Andrew Mitchell, international development secretary, told the Financial Times that British aid would remain flat at £280m a year until 2015
"They do have a space programme, but on the other hand there are more poor people in India than in the whole of sub-Saharan Africa and the average income of an Indian citizen is only one third of that of a Chinese person," International Development Secretary Andrew Mitchell told the BBC.
It was reported that bulk of aid will be given to three poor states: Bihar, Madhya Pradesh and Orissa.
Madhya Pradesh, a central state with 69million people and known as the Heart of India, is already receiving £103million from Britain for a health programme.
Another interesting fact is that while India is getting aid UK is ending aid to poor nations like Cambodia and Moldova, Serbia.
To whom England is making rich?
Does your pounds reach to poor Indians?
Does Indians real poor Indians know that you are sending aid for them?
Do you have audited money which you have donated in the Past?
As an Indian I will say we need the money, But we do not get the benefits of your pounds which you send us to Indians in aid.
Few Indians think that India is shining and India is going to become super power I do not think so.
Reality is India is not super power, may be few Indians became very rich, but every one knows in India how the honesty ends up in poverty.
British Government is cutting aid for their own people, British Citizens and how can then British Government pay or donate money to other nations?
If British Politicians really want to help India, then I will request you please build the schools and collages in India.
Build old homes and food storage facilities in India.
Build wind power projects or solar power projects in India.
Do not give us Cash, because Indian Poor People never get the cash or never enjoy the benefits of Aid.
Do the constructive work in India, Using British Embassy which is in India.
Few people will say that Britain looted India so they must return money.
Sorry I do not think so, before British People others looted us,
It was our weakness that we allowed them to loot us.
It was our weakness that they ruled us for more than 200 years.
Learn the History of India properly and you will understand how much money our own Indians looted from India.
Every rich nation should help the poor nation, but it is the duty of Rich nation to see that
The funds and aid which they are giving to poor nation was spent properly on needy poor.
If rich nation does not do the audits then it is possible that poor people will never get the
Benefits of your aid money.
Never ever help any nation in form of Cash, if really you want to help any poor nation, build the schools, collages, and build roads, hospitals.
Otherwise your money is wasted.
Build the India so powerful that in future No other nation can rule us and loot us.
But sad part is that currently our own people are looting us and we are unable to stop them.
We are not able to stop the corruption in India.
I will only say in Democracy you can stop government from spending or donating money then cause may be good or bad better is demand audit of that money, and see that really the aid reaches to poor people of that nation which receives the aid.
Friday, February 18, 2011
Thursday, February 17, 2011
New York Mayors against Illegal Guns – Start New Campaign know the details of Gun Control and plan of Mayors against Illegal guns
Mayors against Illegal Guns is a bi-partisan coalition of 550 American mayors,
co-founded by Mayor Michael Bloomberg of New York and Mayor Tom Menino of Boston.
Mayors Against Illegal Guns co-chair and New York City Mayor Michael R. Bloomberg today launched the FixGunChecks.org Truck Tour in New York City's Times Square.
The FixGunChecks.org truck features a mobile billboard that will travel the country for two months to draw public attention to the deadly problems in the nation's gun background check system.
The truck features a clock that will toll the tragic count of Americans that have been murdered with guns since the Tucson shooting.
Thirty-four people are murdered with guns every day in the United States.
The truck tour is part of an online campaign, www.fixgunchecks.org that urges Congress to take two simple but critical steps to fix the broken background check system:
1) ensure that the names of all people prohibited from buying a gun are in the database;
2) subject every gun sale to a background check. Since the campaign launched in January, more than 250,000 people have signed an online petition and urged the President and Congress to fix the system.
A PLAN to PREVENT FUTURE TRAGEDIES –
In 1968, assassins gunned down Martin Luther King, Jr. and Robert F. Kennedy.
In the wake of that double tragedy, Congress passed the first federal laws to limit access to guns, by prohibiting dangerous people, like felons, drug abusers, and the mentally ill from purchasing or possessing guns.
In 1993, Congress passed the Brady Bill, named for President Reagan’s press secretary James Brady, who had been critically wounded in the assassination attempt on President Reagan.
The Brady Bill created a system of background checks that helped to make real the purpose of the 1968 law.
Unfortunately, incomplete records and loopholes in the law have stopped background checks from doing their job:
The Columbine killers got around the system by using guns bought at a gun show from an
unlicensed seller: no paperwork, no questions asked.
• At Virginia Tech, a killer got a gun he should have been prohibited from buying because his records were never reported to the FBI’s gun background check system.
