Prime Minister forgot to include Vadras in reshuffle?

“It is a combination of youth and experience,” said Prime Minister Manmohan Singh after reshuffling his council of ministers on Oct 28, 2012. The average age of the 17 new ministers is 52.4 years! The reshuffle saw 17 new faces become ministers. Unfortunately Manmohan Singh could not include at present bachelor Rahul Gandhi and Mr. and Mrs Vadra. Dr Singh was referring to the old Bob Dylan number that went somewhat like this.

 

May God bless and keep you always

 May your wishes all come true

 May you always do for others

 And let others do for you

 May you build a ladder to the stars

 And climb on every rung

 May you stay forever young

 Forever young, forever young

 May you stay forever young

Entire Gandhi family including Rahul Gandhi, Priyanka and Robert Vadra are being attacked for tax evasion frauds and the purchase of land by unethical or illegal means. Should they become the ideal for youths?

 

 

Entry into politics and making wealth by unethical or illegal means in India has become like a family owned business where the sons (and now daughters) are destined to takeover irrespective of the fact whether they have the aptitude for the job or not. French puts it best when he says, “If the trend continued, it was possible that most members of the Indian Parliament would be there by heredity alone, and the nation would be back to where it had started before the freedom struggle, with rule by a hereditary monarch and assorted Indian princelings.” This also happens in China’s Prime Minister Wen family. 

 

As reported by ‘Firstpost’, Former Haryana Chief Minister Om Prakash Chautala today accused Rahul Gandhi of tax evasion in land purchase in a village in Palwal district.

“Rahul Gandhi purchased a piece of land measuring around 6.5 acre in Hasanpur village in Palwal district of Haryana in March 2008. He resorted to tax evasion in it. Rahul bought this land at the rate of Rs 1.5 lakh per acre as mentioned in the land registration deed even as its valuation by the government at that time was Rs 8 lakh per acre,” Chautala told a press conference here.

Chautala said the government value of the land given to Gandhi at the rate of Rs 1.5 lakh per acre was Rs 8 lakh per acre while its market value was much more at Rs 35 lakh per acre. In a point by point rebuttal, Gandhi’s office said in Delhi that he had purchased 51 Kanal 13 Marla ( 6.456 acres) of Sailab Land in Hassanpur Village, Tehsil Hodal, District Palwal in Haryana.

“The land was purchased for a total price of Rs 26.47 lakh paid for by cheque, which is the equivalent of Rs 4.10 lakh per acre. The prevailing Collector Rate for Sailab Land in Hassanpur Village, Tehsil Hodal for 2007-08 and as of March 3 2008, and the date of purchase was Rs 1.5 lakh per acre. Gandhi paid stamp duty of six percent amounting to Rs01 lakh 58 thousand 820 on the purchase price of Rs 26.47 lakh at a rate of Rs 4 lakh 10 thousand six per acre (i.e. at over 2.7x the prevailing Collector Rate),” a release by the office of the Congress leader said.

Chautala also claimed that Haryana Chief Minister Bhupinder Singh Hooda’s “benevolence” has helped Robert Vadra purchase properties worth several crores allegedly at “throw away prices” and demanded a probe by a sitting Judge of the Supreme Court.

 

Rahul Gandhi running a fraud company: Subramanian Swamy

 

Janata Party chief Subramanian Swamy on Saturday Oct 27, 2012 accused Congress leader Rahul Gandhi of running a fraud company and of misusing government facilities. Gandhi had owned a company called Back-Ops Private Limited and had indulged in wrong doings to keep it afloat.

 

He claimed that the office of the company was registered at a government bungalow in New Delhi  which had been registered in the names of Gandhi’s sister Priyanka and her husband Robert Vadra.

 

As per the Janata Party chief, Rahul also gave out conflicting turnover statements of the company in the assets declaration form before the last general elections, which put a question mark on the credibility of the company.

 

Swamy claimed that the setting up of a private company in a government residence is illegal.

 

“Number one, he has earned foreign exchange, all the money that he has earned is through foreign exchange. No one is sure whether it is 41,00,000 rupees ($76,271.97) or 41,000 ($762.72) rupees. Secondly, they have shown their registered office as a government lodge. That is illegal,” he said.

 

Swamy said that the company was closed down in a hurry after he had raised the issue in Parliament last year. He said Rahul Gandhi had not mentioned the company in his asset’s declaration before the general elections of 2004 and 2009, and he had nearly 82 percent shares in the company.

 

Swamy demanded that a probe should be initiated into the matter. He said he will write a letter to Corporate Affairs Minister Veerappa Moilyabout this issue.

 

 

Book: “Corporate Kleptocracy: US Hilton hotel group-DLF-Vadra’ 

 

Comment for publication may be sent at: premendraagrawal@gmail.com

 

 

line-height: 12.75pt;

Should India follow China, blocking of NYT over Wen family wealth?

BBC reports: Lawyers for Chinese Premier Wen Jiabao’s family have rejected New York Times claims that they have amassed “hidden riches” of billions of dollars. 


 

In a statement carried by Hong Kong media, they said that while some of the Wen family was involved in business activities none of it was illegal.

 

 [Should we say the same about US Hilton hotel group-DLF-Vadra deals?]

 

The US newspaperNew York Times NYT reported on Friday that Mr Wen’s family controlled assets worth at least $2.7bn (£1.7bn).

 

New York Times NYT responded to the statement on Sunday, saying it stood by the story.

