Ramanisblog

Tag: Manmohan singh

  • KGB PAID MONEY TO SONIA, RAHUL, RAJIV GANDHI.

    Sonia Gandhi, Indian politician, president of ...
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    How can one expect that Truth will come out in 2G and S Band Scam?

    What is distressing is that the BJP has failed to unearth the sordid details.

    It makes one wonder about the protestations by the opposition parties when they are not in power .

    All seem to be in cahoots.

    JPC or not, the show of inquiry will go on and nothing will come out of it.

    Story:

    The greed of Sonia Gandhi and her family has crossed all bounds of decency.

    With just three weeks to go before the Congress-led UPA government’s term ends, Ottavio Quattrocchi, the lone surviving suspect in the Bofors payoff case, no longer figures in the Central Bureau of Investigation (CBI)’s list of wanted persons.

    The 12-year Interpol Red Corner Notice (RCN) against the Italian businessman has been taken off the “Interpol Notices” section of the agency’s website.

    Bharatiya Janata Party (BJP) Tuesday said it was a “farewell gift” from the Congress-led government to a “close friend” of party president Sonia Gandhi.

    CONGRESS PARTY – SHOVING BOFORS AND “Q” CONNECTIONS UNDER THE CARPET

    THE LOOT OF INDIAN MONEY CONTINUES: AFTER THE BRITISH EAST INDIA COMPANY – ITS NOW ______

    In an article written on March 18th 2009: INDIA has $1.4 Trillion of Illegal money stashed in Swiss Banks – Time to bring it home !, I wrote in the first para: “Rajeev Gandhi’s untimely death left Sonia Gandhi extremely wealthy. The true extent of her wealth became known only when the Soviet archives were thrown open following the collapse of the Soviet Union. KGB archives revealed that as far back as 1982, when Indira Gandhi was still prime minister, Soviet trading agencies were channeling funds into a company controlled by her son and future Prime Minister Rajiv Gandhi.

    This was also brought to light by Harvard Russian scholar Yvgenia Albats in her book The State Within A State: The KGB and Its Hold on Russia. The Swiss news-magazine Schweizer Illustrierte (November 11, 1991) provided more details. Citing newly—opened KGB records, it reported that Sonia Gandhi, widow of the former Prime Minister Rajiv Gandhi, was controlling a secret account worth 2.5 billion Swiss francs (about 2 billion dollars at current exchange rates) in a Swiss bank in her minor son’s name.

    “Dr. Yevgeniya Albats is a Soviet journalist who was appointed as member of the official KGB Commission set up by President Yeltsin in 1991. She had full access to secret files of the KGB.

    PAYMENTS TO GANDHI FAMILY AUTHORIZED BY RESOLUTION IN RUSSIA:

    Dr. Albats disclosed in her book that KGB chief Victor Chebrikov in December 1985 had sought in writing from the Central Committee of the Communist Party of the Soviet Union (CPSU), ‘authorization to make payments in US dollars to the family members of Mr. Rajiv Gandhi, namely Sonia Gandhi, Rahul Gandhi and Ms Paola Maino, mother of Sonia Gandhi.’

    CPSU payments were authorized by a resolution, CPSU/CC/No 11228/3 dated December 20, 1985; and endorsed by the USSR Council of Ministers in Directive No. 2633/Rs dated December 12, 1985. These payments had been coming since 1971, as payments received by Sonia Gandhi’s family, and ‘have been audited in CPSU/CC resolution No. 11187/22 OP dated October 12, 1984.’

    How precise must one get to book the guilty? These are official KGB records.

    INDIAN ATTITUDE AT G-20: LUKEWARM TO FRENCH PROPOSAL

    The Indian delegation attending G-20 summit did not seem at all keen on supporting the French demand to make tax havens transparent and create a new global financial architecture that has more regulation.

    Prime Minister Manmohan Singh‘s reaction to the growing chorus for getting back ill-gotten wealth, squirreled in tax havens, has been quite casual. This makes it quite clear that he would not back the demands of French President, Nicholas Sarkozy, and others to regulate and tame the global financial system ahead of any coordinated stimulus.