• The shooter in Tucson also got a gun he should have been prohibited from buying because
his records weren’t in the database – and then got a second gun because lax federal regulations frustrated the intent of the law.
Most murders that take place with illegal guns do not make the headlines.
Every day, 34 Americans are murdered with guns, and most of them are possessed illegally. Since, 1968, more than 400,000 Americans have been killed with guns.
The system needs to be fixed. Creating a comprehensive system to keep guns out of the hands of dangerous people requires two steps:
Step one: Get all the names of people who should be prohibited from buying a gun into the background check system.
Step two: Close the loopholes in the background check system by requiring a background check for every gun sale.
STEP ONE: GET ALL THE NAMES OF PEOPLE WHO SHOULD BE PROHIBITED FROM BUYING A GUN INTO THE BACKGROUND CHECK SYSTEM.
Context: NICS, the National Instant Criminal Background Check System, which is used to conduct background checks on prospective gun buyers, is missing millions of records.
Federal law requires records concerning the mentally ill, drug abusers, perpetrators of domestic violence, and other people who are forbidden, under current state and federal law, from having guns to be included in the system.
The problem of missing records became obvious in 2007, when Seung Hui Cho, who was
prohibited from owning a gun due to mental illness, was not listed in the background check system and was therefore able to buy two guns to commit the Virginia Tech massacre.
Congress responded by passing the NICS Improvement Amendments Act, which encourages states to share records.
As a result, the number of records in NICS’ Mental Defective File increased significantly under the new law, from nearly 300,000 in 2006 to more than 1.1 million today.
The murders in Tucson, however, show that problems persist.
The shooter, Jared Loughner, was able to buy a shotgun less than a year after admitting to the U.S. Army that he was a regular drug abuser because the armed forces had not forwarded his name to NICS.
Today, there are just over 2,000 people listed as drug abusers in NICS.
Revised legislation would strengthen the NICS system in six ways:
Funding: Fully fund the NICS Improvement Amendments Act to help agencies and states cover the costs of gathering records and making them electronically available to the FBI.
The legislation, enacted in 2008, is failing to achieve its goals in part because Congress has
supplied only 5.3% of the authorized amount from Fiscal Year 2009 through Fiscal Year 2011.
That money was supposed to be available to states to help cover the cost of gathering and
supplying records.
The revised law would guarantee full funding to states and federal agencies to comply with reporting requirements to the NICS database.
Penalties: Establish tougher penalties for states that do not comply with the law by cutting more of their Justice Department funding.
The NICS Improvement Amendments Act establishes only minor penalties for non-compliance. It sets out a timeline, and in each year starting in Fiscal Year 2011 states are required to turn over a target percentage of the records they have naming people who should not be allowed to buy guns under federal law.
If they do not comply, they could face cuts to a portion of their federal
justice assistance funding.
The potential cuts are small, however: only 3% to 5% of a single grant
(Byrne Justice Assistance Grants or JAG), which provides about $300 million a year nationwide to states. Furthermore, DOJ has almost total discretion to reduce or waive them.
Revised legislation would put in place tighter deadlines and stricter penalties for states to comply with the law and submit records. States would be required to turn over 75% of their records within two years of enactment and 90% of their records within six years or they would face cuts not only to JAG grants, but also to other Justice Department programs that normally guarantee a share to each state, such as the State Criminal Alien Assistance Program (SCAAP, $249 million a year); Title II grants for juvenile justice ($60 million a year); Juvenile Accountability Block Grants (JABG, $46 million a year), and Enforcing Underage Drinking Laws Block Grants ($20 million a year).
Furthermore, these penalties would rise to 50% of each grant.
Why it matters:
Across the country, the total potential penalties that face all states combined under the current NICS Improvement Amendments Act are only about $15 million.Federal reporting: Require every federal agency to certify to the Attorney General twice a year that all relevant records have been submitted.
Under the NICS Improvement Amendments Act, each Federal agency must provide to DOJ, at least quarterly, the name of any person it is aware is federally prohibited from buying guns. Current law does not, however, hold any person accountable for guaranteeing an agency’s compliance.
And federal agencies are not following the law. For example, only three agencies have sent any records on drug abusers to the FBI.
Revised legislation would hold agencies accountable for quarterly reporting by requiring the
head of each agency to report to the Attorney General, twice a year, about the number of records it has shared in each category of prohibited person.
Each report would include the agency head’s written certification that all relevant records have been transmitted.
