THIS POST IS NOW CONTINUED FROM PART 32, BELOW--
THERE IS TOO MUCH OF INSURANCE FRAUD GOING
ON.
AT SEA I WAS THE FIRST CAPTAIN TO REJECT THE
“ SOMALIA PIRACY INSURANCE FRAUD “ IN
WHICH ALL WERE IN CAHOOTS— THE OWNERS, THE TECH MANAGERS , THE MANNING AGENTS, THE TIME CHARTERERS, THE CREW UNIONS , THE ITF etc .
IF A SAILOR DIES IN SOMALIAN WATERS , HIS
FAMILY GETS NOTHING OR A RIDICULOUS
PITTANCE .
IT WAS A SHAMELESS AND ELABORATE FRAUD.
NOTICING THAT I AM A HARDCORE AND EXPERIENCED
CAPTAIN, THE ITF TRIED TO SMOKE THE PEACE PIPE WITH ME, WITHOUT OTHERS KNOWING.
THE TOP BOSSES OF THE OTHER INTERESTS WERE
TRYING TO GET A ONE ON ONE WITH ME , AGAIN , ON THE QUIET— HOPING THAT IF I
BLOW THE LID OFF THE PANDORAs BOX— I WILL
HAVE SOME CONSIDERATION FOR THEM.
IT
WAS A QUESTION OF BEING DISGRACED AND SACKED FOR THEM.
ONE
DAY I WILL PUT A POST ON THIS. I HAVE ALL MASALA READY WITH PROOFS ..
THE PEOPLE WITHOUT HONOR AND CHARACTER , WHO
CHEATED POOR SAILORS WILL HAVE NOWHERE TO HIDE.
I WILL STRIP THEM NAKED WITH NAMES AND
ADDRESSES –
YES—
THEY CAN TAKE ME TO COURT FOR DEFAMATION,
I WILL RAPE THEM IN FRONT OF THE JUDGE AND
PRESS – MAKE SURE THEY GO TO JAIL FOR FRAUD !
IN THE POST ABOVE YOU CAN SEE KHAT LEAVES
THIS WAS THE DECOCOTION GANDHI USED IN HIS
ENEMAS
Networks of dishonest
specialty contractors, labor brokers, facilitators, paid straw shell owners and
check-cashing stores can avoid far more workers-comp premiums and taxes than
the traditional premium scams. Shell schemes
spread to states with large
construction activity.
Shell schemes generally
have these illicit goals:---
• Remove and hide
payroll to avoid workers compensation premiums, state and federal payroll
taxes, and overtime pay;
• Covertly allow cheap
cash-paid labor onto work sites;
• Create a fraudulent
layer of insurance coverage between the employer and injured workers; and
• Allow construction
contractors and sub-contractors to under-bid honest competitors.
Construction projects
are managed by owners or general contractors. Gone are the days when general
contractors’ own employees built housing subdivisions, office complexes and
other buildings. Specialty subcontractors now are typically hired to do work
such as excavation, plumbing, electrical work, concrete work, framing and
drywall.
Shell owners usually
create false identities for themselves using bogus yet official-looking
government identification ...Specialty subcontractors, also looking to reduce
their payroll burden, hire labor brokers. They oversee a large a large,
transient and uninsured work force. The brokers supply the labor for the
construction work to be performed.
The brokers are not “companies” per say.
Rather, they act more like company foremen or field supervisors. They also may
be someone simply with phone numbers of dozens to hundreds of workers to place
on a job site while supervised by the specialty subcontractor. Labor brokers
are key cogs in sophisticated shell scams.
Then there are
“facilitators.” They know construction and statutory requirements for insurance
coverage, and recruit someone as straw owner of the shell company where workers
will be hidden. Shell owners usually create false identities for themselves using
bogus yet official-looking government identification
False identities allow
the shell-company owners and facilitators to simply walk away from or “burn” a
shell company if an employee is injured, or if regulators or law enforcement
start investigating. Investigators have nobody to contact about the activities,
and subsequent worker injuries, involving the shell company.
Even if the
facilitators are identified, they can easily deflect attention to the straw
shell owner as the supposed culprit, except the “owner” now is untraceable. In
fact, the shell’s address usually is just a post-office box or rental
apartment.
Working together, the
facilitator and shell company owner create a corporation, generically named
something like XYZ General Services, Inc. A vague name lets the shell work in
multiple construction trades, thus increasing usability and profits. Many
states also let persons easily create corporations online, without meeting or
verifying identification in person.
The shell owner has an
insurance agent provide a minimal workers-compensation policy for the new shell
company. The facilitator usually accompanies the “owner” to the agent meeting,
and is identified as a “friend helping set up the business.”
The shell owner
usually is described as being new to construction . The facilitator thus
requests and receives approval to call the agent and request insurance
certificates for labor brokers.
Some insurance agents
are involved in the scheme, while others are duped by the facilitator. Either
way, a shell owner buys a minimal workers-comp policy, falsely describing the
business as a small, two to four-person company doing work such as drywall
installation, concrete, brick paving or carpentry.
The insurer sets the
premium without realizing the deception. A small premium downpayment lets the
facilitator embed the shell company into the scheme.
The labor brokers are
complicit in the scheme. They need to prove their labor force is covered by
workers-compensation in order to perform the work with the specialty
contractors as if they are legitimate subcontractors.
Facilitators thus
provide (rent) the name and paperwork of the new shell company for the labor
broker to use. This protects them if state regulators inquire or the insurer
audits the specialty contractor. Specialty contractors usually are aware of the
scheme. Yet they are insulated from civil or criminal liability most of the
time, unless they begin performing shell company functions such as payroll.
The small
workers-compensation policy gives the labor broker the “golden ticket” for a
work crew to do construction work, what appears to be a valid certificate of
insurance. However, they use many more workers than were reported at the time
of application. The straw shell owner likely will disappear, or maybe be hired
to “own” other shells.
The shell owners
collect large amounts of money per week
merely for allowing their name to be used as owner. The shell now is ready to
funnel large amounts of undeclared payroll to cash-paid workers.
Shell names rented out-----The facilitators
effectively rent out their shell company’s name. More important, the
facilitators rent their valuable certificate of insurance to uninsured labor
crews who work as if they are affiliated with the shell. In fact, they are
independent and uninsured, though may believe in good faith they are covered.
General and specialty
subcontractors can be directly involved. When contractors request an insurance
certificate from uninsured labor brokers looking for work for their crew, they
are directed to the facilitator.
The facilitator contacts the agent, and has
the insurance certificate in the name of the shell company falsely presented as
the uninsured labor broker’s company. The number of employees covered under a
workers-compensation policy are almost never listed on the insurance
certificate, so the massive deception is not evident at this point.
State-required proof of
insurance is met, minimally. The contractor contracts with the shell owner so
the uninsured labor crew can go to the work site. The labor broker bills the
contractor, who pays for the work from their operating account. That usually is
by one check each week, payable in the name of the shell company.
The checks are taken to
a local check-cashing store. A pre-arranged deal was made with the proprietor,
who is complicit. All checks made payable to the shell company are cashed, no
matter who presents them.
The check-cashing store and facilitator split a 10
percent fee for each check. The balance goes to the uninsured construction crew
for wages. The 10 percent cut is much cheaper than buying workers-comp coverage
and paying taxes.
Because the facilitator
rents the policy to numerous labor brokers who may work on many projects, the
large number of insurance certificates issued by the insurance agent are
lopsided compared to the small declared payroll and staff size.
Insurers and agents
normally do not track insurance certificates. Thus they often discover schemes
only when employees have a serious injury and a workers-compensation claim is
made by an employee who was never reported to the insurer. Insurer audits
occasionally uncover shell cons as well.
The facilitator
instructs the shell owner to write a check from the shell company account, to
be cashed at the check-cashing store. In some cases, the owners simply withdraw
the cash and deliver it to the facilitator, who hands over the check casher’s
cut. Electronic transfers are a relatively new payment nuance.
The shell’s bank
account was created under the same false identification used to set up the
shell. Currency transactions at the check-cashing store are falsified for
checks of at least $10,000. The transactions also are documented to appear the
shell owner made the transactions, even though the person cashing the checks
represents dozens of uninsured labor brokers using the shell-company name and
insurance certificate to obtain work.
In USA construction
firms illegally hide workers in shell companies to avoid paying state-required
workers-compensation coverage
Historically, dishonest
contractors lowballed large amounts of their payroll, undetected. The goal was
to under-report employees and salaries, and lie that employees worked safer
jobs than they really did.
Fewer employees, lower
payroll and safe jobs reduced workers-compensation premiums. Dishonest
construction firms each can illegally shave hundreds of thousands of dollars in
premiums a year. They also can save up to 35 % on contractor labor costs.
The shell-company
schemes allow this deception and illicit savings on a much larger scale. Exact fraud losses are in short supply, yet
shell-related schemes likely steal billions of workers-compensation insurance
dollars a year, skew honest market competition and contribute to higher
workers-compensation premiums.
Shell schemes often
were discovered only when employees started making claims for often-tragic work
injuries such as falls from scaffolding. Hidden in shell companies, insurers
had no idea of the number of employees creating potential injury exposures.
The result:
Workers-compensation insurers USA collectively were liable for millions of
dollars in benefits, payable to injured employees they knew nothing about until
receiving claims for work injuries.
The “chief motive in
all insurance crimes is financial profit
.
Insurance contracts provide both the insured
and the insurer with opportunities for exploitation.
According to the
Coalition Against Insurance Fraud, the causes vary, but are usually centered on
greed, and on holes in the protections against fraud.
The Coalition Against
Insurance Fraud is a coalition of insurance organizations, consumers,
government agencies and legislative bodies working to enact anti-fraud
legislation, educate the public, and provide anti-fraud advice.
They are also a
resource where consumers can find scam warnings, learn where to report fraud,
and how to protect themselves.
Dishonest employers
fleece workers’ compensation insurers out of billions of dollars a year by
hiding employees in the shadowy netherworld of America’s underground economy.
Employers sequester workers in often complex networks of shell companies.
This
reduces their payroll and staff size, and hence workers’ compensation premiums.
These workers are falsely called, or misclassified as off-the-books “independent
contractors.”
Up to 35 percent of employers misclassify employees.. Declared
payroll should be made available to regulators. The insurance industry condones
cheating when it ignores people who blatantly cheat the system.
Defrauders undermine honest employers who lose bids for
jobs because they cannot compete with cheaters who lowball contracts by
illegally lowering their workers’ compensation and tax costs.
Honest business
owners thus have a simple choice: Make sure the laws are enforced and the playing
field is fair, or join the cheaters.
By hiding workers,
contractors can run large construction firms but still avoid paying the full
workers’ compensation premiums. This deception leaves employees at risk of
being injured but without coverage. Honest businesses also lose out
Often, those who commit
insurance fraud view it as a low-risk, lucrative enterprise. For example, drug
dealers who have entered insurance fraud
think it’s safer and more profitable than working street corners.
Compared to those for other crimes, court sentences for insurance fraud can be
lenient, reducing the risk of extended punishment. Though insurers try to fight
fraud, some will pay suspicious claims anyway; settling such claims is often
cheaper than legal action.
Shell corporations
exist in most large corporations.
The American Institute
of Certified Public Accountants defines fraud as the intentional false
representation of material fact or its concealment with the aim of making
another party act on this information at his or her own peril. Fraud auditing
is the responsibility of professionals known as auditors.
You can seek the
services of these individuals through having them as part of the staff
internally at your organization or have external auditors that work on a
contractual basis. At other times, the work done by internal auditors needs to
be evaluated by an independent auditor in order to verify the work done
internally.
It is not every time that auditing is done to determine the
existence of fraud in the records of an individual or organization. At times it
is done as a common practice to ensure that your financial records are being
kept in the right manner and internal controls are working.
Auditors have the
professional responsibility to detect fraud in their line of work. Fraud
detection helps them sharpen their skills as well as teaching them new
techniques that are used in helping individuals and businesses detect financial
malpractice in their ventures.
When you notice irregularities that draw your
attention, you must consider the services of an auditor to determine if there
is anything that requires your immediate action. Fraud auditing is able to
confirm or dispel your worries through evaluation of the systems to determine
irregularities.
Fraud arises in
organizations generally because there are opportunities to do so or the people
committing the fraud are under pressure and have a rationalization for their
activities. In order to reduce the chances of fraud in your organization you
need to determine the weakness in the internal controls.
Fraud auditing is a
process that should be integrated into the culture of an organization so that
transparency and integrity can take root. When auditing is done on a consistent
basis, even those that are tempted to commit the offenses are deterred.
Shell companies aren't just for big tax
evaders anymore. They're the financial and deception vehicle of choice for some
of the most corrupt, dangerous and ruthless individuals and entities in the
world. Arms dealers, drug cartels, corrupt politicians, scammers, terrorists
and cybercriminals are just a few of the frequent users of shells.
In April of 2014,
Hewlett-Packard agreed to pay more than $100 million in criminal and regulatory
penalties to the U.S. Department of Justice and Securities and Exchange
Commission.
Hewlett-Packard subsidiaries created a slush fund for bribe payments, set
up an intricate web of shell companies and bank accounts to launder money,
employed two sets of books to track bribe recipients, and used anonymous e-mail
accounts and prepaid mobile telephones to arrange covert meetings to hand over
bags of cash.
One shell company isn't
enough — fraudsters need a network.
Dozens of shells, nominee directors, addresses and fake shareholders
might be required to conceal a scheme or criminal plot.
Big-time criminal
conspirators will utilize shell incorporators to do the heavy lifting and help
create a corporate web of disguise that can perplex and confuse the best of
investigators. Shells can come in different shapes and sizes, and the
jurisdiction in which they reside can help further the concealment.
In June 2012, Global
Witness, an international anti-corruption organization, published a report,
"Grave Secrecy," which documented the shell companies and
international criminal networks in and around Russia and Kyrgyzstan that were
involved in money laundering, corruption and fraud.
In one case, the
identity of a dead man from Russia was used as the front for a UK company.
While this person had died three years before the company was set up, he was
listed as the company's owner and he even ‘attended' a company meeting in
London," stated the report.
Global Witnesses'
investigation identified more than 20 companies that at first glance didn't
appear connected to one another. But a detailed review of the directors,
connections, and business addresses yielded a very large interconnected network
that spanned several countries.
By visiting the site,
it can be determined what physical structure is located at the known address
and whether the address is consistent with the entity structure. Private detectives
often will perform the procedure for a nominal charge, so the use of one may be
useful for verifying entities that are not located in your geographic area.
The shell’s bank
account was created under the same false identification used to set up the
shell.
Six suspects in USA
were arrested for creating multiple shell companies to hide workers and
payroll. Ringleaders provided fake business cards to work crews. They were told
to present the cards to state investigators who showed up onsite to inspect for
proper workers-compensation coverage.
Millions of dollars in
wages can be quickly funneled through a shell company. No year-end
workers-compensation premium audit will be conducted because the shell company
owner will be un-traceable. Nor does the shell pay any payroll taxes. The
facilitator also routinely burns the shell and forms a new one once or twice a
year to throw off investigators. The shell may be burned sooner if an employee
has a catastrophic injury.
Workers-compensation
insurers collectively lose billions of dollars in premiums annually. Insurer searches of the
Insurance Services Office claims database now are locating duplicate injury
claims for the same date of loss.
The related impact: Injured workers involved
in shell schemes are suing insurers under commercial general liability policies
that aren’t intended for what should be workers-compensation claims — hence,
duplicate claims . The losses incurred by these schemes are tangentially
imposing a cost burden on general liability insurers.
Because such large
amounts of cash are involved, premium scams attract organized crime syndicates
that use the same shells to launder other criminal proceeds.
Corrupt contractors
with lower labor costs also can illicitly take over entire markets by
lowballing competitors for contracts. Honest contractors may go out of
business, lay off employees, or start cheating just to survive.7
That indignity is
magnified when workers-compensation insurers pass fraud losses onto business
clients in higher premiums. The upshot is a steady erosion of law-abiding
contractors who pay true premiums.
Sue for workers-comp
benefits--
Significant tax revenue
also is denied to municipalities, states, the federal government, Social
Security, Medicare and unemployment insurers.
Injured workers also
get inadequate medical care. They must sue for workers-compensation benefits,
and are trapped in litigation to get bills paid by workers-comp or
general-liability policies. The unpaid bills and shattered lives are passed
along to everyone in higher medical costs, and increased burdens on safety nets
such as Social Security disability.
State laws must keep pace with shell
conspirators so crooked facilitators and contractors are held accountable; and Insurers and agents must look tighten their
application, underwriting and auditing to spot the signals of shell cons.
Corrupt construction
companies know the limitations and practices of law enforcement and the
insurance industrySwindlers exploit those weaknesses for large profits and
hundreds of millions in premium-fraud losses to insurers.”.
Insurance fraud is any
act committed with the intent to obtain a fraudulent outcome from an insurance
process. This may occur when a claimant attempts to obtain some benefit or
advantage to which they are not otherwise entitled, or when an insurer
knowingly denies some benefit that is due.
According to the United States
Federal Bureau of Investigation the most common schemes include: Premium
Diversion, Fee Churning, Asset Diversion, and Workers Compensation Fraud. The
perpetrators in these schemes can be both insurance company employees and
claimants. False insurance claims are insurance claims filed with the intent to
defraud an insurance provider.
Another reason for
fraud is over-insurance, when the amount insured is greater than the actual
value of the property insured. This condition can be very difficult to avoid,
especially since an insurance provider might sometimes encourage it in order to
obtain greater profits.