    Indians, Swiss bank sources claimed in 2006, have more than $ 1.4 trillion squirreled in their bank vaults. This figure could reach astronomical levels if the funds of Indians in other tax havens are added up. Experts estimate that the total quantum of money that has flown out to safe vaults abroad could go beyond $ 2-3 trillion dollars. So substantial is this amount that if it returns to India then it could make a serious difference in alleviating poverty and transforming its inadequate infrastructure. More importantly, it will also bring out in the open the identity of those who perpetrated this organised loot for so many years. Most of the illegal funds are sourced from defence deals, corruption and large scale siphoning off from development programmes. If the details of the Swiss bank account holders ever come out in the open, it will be a fascinating story of how India has been pauperised by its ruling elite.

    CURIOUS CASE OF BILLIONS IN PUNE STUD FARM:CLOSE RELATIVE WITH CLOSE TIES WITH RULING PARTY !

    For more than three years now, INDIA have not been able to make much headway in tracing the $ 8 billion found in a mysterious Pune-based stud farm owner’s account in UBS, Switzerland. The money trail led to Virgin Island and to Saudi arms leader, Adnan Khashoggi, but the enforcement agencies have drawn no conclusions as one of the partners of the stud farm owner is a close relative of a big business family with close ties with the ruling party. This old business family, besides other interests, also serves as agents of some arms manufacturers. The belief is that pressure from this powerful group has prevented government to take its probe with the UBS to its logical conclusion.

    However, after UBS wilted under US pressure to release the details of their nationals that evaded tax and parked their funds with them, there has been a flicker of hope in other countries too, that such details may finally see the light of the day. Indians have not shown much urgency in following up on US government’s enterprise- due a host of reasons.

    This is election time in India and a wrong time to follow bad money. Indian elections are funded through black money and a lot of cash sitting in foreign bank accounts returns through the hawala route.

    DOMESTIC POLITICS: CONGRESS MAKES MONEY HERE TOO (and so does all other political parties too!)

    Even in domestic politics it seems the Congress Party (referred to as Palm party) has made money making an art. The article by Maloy Krishna Dhar clearly alludes to a chain of command of making money .Maloy Dhar writes: What you have given here is the darshan money ( BuA: Indian word meaning giving money to someone just to see a person). It qualifies you to be short listed and your name to be forwarded by the Pradesh party to the High Command (HC). The High Command (whosoever it might be) would be the final arbitrator. The HC is helped by A, B. C. & D (no name please).

    Once your name is forwarded, go over to Delhi with a few supporters meet A, B, C, & D with adequate lubricants. Carry trunk full of money. Do not forget to meet X Patel. He is the conscience keeper of the HC. Satisfy him with the demanded amount. The final satisfaction lay with the HC. If you have any conduit to reach the HC, spend lavishly and reach there. The entire process may cost you rupees 10 million (= Rupees one crore).

    (BuA: Mr X Patel – hmmm, who can that be – Sonia’s close confidante – AHMED PATEL??, HC = High Command a possible reference to SONIA GANDHI).

    It’s India’s money that has been looted by foreigners and corrupt middlemen and most treasonously – by the executive branch of defense department of Govt of India. For every sub-standard defense procurement, look no further than the tax havens abroad where our politicians have stashed our hard earned money for their family. I will certainly not tolerate a flight of my country’s capital by foreigners – again !

    At a time when our poor farmers are languishing in debt burden and economic crisis is hurting the average Indian – this illegal money stashed abroad is making us seethe in anger.

    Unwinding of tax havens, MANY OF THEM UNDER THE CONTROL OF THE UK GOVERNMENT, would ensure that the development funds marked for the poor in Africa, Latin America and Asia do not find their way to the safes of banks in foreign countries. After all, many of the multinational banks have been recipient of drug money and kickbacks. History would bear testimony that some of the money in these banks have origin in opium. The world would be a different place when arms dealers, mercenaries and war-mongers, drug dealers have no place to hide their cash. Surely, this would impact terror funding, covert wars and so much of misery that this unaccounted wealth heaps on the poor of the world.

    http://bengalunderattack.blogspot.com/2009/04/kgb-paid-money-to-sonia-rahul-rajiv.html

  • S Band Scam,Sibal figures,Mauritius- Connection?

    ISRO claimed that no transaction has been involved.

    No monetary gains for Devas.

    Then how come their shares are off loaded toa Foreign investor at a premium?

    And why would a German Telekom be interested in the deal?

    ISRO declared that they have the sanctions from the government right from PMO.