 

Legal threat is also given by China Government to the New York Times.

 

 

The sites were blocked to the country’s 800 million internet users barely 30 minutes after the story was posted, and in subsequent hours Chinese censors had wiped the Chinese-language internet clean of any traces of the story, blocking a range of search terms, including Mr Wen’s nickname, “Grandpa Wen”; the name of his millionaire jeweller wife, “Zhang Beili”; the name of his mother; and the terms “Prime Minister” and “New York Times”.

 

While there has been no word about the story on Chinese-language websites inside China, the Ministry of Foreign Affairs described the story as a “smear”, in its daily briefing in Beijing.

 

The publisher of the New York Times NYT, Arthur Sulzberger Jr, said: “I’m very proud of this work.”

 

Arthur Sulzberger Jr was quoted on the New York Times’s website as saying: “Our business is to publish great journalism.

 

“Does this have a business impact? Of course”

 

 

Hurry to read-Corporate Kleptocracy: US Hilton group-DLF-Vadra: You tube Video on Vadra banned in India?

 

 

 

How can and under which act my articles be banned? 

[1] ‘Sonia Gandhi is wealthier than three time premier of Italy Berlusconi’ can’t be banned? 

 

 

[2] ‘Good News for Indian Corrupt Political Families’: 

 

Between 18 and 21 August 2012 the Government of India though minister Kapl Sibbal, ordered more than 300 specific URLs blocked. 

 

 

The blocked articles, accounts, groups, and videos were said to contain inflammatory content with fictitious details relating to Assam violence and supposedly promoting the NE exodus. These specific URLs include the domains of Facebook, Twitter, YouTube, BlogSpot, WordPress, Google Plus, Wikipedia, Times of India, and other websites.

 

Many of the blocked URLs are Indian right wing activism against corruption. This raised questions about freedom of speech in the largest democracy of the world. It also raised questions about the censorship of people and posts debunking rumors. The Economic Times called the level of censorship as those “that have not so far been seen in India”. Over four days from 18 August, the Government of India issued directives to Internet Service Providers to block Twitter accounts of two Delhi based journalists – Kanchan Gupta and Shiv Aroor – and Pravin Togadia. The government also blocked the website of Rashtriya Swayamsevak Sangh and several other right-wing websites. In addition, articles from Wikipedia, and news reports of violence in Assam on the websites of The Times of India, Firstpost, The Daily Telegraph and Al-jazeera were blocked. A petition was created to oppose Internet censorship in India by the Indian Diaspora in the US

 

Book: “Corporate Kleptocracy: US Hilton hotel group-DLF-Vadra’ 

 

Comment may be sent at: premendraagrawal@gmail.com

 

 

MsoNoSpacingmargin: 0in; margin-bottom: .0001pt; line-height: 12.75pt;/span

DLF-Vadra: Corruption on the record via Political Freedom fighters

RoC records with TIMES NOW vs Corporation bank

 

But the correspondent has the record which shows the entry of Rs 7.944 crore book overdrafts entered in Sky Light’s books. The land price was Rs 7.5 crore, and the balance Rs 45 lakh could have been registration and stamp duty costs. As per RoC records with TIMES NOW , Onkareshwar properties is owned by two individuals – Satyanand Yajee and Godavari Yajee.

 

Corporation Bank Chairman and Managing Director Ajai Kumar on Oct 18, 2012 in Ahmadabad said no funds by way of loan or overdraft has been given to Robert Vadra, son-in-law of UPA Chairperson and Congress President Sonia Gandhi.

 

Replying to a question as to whether the public sector bank had given over Rs 7.5 crore to Vadra, who is currently embroiled in a controversy over a real estate deal with housing major DLF Group in Haryana, he reiterated the bank’s position: “We have already denied it. There is nothing new to add. We don’t have any documents whatsoever to comment on this issue.”

 

Satyanand Yajee, who lives in Freedom Fighters Colony in South Delhi’s Neb Sarai, is listed as the General Secretary of the Freedom Fighters’ body on its website. When our reporter went to Neb Sarai, Yajee wasn’t available.

 

 TIMES NOW  : Is Satyanand Yajee here? We are from TIMES NOW news channel. Is Satyanand Yajee here?

 Resident: No sir, he is not here, he has gone out

 

 TIMES NOW  : Where is he, can you tell us something. Actually a news report has come out about a land deal in which Robert Vadra was given your land

 Resident: I don’t know

 

 Satyanand Yajee owns 98 percent of Onkareshwar properties. The organisation that he is General Secretary of also has strong ties to Haryana Chief Minister Bhupinder Singh whose father was the working president of the organisation.

 

 TIMES NOW  : Does Mr. Yajee know him (Bhupinder Singh Hooda)?

 Office bearer: Yes, he knows him, they keep going and coming

 

 TIMES NOW  : Do you have any photo of Mr. Yajee?

 Office bearer: No, I don’t have any photo

 

 TIMES NOW  : He is the secretary here?

 Office bearer: NO no, I don’t have any photo of his. He will only have his photos. (Walks towards a door and points at a photograph) This is his father.

 

 TIMES NOW  : This is his father?

 Office bearer: This is his father. This is Hooda sir’s father.

 

 TIMES NOW  : This is Hooda’s father? And who is this?