Why it matters:
Even though Jared Loughner admitted to the U.S. Army that he regularly
abused drugs, the Army did not submit his name to the FBI for inclusion in NICS as required by law, and less than a year later, Loughner was able to pass a background check and buy a shotgun. Later, Loughner bought the Glock he used to kill six people and injure 13 others.
Mental health definitions: Clarify the definition of mentally ill people who are prohibited from having guns to ensure that dangerous people are included in NICS.
Two critical changes are needed to ensure that people who are mentally ill are listed in NICS.
First, the system should include people who have been suspended or expelled from a federally funded college or university because of mental illness. Second, it should include people who are compelled by a court to take medication for mental illness or to get other mental health care, even if they are not “committed” to in-patient treatment, as the ATF currently interprets the law.
Why it matters:
Jared Loughner was deemed too mentally ill to come to school without a note from a mental health professional, but safe enough to buy a gun.
Drug abuse definitions: Clarify the definition of drug abusers who are prohibited from having guns to ensure that dangerous people are included in NICS.
Since 1968, federal law has prohibited anyone “who is an unlawful user of or addicted to any controlled substance” from possessing any gun.
The revised law would do two things to enforce that prohibition.
First, it would reverse the overly narrow interpretation that ATF and the FBI now
give to the law.
They interpret it to apply only to people who have had a drug-related arrest, a
drug-related conviction, a failed drug test, or an admission of drug use within the previous year.
The revised law would change that one-year prohibition to a five-year prohibition. Second, the revised law would require federal courts to report to NICS anyone sentenced to mandatory drug treatment even if the requirement was part of a diversionary program that does not result in conviction.
Due process: Safeguard the rights of people who are listed in NICS.
The revised legislation would continue to ensure that individuals who were wrongly included in
NICS as a prohibited purchaser are able to seek relief and be removed from the list of prohibited gun purchasers.
For example, those who were arrested on a drug charge within the past five years but can show they have recovered from their addiction would be able to regain their gun rights. So would people who had been mentally ill but have recovered and no longer present a risk
STEP TWO: CLOSE THE LOOPHOLES IN THE BACKGROUND CHECK SYSTEM BY REQUIRING
A BACKGROUND CHECK FOR EVERY GUN SALE.
Context: Even if the NICS database included the name of every person prohibited from having a gun under federal or state law, it would still be easy and legal to obtain guns with no background check, no questions asked. That is because the current law only applies to gun sales by federally licensed dealers.
Under current federal law, only persons “engaged in the business” of selling guns are required to get a license, keep paperwork, and conduct background checks.
People who maintain they are collectors or only occasionally sell guns are not required to do these checks. Such sellers often congregate at gun shows, which is why many refer to this exception as the “gun show loophole.” But felons can exploit the loophole whether they are at a gun show or not – buying guns with no background checks at unlicensed sellers’ homes, via classified ads, or even in some cases on the internet.
Experts estimate that over six million guns a year – perhaps 40% of all sales – are made by unlicensed private dealers not subject to the law.
Background checks:
The new law would require that non-licensed people selling guns ensure that the buyer has undergone a background check in NICS.
Sellers would be able to do so in three ways. First, the seller can go to a licensed dealer to have a background check run on the buyer.
The revised law would cap the fee for conducting these background checks on behalf of private sellers at $15.
Second, the seller can inspect a permit issued to the buyer by a state or local government that confirms they have passed a background check within the previous five years.
Third, the seller can go to or contact a law enforcement official for the background check at the time of purchase.
Why it matters:
ATF has reported that over 27% of the guns involved in its criminal trafficking investigations were tied to trafficking by unlicensed sellers, and over 30% were tied to traf-ficking at gun shows.
Reasonable exceptions:
Similar to the Brady Law, revised legislation would exempt certain gun permittees and some types of transactions from background checks:
• Sales to a federally licensed dealer, manufacturer or wholesaler (including sales of curio
or relic firearms to a licensed collector);
• Sales to law enforcement;
• Transfers of guns to an immediate family member, grandchild, or grandparent;
• Inheritance of guns; and
• Sharing guns while hunting, at a shooting range, or at a competition
co-founded by Mayor Michael Bloomberg of New York and Mayor Tom Menino of Boston.
Mayors Against Illegal Guns co-chair and New York City Mayor Michael R. Bloomberg today launched the FixGunChecks.org Truck Tour in New York City's Times Square.
The FixGunChecks.org truck features a mobile billboard that will travel the country for two months to draw public attention to the deadly problems in the nation's gun background check system.
The truck features a clock that will toll the tragic count of Americans that have been murdered with guns since the Tucson shooting.
Thirty-four people are murdered with guns every day in the United States.
