RBI or Robberer's Bureau of India

8/11/2019 RBI or Robberer's Bureau of India

1/45

S.O.S e - Voice For Justice- e-news weekly

Spreadingthe lightof humanity & freedom

Editor: Nagaraja.M.R.. Vol.10..Issue.37........13/09/2014

JUD!s or "rokers of Justice #https://sites.google.com/site/sosevoiceforjustice/judges-or-brokers-of-justice

ROBBERERS BUREAU OF INDIA or Reserve Bank of

India ?SOILED NOTE FRAUD CASE @ RBI BANGALORE

- Trauma of an old man

Complete cae deta!l alo a"a!la#le at $ttp%&&mem#er'l(co'co'u)&*anapat$!$ar!ram&

A per alle*at!on of RBI mana*ement Ban*alore !n +,-, . cr!m!nal

ne/u of RBI emplo(ee tole R' 001111 from RBI Ban*alore' All t$e

#an) . *o"ernment treaur!e !n 2arnata)a . u#m!t defaced & o!led

currenc( note to RBI Ban*alore !n e/c$an*e for *ood note' RBI after

collect!n* uc$ defaced currenc( note . ort out fa!rl( *ood note3$!c$ can #e re!ued 4 #urn off t$e rema!n!n* totall( defaced

currenc( note' All t$ee proce ! done !n a (temat!c manner'

A per alle*at!on of t$e mana*ement . t$e cr!me too) place !n t$e

per!od of +,-, at RBI Ban*alore' A ne/u of emplo(ee. too) a3a(

t$e currenc( #undle meant for detruct!on 4 u#t!tuted !t !n t$e

place of #undle of re!ua#le'

C$ar*e $eet !ued #( RBI Ban*alore off!ce to mr'G'5ar!ram

Staff no'67,8&+97&8:-89 dt + apr!l +,89Amended c$ar*e $eet taff no 6,8&+97-8:&89 dt 8 apr!l +,89

CBI $a c$ar*e $eeted + emplo(ee !n connect!on 3!t$ t$! cae .

cae olde no' cc6:&+,8, ne3 no' c :67&+,,+ ' t$e

$onoura#le 0+ c!t( add!t!onal c!t( c!"!l 4 e!on court Ban*alore !n

!t; order dated 0:'1+'+,,0

d!c$ar*ed 16 c$ar*e $eeted emplo(ee . a t$e proecut!on

fa!led to pro"e t$e c$ar*e a*a!nt t$em' T$e( came out clean . a

t$e( 3ere !nnocent addled 3!t$ t$e cr!me done #( ot$er' One of t$ec$ar*e $eeted emplo(ee 3$o turned appro"er for t$e proecut!on. $a

*!"en deta!led account of t$e cr!me' No3$ere $e $a ment!oned t$e!n"ol"ement of accued no'+9 mr'G'5ar!ram !n t$e cr!me'

E"en after com!n* out clean. mr'G'5ar!ram 3a not re!ntated !nto

er"!ce #( RBI' T$e( *a"e t$e rue of domet!c en


2/45

$a e"en lot $! oc!al pret!*e. d!*n!t( . $! fam!l( uffered a lot4 $e ! a mental 3rec) toda('

$( RBI aut$orot!e are $ell #ent upon to end a3a( t$e !nnocent &

cape *oat a3a( from er"!ce 3$( CBI d!dn;t conduct pol(*rap$ tet

of all t$e accued . pec!f!call( $!*$er off!cer of RBI . mana*er

of RBI off!ce Ban*alore pro#a#l( t$e cape *oat 3ere a3are of t$e

cr!me mater m!nded #( $!*$er up 4 d!dn;t co-operate 3!t$ t$e $!*$er

up !n t$e!r cr!me' So. t$e cr!m!nal 3ere afra!d t$at t$e cape

*oat 3!ll #lurt out trut$ to t$e 3orld . f!/ed non co-operat!n*!nnocent t$emel"e a cr!m!nal'

$o 3!ll *!"e ut!ce to !nnocent l!)e old man mr'G'5ar!ram 4 3$o3!ll #ell t$e corrupt . cr!m!nal . fat cat of RBI

$"% OV!$O$ 'iding (rime %nformation

APPLICATIO !O" I!O"#ATIO A$ P%" "TI ACT &''(

) $%% "*L% && O! "TI ACT &''( +

!*LL A#% O! T,% APPLICAT : AA"AA.#.".

A"%$$ O! T,% APPLICAT : AA"AA.#.".0

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3 LI-& / 4560 OPP 7AT%" 7O"8$ O!!IC%0

,*CO !I"$T $TA%0 LA9#I8ATAAA"0

,%AL0 #;$O"% 0 8A"ATA8A PI < (4''64.

=Po>er >ill go to the h?@ds of r?sc?ls0 0 rogues ?@d freebooters. All I@di?@ le?ders

>ill be of lo> c?libre ?@d me@ of str?>. The >ill h?ve s>eet to@gues ?@d sill

he?rts. The >ill fight ?mo@g themselves for po>er ?@d >ill be lost i@ politic?l

sBu?bbles . A d? >ould come >he@ eve@ ?ir 2 >?ter >ill be t?ed.= $ir 7i@sto@

m?de this st?teme@t i@ the ,ouse of Commo@s just before the i@depe@de@ce of

I@di? 2 P?kist?@. $?dl 0 the fore>?r@i@g of L?te 7i@sto@ Churchill h?s bee@

proved right b some of our crimi@?l 0 corrupt peopleDs represe@t?tives 0 police 0

public serv?@ts 2 udges. $ome of the belo> me@tio@ed public serv?@ts f?ll

?mo@g the c?tegor of churchillDs me@ < "ogues 0 "?sc?ls 2 !reebooters.7e s?lute ho@est fe> i@ public service 0 our >hole he?rted respects to them.

,%"%; 0 I O ,*#L; "%E*%$T ;O* TO I1% #% 7"ITT%

$TAT%#%T$ / A$7%"$ TO T,% !OLLO7I E*%$TIO$ < 7,IC, I

IT$%L! ) ie ?@s>ers + A"% T,% I!O"#ATIO $O*,T ; #%. ,%"%

7IT, I A# $%%8I OT T,% OPIIO$ AO*T $O#% ,;POT,%TICAL

I$$*%$ 0 *T ;O*" O!!ICIAL $TA 0 L%AL $TA O I$$*%$


3/45

7,IC, A"% O! !"%E*%T OCC*""%C% 7,IC, A"% 1IOLATI

P%OPL%D$ !*A#%TAL "I,T$ 2 ,*#A "I,T$. 7% O ,A1%

,I,%$T "%$P%CT$ !O" *ICIA"; 2 ALL P*LIC I$TIT*TIO$ 0

T,I$ I$ A APP%AL !O" T"*T, 0 I!O"#ATIO $O T,AT TO

APP"%,% CO""*PT !%7 I P*LIC $%"1IC%0 7,O A"% AII 2

A%TTI T%""O"I$# 0 *%"7O"L 2 C"I#IAL$.

%TAIL$ O! OC*#%T$ / 7"ITT% $TAT%#%T$ / I!O"#ATIO

"%E*I"% from CPIO 0 C/o PC# ?@d $ecret?r 0 $ecret?rDs ep?rtme@t 0

"eserve ?@k of I@di? 0 65 th floor0 Ce@tr?l Office uildi@g 0 $h?hid h?g?t $i@gh

#?rg 0

#umb?i < F'' ''6 :

,%"%; 0 I O ,*#L; "%E*%$T ;O* TO I1% #% 7"ITT%

$TAT%#%T$ /

A$7%"$ TO T,% !OLLO7I E*%$TIO$ - 7,IC, I IT$%L! ) ie?@s>ers +

A"% T,% I!O"#ATIO $O*,T ; #%.

7IT, "%$P%CT TO CA$% O old CCGF / 6HH 2 %7 O $CFG5/6HH6 AT

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$T AITIOAL CIT; CI1IL 2 $%$$IO$ CO*"T AALO"%

C,A"% $,%%T% O!!IC%" #"..,A"I"A# "I AALO"%

C,A"% $,%%T O st?ff @o.G5H/6(5/F-( dt '6.'6.6H(

Ame@ded ch?rge sheet st?ff @o.G4H/6(5-F/( dt '.'F.6H(

6. 7h did@Jt ou @otice the ?lleged crimes of 6H44 0 4 2 4H till themid of 6H4H K

&. This crime c?me to light o@l due to ?@o@mous pho@e c?lls of good

$?m?rit?@s to ?uthorities 0 but @ot due to our i@spectio@ . is our

i@spectio@ divisio@ >orki@g properl K

G. >h there is @o securit check up of officers duri@g e@tr 2 eit

out of premises K

F. >h there is @o i@dividu?l >eighme@t 0 i@dividu?l st?teme@t of

v?lue of b?gs of reissu?ble @otes 2 b?gs of @ote me?@t for destructio@

0 ?fter sorti@g is do@e0 >h the ?re @ot t?llied >ith tot?l >eight 0v?lue of @otes issued for sorti@g K

(. Immedi?tel ?fter @otici@g the crime0 >h did @ot ou tr?@sfer ?ll

the emploees of those sectio@s K

5. >h did @ot ou t?ke steps to preserveG 2 protect respective

docume@ts rel?ti@g to such high profile crime K


4/45

4. >h did@Jt ou immedi?tel issue ch?rge sheet to ?ll the ?ccussed 2

>?ited till 6HG K

. 7h "I h?s left out 0 so m?@ officers ) >ho >orked i@ the s?me

sectio@s for more period th?@ ?ccused officers + from domestic

e@Buir KH. >h CI ?lso f?iled to put those people i@ the ch?rge sheet before

the court K

6'. is it bec?use the >ere i@ f?vor?ble terms >ith the vested

i@terests K

66. did the CI d?@ce to the tu@e of vested i@terests i@ "I >hile

prep?ri@g ch?rge sheet 2 duri@g i@vestig?tio@ 0 i@ste?d of

i@depe@de@t i@vestig?tio@ K

6&. those left out prob?bles from the ch?rge sheet might h?ve c?used

the destructio@ of evide@ces / records. uri@g the course of domestic

e@Buir / court proceedi@gs 0 it h?s bee@ recorded th?t some records

h?ve bee@ destroed. Are @ot CI 2 "I respo@sible for destructio@ of

evide@ces 0 ?idi@g true crimi@?ls get ?>? K

6G. i@ @orm?l times 0 >h?t is the period specified i@ "I regul?tio@s

for preservi@g old docume@ts / records K

6F. ?fter @otici@g such ? high profile crime the "I must h?ve t?ke@

utmost c?re to preserve such old records for i@defi@ite time 0 for

produci@g before courts of l?> ?s 2 >he@ dem?@ded. ut it did@Jt 0

>h K

6(. does @ot this poi@t to co@@iv?@ce of higher ?uthorities of "I 0>ith the crimi@?ls K