 Office bearer: Yes and this is Satyanand’s father

 

Some Facts about Onkareshwar Properties:

2004 Onkareshwar Properties incorporated with paid-up capital of Rs 1 lakh

2005 Anil Bhalla and Gautam Bhalla, father-son duo of Vatika Group, buy 5,000 shares each for a total consideration of Rs 1 lakh

2006 Current assets rise to Rs 2.6 crore, funded by short-term debt; books Rs 77,949 profit for FY06

Feb 18, 2008 Satyanand Yajee & Sandeep Dahiya become directors

Feb 19, 2008 Files FY07 balance sheet, showing current assets zoomed nine times to Rs 20.9 crore in one year, backed by loans

Mar 25, 2008 240,000 fresh shares of Rs 10 each allotted to Mr. Satyanand Yajjee

Dec 5, 2008 Files FY08 balance sheet, showing sundry debtor rose to Rs 7.95 crore from zero the previous year; current liabilities rise dramatically to Rs 87 crore.

Oct 2009 Finanical Year 2009 balance sheet shows that the company earned profits of Rs 43 crore. The Rs 7.95-crore sundry debtor not mentioned, which implies it was settled. Company is sitting on Rs 34 crore cash and has given Rs 12.5 crore as advances to other.

 

 People feel that there is direct connection between Onkareshwar, Bhupinder Hooda and Vadra as the manner in which the Shikohpur land was acquired and then later sold to DLF.  Haryana Chief Minister who himself involved in this alleged fraud has already given the clean chit to Vadra. Sonia Gandhi, Prime Ministers and his cabinet ministers are not behind to say national son-in-law Vadra is Mr. Clean.

 

Before Godavari Yajee wife of Satyanand Yazee, who holds two per cent stake as of the last filing with MCA, became the director of Onkareshwar Properties on March 31, 2011, that position was held by Sandeep Dahiya, who also held two per cent stake in the company. Dahiya, who joined the company on the same day as Satyanand Yazee, is a relative of Hooda from his wife, Asha Dahiya Hooda’s side. In 2011, he was selected for the Haryana civil service. Citing ties to the CM, opposition parties such as the Omprakash Chautala-led INLD alleged nepotism.

 

Before Yajee joined Onkareshwar Properties in 2008, the company was owned by Anil Bhalla and Gautam Bhalla of the Vatika group (in the photo below). In 2005, they bought the company, incorporated by Pardeep and Govind Kumar in 2004, with capital of Rs 100,000

Continued………………

Book: “Corporate Kleptocracy: US Hilton hotel group-DLF-Vadra’ 

 

Comment may be sent at: premendraagrawal@gmail.com

 

 f

Sonia Gandhi is wealthier than three time premier of Italy Berlusconi

Forbes magazine ranked Silvio Berlusconi as the 169th richest man in the world with a net worth of US$5.9 billion.In 2012, Forbes magazine reported that Berlusconi was Italy’s sixth richest man, with a net worth of $5.9 billion. 

 

Sonia Gandhi is 6th in the Forbes list of most powerful women in the world. As per Business Insider, Sonia Gandhi is also the 4th richest politician who has stashed away $19 billion, a litany her political opponents and distracters had been singing ever since the Business Insider Published the list. Russian Premier Putin with $180,000-$40 billion is also behind Sonia Gandhi.

 

Savitri Jindal is 7th wealthiest woman with $13.2 billion. Member of the Legislative Assembly in Haryana which is famous now for US Hilton hotel group-DLF-Vadra alleged corruption. Jindal became one of the richest women in India in 2011, reported Day & Night News. She serves as a non-executive board member of O.P. Jindal–the family’s steel and power conglomerate, which her sons run today.

 

Zee News on Oct 27, 2012 sent a defamation notice of Rs 150 crore to Naveen Jindal accusing his press conference on a sting operation conducted by his company, Jindal Steel and Power Ltd, on the TV channel, as an attempt to divert attention from demand for independent probe in the coal blocks allocations controversy.

 

The details of how Ms.Sonia Gandhi, a widow of Rajiv Gandhi, accumulated such wealth are not known, but it happened after she married to Rajiv Gandhi a member of the powerful Nehru Gandhi family of India

 

Is Sonia Gandhi not richest parliamentarian of India?

Robert Vadra and DLF Chairman K N Singh are also in the race.

Silvio Berlusconi says he won’t seek re-election as prime minister of Italy

He vows to campaign actively and threatens to pull his support for the current administration

He criticizes Mario Monti’s government for enacting policies imposed by Germany

Silvio Berlusconi said late Saturday he won’t seek to return to the job he held for nine of the past 20 years as prime minister of Italy but vowed to campaign actively and threatened to pull his support for the country’s technocrat government.

A Milan court on Friday sentenced Berlusconi to four years in jail — quickly reduced to one year under an amnesty law designed to tackle overcrowding in prisons — and banned him from holding public office for five years.

Silvio Berlusconi (born 29 September 1936) is an Italian politician and media tycoon who served three times as Prime Minister of Italy from 1994 to 1995, 2001 to 2006 and 2008 to 2011. Berlusconi is the longest-serving post-war Prime Minister of Italy, and third longest-serving since the Unification of Italy, after Benito Mussolini and Giovanni Giolitti, holding three separate terms. He is the leader of the People of Freedom political movement, a centre-right party he founded in 2009.

On 26 October 2012, Berlusconi was convicted of fraud by an Italian court for tax evasion. He remains free and is expected to appeal the decision.