The truck tour is part of an online campaign, www.fixgunchecks.org that urges Congress to take two simple but critical steps to fix the broken background check system:
1) ensure that the names of all people prohibited from buying a gun are in the database;
2) subject every gun sale to a background check. Since the campaign launched in January, more than 250,000 people have signed an online petition and urged the President and Congress to fix the system.
A PLAN to PREVENT FUTURE TRAGEDIES –
In 1968, assassins gunned down Martin Luther King, Jr. and Robert F. Kennedy.
In the wake of that double tragedy, Congress passed the first federal laws to limit access to guns, by prohibiting dangerous people, like felons, drug abusers, and the mentally ill from purchasing or possessing guns.
In 1993, Congress passed the Brady Bill, named for President Reagan’s press secretary James Brady, who had been critically wounded in the assassination attempt on President Reagan.
The Brady Bill created a system of background checks that helped to make real the purpose of the 1968 law.
Unfortunately, incomplete records and loopholes in the law have stopped background checks from doing their job:
The Columbine killers got around the system by using guns bought at a gun show from an
unlicensed seller: no paperwork, no questions asked.
• At Virginia Tech, a killer got a gun he should have been prohibited from buying because his records were never reported to the FBI’s gun background check system.
• The shooter in Tucson also got a gun he should have been prohibited from buying because
his records weren’t in the database – and then got a second gun because lax federal regulations frustrated the intent of the law.
Most murders that take place with illegal guns do not make the headlines.
Every day, 34 Americans are murdered with guns, and most of them are possessed illegally. Since, 1968, more than 400,000 Americans have been killed with guns.
The system needs to be fixed. Creating a comprehensive system to keep guns out of the hands of dangerous people requires two steps:
Step one: Get all the names of people who should be prohibited from buying a gun into the background check system.
Step two: Close the loopholes in the background check system by requiring a background check for every gun sale.
STEP ONE: GET ALL THE NAMES OF PEOPLE WHO SHOULD BE PROHIBITED FROM BUYING A GUN INTO THE BACKGROUND CHECK SYSTEM.
Context: NICS, the National Instant Criminal Background Check System, which is used to conduct background checks on prospective gun buyers, is missing millions of records.
Federal law requires records concerning the mentally ill, drug abusers, perpetrators of domestic violence, and other people who are forbidden, under current state and federal law, from having guns to be included in the system.
The problem of missing records became obvious in 2007, when Seung Hui Cho, who was
prohibited from owning a gun due to mental illness, was not listed in the background check system and was therefore able to buy two guns to commit the Virginia Tech massacre.
Congress responded by passing the NICS Improvement Amendments Act, which encourages states to share records.
As a result, the number of records in NICS’ Mental Defective File increased significantly under the new law, from nearly 300,000 in 2006 to more than 1.1 million today.
The murders in Tucson, however, show that problems persist.
The shooter, Jared Loughner, was able to buy a shotgun less than a year after admitting to the U.S. Army that he was a regular drug abuser because the armed forces had not forwarded his name to NICS.
Today, there are just over 2,000 people listed as drug abusers in NICS.
Revised legislation would strengthen the NICS system in six ways:
Funding: Fully fund the NICS Improvement Amendments Act to help agencies and states cover the costs of gathering records and making them electronically available to the FBI.
The legislation, enacted in 2008, is failing to achieve its goals in part because Congress has
supplied only 5.3% of the authorized amount from Fiscal Year 2009 through Fiscal Year 2011.
That money was supposed to be available to states to help cover the cost of gathering and
supplying records.
The revised law would guarantee full funding to states and federal agencies to comply with reporting requirements to the NICS database.
Penalties: Establish tougher penalties for states that do not comply with the law by cutting more of their Justice Department funding.
The NICS Improvement Amendments Act establishes only minor penalties for non-compliance. It sets out a timeline, and in each year starting in Fiscal Year 2011 states are required to turn over a target percentage of the records they have naming people who should not be allowed to buy guns under federal law.
If they do not comply, they could face cuts to a portion of their federal
justice assistance funding.
The potential cuts are small, however: only 3% to 5% of a single grant
(Byrne Justice Assistance Grants or JAG), which provides about $300 million a year nationwide to states. Furthermore, DOJ has almost total discretion to reduce or waive them.
Revised legislation would put in place tighter deadlines and stricter penalties for states to comply with the law and submit records. States would be required to turn over 75% of their records within two years of enactment and 90% of their records within six years or they would face cuts not only to JAG grants, but also to other Justice Department programs that normally guarantee a share to each state, such as the State Criminal Alien Assistance Program (SCAAP, $249 million a year); Title II grants for juvenile justice ($60 million a year); Juvenile Accountability Block Grants (JABG, $46 million a year), and Enforcing Underage Drinking Laws Block Grants ($20 million a year).