65. "I ?uthorities h?ve co@ducted domestic m?ss e@Buiries 0 i@ste?d

of i@dividu?l e@Buiries 0 is it @ot detrime@t?l to the rights of

defe@se K

64. "I ?uthorities h?ve st?ted th?t court proceedi@gs 2 domestic

e@Buir ?re i@depe@de@t of e?ch other 2 ?re @ot bi@di@g o@ o@e

?@other. ,o>ever "I ?uthorities str?ight ?>? took o@ record of

domestic e@Buir the court st?teme@ts 0 evide@ces 0 but did@Jt ho@our

the order of s?me court of l?> K >h this double st?@d?rd b "I K6. The ?lleged crime >?s committed i@ 6H44-4H0 but ch?rge sheet >?s

fr?med i@ mid 6H( 0 >h this lo@g del? K

6H. did@Jt this f?cilit?te the m?stermi@ds of crime to destro 0

m?@ipul?te evide@ces K

&'. ?s st?ted before court 0 i@deed some records 0 &&@d curre@c @ote

p?cket >ere missi@g 0 >ho is respo@sible for it K


5/45

&6. h?s the CI co@ducted e@Buir 0 polgr?ph test of "I higher

officers - $.."AA 0 7.$.$A"A! 0 .P.A7A$T,I 0 .#IT"A 2 others 0

if @ot >h K

&&. is it @ot due to i@efficie@c 0 @eglige@ce of dut b such high

r?@ki@g m?@?gers 0 th?t such ? crime occurred i@ "I ?@g?lore K&G. >h?t discipli@?r ?ctio@ "I h?s t?ke@ ?g?i@st the i@efficie@t 0

@eglige@t higher offici?ls K

&F. >h?tever i@ter@?l rules ?@ org?@iM?tio@ m?kes must be >ithi@ the

li@e of l?>. If such i@ter@?l l?>s of the org?@iM?tio@ ?re viol?tive

of l?> 0 fu@d?me@t?l rights of emploees 0 such i@ter@?l rules become

illeg?l. Are @ot the >? of "I discipli@?r proceedi@gs illeg?l K

&(. ?s per "I pe@sio@ regul?tio@s 6HH' 0 "I h?s the right to deduct

?@ loss c?used to the b?@k 0 from the pe@sio@ of "I emploee if the

misco@duct of emploee is proved i@ judici?l proceedi@gs . eve@ though

mr..,?rir?m c?me out cle?@ from the court 0 >h "I h?s de@ied his

pe@sio@ K

&5. judici?l courts of l?> ?re ?ppell?te ?uthorities over 2 ?bove 0

domestic e@Buir committees 2 judici?l orders supersedes the domestic

e@Buir proceedi@gs. $till "I sho>ed co@tempt of court 2 did@Jt

rei@st?te mr...,?rir?m i@to service 0 >h K

&4. eve@ if ?@ emploeeJs misco@duct c?usi@g loss to the b?@k is

proved 0 before de@i@g him pe@sio@ )to>?rds m?ki@g up loss to the

b?@k+ 0 previous s?@ctio@ of the ce@tr?l bo?rd of "I must be t?ke@.

ut i@ mr..,?rir?mJs c?se 0 pe@sio@ >?s de@ied i@ full >ithout t?ki@gprevious s?@ctio@ of the ce@tr?l bo?rd of "I 0 is it @ot illeg?l K

&. "I ?lleged th?t mr...,?rir?m c?used loss to the tu@e of "s.6F'''

to the b?@k 2 recovered it from his provide@t fu@d dues. There >?s

@othi@g left over to recover 0 still "I completel de@ied pe@sio@ to

mr..,?rir?m 0 >h K

&H. ide?ll0 domestic e@Buir fi@di@gs / discipli@?r ?ctio@s should

be completed first 0 the@ the emploee c?@ ?ppe?l to ?ppropri?te court

of l?>. I@ mr..,?rir?mJs c?se 0 CI 2 "I f?iled to prove the ch?rges

i@ court of l?> 0 ?s ? result court disch?rged him from the ch?rges.To cover-up itJs f?ilures "I m?@?geme@t dr?gged domestic e@Buir much

beo@d court orders d?te 2 g?ve fi@di@gs i@dicti@g mr...,?rir?m. does

the e@Buir officer of domestic e@Buir thi@k th?t he is over 2 ?bove

the court of l?> K is it @ot illeg?l 2 co@tempt of court K


6/45

G'. ide?ll 0 "I ?uthorities should h?ve ?ppe?led to higher court

?g?i@st lo>er court order disch?rgi@g mr..,?rir?m from ch?rges. ut

it >?s @ot do@e 0 >h K

G6. did the "I p? i@terim relief to mr..,?rir?m 0 duri@g suspe@sio@

period KG&. the u@due del? i@ fili@g ch?rge sheet 0 co@seBue@t destructio@ of

ke evide@ces 0 disho@our / co@tempt of court orders 0 u@due h?ste i@

givi@g fi@di@gs 0 dismiss?l 0 de@i?l of of pe@sio@ >ithout ce@tr?l

bo?rdJs s?@ctio@ 0 ?ll poi@t to>?rds crimi@?ls >ithi@ "I higher

m?@?geme@t. 7h?t discipli@?r ?ctio@ h?s bee@ t?ke@ ?g?i@st

.P.A7A$T,I0 $.."AA0.#IT"A0 7.$A"A! 2 others K if @ot >h K

GG. >h ch?rge sheet >?s ?me@dedK Is it leg?l K

GF. did the ch?rge sheet >?s ?me@ded to f?lsel implic?te

mr...,?rir?m 0 b i@cludi@g c?@celled @ote v?ult i@ the ch?rge

sheet K

G(. does @ot this itself sho> th?t it is @ot st?teme@t of ?ctu?l

h?ppe@i@gs / f?cts 0 but ? cu@@i@g plo to misle?d i@vestig?tio@

to>?rds fied i@@oce@ts from ?ctu?l crimi@?ls K

G5. is it true th?t th?t o@l (N of s?mple i@spectio@ is do@e out of

bu@dled verified defective @ote p?ckets K

G4. is @ot the co@duct of joi@t / m?ss e@Buiries of ?ll ch?rge sheeted

officers illeg?l K

G. ho> come such ?@ import?@t evide@ce &&@d @ote p?cket >e@t

missi@g KGH. is it bec?use it m? poi@t to>?rds re?l crimi@?ls K

F'. ?s per the st?teme@t of m?@?geme@t >it@ess / i@spectio@ he?d /

epert mr.vije@dr? r?o 0 the @otes of e?rlier d?tes h?ve bee@ removed

from p?ckets m?de i@to @e> bu@dles 0 right K

F6. ?s per his st?teme@t 0 e@tire certific?tes 0 se?ls of some ?sst

tre?surers ?re there 0 >ho did@Jt >ork ?t ?ll o@ th?t d? is @ot it K

F&. does @ot it sho> th?t some bod else >?s misusi@g the se?ls 0

putti@g some i@@oce@ts se?ls over the @otes K

FG. does it @ot sho> th?t 0 crime h?s t?ke@ pl?ce ?t verific?tio@sectio@ K

FF. does it @ot sho> i@volveme@t of some ?sst tre?surers K

F(. >h ?sst tre?surers h?ve @ot bee@ ch?rge sheeted K

F5. >h i@spectio@ of "I ?@g?lore office >?s @ot do@e bet>ee@ 6H4( 2

6H4H K


7/45

F4. is it @ot true th?t ou f?iled to produce ?ll records sho>i@g

i@ter@?l i@spectio@ / ?udits 0 duri@g domestic e@Buir 2 court

proceedi@gs K

F. our epert mr.vije@dr? r?o h?s st?ted th?t some se?l m?rks ?re

smudged 0 he h?s st?ted some se?l m?rks ?ppe?rs to be so 2 so. ,e h?scle?rl @o>here st?ted th?t this se?l m?rk is e?ctl this 0 so he

himself is @ot 6''N sure K

FH. our epert @o>here s?id th?t 6''N sure this se?l m?rk is this 0

o@ th?t d? this se?l >?s issued to mr..,?rir?m 0 is@Jt it K

('. our epert s?s duri@g 6H4( 0 he did@Jt @oticeG ?@ fr?ud.

,o>ever ?pprover s?s fr?ud >?s there before mid 6H44 ?lso. 7h @o

?ctio@ h?s bee@ t?ke@ K

(6. >h ou did@Jt produce ?ll records of ?ll perso@s 0 >ho h?ve

specific?ll >orked i@ ?lleged sectio@s 0 the registers of those

dep?rtme@ts >ith d?il ?ctivit report co@t?i@i@g se?l @os 0 p?cket

@os 0 b?g @os 0 etc K

(&. ?re @ot their ch?@ces of some crimi@?ls putti@g the se?l m?rks of

i@@oce@t officers over the @otes 0 bu@dles 0 b?gs 0 etc K

(G. our epert is @ot 6''N sure of se?l m?rk 0 our records ?re @ot

there to prove the prese@ce of ch?rge sheeted officers i@ the ?lleged

sectio@s 0 @either our epert @or our records ?re 6''N sure o@ >h?t

d?te 0 ?t >h?t st?ge 0 b >hom crime >?s committed 0 is@Jt it K

(F. is @ot the ch?rge sheet ?mou@ti@g to higher ups picki@g up

officers the dislike 2 f?lsel implic?ti@g them K((. is it @ot cu@@i@g plo of higher ups to divert ?tte@tio@ from

origi@?l crimi@?ls K

(5. >h @o ?ctio@ >?s t?ke@ ?g?i@st curre@c officer of 6H44-4H

mr..#itr? K >h his pe@sio@ 0 super ?@@u?tio@ be@efits >ere @ot

>ithheld K

(4. >h?t is our justific?tio@ 0 supporti@g evide@ce 0 records for

picki@g up o@l three officers i@cludi@g mr..,?rir?m for leg?l

prosecutio@ ?@d le?vi@g the m?jorit of prob?bles K

(. >h ou h?ve dropped ch?rges ?g?i@st five ?sst tre?surers K >hou did@Jt eve@ co@duct domestic e@Buir ?g?i@st them 0 let ?lo@e

leg?l prosecutio@ K

(H. Is it "IJs 2 CIJs >? of f?ir pl? 2 justice K

5'. ?s i@l (N s?mpli@g of verified @ote bu@dles ?re do@e 0 there ?re

more possibilities of rebu@dled p?ckets getti@g u@@oticed i@ rel?ed

H(N lot 0 is@Jt it K


8/45

56. ou h?ve left out so m?@ officers >ho >orked i@ those sectio@s0

some of >hom eve@ bec?me m?@?geme@t >it@esses 0 i@ste?d of bei@g

ch?rge sheeted b the m?@?geme@t0 is it f?ir pl? 2 leg?l K

5&. >ho ?re the b?@k emploees 0 from >hom ou h?ve recovered the

?lleged b?@k loss of "s.&&'''' K5G. >ere ?ll of them ch?rge sheeted 0 e@Buired 0 leg?ll prosecuted 0

dismissed 2 their pe@sio@ 0 gr?tuit >ithheld K

5F. ou do@Jt h?ve ?@ i@ter@?l st?tuot?r records to prove th?t

mr..,?rir?m >orked i@ those dep?rtme@ts 0 ecept ? curre@c officerJs

office @ote d?ted just o@ the eve of ch?rge sheet e?rs ?fter the

?lleged crime K does it @ot prove th?t this @ote h?s bee@ co@cocted

just to fi mr..,?rir?m K

5(. >here ?s ou h?ve records of other offici?ls ?tte@d?@ce i@ those

dep?rtme@ts 0 but @ot ch?rge sheeted them >h K

55. three officers of st?ff gr?de A d?il >ork i@ three sectio@s out

of F' officers 0 >h ou h?ve picked up o@l mr..,?rir?m 0 out of

6'H( >orki@g d?s 0 he h?s >orked for o@l &&G d?s i@ those

sectio@s 0 still those officers >ho >orked for more d?s i@ those

sectio@s ?re @ot ch?rge sheeted >h K the ?pprover 0 the m?@?geme@t

epert >it@ess 0 shift registers 0 1& registers 0 estructio@

certific?tes 0 !orm C (( 0 etc 0 @obod 0 @o records >ere ?ble to s?