 

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Comment may be sent at: premendraagrawal@gmail.com

 

Kalidas: Cutting the tree of Anti-Corruption Noble Movement

Common people who had no interest in the politics tried to awaken other common people about the Anti-Corruption movement of Anna Hazare and Baba Ramdev. People hoped that positive change would be possible in the politics. But Kejriwal‘s separating from the movement of Anna hazare and dreaming of forming newly political party poured the water on the People’s hope. His all out attack including on Nitin Gadkari, Salman Khurshid and others becomes the pollution for healthy political environment and oxygen for the corrupt political family rule. 

 

 

Kejriwal gives a golden chance especially to Sonia Gandhi to roar in the campaign of going on assembly election. Sonia Gandhi thinks that by attacking others on corruption issue she can legalize the corrupt deeds of national son-in-law Vadra with DLF and US Hilton hotel group. Actually Sonia Gandhi is tracking the path of corrupt China’s Prime Minister Wen’ Family Empire.

 

 

Digvijay singh cries: Nitin Gadkari’s stay as BJP chief will help Congress, He han no word for staying Sonia Gandhi, Manmohan Singh and whole government behind the corrupt deeds of national son-in-law Vadra

 


In fact his all out attack helps the present East India Company corrupt Congress and its whole sole proprietor Gandhi family who rules India without accountability. Corrupt Congress rules India with the outside inside support of corrupt politicians of states such as Maya, Mulayam from outside, Karunanidhi and Sharad Pawar from inside.

 

Kejriwal has come in the role of Kalidas by cutting the tree of Anti-Corruption Noble movement. Kejriwal may succeed to win election in Delhi. As Congress leaders think Gandhi family of 10 Jan Path is India, Kejriwal also thinks that Delhi is India. 

 

 

As Kalidas succeeded to marry queen, Kejriwal may win 2013 Delhi election. In fact Kejriwal ruined the noble anti-corruption noble movement for his short term little personal political gain. He should remember that Kalidas was thrown outside the palace by the queen. But Kejriwal should not be nervous.

One group of men found a young Kalidas sitting on top of tree, cutting a branch for fodder for his goats. The foolish aspect of his act was that he was sitting on the edge of the branch which he was cutting.

The spies shouted at the shepherd, “Hey you wait! Stop cutting or you will fall with the branch and kill yourself.”

The Kalidas did not agree. He shouted back, “Don’t worry. I am not cutting fodder for the first time!” and continued cutting. Soon “Crash!” came down the branch and “Thud” fell the shepherd on his back.

“See” he stood up rubbing his back. “I have not died! Didn’t I tell you that I am experienced?”

The spies laughed. They decided that this was the end of their search. They told him, “We are very pleased with your feat. Now, come with us to the Royal Palace. The King will be pleased to meet you.”

They took Kalidas to the palace and presented him as a great sage who was observing a vow of silence, and told the queen he could only communicate through gestures. Previously they’d advised Kalidas to keep his mouth shut under all circumstances and simply move his fingers and fists when questioned. The princess interrogated Kalidas and the responses of his fingers and fists, as interpreted by the wise men, made him seem the wisest man in the kingdom.

Delighted, the princess married him. Shortly after they entered the marriage chamber Kalidas uttered something and the princess, with horror, discovered she was married to a dolt. She kicked him out of the bed chamber and palace. She called him a camel and other such endearing names.

Kalidas was miserable. He determined life was not worth continuing — especially his life.

He went to the river to drown himself. But once there, he observed that the rocks beside the river had been worn down by the washerwomen who scrubbed and pounded the clothes on the stones of the bank. Kalidas hesitated a moment in his desire for oblivion and studied the hollows worn in the stone banks by the washerwomen.

“If merely washing clothes can wear down something as hard as stone, surely my thick, numb, stupid mind can also be worn through,” he said.

Kalidas prayed that this possibility be so. He prayed to the Lord, thinking of the Lord as his divine mother. She appeared to him and bestowed a blessing on his thick head. His stammering tongue was freed, his mind became clear, and his deep heart became unblocked. He became the most eloquent and brilliant poet in Indian history. Kalidas is considered the Shakespeare of India.

Worth thinking about, isn’t it? A man who couldn’t saw the branch off a tree intelligently became legendary for the subtlety of his mind.

 

 

Book: “Corporate Kleptocracy: US Hilton hotel group-DLF-Vadra’ 

 

Comment may be sent at: premendraagrawal@gmail.com

 

Kalidas: Cutting the tree of Anti-Corruption Noble Movement

Common people who had no interest in the politics tried to awaken other common people about the Anti-Corruption movement of Anna Hazare and Baba Ramdev. People hoped that positive change would be possible in the politics. But Kejriwal‘s separating from the movement of Anna hazare and dreaming of forming newly political party poured the water on the People’s hope. His all out attack including on Nitin Gadkari, Salman Khurshid and others becomes the pollution for healthy political environment and oxygen for the corrupt political family rule. 

 

Kejriwal gives a golden chance especially to Sonia Gandhi to roar in the campaign of going on assembly election. Sonia Gandhi thinks that by attacking others on corruption issue she can legalize the corrupt deeds of national son-in-law Vadra with DLF and US Hilton hotel group. Actually Sonia Gandhi is tracking the path of corrupt China’s Prime Minister Wen’ Family Empire.

 

Digvijay singh cries: Nitin Gadkari’s stay as BJP chief will help Congress, He has no word for staying Sonia Gandhi, Manmohan Singh and whole government behind the corrupt deeds of national son-in-law Vadra. 