This allows fraudsters to make profits by destroying
their property because the payment they receive from their insurers is of
greater value than the property they destroy. The most common form of insurance
fraud is inflating the value of the loss.
Insurance companies are
also susceptible to fraud because it's possible for fraudsters to file claims
for damages that never occurred.
5% of the health care
industry’s expenditures in the United States are due to fraudulent activities,
amounting to a cost of about 65 billion USD
More than 15% of the
total healthcare spending in the United States to fraud—about $ 140 billion
annually.
All types of fraud
committed in the United States insurance institutions (property-and-casualty,
business liability, healthcare, social security, etc. )put the true cost at
more than 42% of the total cash flow
through the system.
Insurance fraud can be
classified as either hard fraud or soft fraud
Hard fraud occurs when
someone deliberately plans or invents a loss, such as a collision, auto theft,
or fire that is covered by their insurance policy in order to receive payment
for damages. Criminal rings are sometimes involved in hard fraud schemes that
can steal millions of dollars
Soft fraud, which is
far more common than hard fraud, is sometimes also referred to as opportunistic
fraud. This type of fraud consists of
policyholders exaggerating otherwise-legitimate claims. For example, when involved
in an automotive collision an insured person might claim more damage than
actually occurred.
Soft fraud can also occur when, while obtaining a new health
insurance policy, an individual misreports previous or existing conditions in
order to obtain a lower premium on his or her insurance policy.
Life insurance fraud
may involve faking death to claim life insurance. Fraudsters may sometimes turn
up a few years after disappearing, claiming a loss of memory.
An example is former
British Government minister John Stonehouse who went missing in 1974 from a
beach in Miami. He was discovered living under an assumed name in Australia,
extradited to Britain and jailed for seven years for fraud, theft and forgery.
Health insurance fraud
is described as an intentional act of deceiving, concealing, or misrepresenting
information that results in health care benefits being paid to an individual or
group.
Fraud can be committed
either by an insured person or by a provider. Member fraud consists of claims
on behalf of ineligible members and/or dependents, alterations on enrollment
forms, concealing pre-existing conditions, failure to report other coverage,
prescription drug fraud, and failure to disclose claims that were a result of a
work-related injury.
Provider fraud consists
of claims submitted by bogus physicians, billing for services not rendered,
billing for higher level of services, diagnosis or treatments that are outside
the scope of practice, alterations on claims submissions, and providing
services while medical licenses are either suspended or revoked. Independent
medical examinations debunk false insurance claims and allow the insurance
company or claimant to seek a non-partial medical view for injury-related
cases.
Health insurance fraud
depletes taxpayer-funded programs like Medicare, and may victimize patients in
the hands of certain doctors. Some scams
involve double-billing by doctors who charge insurers for treatments that never
occurred, and surgeons who perform unnecessary surgery.
One of the main reasons
that medical fraud is such a prevalent practice is that nearly all of the
parties involved find it favorable in some way. Many physicians see it as
necessary to provide quality care for their patients. Many patients, although
disapproving of the idea of fraud, are sometimes more willing to accept it when
it affects their own medical care. Program administrators are often lenient on
the issue of insurance fraud, as they want to maximize the services of their
providers.
The most common
perpetrators of healthcare insurance fraud are health care providers.There are fraudulent
practices such as billing insurers for treatments that are not covered by the
patient’s insurance policy. To do this, physicians often bill for a different
service, which is covered by the policy, rather than that which they rendered.
Public healthcare programs such as Medicare
and Medicaid are especially conducive to fraudulent activities, as they are
often run on a fee-for-service structure
. Physicians use several fraudulent techniques to achieve this end.
These can include “up-coding” or “upgrading,” which involve billing for more
expensive treatments than those actually provided; providing, and subsequently
billing for, treatments that are not medically necessary; scheduling extra
visits for patients; referring patients to other physicians when no further
treatment is actually necessary; "phantom billing," or billing for
services not rendered; and “ganging,” or billing for services to family members
or other individuals who are accompanying the patient but who did not
personally receive any services.
Perhaps the greatest
total dollar amount of fraud is committed by the health insurance companies
themselves.
There are numerous studies and articles detailing examples of
insurance companies intentionally not paying claims and deleting them from
their systems, denying and cancelling coverage, and the blatant underpayment to
hospitals and physicians beneath what are normal fees for care they provide.
Although difficult to obtain the information, this fraud by insurance companies
can be estimated by comparing revenues from premium payments and expenditures
on health claims.
In response to the
increased amount of health care fraud in the United States, Congress, through
the Health Insurance Portability and Accountability Act (HIPAA), has specifically established health
care fraud as a federal criminal offense with punishment of up to ten years of
prison in addition to significant financial penalties.
Fraud rings or groups
may fake traffic deaths or stage collisions to make false insurance or
exaggerated claims and collect insurance money. The ring may involve insurance
claims adjusters and other people who create phony police reports to process
claims.
One tactic fraudsters
use is to drive to a busy junction or roundabout and brake sharply causing a
motorist to drive into the back of them. They claim the other motorist was at
fault because they were driving too fast or too close behind them, and make a
false and inflated claim to the motorist's insurer for whiplash and damage
which can give the fraudsters huge money
In staged collision
fraud, fraudsters use a motor vehicle to stage an accident with the innocent
party. Typically, the fraudsters' vehicle carries four or five passengers. Its
driver makes an unexpected manoeuvre, forcing an innocent party to collide with
the fraudster's vehicle.
Each of the fraudsters then files claims for injuries
sustained in the vehicle. A “recruited” doctor diagnoses whiplash or other
soft-tissue injuries which are hard to dispute later.
Two-way insurance coverage is very expensive and
almost completely unavailable for OLD vehicles --the drivers can only obtain
basic liability.
A real accident may
occur, but the dishonest owner may take the opportunity to incorporate a whole
range of previous minor damage to the vehicle into the garage bill associated
with the real accident. Personal injuries may also be exaggerated, particularly
whiplash spine injuries
Insurance fraud cases of exaggerated claims
can also include claiming damage to the car that never occurred as a result of
an accident that damaged a different part of the vehicle.
Examples of soft
auto-insurance fraud can include filing more than one claim for a single
injury, filing claims for injuries not related to an automobile accident,
misreporting wage losses due to injuries, or reporting higher costs for car
repairs than those that were actually paid.
Hard auto-insurance fraud can
include activities such as staging automobile collisions, filing claims when
the claimant was not actually involved in the accident, submitting claims for
medical treatments that were not received, or inventing injuries. Hard fraud
can also occur when claimants falsely report their vehicle as stolen. Soft
fraud accounts for the majority of fraudulent auto-insurance claims.
Another example is that
a person may illegally register their car to a location that would net them
cheaper insurance rates than where they actually live, sometimes called
"rate evasion". Another form of automobile insurance fraud, known as
"fronting," involves registering someone other than the real primary
driver of a car as the primary driver of the car. For example, parents might
list themselves as the primary driver of their children's vehicles to avoid
young driver premiums.
"Crash for
cash" scams may involve random unaware strangers, set to appear as the
perpetrators of the orchestrated crashes.
Such techniques are the classic rear-end shunt (the driver in front
suddenly slams on the brakes, possibly with brake lights disabled), the decoy
rear-end shunt (when following one car, another one pulls in front of it,
causing it to brake sharply, then the first car drives off) or the helpful wave
shunt (the driver is waved into a line of queuing traffic by the scammer who
promptly crashes, then denies waving).
, there is an increasing
incidence of false whiplash claims to car insurance companies from motorists
involved in minor car accidents .
Because the mechanism of injury is not fully understood, A&E doctors have
to rely on a patient's external symptoms (which are easy to fake). Resultingly,
"no win no fee" personal injury solicitors exploit this
"loophole" for easy compensation money Property insurance
Possible motivations
for this can include obtaining payment that is worth more than the value of the
property destroyed, or to destroy and subsequently receive payment for goods
that could not otherwise be sold., the majority of property insurance crimes
involve arson. One reason for this is that any evidence that a fire was
started by arson is often destroyed by the fire itself. Council compensation
claims
The fraud involving
claims from the councils' insurers suppose staging damages blamable on the
local authorities (mostly falls and trips on council owned land) or inflating
the value of existing damages.
Detecting insurance fraud--
The detection of
insurance fraud generally occurs in two steps. The first step is to identify
suspicious claims that have a higher possibility of being fraudulent. This can
be done by computerized statistical analysis or by referrals from claims adjusters
or insurance agents.
Additionally, the public can provide tips to insurance
companies, law enforcement and other organizations regarding suspected,
observed, or admitted insurance fraud perpetrated by other individuals.
Regardless of the source, the next step is to refer these claims to
investigators for further analysis.
Due to the sheer number
of claims submitted each day, it would be far too expensive for insurance
companies to have employees check each claim for symptoms of fraud. Instead, many companies use computers and
statistical analysis to identify suspicious claims for further
investigation.
There are two main types
of statistical analysis tools used: supervised and unsupervised. In both cases, suspicious claims are
identified by comparing data about the claim to expected values. The main
difference between the two methods is how the expected values are derived.
In a supervised method,
expected values are obtained by analyzing records of both fraudulent and
non-fraudulent claims
Unsupervised methods of
statistical detection, involve detecting claims that are abnormal. Both claims adjusters and computers can also
be trained to identify “red flags,” or symptoms that in the past have often
been associated with fraudulent claims. Statistical detection does not prove
that claims are fraudulent; it merely identifies suspicious claims that need to
be investigated further.
Investigators say it
worked like this: Zuniga paid a North Lauderdale man to create and insure a
fake or "shell" company, Behar Services Incorporated, that
"rented" out insurance certificates — required by the state for
construction workers — to uninsured subcontractors.
The subcontractors were
then hired for construction jobs across South Florida. When the jobs were finished,
payments to the uninsured subcontractors were made through checks to the fake
company, which were then cashed at check cashing stores.
Mortgage Fraud is
defined as a material misstatement, misrepresentation, or omission of
information relied upon by an underwriter or lender to fund, purchase, or
insure a loan.
Mortgage fraud can be
classified into two general categories: fraud for housing and fraud for profit.
Market participants are
perpetrating mortgage fraud by modifying old schemes, such as property flip,
builder-bailout, and short sale fraud, as well as employing newer schemes, such
as buy and bail, reverse mortgage fraud, loan modification and refinance fraud,
and mortgage servicing fraud.
A fraudulent property
flip is a scheme in which individuals, businesses, and/or straw borrowers, buy and
sell properties among themselves to artificially inflate the value of the
property.
Reverse Mortgage Fraud
involves a scheme using a reverse mortgage loan to defraud a financial
institution by
stripping legitimate or fictitious equity from the collateral property..
Securities fraud, also
known as stock fraud and investment fraud, is a deceptive practice in the stock
or commodities markets that induces investors to make purchase or sale
decisions on the basis of false information, frequently resulting in losses, in
violation of securities laws. Offers of risky investment opportunities to
unsophisticated investors who are unable to evaluate risk adequately and cannot
afford loss of capital is a central problem.
Securities fraud can
also include outright theft from investors (embezzlement by stockbrokers),
stock manipulation, misstatements on a public company's financial reports, and
lying to corporate auditors. The term encompasses a wide range of other
actions, including insider trading, front running and other illegal acts on the
trading floor of a stock or commodity exchange.
Dummy corporations may
be created by fraudsters to create the illusion of being an existing
corporation with a similar name. Fraudsters then sell securities in the dummy
corporation by misleading the investor into thinking that they are buying
shares in the real corporation.
According to
enforcement officials of the Securities and Exchange Commission, criminals
engage in pump-and-dump schemes, in which false and/or fraudulent information
is disseminated in chat rooms, forums, internet boards and via email
(spamming), with the purpose of causing a dramatic price increase in thinly
traded stocks or stocks of shell companies (the "pump").
When the price reaches
a certain level, criminals immediately sell off their holdings of those stocks
(the "dump"), realizing substantial profits before the stock price
falls back to its usual low level. Any buyers of the stock who are unaware of
the fraud become victims once the price falls.
Phishing is the attempt
to obtain sensitive information such as usernames, passwords, and credit card
details (and, indirectly, money), often for malicious reasons, by disguising as
a trustworthy entity in an electronic communication.
In illegal insider
trading, an insider or a related party trades based on material non-public
information obtained during the performance of the insider's duties at the
corporation, or otherwise misappropriated
.
Abusive short selling, including certain types of naked short selling,
are also considered securities fraud because they can drive down stock prices.
In abusive naked short selling, stock is sold without being borrowed and
without any intent to borrow. The
practice of spreading false information about stocks, to drive down their
prices, is called "short and distort."
.
The trading volume in
the securities and commodities markets, having grown dramatically and has led
to an increase in fraud and misconduct by investors, executives, shareholders,
and other market participants.
White collar criminals
are expanding the scope of their fraud and are looking for new markets, new
investors, and banking secrecy havens to hide unjust enrichment.
Same financial markets
provide the opportunity for wealth to be obtained and the opportunity for white
collar criminals to take advantage of unwary investors.
Recovery of assets from
the proceeds of securities fraud is a resource intensive and expensive
undertaking because of the cleverness of fraudsters in concealment of assets
and money laundering, as well as the tendency of many criminals to be
profligate spenders. A victim of securities fraud is usually fortunate to
recover any money from the defrauder.
Sometimes the losses
caused by securities fraud are difficult to quantify. For example, insider
trading is believed to raise the cost of capital for securities issuers, thus
decreasing overall economic growth.
Potential perpetrators
of securities fraud within a publicly traded firm include any dishonest
official within the company who has access to the payroll or financial reports
that can be manipulated to:---
overstate assets
overstate revenues
understate costs
understate liabilities
understate pennystock
Enron Corporation exemplifies all four tendencies, and its
failure demonstrates the extreme dangers of a culture of corruption within a
publicly traded corporation.
Even if the effect of
securities fraud is not enough to cause bankruptcy, a lesser level can wipe out
holders of common stock because of the leverage of value of shares upon the
difference between assets and liabilities.
captain
what is algo trading?
what is algo trading?
-
WHEN I WROTE MY 33 PART POST ON SHELL COMPANIES ( NOTING IPL OWNERS USING SHELL COMPANIES WERE SUPPORTED BY FINANCE MINISTER WHO WAS PART OF BCCI ) -- I WANTED TO WRITE ANOTHER ONE ABOUT ALGO TRADING..
http://ajitvadakayil.blogspot.com/2017/02/shell-companies-for-money-laundering.html
THEN NOTING THAT PM MODI DID NOTHING-- I DID NOT WRITE ABOUT THE AGO TRADING SCAM, WHICH IS ONE OF THE BIGGEST FINANCIAL SCAMS IN INDIA, WITH LUNGI FINANCIAL MINISTER IN CAHOOTS , TAKING A SHARE OF THE PIE.
MIND YOU I WROTE A POST ON TELGI, SEND IT TO PM MODI AT LEAST TEN TIMES.. HE DID NOTHING. INSTEAD MODI GAVE MARATHA MANOOS THEDA FACE A PADMA VIBHUSHAN..
TELGI STAMP PAPER SCAM WAS NOT ABOUT SELLING FAKE STAMP PAPER... IT WAS ABOUT REGULARISING LAND GRABBED BY COMMIES AND POLITICIANS ...SAB MIL BHAANTKE KHAA REHE HAIN !
http://ajitvadakayil.blogspot.com/2014/12/telgi-stamp-paper-scam-must-be-exhumed.html
I ESTIMATE THAT THE ALGO TRADING SCAM IS MORE THAN 60,000 CRORES..
ALGO TRADING IS NOT ONLY LEGAL IN INDIA, BUT TO ALSO FORMS ABOUT 44% OF THE TOTAL TRADES EXECUTED ON THE NATIONAL STOCK EXCHANGE.
TO GIVE YOU A PERSPECTIVE, THE GLOBAL AVERAGE STANDS AT 89 %-- THIS IS HOW JEWS MAKE MONEY OUT OF THIN AIR..
THIS IS WHY RBI GOVERNOR AND FINANCE MINISTER HAS TO BE APPROVED BY THE KOSHER BIG BROTHER SINCE 1947..
ALGORITHMIC TRADING IS THE PROCESS OF USING COMPUTERS PROGRAMMED TO FOLLOW A DEFINED SET OF INSTRUCTIONS FOR PLACING A TRADE IN ORDER TO GENERATE PROFITS AT A SPEED AND FREQUENCY THAT IS IMPOSSIBLE FOR A HUMAN TRADER.
ALSO TRADING ALLOW TRADERS TO ESTABLISH SPECIFIC RULES FOR BOTH TRADE ENTRIES AND EXITS THAT, ONCE PROGRAMMED, CAN BE AUTOMATICALLY EXECUTED VIA A COMPUTER
ALGORITHMIC TRADING CAN POTENTIALLY HELP TRADERS EXECUTE ORDERS FASTER, EXPAND STRATEGY PORTFOLIOS BY USING MORE ADVANCED QUANTITATIVE TOOLS AND REMOVE HUMAN EMOTIONS THAT OFTEN AFFECT THE PERFORMANCE OF TRADING STRATEGIES.
IT IS A BLACK BOX AI SYSTEM— NOT TRANSPARENT .. HENCE YOU CANT NAB CROOKS ( WHO ARE MERE FRONTS OF THEIR JEWISH MASTERS ) .. ANY TIME THE DEEP STATE WANTS THEY CAN CRASH THE MARKET OR MANIPULATE GROWTH RATES OR WHATEVER...