    Does it mean the Govt. is stupid enough to okay a deal where they have no intention of allowing the companies to profit?

    What message does it send to Business?

    Telecom minister Kapil Sibal may soon find himself in a similar tangle as his predecessor A Raja. A spectrum deal between the Indian Space Research Organisation (ISRO) and Devas Multimedia Private Ltd., which has reportedly caused an estimated loss of Rs 2 lakh crore to the exchequer, was approved by the Union Cabinet based on a note signed by Sibal, who was the then Minister of State for Science and Technology.

    ISRO had allotted 70Mhz of scarce S-band spectrum to Devas Multimedia – floated by former ISRO Scientific Advisor MG Chandrasekhar – at a dirt cheap price of Rs 1,000 crore in 2005, compared with Rs 1.06 lakh crore received after 3G spectrum auction.

    If Sibal, who is trying to rescue the government in the 2G spectrum scam, is found to have played a prominent role in the deal, it spells more trouble for the Prime Minister’s Office (PMO).

    Sibal, as a member of the Space Commission in his then capacity as Minister of State for Science and Technology, had sent a note that the deal was sealed by the Union Cabinet in 2005. Former Cabinet Secretary and the then National Security Adviser (NSA) MK Narayanan, now West Bengal Governor, and then ISRO Chairman G Madhavan Nair were other members of the commission.

    Sources said Prime Minister Manmohan Singh was briefed by Cabinet Secretary KM Chandrasekhar last year on the need to cancel the ISRO-Devas deal. The Department of Space under Singh, however, did not order the cancellation. Even the Law Ministry last year, in response to the cabinet secretary’s query, had argued that ISRO was within its rights to cancel the contract signed on its behalf by its commercial arm Antrix Corporation Ltd.

    http://www.tehelka.com/story_main48.asp?filename=Ws080211ISRO_Devas_controversy_II.asp

    Devas Multimedia, the alleged beneficiary of ISRO, causing loss of over Rs 2-lakh crore to the national exchequer, was able to raise over Rs 600 crore only as equity from various sources after it was allotted scarce S-band spectrum. ISRO is under the Department of Science and is directly in the Prime Minister’s charge.

    According to the balance sheet of the company, the total shreholder fund stood at Rs 67.5 crore as on March 31, 2007, which went up to Rs 578 crore in 2010, over eight fold jump in a short span of only three years.

    The company has shareholding from three Mauritius based companies called—Devas Mauritius, Ltd, Telecom Devas Mauritius Ltd besides Deutsche Telekom Asia Pte Ltd.

    Devas Multimedia has several directors from overseas and other shareholders and debenture holders in the company, which were given approval post facto, suggesting that certain foreign investment rules were overlooked. Above is the shareholders list, their addresses, board of directors and sources of the fund of the company as on March 31, 2010.
    The Mauritius based companies — Devas and Telecom Devas, were issued convertible cumulative preferential shares on March 16, 2006 at a huge premium of Rs 21445.82, only a few months after the company was allotted scarce spectrum.

    Since the allotment of the scarce S-band spectrum, the company has been able to raise several hundred crore and has also made investments in various mutual funds and in foreign and financial institutions. The company has also loss making US-based companies as subsidiaries.

     

    According to reports, as per its agreement with ISRO, the company is entitled to get a total of 70 Mhz of the S-band spectrum on lease for 20 years. And this is for the first time that the scarce spectrum, which ranges from 2500 to 2690 Mhz, has been given to a private sector company.

    http://www.dailypioneer.com/316243/Devas-has-Mauritius-based-shareholders%E2%80%99-investments.html

  • China flexes muscle,India watches.

    Both China and India have their own perspectives and visions about their countries.China wants to strengthes its geopolitical presence in Asia by bridging ties with Pakistan, Myanmar,South Korea,Hongkong, Malaysia,Singapore,Indonesia etc, t0  register its presence to ward off US influence.

    As China perceives India,rightly so,as US’s ally it is taking care to keep India out of balance by keeping it engaged with Pakistan,by openly supporting Pakistan as well as Myanmar;Srilanka ,playing the Tamil card(Tamils constitute a State in India).

    It is also increasing its infrastructural projects in Pakistan occupied Kashmir,Myanmar,Sri Lanka and surface transport in Tibet as well

    It is not a comforting thought to have India as a Security Council permanent member, as it perceives India to be closer to US,UK,France and Russia.