In fact his all out attack helps the present East India Company corrupt Congress and its whole sole proprietor Gandhi family who rules India without accountability. Corrupt Congress rules India with the outside inside support of corrupt politicians of states such as Maya, Mulayam from outside, Karunanidhi and Sharad Pawar from inside.

 

Kejriwal has come in the role of Kalidas by cutting the tree of Anti-Corruption Noble movement. Kejriwal may succeed to win election in Delhi. As Congress leaders think Gandhi family of 10 Jan Path is India, Kejriwal also thinks that Delhi is India. 

 

 

 

As Kalidas succeeded to marry queen, Kejriwal may win 2013 Delhi election. In fact Kejriwal ruined the noble anti-corruption noble movement for his short term little personal political gain. He should remember that Kalidas was thrown outside the palace by the queen. But Kejriwal should not be nervous.

One group of men found a young Kalidas sitting on top of tree, cutting a branch for fodder for his goats. The foolish aspect of his act was that he was sitting on the edge of the branch which he was cutting.

The spies shouted at the shepherd, “Hey you wait! Stop cutting or you will fall with the branch and kill yourself.”

The Kalidas did not agree. He shouted back, “Don’t worry. I am not cutting fodder for the first time!” and continued cutting. Soon “Crash!” came down the branch and “Thud” fell the shepherd on his back.

“See” he stood up rubbing his back. “I have not died! Didn’t I tell you that I am experienced?”

The spies laughed. They decided that this was the end of their search. They told him, “We are very pleased with your feat. Now, come with us to the Royal Palace. The King will be pleased to meet you.”

They took Kalidas to the palace and presented him as a great sage who was observing a vow of silence, and told the queen he could only communicate through gestures. Previously they’d advised Kalidas to keep his mouth shut under all circumstances and simply move his fingers and fists when questioned. The princess interrogated Kalidas and the responses of his fingers and fists, as interpreted by the wise men, made him seem the wisest man in the kingdom.

Delighted, the princess married him. Shortly after they entered the marriage chamber Kalidas uttered something and the princess, with horror, discovered she was married to a dolt. She kicked him out of the bed chamber and palace. She called him a camel and other such endearing names.

Kalidas was miserable. He determined life was not worth continuing — especially his life.

He went to the river to drown himself. But once there, he observed that the rocks beside the river had been worn down by the washerwomen who scrubbed and pounded the clothes on the stones of the bank. Kalidas hesitated a moment in his desire for oblivion and studied the hollows worn in the stone banks by the washerwomen.

“If merely washing clothes can wear down something as hard as stone, surely my thick, numb, stupid mind can also be worn through,” he said.

Kalidas prayed that this possibility be so. He prayed to the Lord, thinking of the Lord as his divine mother. She appeared to him and bestowed a blessing on his thick head. His stammering tongue was freed, his mind became clear, and his deep heart became unblocked. He became the most eloquent and brilliant poet in Indian history. Kalidas is considered the Shakespeare of India.

Worth thinking about, is n’t it? A man who could n’t saw the branch off a tree intelligently became legendary for the subtlety of his mind.

 


Book: “Corporate Kleptocracy: US Hilton hotel group-DLF-Vadra’ 

 

Comment may be sent at: premendraagrawal@gmail.com 

 

Good News for Indian Corrupt Political Families

Gandhi family is a corrupt banyan tree to take rest for other corrupt political families of the states such as Mulayam, Mayawati, Karunanidhi, Sharad Pawar etc. Some other State-Political Families Badal, Shivsena, Patnayak, Chandrababu Naidu etc are far away from the Gandhi family-banyan tree. Most of these political families are corrupt. The handicapped such as blind may relax and feel happy to see another similar person. So above said political families now may be happy to know about the Wen Family Empire of China which I read at New York Times.

 

Sonia Gandhi with her entire family including Rahul, Priyanka, her husband Robert Vadra went to China in their three days tour in August 2008. That was Sonia’s second trip of the year to China. Gandhi had said in China in her visit that India had too much learnt from China 

The story of prince lings in China is quite well known with the sons and daughters of powerful members of the Chinese Communist Party ruling billion dollar business empires.

 

 

Billions in Hidden Riches for Wen Family Empire

 

Yang Zhiyun, mother of China’s prime minister was a schoolteacher in northern China. His father was ordered to tend pigs in one of Mao’s political campaigns. And during childhood, “my family was extremely poor,” the prime minister, Wen Jiabao, said in a speech last year.

 

But now 90, the prime minister’s mother, Yang Zhiyun, not only left poverty behind, she became outright rich, at least on paper, according to corporate and regulatory records. Just one investment in her name, in a large Chinese financial services company, had a value of $120 million five years ago, the records show.

 

The details of how Ms. Yang, a widow, accumulated such wealth are not known, or even if she was aware of the holdings in her name. But it happened after her son was elevated to China’s ruling elite, first in 1998 as vice prime minister and then five years later as prime minister.

 

[Sonia Gandhi is 6th in the Forbes list of most powerful women in the world. As per Business Insider, Sonia Gandhi is also the 4th richest politician who has stashed away $19 billion, a litany her political opponents and distracters had been singing ever since the Business Insider Published the list. The details of how Ms.Sonia Gandhi, awidow of Rajiv Gandhi, accumulated such wealth are not known, but it happened after she married to Rajiv Gandhi a member of the powerful Nehru Gandhi family of India]

 

Many relatives of Wen Jiabao, including his son, daughter, younger brother and brother-in-law, have become extraordinarily wealthy during his leadership, an investigation by The New York Times shows. A review of corporate and regulatory records indicates that the prime minister’s relatives — some of whom, including his wife, have a knack for aggressive deal making — have controlled assets worth at least $2.7 billion.