THE ENTIRE STOCK MARKET IS RIGGED-- EVER SINCE AUTOMATION CREPT IN..
AFTER THE BATTLE OF WATERLOO JEW NATHAN ROTHSCHILD MADE A CHOOT OUT OF BRITISH PUBLIC BY STEALING THEIR WEALTH BY USING A PIGEON..HERE HUMAN EMOTIONS WERE EXPLOITED ..
http://ajitvadakayil.blogspot.com/2011/02/napoleon-unknown-side-capt-ajit.html
THIS IS WHY BEGGAR NATIONS ARE PART OF G6-- WHILE INDIA , THE BIGGEST ROARING ECONOMY IS KEPT OUT..
WHEN I WRITE MY TEN PART BLOG SERIES ON AI BLACK BOX SYSTEM--YOU WILL KNOW FURTHER..
https://ajitvadakayil.blogspot.com/2019/08/what-artificial-intelligence-cannot-do.html
ALGORITHMIC TRADING IS A METHOD OF EXECUTING ORDERS USING AUTOMATED PRE-PROGRAMMED TRADING INSTRUCTIONS ACCOUNTING FOR VARIABLES SUCH AS TIME, PRICE, AND VOLUME TO SEND SMALL SLICES OF THE ORDER (CHILD ORDERS) OUT TO THE MARKET OVER TIME.
THEY WERE DEVELOPED SO THAT TRADERS DO NOT NEED TO CONSTANTLY WATCH A STOCK AND REPEATEDLY SEND THOSE SLICES OUT MANUALLY.
ALGO TRADING FACILITATES TRANSACTION DECISION MAKING IN THE FINANCIAL MARKETS USING ADVANCED MATHEMATICAL TOOLS. ... AS THE LARGE INSTITUTIONAL INVESTORS DEAL IN A LARGE AMOUNT OF SHARES, THEY ARE THE ONES WHO MAKE A LARGE USE OF ALGORITHMIC TRADING..
AN EXAMPLE OF AN ALGORITHM IS AN ALGEBRAIC EQUATION, COMBINED WITH THE FORMAL RULES OF ALGEBRA. ... ALGORITHMIC TRADING CAN BE USED IN A WIDE VARIETY OF SITUATIONS INCLUDING ORDER EXECUTION, ARBITRAGE, AND TREND TRADING STRATEGIES.
ALGO TRADING IS MOSTLY USED FOR HIGH FREQUENCY TRADING (HFT), WHICH INVOLVES PLACING A LARGE NUMBER OF TRADE ORDERS ACROSS MULTIPLE MARKETS AND DECISION PARAMETERS AT A VERY HIGH SPEED, BASED ON PRE-PROGRAMMED INSTRUCTIONS. THIS EXPANDS MARKET REACH AND INCREASES THE POSSIBILITY OF MAKING A PROFIT..
CONTINUED TO 2-- - CONTINUED FROM 1--
IN FINANCIAL MARKETS, HIGH-FREQUENCY TRADING (HFT) IS A TYPE OF ALGORITHMIC TRADING CHARACTERIZED BY HIGH SPEEDS, HIGH TURNOVER RATES, AND HIGH ORDER-TO-TRADE RATIOS THAT LEVERAGES HIGH-FREQUENCY FINANCIAL DATA AND ELECTRONIC TRADING TOOLS.
WHILE THERE IS NO SINGLE DEFINITION OF HFT, AMONG ITS KEY ATTRIBUTES ARE HIGHLY SOPHISTICATED ALGORITHMS, CO-LOCATION, AND VERY SHORT-TERM INVESTMENT HORIZONS. HFT CAN BE VIEWED AS A PRIMARY FORM OF ALGORITHMIC TRADING IN FINANCE.
HFT USES PROPRIETARY TRADING STRATEGIES CARRIED OUT BY COMPUTERS TO MOVE IN AND OUT OF POSITIONS IN SECONDS OR FRACTIONS OF A SECOND.
HFT ALGORITHMS TYPICALLY INVOLVE TWO-SIDED ORDER PLACEMENTS (BUY-LOW AND SELL-HIGH) IN AN ATTEMPT TO BENEFIT FROM BID-ASK SPREADS. HFT ALGORITHMS ALSO TRY TO “SENSE” ANY PENDING LARGE-SIZE ORDERS BY SENDING MULTIPLE SMALL-SIZED ORDERS AND ANALYZING THE PATTERNS AND TIME TAKEN IN TRADE EXECUTION..
ALGORITHMS ARE A SET OF INSTRUCTIONS THAT PERFORM VARIOUS OPERATIONS IN THE MARKET BASED ON THE INPUTS GIVEN..
WHO WERE THE KINGPINS OF THE ALGO SCAM IN INDIA?
SEBI WAS ALERTED BY A WHISTLE BLOWER.. OTHERWISE SEBI AND CBI DONT HAVE THE CEREBRAL WHEREWITHAL TO DETECT ANY FINANCIAL SCAM IN INDIA..
AJAY SHAH AND HIS BARREN WIFE SUSAN THOMAS WERE CLASS MATES IN IIT MUMBAI..
AJAY SHAH, A SENIOR ACADEMIC WITH THE GOVERNMENT THINK-TANK NATIONAL INSTITUTE OF PUBLIC FINANCE AND POLICY (NIPFP), ALONG WITH HIS WIFE SUSAN THOMAS AND SISTER-IN-LAW SUNITA THOMAS , MISUSED MARKET DATA OBTAINED FROM THE NSE FOR COMMERCIAL GAINS.
THE NATIONAL INSTITUTE OF PUBLIC FINANCE AND POLICY (NIPFP) IS AN AUTONOMOUS RESEARCH INSTITUTE UNDER INDIA'S MINISTRY OF FINANCE. BASED IN NEW DELHI, INDIA, THE CENTRE CONDUCTS RESEARCH ON PUBLIC FINANCE AND CONTRIBUTES TO THE PROCESS OF POLICY-MAKING RELATING TO PUBLIC FINANCE.
THE WORKED AS A TEAM TO FULFIL THEIR COMMERCIAL GOALS BY FRAUDULENTLY USING THE DATA THAT WAS OBTAINED BY THEM FROM NSE TO DEVELOP AN ALGO TRADING SOFTWARE AND PRODUCTS.
THIS TRADING SOFTWARE WAS USED FOR SALE TO MARKET PARTICIPANTS FOR DEALING IN THE SECURITIES MARKET. SOME OF THESE PRODUCTS WERE USED BY FIRMS FOR UNFAIR "EARLY BIRD" ACCESS TO NSE’S SYSTEM..
SELECT PLAYERS OBTAINED MARKET PRICE INFORMATION AHEAD OF THE REST OF THE MARKET, ENABLING THEM TO FRONT RUN THE REST OF THE MARKET.. THERE WAS FOUL CONNIVANCE OF INSIDERS BY RIGGING NSE’S ALGO-TRADING AND USE OF CO-LOCATION SERVERS ENSURED SUBSTANTIAL PROFITS TO A SET OF CHOSEN BROKERS..
DURING RECESSION TIME IN 1985/ 86 —MERCHANT SHIP JOB ADS WERE POSTED IN MUMBAI SEAMENS CLUB NOTICE BOARD..BY PAYING A HEFTY BRIBE TO AGENTS IN FRONT DESK MERCHANT NAY OFFICERS GOT A 24 HOUR HEAD START TO RUSH INTO THE COMPANY OFFICES SEEKING OFFICERS FOR EMPLOYMENT.
SINGAPORE MARKET OPENS AT 6.30 AM INDIAN TIME, WHILE INDIAN MARKET BEGINS OPERATIONS AT 9.30 AM. IT SHOULD BE KEPT IN MIND THAT INDIA’S STOCK MARKET IS INFLUENCED BY SINGAPORE MARKETS WHERE ONLY FOREIGN INSTITUTIONAL INVESTORS (FII)S AND VERY FEW OTHERS HAVE ACCESS. TIS THREE HOUR HEAD START WAS LIKE GETTING THE QUESTION PAPER A DAY AHEAD OF THE EXAMINATION!
MOST OF THE ALGORITHMS CREATED TO MILK THE MARKET WERE PROVIDED BY AJAY SHAH . AJAY SHAH’S FATHER FOUNDED CMIE ( CENTRE FOR MONITORING INDIAN ACONOMY) , A FIRM THAT KEEPS UNDER-REPORTING THE NUMBER OF JOBS CREATED BY PM MODI.. JEWS ABROAD DECIDE USING THEIR INDIAN FRONTS WHAT IS WHAT IN INDIA- VIA CMIE
https://www.livemint.com/news/india/india-s-february-jobless-rate-climbed-to-7-2-cmie-1551794593776.html
SUSAN THOMAS AND HER SISTER SUNITHA THOMAS ( THE WIFE OF SUPRABHAT LALA THE TRADING ADMIN HEAD AT NSE) IN THE GARB OF RESEARCH, THEY GOT FULL GRANULAR TIME SERIES DATA FROM NSE WHICH NO ONE ELSE COULD GET AND CREATED ALGORITHMIC PROGRAMS TO GAME THE MARKET THROUGH SELECTED BROKERS SUCH AS OPG, ALPHA GREP ETC.
SUCH ACCESS HELPED THEM TO STAY AHEAD OF OTHERS IN THE MARKET AND ENSURE THAT THEY WOULD ALWAYS WIN AS THEY WERE PRIVY TO INFORMATION AHEAD OF THE OTHERS.
CONTINUED TO 3-- - CONTINUED FROM 2--
REMEMBER THAT SOME GOT THEIR DATA (THE ORDER BOOK) 3 HOURS AHEAD OF THE MARKET OPENING WHICH GAVE THEM THE TIME TO FIND THE BEST ALGORITHM FOR MAXIMIZING THE PROFITS..
SUSAN THOMAS, IS KNOWN TO BE A CONFIDANT OF FORMER FINANCE MINISTER ( LUNGI NOW IN TIHAR JAIL ) HER SISTER SUNITHA, FORMED HFT FIRMS LIKE INFOTECH AND CHANAKYA TO EXPLOIT SOME INHERENT KNOWN DELIBERATE FLAWS IN THE NSE ARCHITECTURE. AND EVENTUALLY, THEY OFFERED THE TECHNOLOGY TO BROKERS LIKE OPG SECURITIES, WHOSE OWNER IS SANJAY GUPTA..
LUNGI MINISTER IN TIHAR JAIL HAD DESTROYED THE SPOT EXCHANGE NSEL -- AND FOUNDED THE LARGEST EQUITY BOURSE NSE in 1992 WITH A SPECIFIC INTENTION...
IN JUNE 2016, MCX WAS RELIGIOUSLY PREPARING TO SHARE CRITICAL MARKET AND TRADING DATA WITH SUSAN THOMAS, A RESEARCHER AT THE INDIRA GANDHI INSTITUTE OF DEVELOPMENTAL RESEARCH (IGIDR) AND A NEW DELHI BASED ALGO SOFTWARE DEVELOPER CHIRAG ANAND ON HER INSTRUCTIONS. HUSBAND AJAY SHAH WAS ACTING AS A CONSULTANT TO THE LUNGI POLITICIAN’S FINANCE MINISTRY.
IN JUST A MONTH AFTER MRUGANK PARANJAPE TOOK OVER AS THE MD AND CEO AT MCX IN MAY 2016, THE EXCHANGE WANTED TO ROLL-OUT A ‘PIPELINE’ OF DAILY MARKET DATA TO IGIDR FOR RESEARCH ON COMMODITY TRANSACTION TAX (CTT) THAT WAS IMPOSED BY CHIDAMBARAM IN 2012.
THE COMMODITIES TRADE TAX (CTT) STUDY WAS JUST A PRETEXT AND THE DESIGN SEEMED TO GET ‘LIVE MARKET DATA’ FROM MCX, WHICH COULD BE USED FOR DEVELOPING FRAUDULENT ALGO TRADING STRATEGIES.
JIGNESH SHAH, WAS THE FOUNDER OF MULTI COMMODITY EXCHANGE (MCX)..MCX WAS EARLIER A SISTER COMPANY OF NSEL
JIGNESH BABY IS NOW BATTLING FOR MODI-- LIKE "PANAMA PAPERS" LAMBOOJEEE..
https://www.business-standard.com/article/pti-stories/from-social-sector-to-water-conservation-jignesh-shah-sees-huge-growth-in-digital-ecosystems-119091500379_1.html
DESPITE CHARGES AGAINST GUJJU AJAY SHAH BY THE CBI , HE CONTINUES TO HOLD POST OF PROFESSOR WITH NIPFP, WHICH IS AN AUTONOMOUS RESEARCH INSTITUTION IN THE MINISTRY OF FINANCE.
AJAY BABY ALSO SERVED AS ECONOMIC ADVISOR ON THE BOARDS OF VARIOUS INSTITUTIONS AND GOVERNMENT BODIES. HE IS ALSO CLOSE TO A LOBBYING AGENCY IN THE WESTERN WORLD THAT EXPORTS CRITICAL DATA ABOUT INDIAN FINANCIAL MARKETS.
MCX HAD PROVIDED TICK-BY-TICK AND REAL-TIME DATA TO SUSAN THOMAS THROUGH A DEDICATED PIPELINE. THIS WAS DONE MAINLY SO THAT NO AUDIT TRAIL WILL BE AVAILABLE IN THE FUTURE..
CHITRA RAMAKRISHNA AND RAVI NARAIN ENJOYED CLOSE PROXIMITY TO LUNGI MINISTER AND K.P. KRISHNAN, WHO SERVED AS THE JOINT SECRETARY AND ADDITIONAL SECRETARY FOR THE CAPITAL MARKETS
BOTH FOMER CHIEF EXECUTIVE OFFICERS -- RAVI NARAIN AND CHITRA RAMKRISHNA -- HAVE BEEN ASKED TO DISGORGE 25 % OF RESPECTIVE SALARIES DRAWN DURING THE SCAM PERIOD.
AJAY SHAH, WHO IS A PROFESSOR WITH NIPFP, IS ALLEGED TO HAVE LOBBIED FOR NSE, USING HIS CLOUT IN THE FINANCE MINISTRY AND ALSO “INFLUENCED” FIIS AND PNOTE ACTIVITIES ON NSE. I HAVE WRITTEN IN GREAT DETAIL ABOUT PNOTE ( PARTICIPATORY) SCAM..
AJAY BABY AND SUSAN BABY WORKED ON THE METHODOLOGICAL DESIGN OF NIFTY50 AND WERE CREATING THE ALGORITHMS FOR IT.
PRIOR TO BECOMING A PROFESSOR AT NATIONAL INSTITUTE FOR PUBLIC FINANCE AND POLICY (NIPFP) SINCE 2007, AJAY BABY HELD POSITIONS AT THE CMIE (MUMBAI), IGIDR (BOMBAY) AND THE MINISTRY OF FINANCE— HE WAS THE BLUE EYED BOY OF LUNGI MINISTER
WIFE SUSAN BABY IS A FACULTY MEMBER AT IGIDR (MUMBAI) AND ALSO SERVED AS A MEMBER/CHAIR OF VARIOUS COMMITTEES CONSTITUTED BY SEBI, RBI AND NSE ON SECONDARY MARKETS, GOVERNMENT SECURITIES, AND FOREIGN EXCHANGE.
HAVING DESIGNED NIFTY50, AND KNOWING THE ALGORITHM INSIDE OUT, SHAH , HIS WIFE AND HIS COTERIE INSIDE NSE BENEFITED BY GIVING PREFERENTIAL ACCESS TO A FEW ENTITIES AT THE EXPENSE OF OTHERS..
IN AN UNPRECEDENTED GESTURE, THE NSE HAS BEEN GIVING AJAY SHAH AND THOMAS A HEFTY ANNUAL ROYALTY AS A CERTAIN PERCENTAGE OF THE INCOME GENERATED OF NIFTY TRADING.
CONTINUED TO 4-- -
CONTINUED FROM 3-
IT MAY BE NOTED THAT NIFTY CONTRIBUTES NEARLY 80% OF THE TURNOVER OF NSE. THIS WAS WHILE THE COUPLE IS DOUBLING AS FACULTY WITH GOVERNMENT INSTITUTIONS.
A DARK FIBER WAS INSTALLED BETWEEN BENGALURU STOCK EXCHANGE (BSE) AND NSE BY SAMPARK COMMUNICATIONS WITHOUT RELEVANT PERMISSIONS.
IT'S NO SURPRISE THAT OF ALL THE TRADES THAT HAPPEN AT NSE TODAY, MOST OF IT ARE PLACED BY TRADING ALGORITHMS! E-TRADING IS DIRECTLY PLACING BUY AND SELL ORDERS WITH A STOCK BROKERAGE HOUSE FROM A COMPUTER TERMINAL..
“DARK POOLS”— ALSO KNOWN AS “BLACK POOLS”, “DARK LIQUIDITY” AND “UPSTAIRS MARKETS”— ARE PRIVATE FORUMS FOR TRADING SECURITIES WHICH ARE NOT AVAILABLE TO THE PUBLIC. ...
THE TRADING PLATFORMS ALLOW INVESTORS TO MAKE LARGE TRADES ANONYMOUSLY AND PRICES ARE ONLY PUBLISHED AFTER TRADES HAVE BEEN MADE.. THESE EXCHANGES ARE SO NAMED FOR THEIR COMPLETE LACK OF TRANSPARENCY.
