global e-Secure's managing director, Ashish Deora, is also the promoter of Indiaonline. And guess who are his co-promoters! None other than Mr Pramod Mahajan's daughter Poonam, and his son Rahul Mahajan, now an NRI. Mahajan's son-in-law Anand Rao has also been associated with this company, " he writes. He quotes The Asian Age to reveal "the circuitous route these gentlemen have been using — like all cheaters", and says, "It is clear that, insofar as the magnitude of this scam is concerned, the three benami companies that received the largesse from Reliance Infocomm have pocketed at least Rs 700 crores in this dubious manner. This is based on the fact that immediately before the cold war between the Ambani brothers broke out, Reliance Infocomm shares were being sold at Rs 700 per share." "Further, it is reported that the three benami companies were given an equal number of Reliance Infocomm shares. In that case, it means that the company promoted by Messrs Poonam Mahajan and Rahul Mahajan was handed over largesse of no less than Rs 233 crores, 33 lakhs 33 thousand 33 rupees and 33 paise (sic)," he writes. On the IDBI loan of Rs 10 crores to Indiaonline, Mr Surjeet says, "It is necessary to know whether the Industrial Development Bank of India (IDBI) had completed the necessary formalities and checked the credit-worthiness of IOL Broadband Limited before sanctioning it such a huge loan amount." Mr Surjeet writes that "IDBI's loan to IOL Broadband Limited, is a cause of concern". He compares it to UTI-64, which went into the red as "it made the very same type of investments in dubious or shaky companies". Giving his own comments on the Mahajan-Reliance relationship, Mr Surjeet recalls that "it was the same Mahajan who had pleaded that Reliance group's founder, the late Dhirubhai Ambani, must be honoured with a Bharat Ratna, the highest civilian award of the country". He also rues the fact that Mr Mahajan would compromise the security of the state to please the Ambanis. Quoting the report in The Asian Age of February 7 regarding the alleged fraud perpetrated by RIC and the US-registered Reliance Communications Inc (RCI) upon the public sector BSNL and MTNL, he writes: "The whole RCI episode in fact gives ample indication of what security hazards powerful and unscrupulous foreign telecommunication companies may pose after the Manmohan government has raised the FDI cap in telecom. It is thus clear that this party, the BJP, which used to shout patriotism from the rooftop, could go to any length to rush benefits to the Ambanis, even if it meant putting the country's security into jeopardy." Giving further instances of what he calls "Mahajan's unethical relation with the Ambanis", he claims that when there was a dispute between WLL and GSM companies when Mr Mahajan was communications minister in the Vajpayee government, Mr Mahajan intervened in the dispute in such a manner that it benefited the Reliance Group. "Mr Mahajan's intervention in patent laws was also of the kind that it only legalised certain illegalities — in order to benefit the Ambanis," Mr Surjeet claims. -------------------------------------------------------- Finally, things have started moving. We must remember to thank Olga Tellis and her team at The Asian Age for their tireless and fearless effort. Let us hope that all the people who have committed serious crimes are booked immediately and are severely punished. Some of us would want to label this as an attack of the communists. I would like to request these people to consider the gravity of the crimes committed before they decide to politicise this issue. No proponent of capitalism should try and fight against this action. In any country across the world, what has been done by the Reliance Group would have attracted severe punishment. They have played with the security of the nation. They have cheated their own shareholders. They have cheated their competitors. They have cheated their own government and all the people of India. They have premeditatedly and blatantly committed the above mentioned crimes out of insatiable greed. More importantly, it is all out in the open now. Your's truly had suggested in "2003 - Is a monster born - I" that it would be important to go after the root cause of all these crimes. These crimes have originated from the fountain of corruption in India. It is important that the GOI arrests all the directors of Reliance Infocomm immediately. The GOI should also arrest all those directors' of Reliance Industries limited who helped Reliance Infocomm to commit these crimes. In doing so, lot many people connected with the crimes will automatically get caught and punished. There is no need to focus on the other people. The focus should remain squarely on the Reliance Group. SAY NO TO RELIANCE Regards, Kaustubh Deshpande