[The same may be say about the Sonia Gandhi, her son, daughter, and most popular talk to today her son-in-law Robert Vadra]

 

The Times found that Mr. Wen’s relatives accumulated shares in banks, jewelers, tourist resorts, telecommunications companies and infrastructure projects, sometimes by using offshore entities.

The holdings include a villa development project in Beijing; a tire factory in northern China; a company that helped build some of Beijing’s Olympic stadiums, including the well-known “Bird’s Nest”; and Ping an Insurance, one of the world’s biggest financial services companies.

 

The prime minister’s younger brother, for example, has a company that was awarded more than $30 million in government contracts and subsidies to handle wastewater treatment and medical waste disposal for some of China’s biggest cities, according to estimates based on government records. 

 

The apparent efforts to conceal the wealth reflect the highly charged politics surrounding the country’s ruling elite, many of whom are also enormously wealthy but reluctant to draw attention to their riches. When Bloomberg News reported in June that the extended family of Vice President Xi Jinping, set to become China’s next president, had amassed hundreds of millions of dollars in assets, the Chinese government blocked access inside the country to the Bloomberg Web site.

“In the senior leadership, there’s no family that doesn’t have these problems,” said a former government colleague of Wen Jiabao who has known him for more than 20 years and who spoke on the condition of anonymity. “His enemies are intentionally trying to smear him by letting this leak out.”

 

[Sonia Ganhi’s Congress party, Union Ministers, Congress Chief Ministers of Haryana and Delhi says the same about national son-in-law Vadra’s transactions with DLF]

 

The couple’s only son sold a technology company he started to the family of Hong Kong’s richest man, Li Ka-shing, for $10 million, and used another investment vehicle to establish New Horizon Capital, now one of China’s biggest private equity firms, with partners like the government of Singapore, according to records and interviews with bankers.

The prime minister’s younger brother, Wen Jiahong, controls $200 million in assets, including wastewater treatment plants and recycling businesses, the records show.

 

As prime minister, Mr. Wen has staked out a position as a populist and a reformer, someone whom the state-run media has nicknamed “the People’s Premier” and “Grandpa Wen” because of his frequent outings to meet ordinary people, especially in moments of crisis like natural disasters.

[This is also said about Gandhi family members by giving slogans ‘Remove Poverty, Save India’ now their slogan is ‘Remove corruption’. Is not joke? How can corrupt remove crooruption?]

 

China’s ‘Diamond Queen’

It is no secret in China’s elite circles that the prime minister’s wife, Zhang Beili, is rich, and that she has helped control the nation’s jewelry and gem trade. But her lucrative diamond businesses became an off-the-charts success only as her husband moved into the country’s top leadership ranks, the review of corporate and regulatory records by The Times found.

 

“Her business activities are known to everyone in the leadership,” said one banker who worked with relatives of Wen Jiabao. The banker said it was not unusual for her office to call upon businesspeople. “And if you get that call, how can you say no?”

“She’s the most important person there,” said Gaetano Cavalieri, president of the World Jewelry Confederation in Switzerland. “She was bridging relations between partners — Chinese and foreign partners.”

As early as 1992, people who worked with Ms. Zhang said, she had begun to blur the line between government official and businesswoman.

 

“After Wen became prime minister, his wife sold off some of her diamond investments and moved into new things,” said a Chinese executive who did business with the family. He asked not to be named because of fear of government retaliation. Corporate records show that beginning in the late 1990s, a series of rich businessmen took turns buying up large stakes in the diamond companies, often from relatives of Mr. Wen, and then helped them reinvest in other lucrative ventures, like real estate and finance.

According to corporate records and interviews, the businessmen often supplied accountants and office space to investment partnerships partly controlled by the relatives.

“When they formed companies,” said one businessman who set up a company with members of the Wen family, “Ms. Zhang stayed in the background. That’s how it worked.”

[My book “Corporate Kleptocracy: US Hilton hotel group-DLF-Vadra’ tells the same story]

 

Winston Wen

Late one evening early this year, the prime minister’s only son, Wen Yunsong, was in the cigar lounge at Xiu, an upscale bar and lounge at the Park Hyatt in Beijing. He was having cocktails as Beijing’s nouveau riche gathered around, clutching designer bags and wearing expensive business suits, according to two guests who were present.

 

In China, the children of senior leaders are widely believed to be in a class of their own. Known as “princelings,” they often hold Ivy League degrees, get V.I.P. treatment, and are even offered preferred pricing on shares in hot stock offerings.

 

A Times review of Winston Wen’s investments, and interviews with people who have known him for years, show that his deal-making has been extensive and lucrative, even by the standards of his princeling peers.

 

State-run giants like China Mobile have formed start-ups with him. In recent years, Winston Wen has been in talks with Hollywood studios about a financing deal.

 

[Vadra is not different from Winston Wen. Real estate giant DLF and US Hilton hotel group have formed start-ups with Vadra]

 

“He’s not shy about using his influence to get things done,” said one venture capitalist who regularly meets with Winston Wen.