Furthermore, these penalties would rise to 50% of each grant.
Why it matters:
Across the country, the total potential penalties that face all states combined under the current NICS Improvement Amendments Act are only about $15 million.Federal reporting: Require every federal agency to certify to the Attorney General twice a year that all relevant records have been submitted.
Under the NICS Improvement Amendments Act, each Federal agency must provide to DOJ, at least quarterly, the name of any person it is aware is federally prohibited from buying guns. Current law does not, however, hold any person accountable for guaranteeing an agency’s compliance.
And federal agencies are not following the law. For example, only three agencies have sent any records on drug abusers to the FBI.
Revised legislation would hold agencies accountable for quarterly reporting by requiring the
head of each agency to report to the Attorney General, twice a year, about the number of records it has shared in each category of prohibited person.
Each report would include the agency head’s written certification that all relevant records have been transmitted.
Why it matters:
Even though Jared Loughner admitted to the U.S. Army that he regularly
abused drugs, the Army did not submit his name to the FBI for inclusion in NICS as required by law, and less than a year later, Loughner was able to pass a background check and buy a shotgun. Later, Loughner bought the Glock he used to kill six people and injure 13 others.
Mental health definitions: Clarify the definition of mentally ill people who are prohibited from having guns to ensure that dangerous people are included in NICS.
Two critical changes are needed to ensure that people who are mentally ill are listed in NICS.
First, the system should include people who have been suspended or expelled from a federally funded college or university because of mental illness. Second, it should include people who are compelled by a court to take medication for mental illness or to get other mental health care, even if they are not “committed” to in-patient treatment, as the ATF currently interprets the law.
Why it matters:
Jared Loughner was deemed too mentally ill to come to school without a note from a mental health professional, but safe enough to buy a gun.
Drug abuse definitions: Clarify the definition of drug abusers who are prohibited from having guns to ensure that dangerous people are included in NICS.
Since 1968, federal law has prohibited anyone “who is an unlawful user of or addicted to any controlled substance” from possessing any gun.
The revised law would do two things to enforce that prohibition.
First, it would reverse the overly narrow interpretation that ATF and the FBI now
give to the law.
They interpret it to apply only to people who have had a drug-related arrest, a
drug-related conviction, a failed drug test, or an admission of drug use within the previous year.
The revised law would change that one-year prohibition to a five-year prohibition. Second, the revised law would require federal courts to report to NICS anyone sentenced to mandatory drug treatment even if the requirement was part of a diversionary program that does not result in conviction.
Due process: Safeguard the rights of people who are listed in NICS.
The revised legislation would continue to ensure that individuals who were wrongly included in
NICS as a prohibited purchaser are able to seek relief and be removed from the list of prohibited gun purchasers.
For example, those who were arrested on a drug charge within the past five years but can show they have recovered from their addiction would be able to regain their gun rights. So would people who had been mentally ill but have recovered and no longer present a risk
STEP TWO: CLOSE THE LOOPHOLES IN THE BACKGROUND CHECK SYSTEM BY REQUIRING
A BACKGROUND CHECK FOR EVERY GUN SALE.
Context: Even if the NICS database included the name of every person prohibited from having a gun under federal or state law, it would still be easy and legal to obtain guns with no background check, no questions asked. That is because the current law only applies to gun sales by federally licensed dealers.
Under current federal law, only persons “engaged in the business” of selling guns are required to get a license, keep paperwork, and conduct background checks.
People who maintain they are collectors or only occasionally sell guns are not required to do these checks. Such sellers often congregate at gun shows, which is why many refer to this exception as the “gun show loophole.” But felons can exploit the loophole whether they are at a gun show or not – buying guns with no background checks at unlicensed sellers’ homes, via classified ads, or even in some cases on the internet.
Experts estimate that over six million guns a year – perhaps 40% of all sales – are made by unlicensed private dealers not subject to the law.
Background checks:
The new law would require that non-licensed people selling guns ensure that the buyer has undergone a background check in NICS.
Sellers would be able to do so in three ways. First, the seller can go to a licensed dealer to have a background check run on the buyer.
The revised law would cap the fee for conducting these background checks on behalf of private sellers at $15.
Second, the seller can inspect a permit issued to the buyer by a state or local government that confirms they have passed a background check within the previous five years.
Third, the seller can go to or contact a law enforcement official for the background check at the time of purchase.