FORENSIC ANALYSIS SHOWS 62 BROKING FIRMS MAY HAVE ENJOYED PREFERENTIAL ACCESS TO SERVERS OF NATIONAL STOCK EXCHANGE OF INDIA LTD (NSE), AND NOT JUST THE THREE THAT HAVE BEEN SERVED SHOWCAUSE NOTICE
ONLY 3 BROKING FIRMS HAVE BEEN CHARGED FOR FRAUDENTLY OBTAINING PREFERENTIAL ACCESS TO NSE’S HIGH-SPEED ALGORITHMIC TRADING PLATFORM THROUGH ITS CO-LOCATION SERVICE. THE SECURITIES AND EXCHANGE BOARD OF INDIA (SEBI) HAS SO FAR ISSUED SHOW-CAUSE NOTICES TO ONLY THREE— OPG SECURITIES, ITS ASSOCIATE GKN SECURITIES AND WAY2WEALTH BROKERS PVT LTD.
THE REPORTS NAME, AMONG OTHERS, MOTILAL OSWAL SECURITIES LTD, SMC GLOBAL SECURITIES LTD, RELIGARE SECURITIES LTD, IKM INVESTORS PVT LTD, KOTAK SECURITIES, BARCLAYS AND GOLDMAN SACHS. JEWS ARE MAKING MONEY OUT OF THIN AIR USING INDIAN FRONTS
ALL THIS EXPOSES THE DARK UNDERBELLY OF THE COUNTRY’S FINANCIAL MARKETS AND RIDICULOUS INEFFICIENCY OF ITS REGULATOR THE SECURITIES AND EXCHANGE BOARD OF INDIA (SEBI).
TILL A WHISTLE BLOWER BLEW THE WHISTLE – LIKE GABBBAR SIINGH, SEBI KOH KUCH NOHIN, POTHA !
http://ajitvadakayil.blogspot.com/2016/11/protect-whistle-blowers-if-india-must.html
IN JANUARY OF 2010, NSE STARTED OFFERING A CO-LOCATION FACILITY TO ITS MEMBERS. MEMBERS COULD PAY A DETERMINED FEE TO THE NSE AND IN TURN, THEY WERE ALLOWED TO PLACE THEIR COMPUTERS IN THE SAME AREA AS THE STOCK EXCHANGE’S SERVER. THIS PROVIDED THEM WITH FASTER ACCESS TO THE BUYING AND SELLING ORDERS BEING DISSEMINATED BY THE EXCHANGE’S TRADING ENGINE.
USUALLY, FOR SUCH MARKET DEVELOPMENT, SEBI PUTS OUT A DISCUSSION PAPER TO COLLECT THE PUBLIC FEEDBACK AND CONSULTS ITS TECHNICAL ADVISORY COMMITTEE AND THEN ISSUES GUIDELINES AFTER DUE DELIBERATION WITH THE VARIOUS STAKEHOLDERS. HOWEVER, NOTHING LIKE THAT HAPPENED IN THIS CASE.
THERE IS NO RECORD IN PUBLIC DOMAIN ABOUT THE USE OF CO-LOCATION FACILITY BY THE NSE, APART FROM ITS OWN 2009-10 ANNUAL REPORT. BOMBAY STOCK EXCHANGE (BSE) SENT A PROTEST NOTE TO THE SEBI AFTER THIS AND DEMANDED A FAIR REGULATORY FRAMEWORK FOR SUCH FACILITY TO OPERATE. BUT, THIS WAS IGNORED BY THE REGULATOR.
THE SCAM CAME TO LIGHT BY A LETTER SENT TO SEBI IN 2015 BY A WHISTLEBLOWER WHICH STATED-
“I WISH TO DRAW YOUR ATTENTION TO A SOPHISTICATED MARKET MANIPULATION DONE AT NSE FOR SEVERAL YEARS. THE MANIPULATION HAS BEEN OCCURRING BY ENABLING CERTAIN VESTED TRADERS TO GET MARKET INFORMATION AHEAD OF OTHERS.”
THIS LETTER WAS ALSO SENT TO AN ONLINE MAGAZINE, MONEYLIFE, WHICH PUBLISHED THE LETTER ON ITS WEBSITE. THIS TRIGGERED AN INVESTIGATION INTO THE SCAM WHICH RESULTED IN A 1,100 CRORES PENALTY ON THE NSE.
INCLUDING FIVE YEARS OF INTEREST AT 12%, THE 625 CRORE PENALTY WORKS OUT TO 1,100 CRORE, OR ABOUT $158 MILLION. THAT’S A FRACTION OF THE $110 BILLION BILL BANK OF AMERICA CORP. AND JPMORGAN CHASE & CO. HAVE RUN UP BETWEEN THEM IN FINES AND SETTLEMENTS SINCE 2008, ACCORDING TO A TALLY MAINTAINED BY BLOOMBERG INTELLIGENCE.
CONTINUED TO 5-- -
CONTINUED FROM 4--
The audit report reveals that --
A sloppy agreement without any legal vetting was entered into between MCX and IGIDR, which at the research organization was signed by its registrar in Mumbai. But it has come to light that there existed an ‘undertaking’ signed by Thomas for sharing of separate data and which, in the own words of Thomas to the auditor, nobody was aware at IGIDR and she was not required to inform them. The audit suspects that it was this ‘undertaking’ based on which MCX shared crucial ‘live trading’ data with Chirag Anand, an algo software developer, on instructions from Thomas..
MCX executives told the auditor that as per their understanding Thomas had given the undertaking on behalf of IGIDR. Anand did not work with IGIDR, when he as per the audit report, was dictating to MCX his requirement for data. Anand has worked with IGIDR earlier and also closely with Shah in the National Institute of Public Finances and Policy (NIPFP).
CERTAIN CHOSEN SOFTWARE VENDORS WHO HAD DEVELOPED SOFTWARE TO PROVIDE THEIR CLIENTS FIRST-TO-CONNECT ACCESS. THE SET UP ENABLED FIRST-TO-CONNECT STOCK BROKERS TO RECEIVE DATA AHEAD OF OTHERS AND THUS, THEY WERE ABLE TO REACT TO THE INFORMATION EARLIER THAN THE REST OF THE STOCK BROKERS
ALL THIS CANNOT BE COULD WOUTH LUNGI MINISTER BEING IN CAHOOTS..
AJAY SHAH COLLECTED NSE TRADE DATA IN 2005-06 UNDER THE GARB OF DOING RESEARCH, WHILE HE WAS EMPLOYED WITH CENTRE FOR MONITORING INDIAN ECONOMY (CMIE). HE WAS SEEN BY THE PROBE AS BEING INSTRUMENTAL IN THE EXPLOITATION OF THE NSE TBT (TICK-BY-TICK) ARCHITECTURE. IN THIS ARCHITECTURE, DATA WAS DISSEMINATED IN A SEQUENTIAL MANNER, WHEREBY A STOCK BROKER WHO CONNECTED FIRST TO THE SERVER OF THE STOCK EXCHANGE RECEIVED A “TICK”, I.E. MARKET FEED, BEFORE THE STOCK BROKER WHO CONNECTED LATER. THIS GAVE UNDUE ADVANTAGE TO ENTITIES THAT WERE ABLE TO CONNECT TO THE EXCHANGE SERVER EARLIER THAN OTHERS.
THE WHISTLE-BLOWER COMPLAINED CONNIVANCE OF INSIDERS BY RIGGING NSE’S ALGO-TRADING AND USE OF CO-LOCATION SERVERS BY A SET OF BROKERS. THE WHISTLE-BLOWER ALLEGED THAT TRADING MEMBERS WERE ABLE TO CAPITALISE ON ADVANCE KNOWLEDGE BY COLLUDING WITH SOME EXCHANGE OFFICIALS..
WE KNOW THE MELORDS WHO SUPPORTED LUNGI MINISTER…
WE WATCH.
Capt ajit vadakayil
..
MODI LISTEN UP
IN THE NEW IT FORM --
HAVE A SECTION FOR SHELL COMPANIES
ASK EVERY BODY TO DECLARE !
IN THE NEW IT FORM --
HAVE A SECTION FOR SHELL COMPANIES
ASK EVERY BODY TO DECLARE !
MISDECLARATION MUST ENTAIL 5 YEARS JAIL TIME.
PUT THIS IN THE WEBSITE OF PM MODIASK FOR AN ACK
capt ajit vadakayil
..
DELHI CM ARVIND KEJRIWALs GOVT MUST BE DISMISSED
HE HAS BROKEN HIS OATH AS CM
THIS DANGEROUS MAN KEJRIWAL HAS USED A "FEEDBACK UNIT "-- A CLANDESTINE UNIT .IS THIS FOR BLACKMAIL ?
PUT THIS COMMENT IN PM MODIs , LAW MINISTERS AND RAJNATH SINGHs WEBSITES
ASK FOR AN ACK
capt ajit vadaayil
..
all-
I AM ABANDONING THIS SHELL SERIES AT PART 33 , MIDWAY --
CANT SUFFER THIS ORDEAL ANYMORE.
I COULD HAVE TAKEN THIS SHELL SERIES TO PART 108. I AM JUST A RETIRED SHIP CAPTAIN
ABANDON SHIP
ABANDON SHIP
ABANDON SHIP
http://ajitvadakayil.blogspot.in/2011/09/abandon-ship-on-chemical-tankers-capt.html
THREE OF MY POSTS ARE INCOMPLETE
BLIND JUSTICE --PART 12
http://ajitvadakayil.blogspot.com/2017/02/justice-cannot-be-blind-natural-justice.html
NLP PART 4 --
http://ajitvadakayil.blogspot.in/2017/01/ethical-nlp-neuro-linguistic_7.html
SANATANA DHARMA PART 71--
http://ajitvadakayil.blogspot.in/2016/11/sanatana-dharma-hinduism-exhumed-and_29.html
capt ajit vadakayil
..
I AM ABANDONING THIS SHELL SERIES AT PART 33 , MIDWAY --
CANT SUFFER THIS ORDEAL ANYMORE.
I COULD HAVE TAKEN THIS SHELL SERIES TO PART 108. I AM JUST A RETIRED SHIP CAPTAIN
ABANDON SHIP
ABANDON SHIP
ABANDON SHIP
http://ajitvadakayil.blogspot.in/2011/09/abandon-ship-on-chemical-tankers-capt.html
THREE OF MY POSTS ARE INCOMPLETE
BLIND JUSTICE --PART 12
http://ajitvadakayil.blogspot.com/2017/02/justice-cannot-be-blind-natural-justice.html
NLP PART 4 --
http://ajitvadakayil.blogspot.in/2017/01/ethical-nlp-neuro-linguistic_7.html
SANATANA DHARMA PART 71--
http://ajitvadakayil.blogspot.in/2016/11/sanatana-dharma-hinduism-exhumed-and_29.html
capt ajit vadakayil
..
I AM WATCHING NEWS X TV
LT GEN RAKESH SHARMA IS TALKING TO A MEDIA MAN --WHY ?
THE BENAMI MEDIA HAS WRANGLED A CONCESSION THAT ARMY WILL ABOLISH THE SAHAYAK ( BUDDY SYSTEM ) AND THEY WILL BE REPLACED BY CIVILIANS –ABOUT 30,000 OF THEM-- WHY ?
WHY THE FUCK IS THIS BEING DISCUSSED BY A MEDIA WHORE AND A IMMATURE LT GENERAL IN UNIFORM?
LT GEN RAKESH SHARMA IS TALKING TO A MEDIA MAN --WHY ?
THE BENAMI MEDIA HAS WRANGLED A CONCESSION THAT ARMY WILL ABOLISH THE SAHAYAK ( BUDDY SYSTEM ) AND THEY WILL BE REPLACED BY CIVILIANS –ABOUT 30,000 OF THEM-- WHY ?
WHY THE FUCK IS THIS BEING DISCUSSED BY A MEDIA WHORE AND A IMMATURE LT GENERAL IN UNIFORM?
DON’T WE HAVE A FUCKIN’ DEFENCE MINISTER ?
NO— WE THE PEOPLE DO NOT AGREE WITH CIVILIANS TAGGING ON TO SENIOR ARMY OFFICERS – IN DUE COURSE ALMOST ALL OF THEM WILL BE FOREIGN PAYROLL SPIES
WE WATCH !
PUT THIS COMMENT IN PM MODIs WEBSITE.. ASK FOR AN ACK
Capt ajit vadakayil
..
WARNING
IMPORTANT
##########
WE THE PEOPLE OF INDIA DEMAND FROM PM MODI THIS
CONTROL THE INDIAN MAIN STREAM MEDIA
IMPORTANT
##########
WE THE PEOPLE OF INDIA DEMAND FROM PM MODI THIS
CONTROL THE INDIAN MAIN STREAM MEDIA
ALMOST ALL OUR MEDIA IS BENAMI-- THE REAL OWNER IS A WHITE JEW --THE INDIAN OWNERS ARE MERE FRONTS
INDIA CANNOT BECOME A SUPERPOWER IN 16 YEARS IF THE MAIN STREAM MEDIA RUNS AMOKENTIRE DAY THE TV STATIONS RUN FOOTERS WITH QUESTION MARKS --HAVE YOU SEEN ANY OTHER WORLD MEDIA DOING THIS ?
WHY IS MEDIA SPECULATING ?
80 PRETEEN GIRLS VAGINAS INSPECTED BY HOSTEL WARDEN ????????????? --
IS THIS NEWS ?
HOUR AFTER HOUR THE MEDIA IS COMPETING WITH EACH OTHER TO DRIVE WEDGES AND FISSURES IN THE SOCIETY --MEDIA NOW DIVIDES AND RULES ..
MEDIA BARONS RUN THEIR OWN NGOs TO "CREATE " FAKE NEWS..
THIS IS BY NO MEANS FREEDOM OF THE PRESS... READ THIS LINE A ZILLION TIMES.
THIS IS BLEEDING BHARATMATA ENDLESSLY ... ROTHSCHILD MEDIA IN USA HAS LESSER VENOM
WHEN WE ONLY HAD DOORDARSHAN TV -- THIS WATAN HAD PEACE
WE THE PEOPLE DEMAND THISMODI MUST CALL I&B MINISTER VENKAIH NAIDU TODAY--AND GIVE HIM A PEP TALK..
ASK THIS KAMMA FELLOW IN WHITE DHOTI TO DO HIS JOB --IF HE CANT SACK HIM..
SPELL OUT THE I&B MINISTERs JOB
HE MUST CALL MEDIA BARONS AND WARN THEM OF SEVERE FINES AND INCARCERATION IF THEY CONTINUE TELLING ENDLESS LIES TO DRIVE FISSURES IN THE FABRIC OF INDIAN SOCIETY..
IF AN 80 YEAR OLD WOMAN IS RUN OVER BY A TRUCK IN THE MIDDLE OF THE BUSY ROAD--THE ENTIRE MEDIA REPORTS IT AS " OLD WOMAN RAPED AND THEN KILLED IN BROAD DAYLIGHT "
WHEN THEY ARE PROVED WRONG--THEY DO NOT APOLOGIZE ..
YESTERDAY THE MEDIA WAS GOING ON AND ON ABOUT 80 PRETEEN GIRLS ( LATER IT BECAME 70 ) WERE MADE NUDE BY THE FEMALE WARDEN AND THEIR VAGINAS INSPECTED FOR MENSTRUAL BLOOD
WILL ANYBODY BELIEVE THIS ? -- WELL THIS IS WHAT THE WHITE MAN WANTS TO HEAR.. THEY SAY HEATHEN INDIA IS NOT FIT TO BE IN UNSC ....
THAT INDIA IS A PLACE FULL OF UNCIVILIZED SAVAGES
MODI--YOU MUST MAKE AMENDS TODAY.
WE THE PEOPLE WILL NOW START TIGHTENING THE LEASH ON YOUR NOSTRILS --AND GET YOU ONE ONE SINGLE TOE --
PM MODI--WE NOW FEEL YOU ARE PART OF THIS -- WE DONT WANT YOUR VIKAAS--FIRST GIVE US PEACE ...
APCO MODI -- WHAT IS YOUR AGENDA ?-- WE WILL FIND OUT! AND THIS WONT HELP YOU.
PUT THIS COMMENT IN PMO, PM WEBSITE, RAJNATH SINGHs, LAW MINISTERs WEBSITES --ASK FOR AN ACK
capt ajit vadakayil
..
http://www.bbc.com/news/world-asia-india-39452245
MODI MUST TAKE ACTION
INDIAN MEDIA IS THE WORST ON THE PLANET
THE SCUM OF SOCIETY BECOME JOURNALISTS
http://trollindianpolitics.com/2017/01/indian-media-2nd-untrusted-institution-reports-world-economic-forum/
capt ajit vadakayil
..
MODI MUST TAKE ACTION
INDIAN MEDIA IS THE WORST ON THE PLANET
THE SCUM OF SOCIETY BECOME JOURNALISTS
http://trollindianpolitics.com/2017/01/indian-media-2nd-untrusted-institution-reports-world-economic-forum/
capt ajit vadakayil
..
DO WE HAVE A SYSTEM IN INDIA?
WHO HAS ALLOWED PRIVATE AIRLINES TO CREATE NO FLY LIST ?
MOST OF THESE PRIVATE AIRLINES ARE OWNED BY WHITE JEWS--THE INDIAN OWNER IS BENAMI
NOW EVEN FOREIGN BANKS DICTATE TERMS TO INDIA
ARE WE A SOVEREIGN NATION?
WHO HAS ALLOWED PRIVATE AIRLINES TO CREATE NO FLY LIST ?
