Corruption

Rs 8.5 Lakh Crore Mega Loan Scam:‘Initiate Action, Publish Names of Top Defaulters’

CPI(M) general secretary Sitaram Yechury has written to the prime minister on the non-payment of bank loans of more than Rs 8.55 lakh crore by borrowers, particularly big corporate houses, and requested him to initiate an action plan to monetise the assets of all defaulters. He requested the prime minister to put into practice an urgent action plan to start recovery of pending loans from the top 100 borrowers. “You must begin by making public their names with the due amount; the list is already available with the RBI, your government and the Supreme Court.

Tamilnadu: Huge Granite Scam Testifies To The Corrupt Nature of DMK, AIADMK Regimes

A KEY issue in the elections to the legislative assembly in Tamilnadu, for which polling will take place on May 16, is the monumental scale of corruption under successive DMK and AIADMK regimes. The election campaign of the alliance of six parties – DMDK led by Vijayakanth, the four parties of the People’s Welfare Front(PWF), namely MDMK, CPI(M), CPI and VCK, and the Tamil Maanila Congress(TMC) led by GK Vasan – has highlighted the issue of corruption under the regimes of AIADMK and DMK sharply and with great clarity.

In Lok Sabha, CPI(M) Demands Probe into Lalit Modi Controversy, Resignation of Sushma Swaraj

CPI(M) Leader in Lok Sabha P Karunakaran, in his speech during the discussion on an Adjournment Motion over the Lalit Modi controversy on August 12, demanded a high-level investigation into the case and resignation of External Affairs Minister Sushma Swaraj till she is absolved of the charges against her. Swaraj and Rajasthan Chief Minister Vasundhara Raje have been accused of helping former IPL chief Lalit Modi, who faces charges of corruption, get travel documents from the UK. Karunakaran also questioned the silence of the Prime Minister on the issue.

Vyapam: A Massive Scam and Suspicious Deaths

THE Vyapam scam in Madhya Pradesh is a massive admission and recruitment scam involving key politicians, senior officials and businessmen. The Madhya Pradesh Professional Board (MPPEB), popularly known by its Hindi acronym “Vyapam”, is a government body responsible for conducting several entrance tests in the state. These entrance tests are for recruitment to government jobs and for admission to educational institutes. The scam involved a collusion of undeserving candidates, who bribed politicians and MPPEB officials through middlemen, to secure high ranks in these entrance tests.

Robber Capitalists of India

THE CBI Special Court on April 9, 2015 sentenced Satyam Raju and his brother to spend seven years in jail for “forging documents and falsifying accounts in the country, in the biggest ever corporate accounting fraud” and on March 14, 2015 the CBI made arrests of a few government functionaries for stealing confidential documents for multinational consultancy firm, PricewaterhouseCoopers and arrests of few others continued till the end of March for “Corporate Espionage”.

A Class Bias in Judiciary?

THE acquittal of Jayalalithaa by the Karnataka High Court in the disproportionate assets case has highlighted an undeniable fact of the judicial system in India -- that the rich and the powerful cannot be brought to justice for corruption and abuse of power. Jayalalithaa and three of her associates had been found guilty by a Special Court in September last year and sentenced to four years imprisonment and a Rs. 100 crore fine. A single judge bench of the High Court has overturned this verdict.

Left Front Delegation Meets PM On Chit Fund Scams

A DELEGATION of the Left Front led by Biman Basu (chairman, West Bengal Left Front committee), Sitaram Yechury (MP, leader of the CPI(M) group in Rajya Sabha), Abani Roy (ex-MP, Revolutionary Socialist Party) Surjya Kanta Mishra (leader of the opposition, West Bengal legislative assembly), Pallab Sengupta (Communist Party of India) and Ali Imran Ramz (member, legislative assembly of West Bengal, Forward Bloc) met the prime minister on December 22, on the issue of financial irregularities and fraud committed by financial companies in West Bengal.

WEST BENGAL: Interrogate CM Immediately, Demands CPI(M)

THE Central Bureau of Investigation has arrested transport minister  of  West Bengal and TMC leader Madan Mitra for “cheating and misappropriation of funds” in connection with the Saradha chit fund scam on December 12, 2014. He is the first minister of West Bengal since independence who has been arrested by the central agency for such huge corruption.

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