    India, on the other hand, has to tackle Pakistan , Sri Lanka Myanmar,Nepal and Bangladesh in the immediate vicinity, apart from improving relations with Indonesia, Malaysia and the countries in Asia , including Japan and S.Korea.

    Hence their visions do not match.

    I sense the status quo shall continue and it may not escalate into a skirmish-basically posturing and sparring.

    The exception to the cheery mood was the mid-December visit of Prime Minister Wen Jiabao of China. Mr. Wen did secure business deals, announce new trade goals and offer reassurances of friendly Chinese intentions. But the trip also underscored that many points of tension between the Asian giants — trade imbalances, their disputed border and the status of Kashmir — are growing worse. And the Indian foreign policy establishment, once reluctant to challenge China, is taking a harder line.

    “The Wen visit has widened the gap publicly between India and China,” said Ranjit Gupta, a retired Indian diplomat and one of many vocal analysts pushing a more hawkish line toward China. “And it represents for the first time a greater realism in the Indian establishment’s approach to China.”

    India aspires to membership on the United Nations Security Council, and China is now the only permanent member nation that has not explicitly endorsed such a move. But what has rattled Indian leaders even more is their contention that China is being deliberately provocative in Kashmir as it grows closer to Pakistan, China’s longtime ally and India’s nemesis. China has also been expanding its diplomatic and economic influence around South Asia, stepping up its involvement in the affairs of Sri Lanka, Nepal and the Maldives.

    Mr. Wen’s visit was supposed to help address those tensions at a time when India is starting to draw closer to the United States. Among Chinese leaders, Mr. Wen is perceived as a friend of India, and his 2005 visit was regarded as a breakthrough after he and Prime Minister Manmohan Singh agreed on a broad framework to address the border dispute.

    ……

    Meanwhile, China infuriated India by starting to issue special stapled paper visas — rather than the standard visa — for anyone in Indian-controlled Kashmir traveling to China on the grounds that Kashmir is a disputed territory. China later objected to including a top Indian general responsible for Kashmir in a military exchange in China. In response, Indian officials angrily suspended all military exchanges between the countries. Indian officials had thought Mr. Wen might reverse the stapled visas policy on his trip, but he instead only called for more diplomatic consultations.

    Indian commentators have noticed that articles in the Chinese state-run media have renewed Chinese claims that the disputed border between the nations is roughly 1,240 miles in length — even as India puts the length at about 2,175 miles. The difference roughly represents the border between Indian-controlled Kashmir and Tibetan China. By omitting this section, the Chinese are questioning the status of Indian-controlled Kashmir, a position that buttresses Pakistan’s own claims, several Indian analysts have argued.

    The most visible evidence that these problems were deepening came in the joint communiqué issued by the two nations at the end of Mr. Wen’s visit. China typically demands that nations voice support for the one-China policy, which holds that Taiwan is an inalienable part of China. In past communiqués, India has agreed to such language, but this time it was omitted, a clear sign of Indian irritation.

    http://www.nytimes.com/2010/12/30/world/asia/30india.html?_r=1&nl=todaysheadlines&emc=tha22






  • Joint Parliamentary Committee(JPC)

    In a JPC,PM may be forced to come and testify and there lies the catch.

    In a Parliamentary Committee you can hush up;in JPC very difficult

    The very fact a PM has been asked to testify may make the opposition to demand his resignation.

    JPC can even summon Sonia Gandhi.

    Story:

    Mandated to inquire into a specific subject, a JPC is constituted either through a motion adopted by one House and concurred by the other, or, through communication between the presiding officers of the two Houses. The members are either elected by the Houses or nominated by the presiding officers. As in the case of other parliamentary committees, they are drawn from different groups. The strength of a JPC may vary. For instance, one JPC comprised 15 members, while two others had 30 members each. The Lok Sabha share is double than that of the Rajya Sabha.

    When a committee is unable to complete its work before the expiry of its term or before the dissolution of the Lok Sabha, it reports that fact to the House. In such cases, any preliminary report, memorandum or note that may have been prepared by the committee is made available to the succeeding committee.

    Powers of a JPC?

    A JPC can obtain evidence of experts, public bodies, associations, individuals or interested parties suo motu or on requests made by them. If a witness fails to appear before a JPC in response to summons, his conduct constitutes a contempt of the House.