MOST OF THESE PRIVATE AIRLINES ARE OWNED BY WHITE JEWS--THE INDIAN OWNER IS BENAMI
NOW EVEN FOREIGN BANKS DICTATE TERMS TO INDIA
ARE WE A SOVEREIGN NATION?
PM MODI -WHAT TYPE OF PM ARE YOU?
HEY NIRA RADIA---
BABY, WHY DID YOU CHANGE YOU NAME TO N II R A -- WITH AN EXTRA " I"
BATAOO NAH ?
IT WONT HELP YOU --AS MODERN FINANCIAL FRAUD COMPUTERS CAN WEED THIS CHICANERY OUT
WE KNOW SEVERAL NAME CHANGERS --SHOBHA TO SHOBHAA TYPES
WE THE PEOPLE KNOW ABOUT IPL CRICKET TEAMS , THE BENAMI OWNERS , THE SHELL COMPANIES AND OFFSHORE BANKS
IS FINANCE MINISTER AND EX-BCCI MAN ARUN JAITLEY FEIGNING IGNORANCE ?
IS FINANCE MINISTER AND EX-BCCI MAN ARUN JAITLEY FEIGNING IGNORANCE ?
ASK LALIT MODI TO BE A WHISTLE BLOWER -- THE REWARD MUST BE FREEDOM FROM PROSECUTION
HE WILL SCREW ARUN JAITLEY
PM MODI--YOU WILL BE LEFT WITHOUT YOUR 2 IN 1 MINISTER , AT A TIME WHEN YOU ARE QUIETLY BUYING ISRAELI ARMS
HIMMAT HAI?
PUT THIS COMMENT IN PM MODIs, HOME MINISTERs , LAW MINISTERs AND ATTORNEY GENERALs WEBSITES
ASK FOR AN ACK
Hari Om Ajit'ji
One more wicket down
http://www.thehindu.com/news/cities/Delhi/unitech-mds-arrested-for-cheating-breach-of-trust/article17759727.ece
Hari Om
One more wicket down
http://www.thehindu.com/news/cities/Delhi/unitech-mds-arrested-for-cheating-breach-of-trust/article17759727.ece
Hari Om
-
PM MODI-- CATCH BIG FISH --IF YOU HAVE THE BALLS
WE ALL KNOW WHO THEY ARE .
WANNA DEFINE ONE BIG FISH ?
EVER HEARD OF BCCI / ICC PRESIDENT-- WHO HEADS A POLITICAL PARTY ---WHO RUNS A BENAMI SHIPPING COMPANY IN HIS WIFEs NAME--- WHO WAS AGRICULTURE MINISTER FOR MORE THAN A DECADE--WHO WAS THE FIRST ACCUSED BY KARIM TELGI IN HIS NARCO SERUM TEST ?--WHO WAS SLAPPED BY A SARDARJEE ?
CATCHING VERY SMALL FISH-- AND GOING THROUGH THE MOTIONS TO PULL WOOL OVER OUR EYES ?
WE WATCH !
HUM KO CHOOTIYA MATH BANAO !
http://www.asianage.com/india/all-india/020417/nationwide-raids-on-shell-firms.html
CHAGGAN BHUJBAL WAS NAMED BY KARIM TELGI DURING THE NARCO TEST--SECOND NAME
MONEY WAS NOT MADE BY SELLING STAMP PAPER--THAT IS SECONDARY
CHAGGAN BHUJBAL WAS NAMED BY KARIM TELGI DURING THE NARCO TEST--SECOND NAME
MONEY WAS NOT MADE BY SELLING STAMP PAPER--THAT IS SECONDARY
PRIMARILY THE FAKE STAMP PAPER WAS USED TO REGISTER BENAMI PROPERTY --THIS IS THE GRAND DADDY OF ALL SCAMS
THORIUM SCAM IS THE MOTHER OF ALL SCAMS-- TAMIL NADU FISHERMEN CONVERTED TO CHRISTIANITY AND USING THEM TO STEAL THORIUM.http://ajitvadakayil.blogspot.in/2014/12/telgi-stamp-paper-scam-must-be-exhumed.html
READ ALL 8 PARTS OF COMMIE LAND GRAB
http://ajitvadakayil.blogspot.in/2016/08/communist-maoist-naxalite-movements-in.html
THE INDIAN TV WHO GOES TO TOWN FOR EVERY SMALL SHIT
WHY ARE THEY NOT SHOWING PRASHANT BHUSHAN DENIGRATING KRISHNA
OUR MEDIA IS ANTI-HINDU AND ANTI-WATAN
WHY ARE THEY NOT SHOWING PRASHANT BHUSHAN DENIGRATING KRISHNA
OUR MEDIA IS ANTI-HINDU AND ANTI-WATAN
ALL THE MAJOR BENAMI MEDIA BARONS OPERATE SHELL COMPANIES.
MODI GOVT MUST SEND THEM TO JAIL
PUT THIS COMMENT IN PM MODIs , LAW MINISTERs AND RAJNATH SIGHs WEBSITE--ASK FOR AN ACK
capt ajit vadakayil
..
http://indiatoday.intoday.in/story/enforcement-directorate-chattisgarh-chief-secetary-shell-companies/1/919959.html
WHY ONLY SMALL FISH?
WHAT ABOUT BIG FISH ?
WHY ONLY SMALL FISH?
WHAT ABOUT BIG FISH ?
http://www.ndtv.com/india-news/two-persons-arrested-from-bengaluru-chennai-in-shell-companies-crackdown-1677225
WHAT ABOUT BIG FISH WHO HAVE THOUSANDS OF CRORES IN KICKBACKS ?
WHAT ABOUT BIG FISH WHO HAVE THOUSANDS OF CRORES IN KICKBACKS ?
http://economictimes.indiatimes.com/industry/banking/finance/banking/icici-bank-sbi-stanchart-top-bank-frauds-list-rbi/articleshow/57604612.cms
WHY ARE BANK OFFICERS NOT IN JAIL ?
WHY ARE BANK OFFICERS NOT IN JAIL ?
http://www.internationaltaxreview.com/Article/3707644/India-uncovers-thousands-of-shell-companies-and-2-billion-in-fake-transactions.html
THOUSANDS ?
BASSSSSS ?
HEY MODI/ JAITLEY
EITHER YOU DO A PROPER JOB--OR STOP HIS BULLSHIT ...
YOU DELIBERATELY KEEP AWAY FROM BIG FISH AND PART GOVT POLITICIANS OF THE ITALIAN WAITRESS
BEFORE THESE CONGRESS POLITICIANS CAME TO POWER --THEY WERE PAUPERS , RIDING SCOOTERS --
--WITH A BROWN PATCH IN THE BALLS AREA OF THEIR WHITE PYJAMAS ( SCRATCHING )
THOUSANDS ?
BASSSSSS ?
HEY MODI/ JAITLEY
EITHER YOU DO A PROPER JOB--OR STOP HIS BULLSHIT ...
YOU DELIBERATELY KEEP AWAY FROM BIG FISH AND PART GOVT POLITICIANS OF THE ITALIAN WAITRESS
BEFORE THESE CONGRESS POLITICIANS CAME TO POWER --THEY WERE PAUPERS , RIDING SCOOTERS --
--WITH A BROWN PATCH IN THE BALLS AREA OF THEIR WHITE PYJAMAS ( SCRATCHING )
http://timesofindia.indiatimes.com/india/shell-firms-case-cbi-books-12-people-searches-16-places-in-ahmedabad/articleshow/58067669.cms
PATHETIC -
ALL SMALL FISH
HEY MODI / JAITLEY
DO YOU WANT ME TO GIVE YOU A LIST OF 100 BIG FISH ?
CHOOTIYA MATH BANAO INDIAN PUBLIC KOH !
WE WATCH ..
PATHETIC -
ALL SMALL FISH
HEY MODI / JAITLEY
DO YOU WANT ME TO GIVE YOU A LIST OF 100 BIG FISH ?
CHOOTIYA MATH BANAO INDIAN PUBLIC KOH !
WE WATCH ..
http://www.dnaindia.com/money/report-shell-companies-case-cbi-books-axis-bank-officials-for-rs-10057-crore-deposits-post-demonetization-2386714
WE WANT LONG TERM JAIL FOR BANKERS
WE WANT LONG TERM JAIL FOR BANKERS
http://www.newindianexpress.com/business/2017/apr/08/1000-shell-companies-evaded-rs-137-lakh-crore-tax-says-government-1591216.html
1000
BASSSSS ?
MODI IS CATCHING ONLY SMALL FISH
WE KNOW WHY !
HUMKO CHOOTIYA MATH BANAO
WE WATCH !
1000
BASSSSS ?
MODI IS CATCHING ONLY SMALL FISH
WE KNOW WHY !
HUMKO CHOOTIYA MATH BANAO
WE WATCH !
http://www.khabare.com/politics/ncp-leader-chhagan-bhujbal-under-the-lens-was-using-shell-companies-to-launder-money
SMALL FISH !
SMALL FISH !
http://totalnewsexpress.in/news/national/cbi-registers-preliminary-enquiry-against-satyendar-jain-money-laundering-case
SMALL FISH !
SMALL FISH !
http://www.nyoooz.com/news/kolkata/783134/12000-shell-companies-in-state-put-on-notice
JUST GOING THROUGH THE MOTIONS
TICKLING SMALL FISH
BIG FISH DARES MODI TO DO HIS WORST
PATHETIC
WE WATCH
JUST GOING THROUGH THE MOTIONS
TICKLING SMALL FISH
BIG FISH DARES MODI TO DO HIS WORST
PATHETIC
WE WATCH
THE MAN NAMED FIRST BY ABDUL KARIM TELGI DURING VIDEO RECORDED NARCO TEST HAS BEEN GIVEN IMMUNITY BY APCO MODI--BY GIVING HIM INDIAs SECOND HIGHEST AWARD
MODI THINKS WE INDIANS ARE FOOLS
http://ajitvadakayil.blogspot.in/2017/03/shell-companies-for-money-laundering_31.html
WE WATCH !
http://ajitvadakayil.blogspot.in/2014/12/telgi-stamp-paper-scam-must-be-exhumed.html
capt ajit vadakayil
..
http://timesofindia.indiatimes.com/india/mayawatis-brother-anand-is-now-bsp-vice-president/articleshow/58178820.cms
MAYAWATIs BROTHER OPERATES HUNDREDS OF SHELL COMPANIES...
http://www.financialexpress.com/india-news/tax-heat-on-mayawati-brother-anand-kumars-rs-1300-crore-wealth-under-it-scanner/502018/
http://english.sakshi.com/national-politics/2017/01/09/mayawatis-brothers-assets-grew-by-18000-times-in-just-7-years
I HAVE SEEN YOUNG MAYAWATIs PICTURES SHOWN TO ME BY A UP OFFICER IN TORN HAWAI CHAPPALS AND A CHEAP SAREE
MODI IS GOING AFTER ONLY SMALL FISH
MAYAWATIs BROTHER OPERATES HUNDREDS OF SHELL COMPANIES...
http://www.financialexpress.com/india-news/tax-heat-on-mayawati-brother-anand-kumars-rs-1300-crore-wealth-under-it-scanner/502018/
http://english.sakshi.com/national-politics/2017/01/09/mayawatis-brothers-assets-grew-by-18000-times-in-just-7-years
I HAVE SEEN YOUNG MAYAWATIs PICTURES SHOWN TO ME BY A UP OFFICER IN TORN HAWAI CHAPPALS AND A CHEAP SAREE
MODI IS GOING AFTER ONLY SMALL FISH
WHO KNOWS --MAYAWATI WILL SOON GET PADMA VIBHUSHAN LIKE SHARAD PAWAR
..
TILL NOW MODI GOVT HAS BEEN UNABLE TO FIND OUT THE SHELL COMPANIES OPERATED BY MANNARGUDI MAFIA AND MARATHA MANOOS POLITICAL PARTIES.
WE KNOW WHY !!
http://timesofindia.indiatimes.com/india/ed-notice-to-chidambarams-son-over-rs-23cr-deal/articleshow/58231480.cms
FINALLY BIG FISH
THIS IS JUST THE TIP OF THE ICEBERG !
FINALLY BIG FISH
THIS IS JUST THE TIP OF THE ICEBERG !
http://zeenews.india.com/blog/cheat-fund-the-inside-story-of-sudipto-sen-and-saradha-group_6281.html
SUDIPTO SEN'S REAL NAME WAS SANKARADITYA SEN -- A NAXALITE .
HE GENERATED FUNDS FOR NAXALITES AND WAS A LAND GRABBER
HE OPERATED HUNDREDS OF SHELL COMPANIES TO RUN HIS CRIMINAL PONZI EMPIRE
None of Saradha group entities were registered as 'chit funds'... Saradha was found to be paying returns to older investors from money collected from newer subscribers to its 'bonds and policies'.
Like all Ponzi schemes, Saradha Group promised astronomical returns in fanciful but credible investments.
Its funds were sold on commission by agents recruited from local rural communities. Between 35 and 40% of the deposit was returned to these agents as commissions and lucrative gifts to quickly build up a wide agent pyramid.
he group used a nexus of companies to launder money and evade regulators- some of whom were in cahoots.
When under the radar-- Saradha Group reacted by changing its methods of raising capital. In West Bengal, Jharkhand, Assam and Chhattisgarh, it began operating variations of collective investment schemes (CIS) involving tourism packages, forward travel and hotel booking timeshare credit transfer, real estate, infrastructure finance etc
Paperwork was created to show the funds collected as having been put together for sale / transfer of land / flats / apartments or tour packages, whereas the intention was always to refund the collected amount with interest on maturity only to some of the depositors and never to refund to the vast majority in the absence of any credible mode of generating a surplus - the characteristics of a pyramid scheme.
With enormous funds at its disposal, Saradha invested in high visibility sectors, such as the Bengali film industry, where it recruited actress and Trinamool Congress (TMC) Member of Parliament (MP) Satabdi Roy as its brand ambassador. Bollywood actor and TMC MP Mithun Chakraborty was brought in as the brand ambassador of Saradha Group's media platform.
Saradha Group also enlisted Kunal Ghosh, another TMC MP, as the CEO of the media group. Under Kunal Ghosh, the group acquired and established local television channels and newspapers, investing around US$150 million in the media group.
By 2013, it employed over 1,500 journalists and owned eight newspapers printed in five languages: Seven Sisters Post and Bengal Post (English dailies), Sakalbela and Kalom (Bengali dailies), Prabhat Varta (Hindi daily), Ajir Dainik Baturi (Assamese daily), Azad Hind[61] (Urdu daily) and Parama (Bengali weekly magazine).
It also owned Bengali news channels Tara Newz and Channel 10, Bengali general entertainment channels Tara Muzic and Tara Bangla, Punjabi general entertainment channel Tara Punjabi, an international channel aimed at the Indian diaspora, TV South East Asia and one FM radio station.
Author Aparna Sen was made the editor of Parama.
In 2011, Saradha Group bought Global Automobiles, a heavily indebted motorcycle company as a front for the latest version of its Ponzi scheme. Global Automobiles immediately stopped most production but kept 150 workers on its payroll who "pretended to work whenever truckloads and busloads of prospective depositors of Saradha Realty visited the plant for a first-hand check before investing
As part of its corporate social responsibility program, Saradha Group donated motorcycles to the Kolkata Police.
CONTINUE TO 2
SUDIPTO SEN'S REAL NAME WAS SANKARADITYA SEN -- A NAXALITE .
HE GENERATED FUNDS FOR NAXALITES AND WAS A LAND GRABBER
HE OPERATED HUNDREDS OF SHELL COMPANIES TO RUN HIS CRIMINAL PONZI EMPIRE
None of Saradha group entities were registered as 'chit funds'... Saradha was found to be paying returns to older investors from money collected from newer subscribers to its 'bonds and policies'.
Like all Ponzi schemes, Saradha Group promised astronomical returns in fanciful but credible investments.
Its funds were sold on commission by agents recruited from local rural communities. Between 35 and 40% of the deposit was returned to these agents as commissions and lucrative gifts to quickly build up a wide agent pyramid.
he group used a nexus of companies to launder money and evade regulators- some of whom were in cahoots.
When under the radar-- Saradha Group reacted by changing its methods of raising capital. In West Bengal, Jharkhand, Assam and Chhattisgarh, it began operating variations of collective investment schemes (CIS) involving tourism packages, forward travel and hotel booking timeshare credit transfer, real estate, infrastructure finance etc
Paperwork was created to show the funds collected as having been put together for sale / transfer of land / flats / apartments or tour packages, whereas the intention was always to refund the collected amount with interest on maturity only to some of the depositors and never to refund to the vast majority in the absence of any credible mode of generating a surplus - the characteristics of a pyramid scheme.
With enormous funds at its disposal, Saradha invested in high visibility sectors, such as the Bengali film industry, where it recruited actress and Trinamool Congress (TMC) Member of Parliament (MP) Satabdi Roy as its brand ambassador. Bollywood actor and TMC MP Mithun Chakraborty was brought in as the brand ambassador of Saradha Group's media platform.
Saradha Group also enlisted Kunal Ghosh, another TMC MP, as the CEO of the media group. Under Kunal Ghosh, the group acquired and established local television channels and newspapers, investing around US$150 million in the media group.
By 2013, it employed over 1,500 journalists and owned eight newspapers printed in five languages: Seven Sisters Post and Bengal Post (English dailies), Sakalbela and Kalom (Bengali dailies), Prabhat Varta (Hindi daily), Ajir Dainik Baturi (Assamese daily), Azad Hind[61] (Urdu daily) and Parama (Bengali weekly magazine).