 

The younger Mr. Wen declined to comment. But in a telephone interview, his wife, Yang Xiaomeng, said her husband had been unfairly criticized for his business dealings.

 

He made an even bolder move in 2005, by pushing into private equity when he formed New Horizon Capital with a group of Chinese-born classmates from Northwestern. 

 

Today, New Horizon has more than $2.5 billion under management.

 

Some of Winston Wen’s deal-making, though, has attracted unwanted attention for the prime minister.

 

In 2010, when New Horizon acquired a 9 percent stake in a company called Sihuan Pharmaceuticals just two months before its public offering, the Hong Kong Stock Exchange said the late-stage investment violated its rules and forced the firm to return the stake. Still, New Horizon made a $46.5 million profit on the sale.

 

The Tycoons

 

Around 2002, Ms. Duan went into business with several relatives of Wen Jiabao, transforming her property company into an investment vehicle of the same name. The company helped make Ms. Duan very wealthy.

 

It is not known whether Ms. Duan, now 43, is related to the prime minister. In a series of interviews, she first said she did not know any members of the Wen family, but later described herself as a friend of the family and particularly close to Zhang Beili

 [Ms Duan reminds us the Quattrocchi bofors]

 

Fallout for Premier

 

In the winter of 2007, just before he began his second term as prime minister, Wen Jiabao called for new measures to fight corruption, particularly among high-ranking officials.

“I have the courage to face the people and to face history,” he said in an emotional session. “There are people who will appreciate what I have done, but there are also people who will criticize me. Ultimately, history will have the final say.”

 

Ministers hide national son in law behind Gadkari and Salman Khurshid

UPA Government of Sonia Gandhi. Sonia Gandhi’s UPA government hides national son in law Vadra behind Salman Khurshid and Gadkari In defense it is said that national son in law Vadra’s transactions are transparent on the DLF record. In fact it is nude picture of corrupt partial government.

 

“I sincerely believe, like Caesar’s wife, the prime minister should be above suspicion, and it is for this reason that I am prepared to appear before the Public Accounts Committee, I am not afraid of the CBI ” Prime Minister said this in Nov 2011.

 

 

Then why he hesitates to probe on the Natioal Son-In-law Vadra. Why his cabinet ministers Chidambarm, Veerappa Moily and others. They say Vadra is a private person. Then why do they not say the same for Gadkari?

 

India wants Khemka like personalities everywhere. Government hides national son in law behind Gadkari and Salman Khurshid.

 

 

We can’t say that Chairman of Press Council of India Shree Katju is impartial in writing a letter to the Chief justice of India J S Verma to probe allegations against Law Minister Salman Khurshid and also against India Today group. Katju jee did not write the same letter for Vadra and Kejriwal on the matter of their current fight. Arun Jaitley, Leader of the Opposition in the Rajya Sabha had said recently that, “pre-retirement judgments are influenced by a desire for a post-retirement job.” Instead of igniting a public debate on the issue, Law Minister Salman Khurshid retorted that the position of the judiciary should n’t be undermined. This is when the UPA government is for initialing key reforms in the judiciary especially vis-a-vis the appointment of judges in the Supreme Court.

 

The basis for the natural justice rule against bias is the need to maintain public confidence in the legal system. Are Salman Khurshid and Chairman of Press Council of India Shree Katju strengthening the confidence of public towards Judiciary and the Government.

 

Union Corporate Affairs Minister Veerappa Moily and other ministers can initiate inquiry against Gadkari but they can’t do the same against national son in law. In the past ‘Indira is India’ now ‘Sonia is India’.

People of Haryana should revolt against the congress which is giving their state a bad name. People of India should punish the Congress in the coming election of 2014.

 

Vadra is corrupt or not, Gadkari is corrupt or not: this article is not for not such discussion.

Question here is only: where they are and how they behave after labeling the charges against them as reported media?

 

Balbir Punj rightly said, “When Robert Vadra is facing allegations, he ran away even from Facebook.  Mr Gadkari is going from studio to studio answering questions.” Does missing report of Vadra any where? Vadra appeared only one time on media.

 

After Ministry of Corporate Affairs, Income Tax department too has launched a probe to trace the source of funding of various firms. They can do so. But why do they not do the same against Vadra?

 

Whilst the term natural justice is often retained as a general concept, it has largely been replaced and extended by the more general “duty to act fairly”. What is required to fulfill this duty depends on the context in which the matter arises.

DLF-Vadra and their defenders with cooked books

DLF Chairman said transactions with Robert Vadra are on the company’s book means cooked books.. Vadra is a private person according to the Minister Chidambaram. After the call of UPA Chairperson Sonia Gandhi all top leaders, the Union Ministers even constitutional authorities as Governor of Karnatak are coming into the defense of Vadra on the basis of cooked books . Indirectly Prime Minister and Chairman of the Press Council of India have also defended them by attacking others. It shows that all are devoted to one Gandhi family.

People hope that DLF does not follow the path of the Italy’s giant- Parmalat.

Parmalat, Italy’s giant dairy foods producer, was founded in 1961 by Calisto Tanzi, a 22 year-old college dropout and Italian food industry heir. 