Why it matters:
ATF has reported that over 27% of the guns involved in its criminal trafficking investigations were tied to trafficking by unlicensed sellers, and over 30% were tied to traf-ficking at gun shows.
Reasonable exceptions:
Similar to the Brady Law, revised legislation would exempt certain gun permittees and some types of transactions from background checks:
• Sales to a federally licensed dealer, manufacturer or wholesaler (including sales of curio
or relic firearms to a licensed collector);
• Sales to law enforcement;
• Transfers of guns to an immediate family member, grandchild, or grandparent;
• Inheritance of guns; and
• Sharing guns while hunting, at a shooting range, or at a competition
Liechtenstein Black Money Trail and Lilavati Hospital, Mehta Brothers connection – CNN IBN expose
Few weeks back media exposed, brought before India the 16 names of people who kept their black money in tax heaven nation Liechtenstenin, LGT banks.
The Mehta brothers, along with their sons, Chetan and Bhavin are trustees of Mumbai's famous Lilavati Hospital.
When the list was out CNN IBN carried our their own investigation and they found that
Over the last nine years, they have siphoned hundreds of crores of money out of the hospital into foreign accounts via the hawala route.
Between 2002-2010, nearly Rs 500 crore was spent to buy medicines and pharmaceuticals but in reality Rs 250 crore was diverted via hawala in banks accounts in several tax havens.
And between 2002 and 2010, nearly Rs 125 crore was spent to buy medical instruments, and of that, nearly Rs 50 crore was diverted in foreign accounts.
CNN-IBN has found out Mehta brothers use to launder money are in six key foreign bank accounts –
1. HSBC Private Bank in Bahamas
2. HSBC Private Bank in Mauritius
3. HSBC Private Bank in Singapore
4. ABN-AMRO Private Bank in Geneva
5. Credit Suisse in Dubai
6. UBS in Dubai.
A close scrutiny of the official list of the medical suppliers to the Lilavati Hospital revealed that since 2002, the hospital has not been buying medicines directly from any manufacturers or even distributors.
Without any tenders or requisite approvals from the board, Lilavati sources their medicine from 400 small individual medical stores and out of those, 250 are located in the slums of Dharavi.
And in the balance sheets of Lilalavati since 2005, Rs 35 crore is outstanding to Mayfair Realtors & Vesta Ltd, the firm which was contracted to deliver machinery to Lilavati.
But till 2011, the firm has not even delivered a screwdriver to the hospital.
Mayfair Realtors & Vesta Ltd is owned by Suresh Motwane, a declared absconder wanted in 40 cases of fraud and cheating by Mumbai police.
Prabodh, Rashmi, Chetan and Bhavin have also used crores of trust's money to fund their personal legal battles.
The CNN-IBN investigation has found that their foreign accounts are not just simple instruments of tax evasion, but of large scale money laundering.
Kirtilal Mehta started the Lilavati Hospital.
In 1932 he started Gembel European Sales in Belgium. More specifically, the city of Antwerp, the diamond capital of Europe.
In 1970 Kirtilal Mehta handed over the global diamond trading company to his sons - Prabodh Kirtilal Mehta and Rashmi Kirtilal Mehta.
The company Gembel buys rough stones and then works in partnership with jewellery designers and manufacturers to produce exquisite polished pieces for high-net-worth consumers.
In 2007, Gembel European Sales and it's main owner Prabodh Mehta was convicted of money laundering, fraud and forgery in diamond business in Belgium.
According to court documents available with CNN-IBN, they were implicated in laundering 26 million Euro, nearly Rs 170 crore.
Prabodh was sentenced to 6 months imprisonment and 3-year probation.
And Prabodh's son Chetan was convicted in Israel for the charges of trying to bribe government officials.
After this also by breaking all the rules of Reserve Bank of India, RBI they became shareholders and directors in ING Vysasa Bank and ING Investment Management.
ING investment Management manages more than Rs 50,000 crore of public money.
Kirti Equities Private Limited is the third largest shareholder of ING Investment Managament (India) Limited with a 14.34 per cent stake.
CNN IBN investigation found that Kirti Equities Private Limited is registered in the Mumbai residence of Rashmi Kirtilal Mehta.
But it is held by Kirti Communication, a company owned by the Mehta brothers and their sons in Les Cascades in Port Louis, the capital of the tax haven of Mauritius.
CNN IBN also found that Vijay Choraria was the common link between the Mehta brothers. He is a Director of Kirti Equities and a trustee at Lilavati hospital nominated by Prabodh and Rashmi Mehta.