It also owned Bengali news channels Tara Newz and Channel 10, Bengali general entertainment channels Tara Muzic and Tara Bangla, Punjabi general entertainment channel Tara Punjabi, an international channel aimed at the Indian diaspora, TV South East Asia and one FM radio station.
Author Aparna Sen was made the editor of Parama.
In 2011, Saradha Group bought Global Automobiles, a heavily indebted motorcycle company as a front for the latest version of its Ponzi scheme. Global Automobiles immediately stopped most production but kept 150 workers on its payroll who "pretended to work whenever truckloads and busloads of prospective depositors of Saradha Realty visited the plant for a first-hand check before investing
As part of its corporate social responsibility program, Saradha Group donated motorcycles to the Kolkata Police.
CONTINUE TO 2
-
CONTINUED FROM 1-
In 2011, it persuaded Mamata Banerjee, the Chief Minister of West Bengal, to use its ambulances and motorcycles . To further etch itself in the socio-cultural milieu of Bengal, Saradha Group invested in football rivals and the best-known football clubs in Bengal: Mohun Bagan A.C. and East Bengal F.C.
The group also sponsored various Durga Puja celebrations organised by local political leaders.
CPM accused TMC of associating with the 'chit fund', TMC alleged that Union Minister of Finance's wife Nalini Chidambaram had taken lawyers' fees from Saradha Group to incorporate its companies and should be investigatedMamata Bannerjee's SHIT PAINTINGS were allegedly bought for CRORES by the Saradha Group.WE WATCH !
capt ajit vadakayil
..
IPL IS JUST A VENUE FOR BIG FISH TO LAUNDER THEIR ILL EARNED MONEY .
WHY HAS THE IPL BIG FISH BETTING MAFIA NEVER BEEN UNCOVERED ?
BECAUSE PEOPLE WHO ARE EMPLOYED TO INVESTIGATE, ARE ALSO IN LEAGUE
http://www.hindustantimes.com/india-news/ipl-betting-scam-cbi-arrests-former-ed-joint-director-jp-singh-for-bribery/story-tEqbqt04rkxgA3ePVhbhXM.html
THEY HAVE TRIED TO SAVE BIG FISH BY ARRESTING AND BLACK BAGGING ( LIKE TERRORISTS ) PLAYERS LIKE S SREESHANT
http://ajitvadakayil.blogspot.in/2013/06/travesty-of-justice-sreesanth-and.html
WE ASK SREESHANT TO SUE BCCI AND IPL.
ASK LALIT MODI TO BLOW THE WHISTLE --ALL BIG FISH CAN BE JAILED.
WHY HAS THE IPL BIG FISH BETTING MAFIA NEVER BEEN UNCOVERED ?
BECAUSE PEOPLE WHO ARE EMPLOYED TO INVESTIGATE, ARE ALSO IN LEAGUE
http://www.hindustantimes.com/india-news/ipl-betting-scam-cbi-arrests-former-ed-joint-director-jp-singh-for-bribery/story-tEqbqt04rkxgA3ePVhbhXM.html
THEY HAVE TRIED TO SAVE BIG FISH BY ARRESTING AND BLACK BAGGING ( LIKE TERRORISTS ) PLAYERS LIKE S SREESHANT
http://ajitvadakayil.blogspot.in/2013/06/travesty-of-justice-sreesanth-and.html
WE ASK SREESHANT TO SUE BCCI AND IPL.
ASK LALIT MODI TO BLOW THE WHISTLE --ALL BIG FISH CAN BE JAILED.
http://timesofindia.indiatimes.com/india/4-lakh-companies-face-deregistration-for-not-filing-i-t-returns/articleshow/58232239.cms
BETTER LATE THAN NEVER
WHY IS BIG FISH FEELING SAFE ?
WE KNOW WHY !
BETTER LATE THAN NEVER
WHY IS BIG FISH FEELING SAFE ?
WE KNOW WHY !
http://economictimes.indiatimes.com/news/politics-and-nation/i-t-detects-over-rs-540-crore-black-money-in-last-fortnight/articleshow/58246031.cms
ALL SMALL FISH
ALL SMALL FISH
http://www.newindianexpress.com/nation/2017/apr/22/fresh-sushil-salvo-lalu-family-has-rs-115-crore-benami-property-1596590--1.html
CONGRATULATIONS
BIG FISH IN NET !
THIS IS JUST THE TIP OF THE ICEBERG
CONGRATULATIONS
BIG FISH IN NET !
THIS IS JUST THE TIP OF THE ICEBERG
http://www.financialexpress.com/india-news/i-t-dept-unearths-rs-110-cr-black-money-2-cas-under-scanner/645229/
SMALL FISH
SMALL FISH
http://timesofindia.indiatimes.com/business/india-business/8-9-lakh-registered-cos-not-filing-returns-revenue-secretary-hasmukh-adhia-says/articleshow/58429056.cms
THERE ARE MORE THAN 200 BIG FISH IN INDIA.
NOT A SINGLE ONE HAS BEEN NABBED.
THERE ARE MORE THAN 200 BIG FISH IN INDIA.
NOT A SINGLE ONE HAS BEEN NABBED.
WHY IS THE INDIAN GOVT SILENT ABOUT THE CULPRITS IN PANAMA PAPERS ?
WE KNOW WHY !
http://indianexpress.com/article/india/india-news-india/panama-papers-list-amitabh-bachchan-kp-singh-aishwarya-rai-iqbal-mirchi-adani-brother/
http://indianexpress.com/article/india/india-news-india/panama-papers-black-money-tax-evasion-indians-in-the-list-4375963/
WE KNOW WHY !
http://indianexpress.com/article/india/india-news-india/panama-papers-list-amitabh-bachchan-kp-singh-aishwarya-rai-iqbal-mirchi-adani-brother/
http://indianexpress.com/article/india/india-news-india/panama-papers-black-money-tax-evasion-indians-in-the-list-4375963/
http://www.pressreader.com/india/hindustan-times-jalandhar/20170430/281513636051192
BIG FISH ARE NOT AFRAID --THEY WILL REMAIN UNAFFECTED
GOING THROUGH THE MOTIONS -- IS WHAT IS GOING ON
TO SHOW RESULTS THEY ATTACK SOME WEE FISH
BIG FISH ARE NOT AFRAID --THEY WILL REMAIN UNAFFECTED
GOING THROUGH THE MOTIONS -- IS WHAT IS GOING ON
TO SHOW RESULTS THEY ATTACK SOME WEE FISH
http://www.timesnow.tv/india/video/zakir-naiks-close-aide-reveals-details-says-was-given-rs-149-crore-for-safekeeping/60231
SMALL FISH !
SMALL FISH !
http://economictimes.indiatimes.com/news/politics-and-nation/black-money-converted-into-gold-stored-in-shell-companies-during-note-ban-i-t-sleuths/articleshow/58493975.cms
THIS HAS HAPPENED MAXIMUM IN KERALA
OUR FINANCIAL TASK FORCES ARE BABES IN THE WOODS , RIGHT ?
THIS HAS HAPPENED MAXIMUM IN KERALA
OUR FINANCIAL TASK FORCES ARE BABES IN THE WOODS , RIGHT ?
http://timesofindia.indiatimes.com/business/international-business/us-firms-untaxed-cash-more-than-indias-gdp/articleshow/58555859.cms
PANAMA PAPERS HAD NO AMERICA JEWS-- IT WAS FILTERED BEFORE BEING PUBLISHED
YOU HAVE TO BE A TOTAL RETARD TO BELIEVE THAT US JEWS ARE HONEST TAX PAYERS
US JEWS OPERATE MAX SHELL COMPANIES
DONALD TRUMP WILL NOT IMPRISON ANYBODY --HE DOES NOT HAVE THE BALLS TO TAKE ON BILDERBERG CLUB
http://ajitvadakayil.blogspot.in/2011/09/shrewd-club-within-naive-bilderberg.html
capt ajit vadakayil
..
PANAMA PAPERS HAD NO AMERICA JEWS-- IT WAS FILTERED BEFORE BEING PUBLISHED
YOU HAVE TO BE A TOTAL RETARD TO BELIEVE THAT US JEWS ARE HONEST TAX PAYERS
US JEWS OPERATE MAX SHELL COMPANIES
DONALD TRUMP WILL NOT IMPRISON ANYBODY --HE DOES NOT HAVE THE BALLS TO TAKE ON BILDERBERG CLUB
http://ajitvadakayil.blogspot.in/2011/09/shrewd-club-within-naive-bilderberg.html
capt ajit vadakayil
..
http://timesofindia.indiatimes.com/business/india-business/cbi-unearths-393-shell-companies-used-to-divert-rs-2900-crore/articleshow/58562726.cms
GOING THROUGH THE MOTIONS
BIG FISH ARE COCKY AND CONFIDENT
capt ajit vadakayil
..
GOING THROUGH THE MOTIONS
BIG FISH ARE COCKY AND CONFIDENT
capt ajit vadakayil
..
https://satyavijayi.com/arnab-goswami-exposes-sonia-gandhi-used-party-fund-build-real-estate-empire/
IF GOVT READS MY 33 PART SHELL COMPANY SERIES THEY CAN EASILY CATCH BIG FISH
http://ajitvadakayil.blogspot.in/2017/03/shell-companies-for-money-laundering_31.html
IF GOVT READS MY 33 PART SHELL COMPANY SERIES THEY CAN EASILY CATCH BIG FISH
http://ajitvadakayil.blogspot.in/2017/03/shell-companies-for-money-laundering_31.html
https://www.yovizag.com/shell-companies-family-vizag/
SMALL FISH !
SMALL FISH !
-
http://www.indiatvnews.com/politics/national-aap-received-donations-from-shell-companies-black-money-to-white-kapil-mishra-aap-arvind-kejriwal-381434
MODI DOES NOT HAVE THE BALLS TO TAKE ON BIG FISH WHO HAVE THE SUPPORT OF WHITE JEWS.
http://timesofindia.indiatimes.com/india/i-t-dept-raids-lalu-prasad-yadavs-associates-in-rs-1000cr-benami-deals/articleshow/58693437.cms
LALU IS BIG FISH
HE WAS AN IMPOVERISHED CLERK IN A VETERINARY COLLEGE IN BIHAR WHERE HIS BROTHER WAS A PEON
WHY HAS IT TAKEN SO LONG TO GO AFTER BIG FISH
IT TOOK ME A 33 PAGE POST ON SHELL COMPANIES TO RAISE AWARENESS
YOU CANT CATCH BIG FISH WITHOUT THE HELP OF WHISTLE BLOWERS
MAKE LALIT MODI A WHISTLE BLOWER --IMMEDIATELY THREE BIG FISH WILL GET ENTANGLED IN THE NET
INSTEAD OF GOING AFTER BIG FISH -- PM MODI HAD BEEN GIVING THEM PADMA VIBHUSHAN AWARDS
http://ajitvadakayil.blogspot.in/2017/03/shell-companies-for-money-laundering_31.html
LALU IS BIG FISH
HE WAS AN IMPOVERISHED CLERK IN A VETERINARY COLLEGE IN BIHAR WHERE HIS BROTHER WAS A PEON
WHY HAS IT TAKEN SO LONG TO GO AFTER BIG FISH
IT TOOK ME A 33 PAGE POST ON SHELL COMPANIES TO RAISE AWARENESS
YOU CANT CATCH BIG FISH WITHOUT THE HELP OF WHISTLE BLOWERS
MAKE LALIT MODI A WHISTLE BLOWER --IMMEDIATELY THREE BIG FISH WILL GET ENTANGLED IN THE NET
INSTEAD OF GOING AFTER BIG FISH -- PM MODI HAD BEEN GIVING THEM PADMA VIBHUSHAN AWARDS
http://ajitvadakayil.blogspot.in/2017/03/shell-companies-for-money-laundering_31.html
http://indianexpress.com/article/india/ca-linked-to-lalu-prasad-yadav-daughters-firm-held-in-money-laundering-case-4670772/?src=ilaw
GOING THROUGH THE MOTIONS !
GOING THROUGH THE MOTIONS !
Rebecca Mark the high profile sexy high flying Globe-trotting in stiletto heels and a miniskirt Enron top executive who zoomed up the corporate ladder in a jiffy and who met Bal Thackeray at his home when Enron India was being set up.....
IS NOW MANAGING HER CATTLE RANCH IN TAOS New Mexico of course with millions of dollars in the bank...
IS NOW MANAGING HER CATTLE RANCH IN TAOS New Mexico of course with millions of dollars in the bank...
http://archive.indianexpress.com/Picture-Gallery/1878/21/1
OH YES
I KNOW WHICH ALL INDIANS REBECCA BABY MET --I HAVE KEPT TRACK
SOME IN PUBLIC-- SOME IN SECRET WITH EXTRA SHORT MINI SKIRT
http://www.daijiworld.com/news/newsDisplay.aspx?newsID=239389
SHE WON THE DHABOL DEAL BY ALLOWING INDIAN LEADERS TO SEE HER MICRO THONGS --SHARON STONE STYLE
https://www.xvideos.com/video158458/sharon_stone_pussy_shots
Rebecca Mark's name is NEVER uttered in the list of Enron's main miscreants. Her disappearing act is even more remarkable given the size and scope of the failed ENRON
She was too young and inexperienced to hold such a high post. She was a farmer's daughter who worked her ass off in the fields
When she worked at Houston Natural Gas --she was known to do a Monika Lewinsky to her boss JEW John Wing--who treated her like dirt
One prominent (female) stock analyst said " Rebecca got to the top on her back."
At a party to celebrate the bagging of ENRON project at Dhabol she brought a elephant into a resort outside Houston --at the same party, she was dressed in leather-and then she rode in on the back of a Harley-Davidson
I HAD MET AN ENRON EMPLOYEE IN USA WHO TOLD ME HOW SHE "CHARMED" SOME INDIANS TO GET THE DHABOL PROJECT --I KNOW THOSE BASTARDS WHO WANTED TO SEE HER IN A SARI.
WORLD BANK KNOWING THAT PUSSY POWER WAS HAPPENING AT DHABOL--REFUSED TO FINANCE THE ENRON PROJECT
By early December 1993, Mark had all the signatures she needed. The Indian government signed a contract requiring it to pay Enron about $1.3 billion per year, or about $26 billion over the life of the 20-year contract. It was, THE of the largest civilian or military contracts ever signed, anywhere on the globe --in a jiffy
Over the life of the contract, India would pay Enron and its partners nearly nine times what Dabhol had cost.
Furthermore, India was required to pay for any cost increases caused by price hikes associated with the plant's fuel, electricity transmission lines or plant maintenance.
The final insult of the contract was a stipulation that required India to pay Enron in American dollars, even though the Indian rupee was undergoing regular depreciation.
SOME DESH BHAKT INDIANS OBJECTED .
On August 26, 1993, Rebecca baby faxed a signed letter to CM of Maharashtra Sharad Pawar, complaining about an Indian named MISTER BEG and demanding that contract be signed
She was twice named as one of the 50 most powerful businesswomen in America by Fortune magazine –using PUSSY power
She used her femininity and no-nonsense manner first to disarm the men she dealt with, then bulldoze through any resistance that remained. She was a devastating success.
Rebecca baby using PUSSY power had negotiated a WIN -LOSE contract.
Between 1996 and 1998, in just two years her total compensation was more than 28 million USD -more than any other Enron employee during that time-- a huge amount of money those days
By 1998, she was named vice chairman of the Enron board and held voting power on more stock than anyone else on the board except for Robert Belfer, Lay and Skilling.
I HAVE SEEN SUCH WOMEN- I KNOW HOW THEY OPERATE USING SHARON STONE TACTICS
capt ajit vadakayil
..
OH YES
I KNOW WHICH ALL INDIANS REBECCA BABY MET --I HAVE KEPT TRACK
SOME IN PUBLIC-- SOME IN SECRET WITH EXTRA SHORT MINI SKIRT
http://www.daijiworld.com/news/newsDisplay.aspx?newsID=239389
SHE WON THE DHABOL DEAL BY ALLOWING INDIAN LEADERS TO SEE HER MICRO THONGS --SHARON STONE STYLE
https://www.xvideos.com/video158458/sharon_stone_pussy_shots
Rebecca Mark's name is NEVER uttered in the list of Enron's main miscreants. Her disappearing act is even more remarkable given the size and scope of the failed ENRON
She was too young and inexperienced to hold such a high post. She was a farmer's daughter who worked her ass off in the fields
When she worked at Houston Natural Gas --she was known to do a Monika Lewinsky to her boss JEW John Wing--who treated her like dirt
One prominent (female) stock analyst said " Rebecca got to the top on her back."
At a party to celebrate the bagging of ENRON project at Dhabol she brought a elephant into a resort outside Houston --at the same party, she was dressed in leather-and then she rode in on the back of a Harley-Davidson
I HAD MET AN ENRON EMPLOYEE IN USA WHO TOLD ME HOW SHE "CHARMED" SOME INDIANS TO GET THE DHABOL PROJECT --I KNOW THOSE BASTARDS WHO WANTED TO SEE HER IN A SARI.
WORLD BANK KNOWING THAT PUSSY POWER WAS HAPPENING AT DHABOL--REFUSED TO FINANCE THE ENRON PROJECT
By early December 1993, Mark had all the signatures she needed. The Indian government signed a contract requiring it to pay Enron about $1.3 billion per year, or about $26 billion over the life of the 20-year contract. It was, THE of the largest civilian or military contracts ever signed, anywhere on the globe --in a jiffy
Over the life of the contract, India would pay Enron and its partners nearly nine times what Dabhol had cost.