o@ >h?t d?te 0 ?t >h?t st?ge 0 b >hom crime took pl?ce 0 ?lso the

>ere u@?ble to s? o@ >h?t d?te ?t >h?t st?ge crime >?s committed b

mr..,?rir?m K is it @ot futile im?gi@?tio@ 0 cu@@i@g plo of "Ihigher ?uthorities to fi i@@oce@t #r..,?rir?m K

54. the m?@?geme@t epert >it@esses s?id 0 the most prob?ble pl?ce of

crime is pu@chi@g / C?@celled ote 1?ult 0 i@ci@er?tor 0 >here ?sst

tre?surers >ere joi@t custodi?@s . the >ere @ot e@Buired 2 let off

>h K

5. the ch?rge sheet ?lleges etr?ctio@ / substitutio@ of

def?ced @ote p?ckets. 7here ?s the m?@?geme@t epert >it@ess s?

substitutio@ of def?ced @otes o@l K is @ot there differe@ce bet>ee@

loss of o@e @umber of @ote 2 6'' @umber of @otes K5H. ?s per the @orm?l course of dut 0 st?ff officers does @ot

cou@t @otes i@ e?ch bu@dles 0 but the just cou@t the @umber of

bu@dles o@l. Is @ot there ch?@ces of i@serted @ote bu@dles or bu@dles

co@t?i@i@g less @umber of @otes goi@g u@@oticed K is it @ot the

f?ilure of st?tuot?r sstem of >ork pr?ctices K


9/45

4'. does @ot ?ll these prove higher ?uthorities of "I 2 CI

>ere hell be@t to fi mr..,?rir?m 2 to shield the origi@?l

crimi@?ls K

Euestio@s >ith respect to other c?ses :

46. ho> do ou mo@itor the >ork of b?@k offici?ls @omi@?ted ?sdirectors of comp?@ies >hich h?ve ?v?iled b?@k lo?@s K

4&. ho> do ou mo@itor the >ork of comp?@ies 0 i@ >hich b?@ks

h?ve i@vested K

4G. ho> do ou mo@itor the r?pid >e?lth gro>th of cert?i@ b?@k

offici?ls 0 >ho >ork i@ sh?res i@vestme@t / eBuit fu@ds sectio@ 0

etc K

4F. i@spite of project reports b b?@k offici?ls 0 over

?ssessme@t of coll?ter?l securites / v?lue of debtor comp?@ies b b?@k

offici?ls 0 the lo?@s become PAs 2 full v?lue c?@@Jt be re?liMed i@

the m?rket b selli@g off the ?ssets of debtor comp?@ies ?lso. I@ such

c?ses 0 >h?t ?ctio@ is t?ke@ ?g?i@st erri@g b?@k offici?ls >ho collude

>ith crimi@?l i@dustri?lists for ?v?ili@g higher ?mou@t of lo?@ th?@

permissible K

4(. give b?@k>ise specific figures of PAs.

45. give @?mes of i@dustri?l groups / promoters >hose

comp?@ies h?ve become PAs 0 so th?t public c?@ be ?>?re of them 0

before i@vesti@g i@ @e> comp?@ies promoted b them.

44. is @ot collectio@ of lo?@ from debtors of b?@k through

ro>dies / recover ?ge@ts 0 illeg?l K4. >h @ot crimi@?l compl?i@ts filed ?g?i@st b?@k m?@gers for

?idi@g 0 ?betti@g ro>dism 0 murderi@g people K

4H. if our method of emploi@g ro>dies to collect lo?@s of "s.

6'''' from commo@ers is right 0 >h?t >ould ou do to ? promoter of ?

debtor comp?@ to recover lo?@s of crores of rupees 0 sup?ri killi@g K

but debtors of crores of rupees is let off cooll b b?@ks 0 >h K

'. >h?t is the e?ct ?mou@t of loss c?used to the echeBuer

b k?rim l?l? telgi >ho pri@ted f?ke st?mp p?pers K

6. >h?t ?ctio@ h?s bee@ t?ke@ ?g?i@st those i@volved K&. h?ve ou t?ke@ ?ctio@ ?g?i@st ?ll those me@tio@ed b telgi

duri@g @?rco ?@?lsis test 0 if @ot >h K is it bec?use the ?re

po>erful 2 big>igs K

G. ho> ou ?re co@trolli@g the illeg?l fi@?@ce ?ctivities 0

mo@e le@di@g b i@dividu?ls 0 p?>@ brokers 2 chit fu@d comp?@ies K


10/45

F. ho> ou ?re mo@itori@g the receipt of public do@?tio@s 0

foreig@ do@?tio@s b m?@ Os K

(. ho> m?@ erri@g Os 0 chit fu@d comp?@ies 0 p?>@

brokers 0 i@dividu?ls ou h?ve booked for illeg?l fi@?@ce ?ctivities K

Euestio@s rel?ti@g to "I C*""%C; OT% P"%$$ #;$O"%5. >ho >ere respo@sible for selli@g the good pri@ti@g m?chi@e ?t

securit press @?sik to sc?mster k?rim l?l? telgi ?s scr?p K

4. >ho recruited the c?@did?tes belo> merit r?@ki@gs i@ "..I for

>h?t crimi@?l roles K

. ho> m?@ irregul?rities h?ve t?ke@ pl?ce i@ "..I till d?te K

H. >ho is respo@sible for i@st?lli@g0 oper?ti@g 2 supervisi@g the

securit set-up i@ "..I K

H'. ho> the r?> m?teri?ls ie @umber of p?per sheets0 i@k0 etc ?re

?ccou@ted for i@ i@>?rd stores 2 >hile issui@g for pri@ti@g KH6. ho> >?st?ges0 scr?p of i@k 0 p?pers 0 etc i@ the pri@ti@g process

?re ?ccou@ted forK

H&. ,o> the fi@ished goods ie curre@c @otes ?re ?ccou@ted for K

HG. 7ho keeps phsic?l figures 2 possessio@ of goods0 i@ve@tor of

?ll the ?boveK

HF. ,o> the scr?p p?per is disposed off K

H(. !rom securit ?@gle >ho keeps tr?ck from st?rt till disp?tch K

H5. ive me the merit r?@ki@g list of ?ll c?@did?tes for the

post of stores ?ssist?@t i@ "#PL i@ the e?r 6HH(-H5 K

H4. give me the merit r?@ki@g list of ?ll c?@did?tes for the

post of process ?ssist?@t ?t "#PL i@ the e?r 6HH5 K

H. give me the merit r?@ki@g list of ?ll c?@did?tes for the

post of process ?ssist?@ts 2 m?i@te@?@ce ?ssist?@ts ?t "#PL i@ the

e?r 6HH5-6HH K

HH. is @ot "I 2 "#PL ?uthorities cre?ted b st?tuot?r

l?>s 0 full fu@ded b public mo@e ie from gover@me@t echeBuer K

6''. still >h "#PL 2 "I refused to ?@s>er m previous

i@form?tio@ reBuest ?s per "TI Act K ?re ou ?fr?id th?t skeleto@s

>ill come out of cubbo?rd K

6'6. >h?t ?ctio@ i@iti?ted ?g?i@st the $I br?@ch ?@g?lore 2 $I

Overse?s br?@ch for loss of cheBue / dr?ft ?mou@ti@g to crores of

rupees K if @ot >h K

6'&. give me specific figures b?@k >ise >ith respect to loss c?used

to the b?@k b loss of cheBues or dem?@d dr?fts 0 etc K


11/45

6'G. ho> "I is co@t?i@i@g crimes of loss of cheBues / s c?usi@g

huge losses to the b?@ks to the tu@e of crores of rupees K

;%A" TO 7,IC, AO1% P%"TAI$ : #AO"IT; O! OC*#%T$

P%"TAI$ TO ;%A"

6H o@>?rds . $O#% O! T,% OC*#%T$ A"% AT% AC8 TO 6HF4.

P*LIC I!O"#ATIO O!!IC%" !"O# 7,O# I!O"#ATIO I$

"%E*I"% :

CPIO 0 C/o PC# ?@d $ecret?r 0 $ecret?rDs ep?rtme@t 0 "eserve ?@k of I@di?

0 65 th floor0 Ce@tr?l Office uildi@g 0 $h?hid h?g?t $i@gh #?rg 0 #umb?i < F''

''6

!%%$ PAI : IPO &&! &&' for rupees te@ o@l

AT% : &5.'.&'6F ..AA"AA.#.".

PLAC% : #;$O"% 0 IIA.. .) APPLICAT+

There is a higher court than the court of justice and that is the court of conscience It

supercedes all other courts.

- Mahatma Gandhi
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12/45

DAMAGES PAYMENT / SHOW-CAUSE NOTICE TO GOVERNOR

RESERVE BANK OF INDIA

I dont know whth! "#!t$!%$t "t$& o' RBI o(# ) DARPG *

DPG o(#%$+" $! 'o!w$!d%n, . $//$+" 'o! 01"t%# 2 -$%+" to .o1o! not3 Th. w%++ 4 h+d $##o1nt$4+ 'o! th%! +$/"" %' $n.3 Th%"not%# %" $,$%n"t th !/$td '$%+1! o' #on"t%t1t%on$+ d1t%" )%nd%!#t #o++1"%on w%th #!%%n$+" 4. /!5%o1" RBI Go5!no!"3 Not%#%" "!5d $,$%n"t th 2 to th o(# o' RBI GOVERNOR 2 NOT/!"on$++. $,$%n"t .o13 At th %nd%5%d1$+ +5+ I do who+ h$!td+.!"/#t .o1! hono1!$4+"+'3

In %nd%$ do#!$#. %" $ '$!# 2 '!do $ %!$,3 th o"t4$"%# '!do RIGHT TO INFORMATION ) E6PRESSION 2 %" nothono1!d 4. th ,o5!nnt2$" th %n'o!$t%on o/n" 1/ th#!%" o' V3V3I3P") +$d" to th%! %++-,ottn w$+th3 Th /14+%#"!5$nt" $! +$"t 4oth!d $4o1t th +%5" o' /o/+ o! 01"t%# toth3 th" t./ o' '$t #$t" 2 /$!$"%t" $! $ d!$%n on th /14+%#7#h81! 3 th" /o/+ w$nt 2w%"h to " d$d 2 w%"h to "HUMAN RIGHTS WATCH #+o"d 3 "o th$t2 $ 5o%# $,$%n"t %n01"t%#" %""%+n#d 'o!5! 2 th #!%" o' V3V3I3P"#+o"d 2 41!%d 'o!5!3

To . n1!o1" $//$+" 2 HRW" $//$+" to .o1 2.o1 h$5 not.t !/+%d3 It #+$!+. "how" th$t .o1 $! +$"t 4oth!d $4o1t th+%5" o' /o/+ o! 01"t%# to th 3%t /!o5" th$t .o1 $! h++ 4nt

to /!ot#t th #!%%n$+" $t $n. #o"t3 .o1 $! 01"t /!""1!%"%n,th /o+%# to n81%! 2to t$k . "t$tnt2 to !/$td+. #$++ to /o+%# "t$t%on $++ w%th $ 5%w to "%+n# 3$++ o' .o1 n0o.9+,$+ %1n%t. /!%5%+,": 2wh. dont .o1 h$5 ,%5n /ow!" toth /o+%# * %n5"t%,$t%n, o(#! to "1on $++ o' .o1 'o! n81%!. ;o!+" wh. dont $++ o' .o1 $! not $//$!%n, 4'o! th /o+%#5o+1nt$!%+. 'o! n81%!. ;$t th +$"t wh. dont $++ o' .o1 $! not"nd%n, .o1! "t$tnt $4o1t th #$" to th /o+%# %th! th!o1,h+,$+ #o1n"+ o! th!o1,h /o"t; .o1 $! $%d%n, #!%%n$+" 24. dn.%n, 0o4 o//1!t1n%t%" %n R3B3I CURRENCY NOTE PRESS ."o! 2 #%t.#%5%+ #o1!t 24$n,$+o! 2 d%"t%#t #o1!t 2 ."o! 2t# ) 4. %++,$++.