De-Five (Mauritius) Holdings Ltd, which till 2010 held nearly 3 per cent in IndusInd Bank, it is suspected that De-Five (Mauritius) Holdings Ltd is owned by the four Mehtas.
Now we have to think on following questions?
why the Government, when knew them as having illegal funds and being convicted money launderers, did not write to agencies to check their various investments in India, source of funds and ask for further investigation.
Why did the Government not tell SEBI, banks and RBI to remove them from their shareholding and investments in ING Vysya and IndusInd, and stop them from managing public funds and jeopardizing the banking industry?
Very Interesting fact CNN IBN found that Gembel European Sales in Belgium
the flagship company of Prabodh Kirtilal Mehta, Rashmi Kirtilal Mehta and their sons - Chetan and Bhavin - yet, these balance sheets of Gembel shows that the company made an overall profit of just Rs 2.5 crore over the past eight years, from 2001 to 2009.
According to the 2002-2005 balance sheets of Gembel, the company made net loss of 1.9 million Euro or Rs 12 crore.
In 2006, the company made a net profit of $300,000, but in 2007, it suffered a net loss of $600,000.
Gembel was not making big profits but still Mehtas register a company in Singapore - Arpee Gems Private Limited, with a capital infusion of $18 million that is nearly Rs 90 crore.
So who were the shareholders of the company –?
While B&C Manufacturing (Mauritius) is a shareholder in Arpee Gems, Burmaruby (Mauritius) is a shareholder in Arpee Gems.
On the other hand HSBS Trustees Limited is a shareholder in Arpee Gems (Singapore) along with Bhavin and Chetan.
Arpee Gems from Singapore pumps money into a Mumbai-based company Adesh International.
Balance sheet of Adesh International also revealed unsecured loans from Gembel Mauritius every year.
The trick was very simple Lets Understand how the black money moved from one to another company.
Step One –
Laundered Money funds were brought into Adesh International as capital
Thus black money became white.
Step Two –
Adesh then bought bogus bills in Indian market to purchase stock of diamonds and then exports diamonds to bogus parties overseas.
Step Three –
The bogus parties, which have tainted fund, sent them to India against the export, thus making the funds legitimate.
Step 4 –
Adesh then apparently paid money to the party from whom it brought the bogus bill in the first place as it has an outstanding against that bill.
Still you did not understand,
Let me make more simple,
Black money comes to A –
It became white.
Then fake bills created, fake sale was shown
Thus again the foreign party paid the money,
Without any real transaction,
Thus foreign party sends money and A make it legal.
Like this simple happens.
The Mehta brothers, along with their sons, Chetan and Bhavin are trustees of Mumbai's famous Lilavati Hospital.
When the list was out CNN IBN carried our their own investigation and they found that
Over the last nine years, they have siphoned hundreds of crores of money out of the hospital into foreign accounts via the hawala route.
Between 2002-2010, nearly Rs 500 crore was spent to buy medicines and pharmaceuticals but in reality Rs 250 crore was diverted via hawala in banks accounts in several tax havens.
And between 2002 and 2010, nearly Rs 125 crore was spent to buy medical instruments, and of that, nearly Rs 50 crore was diverted in foreign accounts.
CNN-IBN has found out Mehta brothers use to launder money are in six key foreign bank accounts –
1. HSBC Private Bank in Bahamas
2. HSBC Private Bank in Mauritius
3. HSBC Private Bank in Singapore
4. ABN-AMRO Private Bank in Geneva
5. Credit Suisse in Dubai
6. UBS in Dubai.
A close scrutiny of the official list of the medical suppliers to the Lilavati Hospital revealed that since 2002, the hospital has not been buying medicines directly from any manufacturers or even distributors.
Without any tenders or requisite approvals from the board, Lilavati sources their medicine from 400 small individual medical stores and out of those, 250 are located in the slums of Dharavi.
And in the balance sheets of Lilalavati since 2005, Rs 35 crore is outstanding to Mayfair Realtors & Vesta Ltd, the firm which was contracted to deliver machinery to Lilavati.
But till 2011, the firm has not even delivered a screwdriver to the hospital.
Mayfair Realtors & Vesta Ltd is owned by Suresh Motwane, a declared absconder wanted in 40 cases of fraud and cheating by Mumbai police.
Prabodh, Rashmi, Chetan and Bhavin have also used crores of trust's money to fund their personal legal battles.
The CNN-IBN investigation has found that their foreign accounts are not just simple instruments of tax evasion, but of large scale money laundering.
Kirtilal Mehta started the Lilavati Hospital.