Furthermore, India was required to pay for any cost increases caused by price hikes associated with the plant's fuel, electricity transmission lines or plant maintenance.
The final insult of the contract was a stipulation that required India to pay Enron in American dollars, even though the Indian rupee was undergoing regular depreciation.
SOME DESH BHAKT INDIANS OBJECTED .
On August 26, 1993, Rebecca baby faxed a signed letter to CM of Maharashtra Sharad Pawar, complaining about an Indian named MISTER BEG and demanding that contract be signed
She was twice named as one of the 50 most powerful businesswomen in America by Fortune magazine –using PUSSY power
She used her femininity and no-nonsense manner first to disarm the men she dealt with, then bulldoze through any resistance that remained. She was a devastating success.
Rebecca baby using PUSSY power had negotiated a WIN -LOSE contract.
Between 1996 and 1998, in just two years her total compensation was more than 28 million USD -more than any other Enron employee during that time-- a huge amount of money those days
By 1998, she was named vice chairman of the Enron board and held voting power on more stock than anyone else on the board except for Robert Belfer, Lay and Skilling.
I HAVE SEEN SUCH WOMEN- I KNOW HOW THEY OPERATE USING SHARON STONE TACTICS
capt ajit vadakayil
..
I was asleep in port with cargo discharge in progress in a US port. I got a call from my Chief Officer from the CCR, and he said that a woman at the gangway wants to meet me—and he stressed that I would surely like to meet her.
So I peeped out of my porthole and saw a woman standing on the quay. She was allowed up and pretty soon she was in my cabin.
To be frank, she looked absolutely drop dead gorgeous, young, in perfect shape , blue eyes, blonde, in skin tight blue leotards ( with her camel toe , the cynosure of every male eye ). Look into Wikipedia if you want to see what a camel toe is.
She turned out to be an AVON sales woman. Though I offered her a seat, she wanted to kneel by my side and display the goodies in her bag. Pretty soon I caught on , she was giving me a free show . Her pink nipples were standing out like bullets . So I rang up my Chief Engineer and told him to come to my cabin el pronto.
My Chief Engineer came , had a look at her and sort of melted away. Then he called me up, on the telephone and said “ Captain saab come to my cabin “ I could feel the excitement in his voice. So I gave a Coke to the Avon lady and went to the Chief Engineer’s cabin.
He was rewinding a video cassette. Pretty soon he started the movie and I saw the same Avon woman . As per the title of the video she was “the queen of anal porn” – and there she was getting serviced by 3 men.
So I came back to my cabin and told her, that she has permission to go to the crew’s lounge. She sold her entire bag of goodies full of perfumes and cosmetics within half an hour, and she left. Get an idea of salesmanship nay sales-womanship?
At least this woman was doing something to earn a living. For she could have milked 100 times more money in the porn business.
http://ajitvadakayil.blogspot.in/2013/03/amway-merchants-of-pipe-dreams-capt.html
So I peeped out of my porthole and saw a woman standing on the quay. She was allowed up and pretty soon she was in my cabin.
To be frank, she looked absolutely drop dead gorgeous, young, in perfect shape , blue eyes, blonde, in skin tight blue leotards ( with her camel toe , the cynosure of every male eye ). Look into Wikipedia if you want to see what a camel toe is.
She turned out to be an AVON sales woman. Though I offered her a seat, she wanted to kneel by my side and display the goodies in her bag. Pretty soon I caught on , she was giving me a free show . Her pink nipples were standing out like bullets . So I rang up my Chief Engineer and told him to come to my cabin el pronto.
My Chief Engineer came , had a look at her and sort of melted away. Then he called me up, on the telephone and said “ Captain saab come to my cabin “ I could feel the excitement in his voice. So I gave a Coke to the Avon lady and went to the Chief Engineer’s cabin.
He was rewinding a video cassette. Pretty soon he started the movie and I saw the same Avon woman . As per the title of the video she was “the queen of anal porn” – and there she was getting serviced by 3 men.
So I came back to my cabin and told her, that she has permission to go to the crew’s lounge. She sold her entire bag of goodies full of perfumes and cosmetics within half an hour, and she left. Get an idea of salesmanship nay sales-womanship?
At least this woman was doing something to earn a living. For she could have milked 100 times more money in the porn business.
http://ajitvadakayil.blogspot.in/2013/03/amway-merchants-of-pipe-dreams-capt.html
http://www.newindianexpress.com/opinions/columns/s-gurumurthy/2017/jun/06/against-fraud-or-against-freedom-mr-roy-1613261--1.html
PRANNOY JAMES ROY IS BIG FISH
WE DONT WANT THIS FELLOW WITH AN IRISH MOTHER TO SAVE INDIA
HIS WIFEs SISTER IS BRINDA KARAT --INDIAs NOTORIOUS COMMIE
PRANNOY JAMES ROY IS BIG FISH
WE DONT WANT THIS FELLOW WITH AN IRISH MOTHER TO SAVE INDIA
HIS WIFEs SISTER IS BRINDA KARAT --INDIAs NOTORIOUS COMMIE
http://www.dnaindia.com/business/report-income-tax-department-accuses-ndtv-of-concealing-income-of-rs-1600-crore-2467923
DONT JUST TALK
TAKE ACTION
DONT JUST TALK
TAKE ACTION
http://www.firstpost.com/india/10-52-lakh-bogus-pan-cards-in-india-cant-be-termed-miniscule-figure-supreme-court-tells-centre-3540671.html
LINK PAN CARD WITH AADHAR CARD
LINK PAN CARD WITH AADHAR CARD
-
http://indianexpress.com/article/business/companies/vijay-mallya-hid-his-networth-using-shell-companies-ed-4704520/
INDIANS USE LAKHS OF SHELL COMPANIES
ED HAS WOKEN UP NOW -
http://www.newindianexpress.com/nation/2017/jun/13/cbi-arrests-promoters-of-abhijeet-group-in-rs-290-crore-fraud-case-1616267.html
SMALL FISH
http://www.thehindu.com/todays-paper/tp-national/tp-tamilnadu/shell-companies-to-be-shut-down-shortly/article19079104.ece
ONLY 4200 SHELL COMPANIES ?
OH YEAH ?
ONLY 4200 SHELL COMPANIES ?
OH YEAH ?
http://timesofindia.indiatimes.com/india/vijay-mallya-created-20-shell-companies-made-personal-staff-directors-ed-chargesheet/articleshow/59165130.cms
ONLY 20 ?
WHAT ABOUT SHELL COMPANIES OF IPL CRICKET TEAM OWNERS -- AND SEVERAL BIG WIGS OF BCCI / IPL ?
WHY GO THROUGH THE MOTIONS ?
WE WATCH
ONLY 20 ?
WHAT ABOUT SHELL COMPANIES OF IPL CRICKET TEAM OWNERS -- AND SEVERAL BIG WIGS OF BCCI / IPL ?
WHY GO THROUGH THE MOTIONS ?
WE WATCH
http://indiatoday.intoday.in/story/aap-enforcement-directorate-shell-companies-donated-rs-2-crore/1/983954.html
NOTHING WILL HAPPEN
GOING THROUGH THE MOTIONS TO MAKE A CHOOT OUT OF INDIANS
NOTHING WILL HAPPEN
GOING THROUGH THE MOTIONS TO MAKE A CHOOT OUT OF INDIANS
http://www.ndtv.com/hyderabad-news/3-hyderabad-businessmen-arrested-for-fraud-worth-rs-31-6-crore-1716502
SMALL FISH
GOING THROUGH THE MOTIONS
BIGGEST FISH GETS PADMA VIBHUSHAN AWARD FROM MODI
BRRRRAAAAYYYYYYYYYYY !
SMALL FISH
GOING THROUGH THE MOTIONS
BIGGEST FISH GETS PADMA VIBHUSHAN AWARD FROM MODI
BRRRRAAAAYYYYYYYYYYY !
http://www.hindustantimes.com/india-news/senior-andhra-pradesh-official-arrested-by-acb-for-amassing-disproportionate-assets/story-zhAlZlGyQxudw8HVPW6vlO.html
SMALL FISH
THE BIGGEST FISH WAS GIVEN PADMA VIBHUSHAN BY MODI --WE KNOW WHY !
SMALL FISH
THE BIGGEST FISH WAS GIVEN PADMA VIBHUSHAN BY MODI --WE KNOW WHY !
http://www.newindianexpress.com/opinions/columns/s-gurumurthy/2017/jun/06/against-fraud-or-against-freedom-mr-roy-1613261--1.html
WHY DO MEDIA COMPANIES START SUBSIDIARIES-- TV CHANNELS WHICH NOBODY WATCHES?
WHY IS NOBODY SEEING THE ANGLE OF TAX EVASION AND SIPHONING OFF FUNDS ?
WHY DO HONEST COMPANIES REQUIRES LAYERS ( SHELL COMPANIES ) --LIKE THE MAFIA DON
Companies are frequently owned by other companies.
Intertwined ownership structures can make it difficult to understand how a company operates, what parts of it are regulated by which government entities
Parent companies are those that own enough stock in another company (called a subsidiary) to control it.
A holding company is a corporation that owns stock in other companies. A pure holding company is established only to hold shares in other companies. A large holding company can control many individual companies.
For example, Sears Holdings Corp. has among its subsidiaries Kmart Corp., Lands’ End, Inc. and Sears, Roebuck and Co.
A shell company is a business entity that is not actively engaged in business and has no ( or chaatne ke vaaste ) assets. They are used for money laundering and tax avoidance schemes.
Publicly traded shell companies are used in reverse mergers, when a private company buys the shell, allowing it to be traded on the market without going through the required initial public offering.
A holding company is a company that owns other companies' outstanding stock. The term usually refers to a company that does not produce goods or services itself; rather, its purpose is to own shares of other companies to form a corporate group.
Holding companies allow the reduction of risk for the owners and can allow the ownership and control of a number of different companies.A holding company has a sole purpose to exercise control over other companies, called the subsidiaries. The holding company does not produce any goods nor services of its own, and it accumulates the profits of its subsidiaries.
In the United States, 80% or of stock, in voting and value, must be owned before tax consolidation benefits such as tax-free dividends can be claimed.
That is, if Company A owns 80% or more of the stock of Company B, Company A will not pay taxes on dividends paid by Company B to its stockholders, as the payment of dividends from B to A is essentially Company
A transferring cash from one company to the other. Any other shareholders of Company B will pay the usual taxes on dividends, as they are legitimate and ordinary dividends to these shareholders.
A parent company is a company that owns enough voting stock in another firm (subsidiary) to control management and operations by influencing or electing its board of directors. A parent company could simply be a company that wholly owns another company, which is then known as a "wholly owned subsidiary").
When an existing company establishes a new company and keeps majority shares with itself, and invites other companies to buy minority shares, it is called a parent company.
A dummy corporation or dummy company is an entity created to serve as a front or cover for one or more companies. It can have the appearance of being real (logo, website, and sometimes employing actual staff), but lacks the capacity to function independently. The dummy corporation's sole purpose is to protect "an individual or another corporation from liability in either contract or import"
Typically, the dummy companies are established in an international location, usually by the "attorney or bagman" of the creator in order to conceal the true owner of the often-illegitimate and empty company
The international security corporation Blackwater Worldwide were reported to have obtained over thirty dummy corporations in order to secure million dollar contracts from the United States government. After the backlash from Blackwater's "reckless misconduct" in Iraq, the security corporation successfully obtained lucrative American contracts under several subsidiaries
CONTINUED TO 2-
WHY DO MEDIA COMPANIES START SUBSIDIARIES-- TV CHANNELS WHICH NOBODY WATCHES?
WHY IS NOBODY SEEING THE ANGLE OF TAX EVASION AND SIPHONING OFF FUNDS ?
WHY DO HONEST COMPANIES REQUIRES LAYERS ( SHELL COMPANIES ) --LIKE THE MAFIA DON
Companies are frequently owned by other companies.
Intertwined ownership structures can make it difficult to understand how a company operates, what parts of it are regulated by which government entities
Parent companies are those that own enough stock in another company (called a subsidiary) to control it.
A holding company is a corporation that owns stock in other companies. A pure holding company is established only to hold shares in other companies. A large holding company can control many individual companies.
For example, Sears Holdings Corp. has among its subsidiaries Kmart Corp., Lands’ End, Inc. and Sears, Roebuck and Co.
A shell company is a business entity that is not actively engaged in business and has no ( or chaatne ke vaaste ) assets. They are used for money laundering and tax avoidance schemes.
Publicly traded shell companies are used in reverse mergers, when a private company buys the shell, allowing it to be traded on the market without going through the required initial public offering.
A holding company is a company that owns other companies' outstanding stock. The term usually refers to a company that does not produce goods or services itself; rather, its purpose is to own shares of other companies to form a corporate group.
Holding companies allow the reduction of risk for the owners and can allow the ownership and control of a number of different companies.A holding company has a sole purpose to exercise control over other companies, called the subsidiaries. The holding company does not produce any goods nor services of its own, and it accumulates the profits of its subsidiaries.
In the United States, 80% or of stock, in voting and value, must be owned before tax consolidation benefits such as tax-free dividends can be claimed.
That is, if Company A owns 80% or more of the stock of Company B, Company A will not pay taxes on dividends paid by Company B to its stockholders, as the payment of dividends from B to A is essentially Company
A transferring cash from one company to the other. Any other shareholders of Company B will pay the usual taxes on dividends, as they are legitimate and ordinary dividends to these shareholders.
A parent company is a company that owns enough voting stock in another firm (subsidiary) to control management and operations by influencing or electing its board of directors. A parent company could simply be a company that wholly owns another company, which is then known as a "wholly owned subsidiary").
When an existing company establishes a new company and keeps majority shares with itself, and invites other companies to buy minority shares, it is called a parent company.
A dummy corporation or dummy company is an entity created to serve as a front or cover for one or more companies. It can have the appearance of being real (logo, website, and sometimes employing actual staff), but lacks the capacity to function independently. The dummy corporation's sole purpose is to protect "an individual or another corporation from liability in either contract or import"
Typically, the dummy companies are established in an international location, usually by the "attorney or bagman" of the creator in order to conceal the true owner of the often-illegitimate and empty company
The international security corporation Blackwater Worldwide were reported to have obtained over thirty dummy corporations in order to secure million dollar contracts from the United States government. After the backlash from Blackwater's "reckless misconduct" in Iraq, the security corporation successfully obtained lucrative American contracts under several subsidiaries
CONTINUED TO 2-
-
CONTINUED FROM 1--
Dummy corporations may be created to avoid tax through disguising the true profits of a corporation through the use of tax havens. The use of tax havens are particularly popular in the British Virgin Islands and many dummy corporations are created on the islands as a way to evade taxes.
Dummy corporations may be created by fraudsters to create the illusion of being an existing corporation with a similar name. Similar to the "pump and dump" scheme, Fraudsters mislead investors in order to sell securities in the dummy corporation, in this case, making investors incorrectly believe "that they are buying shares in the real corporation". The sale of securities through a fraudulent corporation is inherently illegal
Another use is to prevent speculators from intruding on imminent plans of the parent organisation. Dummy corporations may also be used in crime to hide the identity of a criminal, similar to the use of a criminal alias.
A dummy corporation is one way to cook the books in a dishonest attempt to hide the true financial status of a company.
Tax avoidance techniques for multinational companies are all about location. They consist of where a company chooses to open offices and create subsidiaries, and where it chooses to allocate its profits and expenses.
Companies who want to minimise their tax bills shift their profits to subsidiaries
where there is a low or zero tax regime, e.g. a tax haven, and therefore pay less tax on them while they try to record their expenses in high tax jurisdictions that often offer good rates of tax relief.
They use a number of techniques to artificially move their money around, including using tax havens, manipulating prices and creating artificial structures that have little to no real economic value.
http://fortune.com/2016/03/11/apple-google-taxes-eu/
capt ajit vadakayil
..
http://timesofindia.indiatimes.com/india/gst-a-new-beginning-new-path-for-our-economy-pm-narendra-modi-at-chartered-accountants-event/articleshow/59402009.cms
WHY ARE YOU GOING THROUGH THE MOTIONS PM MODI ?......
TILL A BLOGGER WROTE A 33 PART POST ON SHELL COMPANIES, NOBODY DID ANYTHING .......
EVERY RICH MAN IN INDIA OPERATED SHELL COMPANIES TO EVADE TAX, LAUNDER MONEY AND SIPHON OFF FUNDS ABROAD................
go0gle for the blogpost below-------
............................................ SHELL COMPANIES for money laundering, tax evasion, hiding kickbacks, layering PART 33 VADAKAYIL .................................
capt ajit vadakayil
..
WHY ARE YOU GOING THROUGH THE MOTIONS PM MODI ?......
TILL A BLOGGER WROTE A 33 PART POST ON SHELL COMPANIES, NOBODY DID ANYTHING .......
EVERY RICH MAN IN INDIA OPERATED SHELL COMPANIES TO EVADE TAX, LAUNDER MONEY AND SIPHON OFF FUNDS ABROAD................
go0gle for the blogpost below-------
............................................ SHELL COMPANIES for money laundering, tax evasion, hiding kickbacks, layering PART 33 VADAKAYIL .................................
capt ajit vadakayil
..
http://economictimes.indiatimes.com/news/economy/policy/registration-of-1-lakh-cos-cancelled-37000-shell-firms-identified-pm-modi/articleshow/59402192.cms
HOW COME MODI IS GIVING AWARDS TO BIG FISH -- WHO HAVE LOOTED THE WATAN ABD INFLICTED A THOUSAND CUTS ON BHARATMATA ?