#+o"%n, . nw"/$/!3th! %" $ ,!o""2 tot$+ %"$t#h 4twn .o1! $#t%on" $nd .o1! o$tho' o(#3 th%" $o1nt" to /14+%# #h$t%n, ) o!$+ t1!/%t1d on.o1! /$!t3


13/45

@3.o1 $! "/on"o!%n, ) $%d%n, t!o!!%" ) o!,$n%?d #!%33.o1 $! 5%o+$t%n, th '1nd$nt$+ ) h1$n !%,ht" o' th #%t%?n"o' %nd%$ $nd o' n%,h4o1!%n, #o1nt!%"33.o1 $! 5%o+$t%n, ) $k%n, #ont/t o' th U3N HUMAN RIGHTSCHARTER to wh%#h %nd%$ %" $ "%,n$to!.3

3.o1 $! o4"t!1#t%n, '!o /!'o!%n, . '1nd$nt$+ d1t%" $"$ #%t%?n o' %nd%$3

3 A" $ !"1+t o' .o1! ,!o"" n,+%,n# o' #on"t%t1t%on$+ d1t%" .o1h$5 #$1"d d$$," * +o""" to th t1n o' RUPEES TWOCRORE ONY3

.o1 $! h!4. #$++d 1/on to P$. d$$," to $nd SHOW-CAUSE w%th%n > d$." 2 wh. .o1 #$nnt 4 +,$++. /!o"#1td 'o! th$4o5 nt%ond #!%" 3

I' % $ !/$td+. #$++d to /o+%# "t$t%on o! +" wh! 'o! th "$k

o' %n5"t%,$t%on" 2 th +o""" % do %n#1!! $" $ !"1+t +%k +o"" o'w$," 2 t!$n"/o!t$t%on 2 0o4 2 t# 1"t 4 4o!n 4. th ,o5!nnt3/!5o%1"+. th /o+%# * IB /!"onn+ !/$td+. #$++d th#o/+$%n$nt "1&!! o' %n01"t%#" to /o+%# "t$t%on 'o!81"t%on%n, 2 41t n5! #$++d th ,1%+t. #1+/!%t" 5n on# to /o+%#"t$t%on 'o! 81"t%on%n, 2 $" th #1+/!%t" $! h%,h ) %,ht. 3 th%" t./o' on "%dd 81"t%on%n, 1"t not 4 don 4. /o+%# o!%n5"t%,$t%n, $,n#%" 3 %' $n.th%n, 1ntow$!d h$//n" to o! to. '$%+. 4!" +%k +o"" o' 0o4 2 t%n, w%th h%t ) !1n$##%dnt" 2 +o"" o' +%5" 2 t# 2 th 01!%"d%#t%on$+ /o+%# to,th! w%th$4o5 nt%ond $##1""d /14+%# "!5$nt" w%++ 4 !"/on"%4+ 'o! %t3

E5n %' #!%%n$+ n71" +5+" '$k #h$!," 2 /o+%# + '$k #$""$,$%n"t o! . d/ndnt" to "%+n# 2 th%" #o/+$%nt %" )w%++ 4 t%53

%' $n.th%n, 1ntow$!d h$//n" to o! . d/ndnt" 2 th,o5!nnt o' %nd%$ %" +%$4+ to /$. R"3 TWO #!o! $" #o/n"$t%onto "1!5%5o!" o' . '$%+.3 %' . who+ '$%+. %" +%%n$td 4. th#!%%n$+ n71" 2thn th$t #o/n"$t%on on. 1"t 4 don$td toInd%$n A!. W+'$! F1nd3 $'t!w$!d" 2 th on. 1"t 4!#o5!d 4. GOI $" +$nd $!!$!" '!o th "$+$!. 2 /n"%on 2/!o/!t. 2 t# o' ,1%+t. 01d," 2 /o+%# o(#%$+" 2 /14+%# "!5$nt" )Con"t%t1t%on$+ '1#t%on$!%"3 Th$nk%n, .o13 J$% H%nd 2 V$nd M$t$!$3

D$t =L3


14/45

Complete cae deta!l alo a"a!la#leat $ttp%&&mem#er'l(co'co'u)&*anapat$!$ar!ram&

A per alle*at!on of RBI mana*ement Ban*alore !n +,-, . cr!m!nalne/u of RBI emplo(ee tole R' 001111 from RBI Ban*alore' All t$e

#an) . *o"ernment treaur!e !n 2arnata)a . u#m!t defaced & o!ledcurrenc( note to RBI Ban*alore !n e/c$an*e for *ood note' RBI aftercollect!n* uc$ defaced currenc( note . ort out fa!rl( *ood note3$!c$ can #e re!ued 4 #urn off t$e rema!n!n* totall( defacedcurrenc( note' All t$ee proce ! done !n a (temat!c manner'

A per alle*at!on of t$e mana*ement . t$e cr!me too) place !n t$eper!od of +,-, at RBI Ban*alore' A ne/u of emplo(ee. too) a3a(t$e currenc( #undle meant for detruct!on 4 u#t!tuted !t !n t$eplace of #undle of re!ua#le'

C$ar*e $eet !ued #( RBI Ban*alore off!ce to mr'G'5ar!ramStaff no'67,8&+97&8:-89 dt + apr!l +,89

Amended c$ar*e $eet taff no 6,8&+97-8:&89 dt 8 apr!l +,89CBI $a c$ar*e $eeted + emplo(ee !n connect!on 3!t$ t$! cae .cae olde no' cc6:&+,8, ne3 no' c :67&+,,+ ' t$e$onoura#le 0+ c!t( add!t!onal c!t( c!"!l 4 e!on court Ban*alore !n!t; order dated 0:'1+'+,,0

d!c$ar*ed 16 c$ar*e $eeted emplo(ee . a t$e proecut!onfa!led to pro"e t$e c$ar*e a*a!nt t$em' T$e( came out clean . at$e( 3ere !nnocent addled 3!t$ t$e cr!me done #( ot$er' One of t$ec$ar*e $eeted emplo(ee 3$o turned appro"er for t$e proecut!on. $a*!"en deta!led account of t$e cr!me' No3$ere $e $a ment!oned t$e!n"ol"ement of accued no'+9 mr'G'5ar!ram !n t$e cr!me'

E"en after com!n* out clean. mr'G'5ar!ram 3a not re!ntated !ntoer"!ce #( RBI' T$e( *a"e t$e rue of domet!c en


15/45

$( RBI aut$orot!e are $ell #ent upon to end a3a( t$e !nnocent &cape *oat a3a( from er"!ce 3$( CBI d!dn;t conduct pol(*rap$ tetof all t$e accued . pec!f!call( $!*$er off!cer of RBI . mana*erof RBI off!ce Ban*alore pro#a#l( t$e cape *oat 3ere a3are of t$ecr!me mater m!nded #( $!*$er up 4 d!dn;t co-operate 3!t$ t$e $!*$er

up !n t$e!r cr!me' So. t$e cr!m!nal 3ere afra!d t$at t$e cape*oat 3!ll #lurt out trut$ to t$e 3orld . f!/ed non co-operat!n*!nnocent t$emel"e a cr!m!nal'

$o 3!ll *!"e ut!ce to !nnocent l!)e old man mr'G'5ar!ram 4 3$o3!ll #ell t$e corrupt . cr!m!nal . fat cat of RBI

There is a higher court than the court of justice and that is the court of conscience It

supercedes all other courts.

- Mahatma Gandhi

Salar( of C$!ef ut!ce of Ind!a Rupee +11111 per mont$ 4 alar( of upremecourt ud*e Rupee ,1111 per mont$ plu 9 tar $er!ta*e #un*alo3 . 9 tar a!r &tra!n tra"el . 9 tar $ealt$ care fac!l!t( . etc all at ta/ pa(er e/pene

5un*er Deat$ alnutr!t!on Deat$ ?o"ert( Earn!n* Le t$an Rupee 60 perda(

5onet 5ard or)!n* C$!ld La#orer Earn!n* Le T$an Rupee 60 per da(
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16/45

Corrupt D!$onet Cr!m!nal ?u#l!c Ser"ant Earn!n* ore t$an Rupee 9111 perda( urdererof ut!ce

Ill-*otten ealt$ of Corrupt ?u#l!c Ser"ant

urderer of ut!ce S$ame to ou

Follow me at

http://www.facebook.com/people/Nagaraj-Mysore-Raghupathi/51!51"# $

http://www.am%esty.org/e%/user/%aghrw$

http://twitter.com/%aghrw $
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17/45

FINANCE SCAS IN INDIA 4 9-STAR LEADERS IT5 BEGGING BOL

In m(ooru m!t$ra a )annada da!l( dated +9&17&0119. t$e ed!tor $a3r!tten a#out a cop( of t$e compla!nt made #( Tranparenc(Internat!onal Ind!a-Ban*alore to central "!*!lance comm!!on of

!nd!a'In !nd!an #an) . t$ere ! a tran*e pract!ce t$at 3$ene"er a c$e


18/45

T$e *o"ernment ta)e pr!de !n murder!n* foret #r!*and "eerappan' T$e!ll-*otten 3ealt$ of "eerappan ! not e"en pea nut #efore t$! $u*eamount' Remem#er pat f!nance cam S S5OES. 5AALA. 5ARS5ADE5TAS5ARE SCA. 2ETAN ?ARE25 S5ARE SCA. UTI. etc' totall( !n all t$ee

cam #!ll!on of dollar of pu#l!c mone( $a"e *one to t$e coffer ofcr!m!nal' T$ee camter put "eerappan to $ame !n t$e!r turno"er'5o3e"er t$e *o"ernment ! not e"en e/$!#!t!n* a fract!on of !t;ELIINATE HEERA??AN DRIHE a*a!nt t$ee camter. 3$(