    The JPC can take oral and written evidence or call for documents in connection with a matter under its consideration. The proceedings of parliamentary committees are confidential, but in the case of the joint committee which went into “Irregularities in Securities and Banking Transactions”, the committee decided that considering the widespread public interest in the matter, the chairman should brief the press about deliberations of the committees.

    Ministers are not generally called by the committees to give evidence. However, in case of the Irregularities in Securities and Banking Transactions probe again, an exception was made, with the JPC, with the permission of the Speaker, seeking information on certain points from ministers and calling Ministers of Finance and Health and Family Welfare.

    The government may withhold or decline to produce a document if it is considered prejudicial to the safety or interest of State. The Speaker has the final word on any dispute over calling for evidence against a person or production of a document

    .

    There have been only four investigative JPCs so far.

    The first was instituted to inquire into the Bofors contract on a motion moved by then defence minister K C Pant in the Lok Sabha on August 6, 1987. The Rajya Sabha endorsed it a week later. The committee, headed by B Shankaranand, held 50 sittings and gave its report on April 26, 1988. Opposition parties boycotted the committee on the ground that it was packed with Congress members. The JPC report was tabled in Parliament, but it was rejected by the Opposition.

    The second investigative JPC, headed by former Union minister and senior Congress leader Ram Niwas Mirdha, was set up to probe Irregularities in Securities and Banking Transactions in the aftermath of the Harshad Mehta scandal. The motion was moved by then minister for parliamentary affairs Ghulam Nabi Azad in the Lok Sabha on August 6, 1992. The Rajya Sabha concurred with it the next day. The recommendations of the JPC were neither accepted in full nor implemented.

    The third investigative JPC was assigned to probe the market scam. Then parliamentary affairs minister Pramod Mahajan piloted a motion in the Lok Sabha on April 26, 2001, to put it in place. Senior BJP member Lt Gen Prakash Mani Tripathi (retd) was named the chairman. The committee held 105 sittings and gave its report on December 19, 2002. The committee recommended sweeping changes in stock market regulations. However, many of these recommendations were diluted later.

    The last JPC was set up in August 2003 to look into pesticide residues in soft drinks, fruit juice and other beverages and to set safety standards. The committee, headed by NCP chief Sharad Pawar, held 17 sittings and submitted its report to Parliament on February 4, 2004. The report confirmed that soft drinks did have pesticide residues and recommended stringent norms for drinking water.

    Why does the Opposition want a JPC?

    The Public Accounts Committee of Parliament is supposed to conduct a detailed examination of the reports of the Comptroller and Auditor-General (CAG), scrutinising the yearly accounts of the Government. Having 15 members of the Lok Sabha and seven members of the Rajya Sabha, the chairmanship of the PAC conventionally goes to a nominee of the main opposition party. The PAC calls upon ministries to explain cases of financial irregularities. The Opposition argument is that the 2G spectrum scam goes far beyond accounting. A JPC can spread its net wider and go into the larger gamut of allocation and look into the role of various players. More, once a JPC gets going, it would help the Opposition keep the heat on the government through consistent reporting of proceedings. The moot point is that PAC chairman Murli Manohar Joshi is already waiting in the wings to go into the CAG report. In case the government accepts the demand for a JPC, in effect, it may mean both a JPC and PAC.

    http://www.indianexpress.com/news/jpc-probe-a-goblet-of-fire/713146/0


    Related:

    Parliamentary Committee.

    Broadly, Parliamentary Committees are of two kinds – Standing Committees and ad hoc Committees. The former are elected or appointed every year or periodically and their work goes on, more or less, on a continuous basis. The latter are appointed on an ad hoc basis as need arises and they cease to exist as soon as they complete the task assigned to them

    http://india.gov.in/knowindia/parliamentary.php

    The government on Wednesday offered to hold a special session of Parliament to discuss the Opposition demand for a joint parliamentary committee (JPC) to probe the 2G spectrum allocation scandal.

    It was a direct response to the call for Prime Minister Manmohan Singh‘s resignation made earlier in the day at the National Democratic Alliance rally on the Ramlila maidan here that focussed on the numerous scams that have surfaced in recent months. Opposition leaders said the government must agree to a JPC probe or else the Prime Minister must resign.

    http://hindu.com/2010/12/23/stories/2010122359120100.htm

  • Swan Telecom front for Reliance Telecom: CAG.