In 1932 he started Gembel European Sales in Belgium. More specifically, the city of Antwerp, the diamond capital of Europe.
In 1970 Kirtilal Mehta handed over the global diamond trading company to his sons - Prabodh Kirtilal Mehta and Rashmi Kirtilal Mehta.
The company Gembel buys rough stones and then works in partnership with jewellery designers and manufacturers to produce exquisite polished pieces for high-net-worth consumers.
In 2007, Gembel European Sales and it's main owner Prabodh Mehta was convicted of money laundering, fraud and forgery in diamond business in Belgium.
According to court documents available with CNN-IBN, they were implicated in laundering 26 million Euro, nearly Rs 170 crore.
Prabodh was sentenced to 6 months imprisonment and 3-year probation.
And Prabodh's son Chetan was convicted in Israel for the charges of trying to bribe government officials.
After this also by breaking all the rules of Reserve Bank of India, RBI they became shareholders and directors in ING Vysasa Bank and ING Investment Management.
ING investment Management manages more than Rs 50,000 crore of public money.
Kirti Equities Private Limited is the third largest shareholder of ING Investment Managament (India) Limited with a 14.34 per cent stake.
CNN IBN investigation found that Kirti Equities Private Limited is registered in the Mumbai residence of Rashmi Kirtilal Mehta.
But it is held by Kirti Communication, a company owned by the Mehta brothers and their sons in Les Cascades in Port Louis, the capital of the tax haven of Mauritius.
CNN IBN also found that Vijay Choraria was the common link between the Mehta brothers. He is a Director of Kirti Equities and a trustee at Lilavati hospital nominated by Prabodh and Rashmi Mehta.
De-Five (Mauritius) Holdings Ltd, which till 2010 held nearly 3 per cent in IndusInd Bank, it is suspected that De-Five (Mauritius) Holdings Ltd is owned by the four Mehtas.
Now we have to think on following questions?
why the Government, when knew them as having illegal funds and being convicted money launderers, did not write to agencies to check their various investments in India, source of funds and ask for further investigation.
Why did the Government not tell SEBI, banks and RBI to remove them from their shareholding and investments in ING Vysya and IndusInd, and stop them from managing public funds and jeopardizing the banking industry?
Very Interesting fact CNN IBN found that Gembel European Sales in Belgium
the flagship company of Prabodh Kirtilal Mehta, Rashmi Kirtilal Mehta and their sons - Chetan and Bhavin - yet, these balance sheets of Gembel shows that the company made an overall profit of just Rs 2.5 crore over the past eight years, from 2001 to 2009.
According to the 2002-2005 balance sheets of Gembel, the company made net loss of 1.9 million Euro or Rs 12 crore.
In 2006, the company made a net profit of $300,000, but in 2007, it suffered a net loss of $600,000.
Gembel was not making big profits but still Mehtas register a company in Singapore - Arpee Gems Private Limited, with a capital infusion of $18 million that is nearly Rs 90 crore.
So who were the shareholders of the company –?
While B&C Manufacturing (Mauritius) is a shareholder in Arpee Gems, Burmaruby (Mauritius) is a shareholder in Arpee Gems.
On the other hand HSBS Trustees Limited is a shareholder in Arpee Gems (Singapore) along with Bhavin and Chetan.
Arpee Gems from Singapore pumps money into a Mumbai-based company Adesh International.
Balance sheet of Adesh International also revealed unsecured loans from Gembel Mauritius every year.
The trick was very simple Lets Understand how the black money moved from one to another company.
Step One –
Laundered Money funds were brought into Adesh International as capital
Thus black money became white.
Step Two –
Adesh then bought bogus bills in Indian market to purchase stock of diamonds and then exports diamonds to bogus parties overseas.
Step Three –
The bogus parties, which have tainted fund, sent them to India against the export, thus making the funds legitimate.
Step 4 –
Adesh then apparently paid money to the party from whom it brought the bogus bill in the first place as it has an outstanding against that bill.
Still you did not understand,
Let me make more simple,
Black money comes to A –
It became white.
Then fake bills created, fake sale was shown
Thus again the foreign party paid the money,
Without any real transaction,
Thus foreign party sends money and A make it legal.
Like this simple happens.
Sunday, December 5, 2010
Passionate About India: It’s totally ethical of media houses and journalis...
Passionate About India: It’s totally ethical of media houses and journalis...: "Arindam Chaudhuri argues why the Radia tapes prove nothing and why Barkha Dutt and Vir Sanghvi remain two of India’s best journalists When ..."
Subscribe to:
Comments (Atom)