In !nd!a. #ot$ central 4 tate *o"ernment ta/& re"enue off!c!al arenec) deep !n corrupt!on' B(. ta)!n* #r!#e t$e( ma)e lo3er aementof !ncome. *a!n. etc 4 pare #u!nemen from t$e ta/ pa(ment' T$e*o"ernment !n return for fa"our rece!"ed fromlo##!e. *!"e ta/ e/empt!on to t$em at !t; 3eet 3!ll' All t$eecam 4 !t; co"er-up are !n!der o#' T$e *o"ernment ! not!ntereted to collect. reco"er !t; o3n mon!e

amount!n* to #!ll!on of #!ll!on of dollar e"er( (ear' 5o3e"er our 9-tar leader l!"!n* at t$e e/pene of ta/-pa(er. *o-on fore!*n aunt3!t$ a #e**!n* #o3l for a fe3 la)$ of dollar' $at a $ame

ore t$an 91 #!ll!on !nd!an are #arel( ur"!"!n* on a !n*le meal perda( 4 $undred are d(!n* due to tar"at!on. #!ll!on don;t e"en $a"e#a!c nece!t!e of l!fe' If t$e *o"ernment e"en ut collect afract!on of !t; due from camter. default!n* !ndutr!al!t people 3on;t d!e of $un*er !n !nd!a' 5a t$! enl!*$tened our t$!c))!nned neta

Ed%to!%$+ C!%" R"!5 B$nk o' Ind%$- An $//$+ to SUPREME COURT OF INDIA ) #nt!$+ %n'o!$t%on#o%""%on

Ref no' RTI A??EAL "!a 3e# D?G&B&0118&816:+

RBI ! a pu#l!c aut$or!t( . et up #( an act of parl!ament' Numerou!rre*ular!t!e . !lle*al!t!e . cr!me $a"e ta)en place at RBI . t!ll!t ! full( co"ered up #( t$oe !n !nfluent!al po!t!on'

ut refer O!l for Food one( !n Ira< cam J and Hotro Account Scam of+,,1J' Influent!al people are !n"ol"ed . e"er(t$!n* $appened under t$e nooe ofRBI . !t$ t$e conn!"ance of RBI off!c!al

e re a#out "ar!ou !ue concern!n* t$eact!"!t!e of t$at !nt!tut!on !n 3$ole' 5o3e"er t$e C?IO OF RBI 5Kt$rou*$ $! letter no'DA?'CO'RIA':11+&1'91'1+&0118-1, dt Octo#er16rd 0118 decl!ned to *!"e !nformat!on c!t!n* certa!n rue' = RBI Refno' RIA ,8&0118-1, >


19/45

5e $a tated t$at ome !nformat!on perta!n to ecur!t( pre .na$!) 4 note pre at m(ore' True . #ot$ t$oe !nt!tut!on arefull( o3ned u#!d!ar!e of RBI . $ence RBI ! !n a po!t!on toan3er' St!ll . RBI can tranfer a cop( of our RTI Appl!cat!on tot$oe aut$or!t!e a per pro"!!on of Sec 7=6> of RTI ACT 0119' C?IO

d!dnt do t$at'One more rue of C?IO of RBI ! t$at . I am ee)!n* $! "!e3 &op!n!on on !ue concern!n* RBI act!"!t!e' 5e ! 3ron* . I amee)!n* to )no3 t$e off!c!al & le*al tand of RBI re*ard!n* !tact!"!t!e for e/ample . appo!ntment of ro3d!e a loan reco"er(a*ent #( #an) . etc' C?IO $a fa!led to tate t$e off!c!al tandre*ard!n* "ar!ou act!"!t!e of RBI'

One more rue *!"en #( C?IO of RBI ! t$at I $a"e ra!ed man( !ue .to #e pec!f!c +16


20/45

In"et!*at!on !nto T$o)ar; role !n fund!n* terror #e*an after Ind!an off!c!al$anded o"er e"!dence !n t$e cae to t$e!r Br!t!$ counterpart !n une' T$e t3oInd!an off!c!al from t$e !n!tr( of 5ome Affa!r and a en!or ammu and2a$m!r ?ol!ce off!cer made a"a!la#le deta!l of fund funnelled from T$o)ar;c$ar!t(. erc( Internat!onal. t$rou*$ Standard C$artered Gr!ndla( Ban) =!nce

t$en renamed Standard C$artered Ban)> and t$e De"elopment Cred!t Ban)' T$e!n"et!*ator alo pro"!ded trancr!pt of telep$one !ntercept and cae f!leda*a!nt t$e rec!p!ent of t$e fund !n Ind!a'

On a( 09. a lon*-runn!n* Intell!*ence Bureau operat!on led to t$e arret ofSr!na*ar-#aed ournal!t Imt!aM BaMaM' Off!c!al cla!m t$at $e 3a a )e( condu!tfor tranferr!n* fund to 5!M#ul ua$!deen f!eld commander !n ammu and2a$m!r' On Apr!l 00 BaMaM $ad rece!"ed a fore!*n currenc( rem!ttance ofR':.8:.89 !nto $! account 3!t$ Standard C$artered !n Ne3 Del$!. and on a( +9a econd rem!ttance of R'+:.,8.111 !nto t$e De"elopment Cred!t Ban)' Alt$ou*$!ntell!*ence off!c!al mon!tored t$e f!rt tranact!on. t$e( d!d not !nter"ene. !n t$e!nteret of #u!ld!n* up e"!dence' T$e econd tranact!on 3a froMen'

T$e fund tra!l led tra!*$t to T$o)ar' It tranp!red t$at !n earl( 011+. 5!M#ulua$!deen c$!ef o$ammad uuf S$a$ $ad ent R':8 la)$ to amaat-e-Ilam!leader S(ed Sala$udd!n t$rou*$ T$o)ar' Su#e


21/45

de-facto !ndependence to t$e State' T$! t!me. t3o planeload of off!c!al fle3 !ntot$e A"ant!pora A!r Force #ae and t$e( 3ere ecorted to t$e ra!d #( pol!ceoff!cer' T$e!r uccee eem to $a"e con"!nced t$e Income Ta/ Departmentt$at !t ! after all po!#le to pla( a ueful role !n ammu and 2a$m!r'

In t$e U'2'. #ot$ erc( Internat!onal and T$o)ar 3!ll no3 $a"e to an3er ome

$ard


22/45

T$e FIU alo report trac)!n* cae !m!lar to t$at of an OFAC-de!*nated =US

Off!ce of Fore!*n Aet Control> of al-Kaeda element mo"!n* mone( from

Europe t$rou*$ L!ma and on to Ind!a. t$e report lea)ed #( !)!lea). a non-prof!t

med!a or*an!at!on ded!cated to #r!n*!n* !mportant !nformat!on to t$e pu#l!c.


23/45

Accord!n* to Sald!"ar. ant!-mone( launder!n* effort !n ?eru are $!ndered #(

e"eral factor'

StanC$art propectu 3$!c$ ! et to $!t t$e mar)et 3!t$t$e f!rt e"er !ue of Ind!an depo!tor( rece!pt =IDR> on 09 a(. $a notd!cloed man( pend!n* cae a*a!nt !t for alle*ed "!olat!on of fore!*n e/c$an*erem!ttance norm !n t$e draft red $err!n* propectu u#m!tted to t$e cap!talmar)et re*ulator'

T$e alle*ed "!olat!onP+ tranact!on of draft. one tele/ tranfer and t3o ca$tranact!onP*o #ac) to +,,+-,0. 3$en t$e Enforcement D!rectorate =ED> found aer!e of fore/ "!olat!on made t$rou*$ t$e #an) um#a! #ranc$e to t$e U2'

ED ! a *o"ernment a*enc( t$at loo) !nto fore!*n e/c$an*e tranact!on'

T$e "!olat!on 3ere d!co"ered after ED !n"et!*ated a num#er of #an).!nclud!n* Standard C$artered. !n t$e aftermat$ of t$e 5ar$ad e$ta cam t$atroc)ed t$e toc) mar)et !n +,,+-,0'

T$e ED compla!nt 3a f!led !n t$e court of c$!ef metropol!tan ma*!trate !num#a! #( enforcement off!cer S' ?ar"eM !n a( 0110'

T$ee compla!nt. 3$!c$ are t!ll pend!n*. c$ar*e t$e #an) and !t t$en c$a!rmanRodne( Galp!n of total "!olat!onJ of t$e e/c$an*e control manual and pro"!!onof t$en pre"a!l!n* fore!*n e/c$an*e re*ulat!on norm'

Mi%t$a re"!e3ed cop!e of ome of t$ee cae f!le'

T$e Iue of Cap!tal and D!cloure Re norm. la!d do3n #( t$eSecur!t!e and E/c$an*e Board of Ind!a =Se#!>. re re*ulat!on. 011,. a amended. Standard C$artered?lc. a an !uer of IDR. ! re


24/45

A 3!t$appropr!ate appro"al and anct!on' Fa!r#rot$er. t$e f!le cla!m. #ro)e t$eerule u!n* "ar!ou fore!*n #an). !nclud!n* StanC$art'

T$rou*$ $! aoc!ate 2uld!p S!n*$ Sood !n Ind!a. Fa!r#rot$er 3ould collectInd!an rupee draft dra3n #( an Ind!an #an) on !t domet!c #ranc$' Alle*edl(3!t$ t$e conn!"ance of StanC$art. $e 3ould *et t$em cleared 3!t$out ma)!n* an(declarat!on or ta)!n* an( appro"al and cred!t t$e amount to a "otro account ofStanC$art London and anc$eter' T$ee #an) 3ould. !n turn. tranfer t$e

amount to a #enef!c!ar( of t$e ame name !n t$e U2'A "otro account ! t$e local currenc( account $eld #( a local #an) for a fore!*none' Suc$ account are ued for !nter-#an) tranfer. and mone( tranfer tonon-re!dent need RBI nod' ED $a c$ar*ed t$at t$e #an) and !t t$en CEO"!olated t$ee rule'

A en!or #ro)er. on cond!t!on of anon(m!t(. a!d t$at a a matter of pr!nc!ple. t$ecompan( $ould pu#l!$ all pend!n* le*!lat!on and lea"e t$e


25/45

B( c$oo!n* to !*nore pend!n* le*!lat!on. t$e( are ett!n* a #ad e/ample fort$e compan!e com!n* to l!t uc$ !ntrument !n future.J $e a!d'

%.subrama%ia%&li'emi%t.com

E/c!e cam mone( ued to fund terror;

?ANAI% Oppo!t!on leader ano$ar ?arr!)aron T$urda( a!d $e 3ould 3r!te to?r!me !n!ter anmo$an S!n*$. fear!n* t$at mone( from a mult!-crore e/c!ecam l!n)!n* Goa 3!t$ Ind!an #order tate ! #e!n* ued to fund terror!tact!"!t!e'

?arr!)ar $a alo alle*ed t$at t$e tate e/c!e department $a #een !u!n*perm!t to compan!e furn!$!n* #o*u addree'

Inc!dentall(. t$e tate *o"ernment; repl( t$at t$e tatef!nance ecretar( ! !n"et!*at!n* earl!er alle*at!on made #( ?arr!)ar on t$ee/c!e cam $a not at!f!ed t$e oppo!t!on leader. 3$o $a demanded t$at t$ematter #e !mmed!atel( $anded o"er to t$e Central Bureau of In"et!*at!on =CBI>'

