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”. These two interrelated events could have been determined as routine aberrations of a few corporate houses; however, these two events of corporate fraud cannot be determined as routine because many “illegalities” are committed everyday by the capitalist class and global transnational monopoly capitalists around the world to ‘maximise their profits’ where means do not matter for the accumulators. Americans have given the nomenclature of ‘Lobbies and lobbying” on behalf of the monopolists in the corridors of State power to influence decision making of the executive and legislative branches of the government in favour of capitalist class in general and individual monopoly capitalists who are engaged in particular industry or business or trade. What is the rationale for powerful lobbies and lobbyists to function in the interests of the capitalists through their ‘contacts’ with public decision makers? A very significant fact from contemporary situation may be mentioned to reveal the reality of capitalism’s methods for profit maximisation. The BJP MP Shyam Chandra Gupta, a beedi business baron, has made it a point to be a member of the parliamentary committee which is looking into the imposition of some restrictions on ‘tobacco citizens’. Gupta’s annual turnover of beedi business is Rs 200-225 crore per year and such a person is to decide in a parliamentary committee for rules controlling the sale of tobacco. Second, the Modi government has issued an ordinance on mines and minerals, and it was to be approved in March 2015 session of the parliament. Kalpatru Das, the Biju Janata Dal MP was a member of parliamentary committee on the Mining Bill. He ‘runs a mineral transport business’. The presence of BJD MP in the committee on mines bill acted as a facilitator through his party for Modi government to get parliamentary approval for Mines and Minerals (Development and Regulation) Bill and Coal Mines (Special Provisions) Bill approved on March 20, 2015. The practise of elected MP’s functioning as lobbyists and for the capitalists with whom their own business interests are linked is quite common in India because every kind of influence has to be exercised on public policy makers to get every kind of concession for profit seekers. Arun Jaitly, the Indian finance minister, in response to growing public anger on misdeeds of capitalists, foreign multinationals ‘thundered’ on April 6, 2015 that India is not a ‘tax haven’. Is India not a ‘tax haven’ for the mighty and influential capitalist class? It is well known and a documented fact that the big business houses employ all tricks to laws like income tax, customs, excise, banking etal and ‘fudge’ the accounts so that Indian monopolists declare themselves as ‘No Tax Companies’. Arun Jaitley must be ruing his own assertion of April 6, that India was not a ‘tax haven’ because on April 10, a forensic report prepared for the Special Fraud Investigation Office (SFIO) reported that “over a third of India’s top 500 companies including those in the top 100’ are ‘managing their accounts’. The upshot of evidence and facts is that the robber capitalists of India like all members of their global fraternity adopt every and any method, fair or foul, to maximise their profits and that their business empire can expand. Ordinary citizens can be landed up in jail for breaking any law of the State, but the monopoly capitalists along with their global allies are able to ‘cheat’ the State and the State functionaries whether political executive or permanent professional bureaucrats. Is the government – of, by, and for the people, ignorant about basic reality of society? The Forbes list of billionaires and global watch list of wealth of 2013-2014 shows that ‘the wealth of 85 tycoons equals poorest half of humanity’. The super billionaires had earned ‘US Dollar 686 per day (about Rs 4000 crore) till March 2014. India as a capitalist country is not an exception to the general rule of capitalism that wealth gets concentrated in a few hands only and absolute ‘inequality’ in society is fundamental to all capitalist societies. Indian capitalism has grown and come of age with the support of its ‘own ally’ the Indian State which has formed an alliance with global capitalist State systems. Veerappa Moily, former petroleum minister in the Manmohan Singh government publically admitted that ‘he felt threatened by Indian oil import lobby’ who did not want to make India a little self-reliant on the basis of domestic exploration of oil and gas. The capitalist class thrives and enjoys power and privileges for free accumulation of profits because the owners of private property for production of goods and services are protected by the State. It is one Satyam Raju or one Cairn India or one powerful transnational corporation which may be in the news for methods employed for accumulation. However, the reality is as shown above that the political economy of capitalist State of India has through its own logic provided opportunities and spaces for capitalists, individuals or groups, indigenous or foreign to accumulate, accumulate and accumulate with the generosity of its own instrument of the State in India. C P Bhambri is formerly professor at JNU, New Delhi