     

    Raja’s link is reported to be in Chennai, for Swan.

    Highlighting irregularities in 2G spectrum allocation, the CAG has said Swan Telecom, one of the companies that got the licence, appeared to act as a “front company” on behalf of Anil Ambani-led Reliance Telecom and doubted the latter’s “intention”.
    Related:

    NEW DELHI: Highlighting gross irregularities in the allocation of 2G spectrum in 2008, the Comptroller and Auditor-General of India has said that “the entire process lacked transparency and was undertaken in an arbitrary, unfair and inequitable manner” causing a “presumptive loss” of over Rs.1.76-lakh crore to the exchequer. It indicts the former Communications and Information Technology Minister A. Raja for failing to adhere to laid guidelines and ignoring the concerns and advice of Prime Minister Manmohan Singh and the Union Finance and Law Ministries.

    The CAG’s Performance Audit Report titled “Issue of Licences and Allocation of 2G Spectrum by the Department of Telecommunications (DoT)” was tabled in Parliament on Tuesday.

    It said the DoT issued 122 new licences for 2G spectrum in 2008 at 2001 prices by flouting every canon of financial propriety, rules and procedures.

    The DoT did not follow its own guidelines on eligibility conditions, arbitrarily changed the cut-off date for receipt of applications post-facto and altered the conditions of the FCFS (first-come first-served) procedure at crucial junctures without valid and cogent reasons, “thereby giving unfair advantage to certain companies over others,” the report said.

    The CAG report blames Mr. Raja for violating the FCFS policy, but says the Prime Minister, the Minister of Law and Justice, the Finance Secretary, the DoT Secretary and the Member (Finance) in the Ministry were “not in favour of hasty allotment of licences without revision of spectrum prices.”

    In a severe indictment of DoT, the CAG report said it failed to do the requisite due diligence in the examination of the applications submitted for the licences, leading to the grant of 85 out of 122 licences to “ineligible applicants.” These companies, created barely months ago, deliberately suppressed facts, disclosed incomplete information, submitted fictitious documents and used fraudulent means for getting licences and, thereby, access to spectrum, it pointed out. The companies that won licences despite being ineligible include Unitech, Datacom (now Videocon), S-Tel, Swan Telecom (now Etisalat DB) and Loop Telecom.

    The CAG report said the owners of some of these licences, “obtained at unbelievably low price, have in turn sold significant stakes in their companies to the Indian/foreign companies at high premium within a short period of time. The premium earned by these new entrants to the telecom sector was nothing but the true value of the spectrum, which should have normally accrued to the public exchequer, had the transparent and fair market mechanism been followed for the allocation of UAS licences,” it added.

    Underlining the need for fixing responsibility and enforcing accountability for the lapses, the CAG report said the entire process of allocation of 2G spectrum raises serious concern about the systems of governance in DoT, which need to be thoroughly reviewed and revamped.

     

    In its report tabled in Parliament, the CAG said the Swan Telecom’s application was “in effect against the intent and spirit” of the Unified Access Service Licencing (UASL) guidelines as it was among those beneficiaries which “suppressed facts, disclosed incomplete information and submitted fictitious documents” to the Department of Telecom.

    he audit by CAG found that the e-mail ID of the corporate as well as registered office of Swan Telecom Pvt Ltd in its application dated March 2, 2007 was shown as hari.nair@relianceada.com, the report said, adding the same e-mail ID was also given for the correspondence address and the authorised contact person of the applicant company.

    The CAG said the Company Secretary Hari Nair had given a certificate while applying for a UAS licence for J&K service area in January 2007 that the Tigers Traders Private Limited held the shares of Swan (then Swan Capital Private Limited) as trustees of Indian Telecom Infrastructure Fund and these corporate beneficiaries are not part of Reliance ADA Group and neither Anil Ambani nor his family or Reliance ADA Group companies holds any shares in these companies.

    However, “the total equity/stakes of Reliance Telecom Ltd (RTL) in Swan Telecom was of Rs 1002.79 crore against equity holding of Rs 98.22 crore by the majority share-holder Tigers Traders Pvt Ltd”, the CAG said, adding it “raises doubts about the intention of the RTL and the control it would exercise in a new company incorporated barely few months ago”, the audit report said.

    http://hindu.com/2010/11/17/stories/2010111750770100.htm