Ra!!n* t$e matter dur!n*


26/45

um#a! & ?une% T$e reluctance of a top S3! #an) to $elp Ind!an !n"et!*ator !lo3!n* t$e unra"ell!n* of an !ntr!cate mult!nat!onal tra!l of mone( tranferPacro S3!tMerland. Ne3 or). t$e Br!t!$ H!r*!n Iland and ?uneP#et3een anInd!an $ore o3ner and a fu*!t!"e Saud! arm dealer. accord!n* to off!c!al !n t$e

Enforcement D!rectorate. t$e *o"ernment #od( t$at !n"et!*ate econom!ccr!me'

A top off!c!al !n t$e Enforcement D!rectorate =ED> 3$o d!d not 3!$ to #e!dent!f!ed conf!rmed on Fr!da( t$at t$e a*enc( off!c!al. !n Decem#er 011. $adad"!ed t$e Ind!an *o"ernment not to clear a R:7 crore plan #( UBS =Un!tedBan) of S3!tMerland> AG. t$e 3orld #!**et 3ealt$ mana*ement compan(. to#u( t$e Ind!an mutual fund #u!ne of Standard C$artered Ban) #ecaue t$eS3! #an) $ad not $elped trac) !nternat!onal mone( tranfer of ?une $oreo3ner 5aan Al! 2$an'

In"et!*ator from t$e ED. 3$o recentl( cla!m to $a"e found 8 #!ll!on !n t$eS3! #an) account of 5aan Al! 2$an. a( t$e( no3 $a"e e"!dence of a 611

m!ll!on tranfer to $!m ="!a a C$ae an$attan #an) account !n Ne3 or)> from#!ll!ona!re Saud! arm dealer Adnan 2$a$o**!. 3$oe arm uppl!e to Tam!lterror!t. t$e LTTE. 3ere re"ealed dur!n* an !n"et!*at!on !nto t$e +,,+aa!nat!on of Ra!" Gand$!'

alt="Home turf: Hassan Ali Khan (secondfrom right, in safari suit) with wife Rheema (second from left) and father-in-law Abbas AliKhan (fourth from right) " title="Home turf: Hassan Ali Khan (second from right, in safarisuit) with wife Rheema (second from left) and father-in-law Abbas Ali Khan (fourth fromright) " !:shaes="#$%%%%#s&%'"5ome turf% 5aan Al! 2$an =econd from r!*$t.!n afar! u!t> 3!t$ 3!fe R$eema =econd from left> and fat$er-!n-la3 A##a Al!2$an =fourt$ from r!*$t>'

A t$e Bom#a( $!*$ court $ear an Enforcement D!rectorate plea not to return

paport to 2$an and $! 3!fe R$eema. t$e(i%)usta% *imes$a pre"!e3ed aecret ED report t$at re"eal t$e a*enc( attempt to f!nd t$e l!n) #et3een2$an and 2$a$o**!'

A e"!dence t$e report


27/45

I 3ould not l!)e to tal) a#out t$!.J a!d UBS Ind!a mana*!n* d!rector andc$a!rperon an!$a G!rotra. referr!n* all


28/45

Enforcement D!rectorate' e $a"e not !ued an( comment on t$e !ue ofUBS'J

In Decem#er. Standard C$artered. t$e parent of Standard C$artered Ban) !n Ind!a.ent a not!ce to toc) e/c$an*e !n London and 5on* 2on*. 3$ere !t ! l!ted.a(!n* !t 3ould not proceed 3!t$ t$e deal. 3!t$out *!"!n* a reaon'=5!ndutan

T!me>

CRIES OF RBI 4 CBI 4 IT;S COHER-U?- An appeal to $onoura#le upreme court of Ind!a

T$e central #an) of Ind!a Reer"e Ban) Of Ind!a . 3$!c$ ! uppoedto d!rect t$e f!cal pol!c!e of *o"ernment of Ind!a . $a fa!led todo o' It $a ena#led man( looter !n t$e *ar# of entrepreneur . to3!ndle t$e e/c$e


29/45

:' to pu#l!$ annual account 3!t$ complete deta!l of d!cret!onar(fund allotted to t$e defence m!n!tr(. pre!dent. pr!me m!n!ter.c$!ef m!n!ter . *o"ernor 4 !ntell!*ence a*enc!e'

?u#l!c 3ant to )no3 3$et$er proper d!cret!on ! #e!n* appl!ed 3$!lepend!n*'

R'B'I CURRENC T5EFT CASE COHER-U? ACT B C'B'I- AN A??EAL TO T5E UNION FINANCE INISTER 4 CENTRALHIGILANCE COISSION

E"en !n ord!nar( #ranc$e of #an) . t$e afet(loc)er room )e( 4 currenc( c$et room )e( are 3!t$ en!or mana*eronl(' 3!t$ ad"ance of tec$nolo*( "ar!ou electron!c *ad*et l!)e#ur*lar alarm. uer !d 4 palm reader are !n ue' It !


30/45

tet to )no3 3$( t$e( are l(!n* . to co"er-up 3$om T$e C'B'I $anot an3ered pre"!ou SORE

4 SALBONI' I d!dn;t e"en *et t$e !nter"!e3&3r!tten tet call letter'5o3e"er cand!date 3!t$ leer mer!t ran)!n* 3ere elected' (re


31/45

!rre*ular!t!e at R'B'I CURRENC NOTE ?RESS. m(ore 4 al#on!'5ere#(. ! call upon t$e C'B'I to loo) !nto t$! matter'

Alo. $ere#( ! ur*e (ou to pro"!de me ut!ce #( *!"!n* mer!t ran)!n*l!t of all recru!tment made from +,,9on3ard t!ll date'Spec!f!call(. for t$e a#o"e ment!oned : pot !n accordance 3!t$ t$e

TRANS?ARENC &RIG5T TO INFORATION ACT of *o"ernment of !nd!a'

SATA CO FRAUD - ARE OU SINCEREL READ TO CATC5 TA T5EIHES .COR?ORATE CRIINALS - AN A??EAL TO UNION FINANCE INISTER 42ARNATA2A STATE FINANCE INISTER

Corporate fraud ! not$!n* ne3 to !nd!a . at(am compan( ! ut ane3 add!t!on to !t' Sat(am co 3a a#le to comm!t uc$ a $u*e fraud 4)eep !t under 3rap for (ear *oe to pro"e t$e $onet( . !nte*r!t( ofour pu#l!c er"ant . *o"ernment off!c!al #elon*!n* to SEBI . RBI .

ta/ dept . pollut!on control . la#our dept' . etc 4 t$e $onet( ofaud!tor 4 compan( ecretar!e' Ofcoure . t!ll t$ere are fe3 $onetpeople !n pu#l!c er"!ce . aud!t!n* 4 compan( ecretar($!p . #utmaor!t( of t$em are $and !n *lo"e 3!t$ corporate cr!m!nal'Def!n!tel( . t$! fraud 3!ll alo #e #ru$ed under t$e carpet aftercerta!n t!me a ot$er fraud $appened . afterall t$ee fraud are t$emone( p!nner for pol!t!cal part( fund!n* . maf!a . under3orld 4ot$er cr!m!nal act!"!t!e'

In !nd!a . ta/ compl!ance ! 3ore' In our cr!m!nal ut!ce (tem.t$ere ! r!*orou !mpr!onment for a p!c)-poc)eter teal!n* R'+1'e"en t$e aut$or!t!e pend t$ouand of rupee !n le*all( proecut!n*

$!m 4 t$e t$!ef pend a (ear or more a pun!$ment #e$!nd #ar' $erea t$ere ! no commenurate !n"et!*at!on nor le*al proecut!on norpun!$ment for corporate t$!e"e . e"ad!n* ta/ to t$e tune of croreof rupee' In contrat. t$oe ta/ t$!e"e pa( a part of t$at #oot( tot$e m!n!ter 4 pol!t!cal part!e and *et crore of rupee ta/e/empt!on . !ncent!"e from t$e *o"ernment' Go"ernment ! re3ard!n*corporate cr!m!nal'

T$e ta/ off!c!al of central 4 tate *o"ernmentare $and !n *lo"e 3!t$ t$ee corporate cr!m!nal 4 trader' For apr!ce. t$e( are $elp!n* corporate 4 trader !n e"ad!n* ta/' ot oft$e ta/ off!c!al are 3ealt$( 4 lead!n* lu/ur!ou l!fet(le . muc$

#e(ond t$e cope of t$e!r le*al !ncome' T$e #lac) mone( t$u *eneratede"er( (ear #( ta/ e"a!on . ! man( t!me more t$an our total annual#ud*et allocat!on' A a reult. all our f!cal reform fa!l 4!nflat!on ! oar!n*' T$! #lac) mone( ! t$e ource of !lle*alfund!n* of pol!t!cal part!e . terror!t outf!t 4 under3orld' It ! a*reater t$reat to nat!onal un!t( 4 !nte*r!t('

Bot$ t$e central *o"ernment 4 )arnata)a tate*o"ernment $a"e fa!led to collect t$e full . actual ta/ due from


32/45

corporate 4 trader' A a reult . t$e *o"ernment don;t $a"e enou*$mone( !n t$e!r coffer e"en to pro"!de #a!c need l!)e $ealt$ care .educat!on . afe dr!n)!n* 3ater . etc to t$e poor 4 need(' For e"er(R'+11 ta/ e"aded . one poor pat!ent ! d(!n* 3!t$out med!cal care .+1 poor peron lac) educat!on . +11 peron don;t *et afe dr!n)!n*

3ater . +11 peron #arel( ur"!"e on a !n*le p!ece meal per da( . 01peron tar"e' ot of T$e *o"ernment off!c!al . m!n!ter 4people; repreentat!"e 3$o $a"e del!#eratel( fa!led !n t$e!r dut!eof ta/ collect!on 4 3elfare of poor c!t!Men . S5AELESSL !ndul*e !nlu/ur!ou l!fet(le at t$e e/pene of poor ta/ pa(er ' t$e( l!"e !npalt!al #un*alo3 . c$auffer dr!"en AC car . all l!"!n* food e/penepa!d #( e/c$e


33/45

Ind!a $a #ecome an IT po3er . ta)en *!ant tr!de !n t$e f!eld ofc!ence 4 tec$nolo*(' ore 4 more NC are !n"et!n* !n Ind!a' 5o3e"erdue to our )e3ed . corrupt econom!c (tem . lac) of accounta#!l!t(on t$e part of corporate 4 pu#l!c er"ant a 3!de c$am $a #eencreated #et3een t$e ultra r!c$ 4 t$e poor . t$e fru!t of de"elopment