 

On the surface, all seemed at least reasonably well with Parmalat through 2002. In addition to many individual shareholders, Parmalat had a number of well-regarded institutional investors and creditors, a solid credit rating and even listed securities in the United States. However, as we will discuss shortly, there were important warning signals of troubles ahead. C

 

On December 19, the biggest corporate scam in European history was unveiled when Bank of America announced and Parmalat confirmed that a €3.95 billion account that Parmalat claimed to have at the Bank simply did not exist. About a week later, Tanzi, who admitted to taking over €500 million for himself and his other businesses, was jailed in Milan’s overcrowded San Vittore prison, albeit, reportedly, in his own cell with his own shower and a little camping stove to cook food. T

On December 24, 2003, Parmalat S.p.A. filed for bankruptcy protection with a court in Parma, Italy, the largest bankruptcy in European history.

 

For years, Parmalat hid its losses, overstated its assets, recorded non-existent assets, understated its debt and diverted cash to Tanzi family members. The firm created over 260 foreign entities such as Bonlat, its Cayman Islands subsidiary to dump its non-performing and fictitious assets and to hide its debts. Interestingly, much of the fraud went undetected for as long as 13 years.

Parmalat’s business interests were far-flung, extending into travel and sports businesses and well beyond the areas of competence of its founder and his family.

Parmalat was a publicly held Milan Stock Exchange listed firm with ADRs traded in the U.S. How could such a large international firm, with such a large following of investors and analysts be so deceptive in such a large way? When the scandal broke, Parmalat had a governance structure that was practically a recipe for a corporate meltdown. First, consider that Parmalat was Tanzi family-dominated, with Calisto Tanzi serving for many years as C.E.O. until he resigned when the scandal broke, Tanzi, his family and affiliate firms controlled the major blocks of votes in Parmalat. Tanzi founded the firm and used it and its outside suppliers of capital to build himself an empire for himself and his family. At the time of the firm’s collapse, Tanzi served on Parmalat’s Board of Directors, as did his son Stefano who also served as the president of the 5Parmalat-owned Parma Calcio football team. The Board also included Tanzi’s brother Giovanni and his niece Paola Visconti. Other board members included the company’s CFO Fausto Tonna, who was deeply involved in the fraud and three other firm managers, Luciano Del Soldato, Alberto Ferraris and Francesco Giuffredi, all hired by Tanzi. The outside directors were Tanzi’s attorney and two of Tanzi’s close friends. Tanzi’s daughter Francesca apparently ran Parmatours, one of the family tourism businesses, another of Parmalat’s major money-losers that owned Club Vacanze with its nine beach and four Alps resorts. She denied running the firm after her arrest.


Tanzi clearly was the driving force exercising almost complete control over the company, inserting his own people in every position of power and in positions to oversee those who held power. For example, CFO Tonna, who confessed that he had forged Band of America documents for the €3.95 billion account using a scanner, scissors and glue, was also a member of the Parmalat board three-member audit committee. That is, Tonna was appointed to a position with responsibility to oversee his own operations and to ensure that he did not steal from or mislead the company’s investors. He was, in effect, his own monitor.


A number of high profile cases of governance failure led to executives being accused of activities such as stealing, improperly diverting funds and lying to investors to receive more money. In one such case, L. Dennis Kozlowski, former CEO of Tyco International and his CFO


Mark H. Swartz was accused of stealing $150 million from their employer by secretly forgiving loans that they received. They were also accused of misappropriating millions more through other improper means and selling stock after lying about the company’s condition. Kozlowski’s case attracted substantial attention due to his lavish spending, apparently including around $11m of the company’s money on furnishing his Fifth Avenue apartment, including a $6,000 gold threaded shower curtain, a $4,000 tablecloth and a $515 toaster. He was also said to have thrown a $2m birthday party for his wife in Italy with company money. When questioned by his criminal prosecutor, Ann Donnelly during his criminal trial about compensation that was omitted on his 1999 IRS Form W-2, he testified that he did not notice that $25 million was missing. This omission had if not been discovered, might have saved him $17.5 million on his income taxes.


Comment may be sent at: premendraagrawal@gmail.com


Dishonoring Supreme Court in Gujarat Election Campaign and in defending Vadra

The Supreme Court on Oct 9, 2012 expressed its displeasure over the comments reportedly made by Union Law Minister Salman Khurshid that putting businessmen behind bars would affect foreign investment in the country.

Did Khurshid say in the defense of  Jagan Mohan, son of the Congress Chief Minister of Andhra or the national son in law Roberet Vadra?

 

On October 10, The Indian Express quoted Mr. Khurshid as saying: “What will affect the functioning of the government is if other institutions do not understand the kind of political economy we are faced with today: what is needed to encourage growth and investment? If you lock up top businessmen, will investment come?” 

Is this not dishonoring of Supreme Court?

 

Now today Oct 20, 2012 news is: Gujarat Congress asked the state electoral officer to train guns on the BJP rather than on traders over unaccounted money. Talking to reporters, Gujarat Pradesh Congress chief Arjun Modhwadia said the State Electoral Officer and his team were harassing traders. “The officer should in fact investigate the dealings of BJP and its ‘dhan sangrah’, where the party and chief minister Narendra Modi illegally extorted money.” 

Is statement of Gujarat Congress for only BJP Narendra Modi  or for Sonia Gandhi and her son-in-law Robert Vadra also?

 

Both news are unconstitutional and should be treated as the dishonor of Supreme Court. After Sonia Gandhi’s call Congress leaders and the ministers of the government making competition in showing loyalty towards the Sonia Gandhi by coming into the defense of Robert Vadra whose business transaction are the example of Kleptocracy. 

Comment be sent at: premendraagrawal@gmail.com