$a all #een uurped #( t$e r!c$ 4 m!*$t(' T$! ! t$e #a!c reaonfor *ro3t$ of #lac) econom( . *ro3t$ of na/al!m . terror!m 4under3orld !n Ind!a' A per a recent tud( #( UN or*an!Mat!on .maor!t( of Ind!an !e more t$an 91 crore Ind!an are #arel(uta!n!n* on R'+6 per da( earn!n* . a 3$ole fam!l( depend upon R'+6 . t$e( are tru**l!n* to *et ut !n*le meal per da(' ?eople aretar"!n* to deat$ . farmer are comm!tt!n* u!c!de . people areell!n* t$e!r o3n c$!ldren for a #a* of *ra!n' $erea . corporate#!**!e . pu#l!c er"ant are lead!n* lu/ur!ou l!fet(le . $a"!n*#!* part!e full of dr!n) . non-"e* food not at t$e!r papaa;e/pene #ut at t$e e/pene of pu#l!c e/c$e 4 f!le cae #eforecourt for reco"er( of due' E"en !f t$e propert!e of collateralecur!t( are auct!oned-off due cann;t #e full( real!Med' F!nall(

pu#l!c mone( ! 3!ndled ' ALL T5IS IS ?OSSIBLE DUE TO T5E CONNIHANCEOF 2E BAN2 OFFICIALS . TA OFFICIALS IT5 CRIINAL COR?ORATESSINCET5E INCE?TION OF SUC5 CO?ANIES ' T5IS ALSO ?OSES UNFAIRCO?ETITIONTO 5ONEST COR?ORATES' 5o3 to top t$! #( ma)!n* corporateaccounta#!l!t( .accounta#!l!t( of #an) . ta/ off!c!al more tr!n*ent


34/45

3!t$ penal pro"!!on ' afterall . t$e( are pla(!n* 3!t$ pu#l!c mone(not t$e!r papa; propert('

Alread( . #( t$e conn!"ance of pu#l!c er"ant . #an) . ta/ off!c!al3e $a"e 3!tneed man( cam l!)e $ar$ad e$ta . )etan pare)$ .$a3ala . etc and more t$an R' 0111111 crore N?A are on t$e #oo) of

t$e #an)' No3. t$e *o"ernment of Ind!a ! plann!n* to 3a!"e-off ta/arrear of corporate to t$e tune of R'89111 crore . 3$( read"!a(a 2arnata)a )annada da!l( dated 1:t$ anuar( 011' ut loo) att$! !n t$e #ac)drop of KUESTIONS FOR ONE B SOE ? and ?LOCAL AREA DEHELO?ENT FUND ALLOCATION FOR A ?RICE SCANDAL'T$e*o"ernment ! al3a( unrepon!"e . carele to3ard t$e uffer!n*of poor . $o3e"er !t ! al3a( on toe to $elp out corporate t$at toocr!m!nal one #ut not $onet corporate' $(

5R $a e/tended !t; er"!ce to GOI mont$ #ac) !telf . toappre$end ta/ t$!e"e . t!ll date t$ere ! no repl( from GOI . 3$(

5ere#( . E-HOICE OF 5R re


35/45

,' to conf!cate all mone( . propert!e poeed #( d!rector of uc$cr!m!nal corporate 4 propert!e of corrupt #an) . ta/ off!c!al .pu#l!c er"ant'+1' to declare !lle*al #lac) mone( )ept #( corporate cr!m!nal .pol!t!c!an . etc !n t$e #an) of ta/ $a"en countr!e l!)e Tr!n!dad .

aur!t!u . S3!tMerland . etc a nat!onal propert( of Ind!a . apu#l!c propert( of *o"ernment of Ind!a 4 to ecure t$at mone( toInd!an e/c$e


36/45

In !nd!a. !nd!rect democrac( ! t$e form of *o"ernance' In t$!form. people; repreentat!"e are #ound to ra!e t$e


37/45

! loo!n* ta/ re"enue to t$e tune of t$ouand of crore e"er((ear . t$e *o"ernment doen;t $a"e mone( to pro"!de oc!al 3elfaremeaure to common people' T$e l!"e of common people are undert$reat' No3.t$e num#er of common people d(!n* due to tar"at!on . lac) of $ealt$

care ! more t$an !n a 3ar f!eld' T$e t$reat to un!t( 4 !nte*r!t( of!nd!a ! more from t$e corporate ector t$an pa)!tan or c$!na'No3. t$e *o"ernment of !nd!a 4 ot$er tate *o"ernment are l!terall(under corporate control' 3e $a"e #rou*$t to t$e not!ce of *o"ernmentcae of tatuotar( la3 "!olat!on #( "ar!ou corporate ent!t!e .t!ll date no act!on $a #een ta)en' $( $ere#( . 3e once a*a!noffer !t; cond!t!onal er"!ce to t$e *o"ernment of !nd!a 4)arnata)a !n appre$end!n* corporate cr!m!nal . corrupt ta/ . la#our .pollut!on control #oard offr!c!al' Are (ou read( !r

Blac) mone( !n fore!*n #an) amount to plunder of nat!on% Supreme Court

Blac) mone( ta$ed a3a( !n fore!*n #an) ! not ut a cae of ta/ e"a!on. !t !m!nd- #o**l!n* cr!meJ amount!n* to t$eft and plunder of nat!onal 3ealt$. t$eSupreme Court a!d on edneda('

In a fran) mea*e to t$e Un!on *o"ernment. t$e court 3anted !t to real!e t$e*ra"!t( of t$e !ue' e are tal)!n* a#out m!nd-#o**l!n* cr!me' e are not ont$e n!cet!e of "ar!ou treat!e. a #enc$ of ut!ce B Suder$an Redd( and SSN!ar told ol!c!tor-*eneral Gopal Su#raman!um'

Earl!er. t$e *o"ernment $ad contended t$at mone( !n fore!*n #an) 3a a cae of

ta/ e"a!on and !t cannot ma)e pu#l!c t$e name of Ind!an account $older'

T$e aut$or!t!e $a"e to *o on t$e #a! of mutual a*reement 3!t$ "ar!oucountr!e 3$ere t$e mone( ! ta$ed. Su#ram!um a!d'

T$! ! t$e pro#lem 3orr(!n* u' It ! not onl( a#out ta/ e"a!on and $aomet$!n* more. t$e #enc$ a!d after !t 3a po!nted out t$at t$e ource of t$emone( could #e narcot!c. terror fund or arm deal!n*'

T$e court 3a $ear!n* a pet!t!on f!led #( noted cr!m!nal la3(er Ram et$malan!and ome ret!red #ureaucrat and pol!ce off!cer'

*tandard +hartered tries to co!er u its mess ast, but *./ is in a slumber


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*tandard +hartered .an01s draft red herring rosectus to raise 23%% million-24%%million through the first-e!er issue of /ndian 5eositor Receits (/5Rs) has comletelblan0ed out at least &3 litigations ending against it in connection with the securitiesscam of &66' and a foreign e$change scandal in!ol!ing the misuse of its !ostroaccount, also in the &66%s

7he rosectus has reortedl been cleared b the *ecurities and $change .oard of/ndia (*./), which is full aware that most litigations ertaining to the &66' scam are

still dragging their wa through the /ndian 8udicial sstem /t is shoc0ing that the .an0has attemted to a!oid disclosure, gi!en that the .an09s dee in!ol!ement in the scamis widel 0nown in /ndia and the /5Rs are being sold to /ndian in!estors hat is worse,when as0ed about the failure to disclose litigation ending against the .an0, *./ haschosen to not to resond to the emails mar0ed to the entire to brass of the .an0

;n chec0ing with the .an0, Ari8it 5e, head of e$ternal communications, has this to sa:?+, @K , the ultimate arent coman of*tandard +hartered .an0, /ndia /n accordance with the disclosure reuirements under*./ Regulations, /5R Rules, other alicable laws and international ractice, *+ >?+

has made aroriate disclosures of all material issues in the draft offer document filedwith *./ e ha!e nothing further to add beond what is disclosed in the 5RH>B

Howe!er, a simle reading of age C&C of its draft red herring rosectus suggestsotherwise /t sas: rosectus, neither the+oman, an( mem#er of t$e Group. an( D!rector. or an( mater!al aoc!ate of t$eCompan( (emhasis ours) are in!ol!ed in an material go!ernmental, legal orarbitration roceedings or litigation and the +oman is not aware of an ending or


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threatened material go!ernmental, legal or arbitration roceedings or litigation relat!n*to t$e Compan(. an( mem#er of t$e Group. an( D!rector or an( mater!alaoc!ate which, in either case, ma ha!e a significant effect on the erformance of theDrou, and there are no liabilities or defaults (including arrears and otential liabilities)in relation to such material roceedings or litigation which would be reuired to be

disclosed under the *./ RegulationsB

Eoreo!er, the cases filed b the nforcement 5irectorate and in the *ecial +ourt donot all ertain to the /ndian oerations (the .an09s /ndian oeration itself is significantllarge and imortant, eseciall after the imact of the global financial crisis) /n fact,man of them secificall name a former chairman of the .an0, Rodne Dalin

Among the cases that we ha!e information about include some in the *ecial +ourt setu to tr the securities scam related offences (EA F3G'%%F *+. !Gs the +ustodian IothersJ *uit C3 of &663 *+. !Gs Andhra .an0J *uit o of &66C *+. !Gs Andhra .an0and *uit o F' of *+. !Gs Andhra .an0) 7hen there are at least half a doen cases

filed b the nforcement 5irectorate, man of them in '%%' e ha!e sent a list of allthese cases to *./, but ha!e no resonse from the regulator

Are these cases serious enough to ma0e a difference to the .an09s global oerationsand erformanceL >robabl not Also, man /ndian comanies ha!e successfull raisedfunds, e!en after disclosing that the main romoters were accused of murder or worse7he issue is the .an09s lac0 of transarenc, while selling a financial instrument to/ndian in!estors

hat is worse, the failure to insist on this disclosure reflects e!en more badl on themar0et watchdog /n its !er first /5R clearance, *./ has shown that it is robabl

o!erawed with the international ban09s lans to raise funds in /ndia or its fat, M%&-ageoffer document ither wa, it is not insisting on the same transarenc and disclosurestandards that it e$ects from /ndian comanies, which should be a matter of seriousconcern, gi!en that global ban0s ha!e not co!ered themsel!es in glor in the lead-u tothe financial crisis of '%%M N +ucheta ,alal

7oo man looholes

Anand Ad$!)ar! Ed!t!on%Apr!l +:. 01+6

Hidden-camera !ideos of the countr9s three leading ri!ate ban0s9 officials allegedl

ad!ising customers on mone-laundering recentl 0ic0ed u a storm Heads ha!e

started to roll at the 8unior le!els in t$ee #an) - ICICI. 5DFC and A/! .ut unishing

wrongdoers is unli0el to stem the irregularities A commenter on +obraostcom, the

5elhi-based website which conducted the sting, hit the nail on the head He said the

roblem was not 8ust these three ban0s - it was that the entire sstem was riddled with
http://businesstoday.intoday.in/search.jsp?searchword=Anand%20Adhikari&searchtype=text&searchphrase=exact&search_type=authorhttp://businesstoday.intoday.in/issue/294/1/http://businesstoday.intoday.in/story/money-laundering-rbi-scrutiny-of-icici-bank-hdfc-bank-axis-bank/1/193404.htmlhttp://businesstoday.intoday.in/search.jsp?searchword=Anand%20Adhikari&searchtype=text&searchphrase=exact&search_type=authorhttp://businesstoday.intoday.in/issue/294/1/http://businesstoday.intoday.in/story/money-laundering-rbi-scrutiny-of-icici-bank-hdfc-bank-axis-bank/1/193404.html


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looholes "/t9s a good oortunit for the regulators to lug these looholes," he wrote

He ointed to the multilicit of accetable identit documents - for instance, the >A

(ermanent account number) card, assort and Aadhaar uniue identification (@/5)

number - and the fact that none of them are interlin0ed "/t9s a real it for a countr

which roduces some of the best /7 talents in the world," he added +ontrast /ndia with

the @nited *tates, where social securit numbers are in lace since &6F3

7here are numerous roblems at multilele!els - the industr regulator, thego!ernment, and the ban0s themsel!es Atthe le!el of the ban0, the core issue is thearoach to ban0ing, as ban0s are caught uin an aggressi!e sales culture 7he onesnamed in +obraost9s allegations ha!e saidthe do business ethicall Howe!er, all threedeclined to sea0 to .usiness 7oda untilthe had in!estigated the matter full

At the le!el of the regulator - t$e Reer"eBan) of Ind!a(R./) - there is an urgent needto imro!e the freuenc and ualit ofinsection Eore imortantl, there is a needto o!erhaul Know Oour +ustomer (KO+)norms for financial intermediaries such asban0s, non-ban0ing financial comanies(.P+s), insurers and mutual funds

And at the go!ernment le!el, there is a needto seed u Aadhaar - the national uniueidentification (@/5) number ro8ect - as itwould eliminate the multilicit of documents

7he central ban09s KO+ guidelines reuireban0s to collect three documents -hotograhs, identit roof, and addressroof - from customers before the can oenan account or get a loc0er /f a customer has

no @/5 number, the ban0 has no otion but toaccet documents such as !oter /5,electricit bill, assort, or >A card

"7he root cause of man of the roblemstoda is the multilicit of enforcementagencies, arra of regulations and !ariet ofdocuments for the identification of a single
http://businesstoday.intoday.in/story/rbi-governor-for-steps-to-prevent-money-laundering/1/193540.htmlhttp://businesstoday.intoday.in/story/rbi-governor-for-steps-to-prevent-money-laundering/1/193540.htmlhttp://businesstoday.intoday.in/story/rbi-governor-for-steps-to-prevent-money-laundering/1/193540.htmlhttp://businesstoday.intoday.in/story/rbi-governor-for-steps-to-prevent-money-laundering/1/193540.html


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erson," sas >a!an Kumar Qi8a, Eanaging 5irector of +ororate >rofessional Drou,a cororate ad!isor firm

7he Co#rapot "!deo $o3 #an)eras0ing for easil a!ailable KO+ documents,and, in some cases, e!en ad!ising customers not to submit a >A card so the can

sta off the ta$ radar .an0ers sa some customers get awa with submitting a leaseagreement and rent receits as address roof "7hese are the most susect cases,where the ban0 should do a ground chec0 or eriodicall re-chec0 whether thecustomer still has the same residence or 8ob," sas the chairman of a ublic sectorban0

*ome ban0s accet a coman /5 card as roof ofidentit, and a letter from an emloer as residenceroof 7hat is in line with R./ guidelines, but ban0sare also reuired to udate the customer data fromtime to time .ut man ban0ers sa these chec0sget short shrift, as the ban0 is focused on attractingnew customers

"7he roblem is not with the KO+, but itsimlementation," sas E5 Ealla, who recentlretired as +hairman of the state-owned .an0 of.aroda He ma be right, as the genuineness ofe!en crucial go!ernment-issued documents is notalwas abo!e uest ion

According to the +omtroller and Auditor Deneral(+AD), there were close to 6 million >A cards asof Earch '%&%, but onl FC million ta$ returns werefiled

7he >A card is one of the most abuseddocuments 7he +AD noted in '%&%G&& that big ta$e!aders sread out their mone b oening multileban0 accounts with fa0e >A cards 7ac0ling >Acard fraud is not enough, though 7he /ncome 7a$

Act allows those who claim not to ha!e a >A cardto fill out Porm % and sa the ha!e no ta$ableincome, or Porm & to sa their income is fromagriculture A +obraost !ideo shows a ban0erallegedl ad!ising an underco!er re-orter to fill outPorm % to a!oid detection b ta$ authorities

*o 8ust b filing Porm % and without submitting a>A card, a ta$ e!ader can deosit cash of o!er Rs 3%,%%% in a ban0 or ost office, nouestions as0ed According to ban0ing industr sources, the R./ and the finance
http://businesstoday.intoday.in/video/hdfc-icici-and-axis-bank-involved-in-money-laundering/1/193288.htmlhttp://businesstoday.intoday.in/video/hdfc-icici-and-axis-bank-involved-in-money-laundering/1/193288.html


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ministr are in!estigating cases in which ban0s ha!e not reorted transactions bac0edb Porm % or & to the *o"ernment; F!nanc!al Intell!*ence Un!t(P/@)

Pinance Einister > +hidambaram

!entuall, Aadhaar will resol!e the KO+ issue .ut until

that haens, some argue, it is imossible to reuire 8ustone or a few documents as accetable roof of identit andresidence "7here is the issue of financial inclusion, oreole ha!ing different sets of documents," sas a ban0erfrom one of three ban0s named b +obraost He adds thatsome eole genuinel do not ha!e ta$able income, mando not ha!e a assort, and for some, the onl addressroof is an emloer9s letter

".an0ing is a seriousbusiness where ser!ice,comliance and safetare core elements," sas AK Khandelwal, former.an0 of .aroda chairman and author of the boo05are to ?ead .ut ri!ate ban0s ha!e a strongculture of cross-selling their subsidiaries9 roducts,and increasing the number of sa!ings and cur rentaccount deosits

"urturing an ethics-based cororate culture, withro!isions to claw bac0 erformance-basedincenti!es can hel correct the current aroach ofmobilising fresh business b an means," addsKhandelwal

7he +obraost e$ose shows ban0ers allegedlmar0eting insurance roducts to con!ert blac0mone into white /nsurance roducts are rofitable,because the ban0 earns a high first-earcommission on the remium 7he ban0 managercould benefit, too: man ban0s and insurers offerrewards for high sales, such as foreign 8un0ets

/nsurance roducts are eas to sell 7he ban09s KO+

reuirements are sufficient roof for in!esting anamount in an insurance scheme A >A card is notnecessar, e!en though some single-remium olicamounts are as high as Rs F% la0h Ean ban0s sellolicies that mature after se!en ears At that oint,nobod can uestion the source of the mone,

because income-ta$ laws do not reuire ban0s to 0ee records for more than se!enears
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R./ Do!ernor 5 *ubbarao

+obraost has also alleged that the three ban0s ha!e beenlaundering mone Eone-laundering means the transfer of monefrom illegal sources - drugs and arms traffic0ing, terrorism,e$tortion and theft - into the financial sstem through fictitious ban0

accounts and hawala transactions +obraost alleges that theban0s suggested oening accounts in the name of the alicant9ssouse, cousin, or friend, which is not mone-laundering in thestrict sense

. law, ban0 emloees ha!e the authorit to as0 a customer fordetails of transactions that are not consistent with the customer9s

rofile 7he onus is on the ban0 to ensure that the account is not being used to laundermone /nsurance comanies, too, are reuired to reort cash transactions of o!er Rs&% la0h a month to the P/@

Pollowing +obraost9s allegations, the R./ and the /nsurance Regulator 5e!elomentAuthorit are in!estigating KO+ !iolations and the bac0ground of customers who ha!eut large sums into singleremium insurance lans /+/+/ .an09s life insurance arm haslaunched a robe, too

*ome in the industr sa the P/@ is see0ing details of olic holders with high-!aluesingle-remium olicies 7he R./, too, is in!estigating high-!alue transactions "/f thereis a series of cash transactions !alued at Rs &% la0h or more in a month, the need tobe reorted under AE?," sas a ublic-sector ban0er on condition of anonmit AE?refers to anti-mone laundering rules

.an0s are reuired to reort demand drafts, mail transfers and tra!ellers9 cheues worthRs 3%,%%% and more to the R./ A source in the central ban0 sas: "7he in!estigationwill also loo0 at the e$tent of comlacenc shown b the to management of theseban0s"

*ome ban0ers argue that it would be unfair to blame the to management of the threeri!ate ban0s that +obraost has named - the countr9s largest in terms of mar0etcaitalisation /+/+/ and H5P+ ha!e nearl F,%%% branches each, and A$is .an0 hasclose to ',%%% 7he +obraost in!estigation co!ered some 3% branches All three ban0sha!e comrehensi!e codes of conduct for emloees Por e$amle, /+/+/ .an0, with abalance sheet of Rs 3 la0h crore, has a detailed manual outlining due diligence for

acceting a customer

A da after +obraost ublished its in!estigation, /+/+/ and H5P+ ban0s aointedaudit firm 5eloitte 7ouche 7ohmatsu to carr out an indeendent forensic enuir inaddition to their own internal in!estigations into +obraost9s allegations 7he stoc0mar0et has reacted, too: the ban0s9 stoc0s ha!e fallen more than the .* *ense$

"7he R./ ma also ut the bra0es on new branch licences to some ban0s," sas


44/45

Kasha ha!eri, analst at m0a Dlobal Pinancial *er!ices, in a recent reort Ananalst who manages the mone of foreign institutional in!estors sas the robe coulde$and to other ban0s A Doldman *achs reort notes: "7hese de!eloments, if ro!entrue, could otentiall lead to slower growth across ri!ate ban0s9 deosits andbusiness"

7he R./9s deadline for a scrutin of the head office and branches of the three ri!ateban0s is Earch F& 7he central ban0 is also studing whether the ban0s9 gold coins andwealth management roducts could be otential was to stash blac0 mone R./5eut Do!ernor K+ +ha0rabart has downlaed the e$ose, saing: "/f we findthere is a need to further tighten an guidelines, we will do that"

*ome in the industr sa that Pinance Einister +hidambaram9s estimate that C,M%%eole ha!e ta$able income of o!er Rs & crore is baffling, considering the growth ofban0s9 wealth management ser!ices and the ortfolio management ser!ices of mutualfunds and bro0erages

/n addition to being the go!ernment9s debt manager, the R./ manages the countr9smonetar olic, and suer!ise and regulate ban0s "7here is a strong case of hi!ing offthe ban0ing suer!ision from R./," suggests a ban0er

7he number of ban0 branches in the countr has grown to M%,%%% 7he R./ has some'%,%%% emloees, of which one-third are maintenance and technical staff *omeban0ers uestion, howe!er, whether adding laers of eole will imro!e the situation

Pormer R./ go!ernor .imal alan sas: "e should learn from the current e$erienceand see how we can imro!e our ethical go!ernance sstem in imlementing theban0ing guidelines"

7here is also the issue of blac0 mone - estimated at Rs &%-&3 la0h crore - beinggenerated in the first lace /t is common 0nowledge that much of it is stashed in othercountries 7he +obraost sting has highlighted that ban0s, which are highl regulated,seem to be doing little to bring ta$ e!aders to boo0 at home /t is anone9s guess whatgoes on in more loosel regulated financial intermediaries such as co-oerati!e ban0s,.P+s and credit societies

Edited,prited ,pu!lis"edo#ed !$N%&%R%'%.M.R. () *I&+

2 No 71,-IR%&E ,

55

6%ER6R ,*%8MI%N%N%&%R ,-E%*

,MRE;


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INI%= >ell : 91 9341?20313, 91 ?97031?202

'ome page )

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% Me@!er oB %@est$ Iteratioal
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