IT IS TIME TO PUT CHARTERED ACCOUNTANTS IN JAIL ! UNLESS THEY BECOME WHISTLE BLOWERS !! IN INDIA ONLY JAIL WORKS !!!
http://timesofindia.indiatimes.com/business/india-business/govt-restricts-multiple-layers-of-cos-norms-to-apply-prospectively-exempt-foreign-firms/articleshow/59393742.cms
THERE ARE LAKHS OF SHELL COMPANIES --ONLY 4700 HAS BEEN IDENTIFIED-- BASSSSS ?
http://www.hindustantimes.com/india-news/live-gst-comes-into-effect-modi-addresses-cas-in-delhi/story-yeSw2WrNtvA7s4jPbMU7mJ.html
http://timesofindia.indiatimes.com/business/india-business/1-lakh-deregistered-companies-to-face-more-heat/articleshow/59416402.cms
TILL THIS BLOGSITE WROTE A 33 PART SERIES ON SHELL COMPANIES -- ALL WAS HUNKY DORY
THESE SHELL COMPANIES INFLICTED A MILLION CUTS ON BHARATMATA --ALL KNEW IT-- NOBODY CARED
WHEN PEOPLE FILE IT RETURNS--THERE MUST BE A DECLARATION SECTION , WHERE SHELL COMPANIES OPERATED MUST BE DECLARED
PUNISHMENT FOR NON-DECLARATION MUST BE --TEN YEARS IN JAIL
http://ajitvadakayil.blogspot.in/2017/03/shell-companies-for-money-laundering_31.html
TRAITORS WHO BLED BHARATMATA ALONG WITH ENRON WERE REWARDED BY MODI .
ONLY THIS BLOGSITE WRITE ABOUT ENRON DECEIT -- OUR ROTHSCHILD CONTROLLED MEDIA IS FIT ONLY FOR BOLLYWOOD , CRICKET AND HINDI HEARTLAND POLITICS
WE WATCH
PUT THIS COMMENT IN MODIs WEBSITE--ASK FOR AN ACK
TILL THIS BLOGSITE WROTE A 33 PART SERIES ON SHELL COMPANIES -- ALL WAS HUNKY DORY
THESE SHELL COMPANIES INFLICTED A MILLION CUTS ON BHARATMATA --ALL KNEW IT-- NOBODY CARED
WHEN PEOPLE FILE IT RETURNS--THERE MUST BE A DECLARATION SECTION , WHERE SHELL COMPANIES OPERATED MUST BE DECLARED
PUNISHMENT FOR NON-DECLARATION MUST BE --TEN YEARS IN JAIL
http://ajitvadakayil.blogspot.in/2017/03/shell-companies-for-money-laundering_31.html
TRAITORS WHO BLED BHARATMATA ALONG WITH ENRON WERE REWARDED BY MODI .
ONLY THIS BLOGSITE WRITE ABOUT ENRON DECEIT -- OUR ROTHSCHILD CONTROLLED MEDIA IS FIT ONLY FOR BOLLYWOOD , CRICKET AND HINDI HEARTLAND POLITICS
WE WATCH
PUT THIS COMMENT IN MODIs WEBSITE--ASK FOR AN ACK
- http://timesofindia.indiatimes.com/india/beijing-using-doklam-to-arm-twist-delhi-on-obor/articleshow/59416451.cms
CHINA HAD FAILED TO RECOGNISE THAT INDIA IS HER NEIGHBOUR......... CHINA SPAT ON MODIs EXTENDED HAND OF FRIENDSHIP....... THERE WILL BE SEVERE RETRIBUTION ON INDIAs TERMS AND TIMETABLE....
THE ENTIRE WESTERN PART OF CHINA AND TIBET ONCE BELONGED TO INDIA...ALONG WITH MOUNTH KAILASH... INDIA WILL TAKE IT BACK...
TARGET EIGHT EASTERN CITIES OF CHINA, AND CHINA IS FINISHED ...
CHINESE ECONOMY IS A BUBBLE WITHIN A BUBBLE..
BIG MISTAKE CHINA !
capt ajit vadakayil
.. -
http://timesofindia.indiatimes.com/india/beijing-using-doklam-to-arm-twist-delhi-on-obor/articleshow/59416451.cms
CHINESE ECONOMY IS SINKING.. A BUBBLE WITHIN A BUBBLE….
CHINA KO L0DA LAGNE WAALAH HAI…
CHINAs SURVIVAL DEPENDS ON OBOR…..CHINAs DEBT TO GDP RATIO IS A SHOCKING 400 % (total Chinese debt at all levels (household, corporate, bank and government)) .....
Construction and debt is driving China's growth.. Chinese Government rely on infrastructure development to sustain artificial growth.. China has a 7.9 trillion USD shadow banking sector…
On May 24th 2017 , the rating agency Moody’s downgraded China’s credit rating for the first time since 1989 on concerns over rising debt and slowing economic growth…
The IMF forecast China’s gross domestic product to grow 6.7 per cent this year --the real rate is just 3.9%..
Most of the debt is coming from the Chinese corporate sector. Unlike USA these are mostly state-owned enterprises, controlled by the Chinese government.....
It does not include the WMPs, which are technically investments kept off the balance sheets of the book. A wealth management product is an uninsured financial product sold in China by banks and other financial institutions. Typically they offer a high rate of interest, and, sometimes, guaranteed return. ..
It also does not include provincial obligations that take the form of guarantees. Those will have to be bailed out by Beijing…
Chinese banks rely on sales of new WMPs to redeem the old ones at maturity. Today, when a customer wants his money back, the bank sells a new WMP, and uses that money to cash out the redeeming customer. ..
The banks use sales of WMPs to invest in the riskiest development projects and state-owned enterprises (SOEs) on the edge of bankruptcy…
The new investor steps into the shoes of the old with the same bad underlying investment…
These institutions behind these projects, financed by the original WMPs, cannot repay them. So most of the WMPs will never be repaid…
That means they may have to be bailed-out by the government when the bubble bursts-- when the system finally crumbles…
Chinese WMPs’ are the greatest Ponzi scheme in history—a scheme devised by MAD MEN ..
WMPs are something like the collateralized debt obligations (CDOs)-- the pooled assets – such as mortgages, bonds and loans – are essentially debt obligations that serve as collateral for the CDO…
Much of Chinese debt is denominated in U.S. dollars so the situation is made even worse by the strong dollar and the global dollar shortage. Both of those factors make dollar-denominated debt much harder to repay…
The debt system is propped up — for now — by more debt and dishonest Chinese state accounting. If the banks were forced to write-down bad loans, the system would have collapsed a long time ago…
LIKE BIHARI EXAM TOPPER CHEATS--…HOW LONG WILL CHINA CHEAT BY TABULLASSSANN ?....
But one dysfunction that cannot be finessed is cash-flow. As every entrepreneur and small businessperson knows, cash never lies. You either have it or you don’t…
Because of excessive debt and inability to pay, cash flow problems are now reaching epidemic proportions in China….
Clearly there are no easy answers to China’s debt problem…
The only painless escape would be on a wave of economic growth-- and China thinks their OBOR road will solve it ( DUMPING GOODS ) -- B A LL S IT WILL TAKE OFF !...
China is faced with a mountain of unpayable debt, weaker growth, and a stronger dollar that will make the debt even harder to repay. The Chinese credit bubble has only one feasible solution, China must use its hard currency reserves to bail-out the entire banking and SOE sector and try to start over with a relatively clean balance sheet….
USA HAS 20 TRILLION USD DEBT--WHICH JEW OBAMA NEVER SPOKE ABOUT DURING HIS TWO TERMS OF PRESIDENCY. ..
The G7 nations are a bunch of beggars -- Canada, France, Germany, Italy, Japan and the UK….
ONLY INDIA HAS A HEALTHY ECONOMY….
CONTINUED TO 2
-
CONTINUED FROM 1-
OUR GROWTH TODAY IS 10.1 % .. OUR TRAITOR MAIN STEAM MEDIA AND THEIR FOREIGN PAYROLL DESH DROHIS LOVES TO RUN DOWN INDIAs ECONOMY…
Currently, Chinese shadow banks fund approximately 24 % of Chinese debt…
With the global slowdown, many of China’s factories closed resulting in approximately 20 million workers unemployed. China’s leaders responded by instituting a $600 billion stimulus plan to build and boost the nation’s infrastructure and provide jobs to its people and dump these goods on the OBOR road…
For the next few years China is unlikely to manage growth rates above 3.8% on an average—hence this headlong rush into ONE BELT ONE ROAD….
Stimulus is becoming less effective, requiring four units of credit for each unit of growth. If this trend continues, China and its local government entities will pay much more in order to borrow and ultimately get a lower return on every unit borrowed..
If interest rates in the United States continue to rise, funds will flee China, causing immense capital outflows. If President Trump imposes tariffs on Chinese goods into the United States, this will reduce demand causing China’s economy to slow down--OBOR road or no OBOR road…
China’s growth has been largely driven by investment, but this has started to slow because of declines in infrastructure and property investment…
Recent Chinese growth has primarily been driven by the real estate bubble, and that too in second tier cities. First tier cities are saturated and they don’t want negative publicity from western tourists …
The Chinese have a middle-class of several hundred million people with a high propensity to save. Most Chinese don’t get to invest overseas, so they are limited to real estate, gold and local investment products, mostly sold through banks…
When customers go into a bank, they are offered a standard bank deposit paying about 2%, or a “wealth management product,” (WMP) that pays about 8%....
Many customers naturally take the 8% return and invest in bank-managed WMPs. Customers believe the WMPs are guaranteed by the bank or the government. They’re not — WMPs are just unsecured investments….
Along with wealth management products from banks, online lenders are jumping into the game, adding to the risks. There are PONZI online Chinese finance companies fleecing merrily…
China has depended on debt to grow its economy. China uses debt as the key mechanism to build its infrastructure and expand businesses… However, the problem is that private and public debt are not only linked, but that both are growing at unsustainable rates . To expand their operations and be competitive, businesses borrow through bank loans and issuing bonds. ….
This expansive lending has occurred for over a decade resulting in $23,600 in bank loans, bonds, and other debt obligations for each person in China. The problem is that businesses in China are state-owned enterprises (SOEs) run and owned by the government in order to keep people working. ..
Loans come mainly from state-owned banks resulting in money being shifted from one pocket to another in the Chinese government accounting methodology…
Compounding matters is that Chinese businesses often guarantee each other’s loans and debt obligations. This way of doing business makes it easier for a company to obtain a loan that would otherwise be very difficult. The state-owned banks complicate this situation by lending primarily to SOEs since they have implied governmental guarantees….
There is also the role of shadow banking. Shadow banking is bank-mediated business-to-business loans, allowing lending to occur when a potential borrower has been refused by a Chinese bank or not able to float a bond offering..
Mortgage lending has increased sharply, and made up the largest share of bank loans..
Shadow banking is booming in China..
Chinese growth ( unlike India ) is still driven mainly by debt-fuelled spending and exports..
CONTINUED TO 3-- -
CONTINUED FROM 2-
China has an insatiable demand for credit. With stringent controls on banking activities, shadow banking had spiraled high with a debt-to-GDP ratio climbing to a towering 300%. China will NOT admit this…
China is now this planets No 1 in shadow-banking asset and No 1 in the shadow-banking sector…
The most popular forms of shadow banking, are so-called entrusted loan agreements and trust loans. Under the former, a company lends money to another firm with the bank as the middleman, while for the latter, banks use money raised from wealth-management products to invest in a trust plan, with the proceeds eventually going to a corporate borrower…
Shadow banking, a term for financial agents that perform bank-like activity but are not regulated as banks, has boomed in China,as a way of circumventing government's tight controls on lending. This has been a key driver of the breakneck growth in debt in the economy..
China is doing endless propaganda about its Eurasian connectivity scheme,-- the One Belt One Road (OBOR), or the Belt Road Initiative (BRI)…
There is this land-based "Silk Road Economic Belt" (SREB) and the oceangoing "Maritime Silk Road" (MSR)…
India does NOT benefit from the land based connectivity—and we don’t need China’s permission to use the sea..
The strategy underlines China's push to take a larger role in global affairs, and the desire to coordinate manufacturing capacity with other countries—in reality DUMPING their goods which they keep producing to show some GDP growth …
2017 will see over 2,000 trains travel from a dozen Chinese cities to over 20 European destinations on newly built lines and tunnels in Central Asia. Its primary goal is to integrate the rich European economy with that of China….
The shorter term goal is for China to emerge as the dominant regional power in its neighborhood—never mind its humongous debt . China's total debt is equivalent to more than 300 % of its nominal GDP…
Paying off that debt requires growth, but the growth itself is fueled by more debt. China is now at the point where enormous new debt is required to achieve only modest new growth. This is clearly non-sustainable….
You’re a middle-class Chinese saver and you walk into a bank. They offer you two investment options. The first is a bank deposit that pays about 2%. The other is a WMP ( wealth management products ) that pays about 7%. …
In the past ten years, bank customers have chosen almost $12 trillion of WMPs. That might be fine if WMPs were like high-quality corporate or municipal bonds. They’re not. They’re more like the biggest Ponzi scheme in history….
What happens when a WMP matures? Usually the bank customer is encouraged to rollover the investment into a new WMP. What happens if the customer wants her money back? The bank sells a new WMP to another customer, then uses those sales proceeds to redeem the first customer. The new customer now steps into the shoes of the first customer with the same pile of bad debt. That’s where the Ponzi dynamic comes in….
Simply put, most of the debts backing up the WMPs cannot be repaid, which means it’s just a matter of time before the WMP market goes into a full meltdown and triggers a banking panic….
Finally, there is an infrastructure bubble. China has kept its growth engine humming mostly with investment instead of aggregate demand from consumers….
China projected false growth rates by currency manipulation and shadow banking. Chinese economy is run by MAD men. Ghost cities of China are an example of that which no society should imitate….
About half of China’s investment in the past ten years has been wasted on “ghost cities,” white elephant transportation facilities, and prestige projects that look good superficially, but that don’t produce enough revenue or efficiencies to pay for themselves. Much of this investment was financed with debt. If the project itself is not revenue producing then the associated debt cannot be repaid, and will go into default….
CONTINUED TO 4 -
CONTINUED FROM 3-
The toxic combination of government debt, corporate debt, WMPs, and unrealistic growth expectations have set up China for the greatest market crash in history…
The tail wags the Chinese dog . To achieve the goal of “power projection”, China started to build the huge piles of forex reserves (Treasury bonds). They did not even bother if the main portion of their money is getting locked in USA’s Treasury bonds. …
China is the biggest holder of USA Treasury bonds. Why would a country hold so much of bonds of other countries? The answer is, “to manipulate”. Interestingly when China holds USA Treasury bonds, the return on those bonds are mere 1%. . The best way to arm twist USA is to pump-or-pull these money holdings at will….
With aging, infra and the majority of funds locked in 1% type of investments, Chinese premier gets a CHINKERILAL KE RANGEEN SAPNE . And the dream is “OBOR”…
India’s geographical location is a huge advantage, especially for the maritime leg of the OBOR scheme in the IOR…
We will build our own ports in the south west tip of India to snuff out Singapore and Colombo..
Under OBOR Initiative, hefty amount of loans will be pumped into the developing countries. This will benefit China and NOT these nations who will receive these Chinese loans….
This is intended to generate demand for the sale of products of Chinese steel mills, cement plants and construction companies, which could help this country to maintain employment at home intact. China to bring the neighbouring countries within its economic orbit and thereby maintain regional hegemony…
Once a country falls in China’s debt trap, it becomes far difficult to get out of it….
China uses its clout on the aid receiving countries to pressurize them to work in its own interest. It was on this ground that Cambodia, Laos, Myanmar and Thailand were pressurized by China to desist from forming common stand against its territorial claims in South China Sea….
Sri Lanka’s government decided to sell 80 per cent stakes in Hambantota port to China for US $ 1.1 billion. In order to ensure that the aid-recipient countries do not escape its debt trap, China reschedules repayment in exchange for major new contracts by giving kickbacks to corrupt politicians …
Often, dumping of goods by China in the loan-recipient countries negatively impact the growth of local industries, which takes away the jobs of the local workers. Bribery by the Chinese companies in the loan-recipient countries is well known….
OBOR initiative is more as a means of commercial penetration and attaining strategic leverage with neo-colonial designs—and Jew Rothschild / Bilderberg Club is part of this scheme….
Jew Rothschild wants to project China as the only force to contain the USA, globally. Chinese communism was CREATED by Jew Rothschild….
1% return on its locked-money is China’s Achilles heel and OBOR is its remedy….
There has been NO risk assessment by bribed leaders -- Anti-dumping rules must be clear….
The greatest threat to Chinese output in the manufacturing sector in India…
CHINESE ECONOMY IS RUN BY MAN MEN WHO HAVE NO IDEA OF THE BASIC PRINCIPLES OF ECONOMICS..
China’s GDP growth was 6.7 % ( INFLATED ) last year, the lowest for 26 years…. Chinese economy is credit-driven—and hence the headline GDP figures cannot be trusted nor can the growth be trusted . This is commonsense . Half wits ( 99% celebrated Rothschild’s economists are ) cannot understand this..
The Chinese National Bureau of Statistics (NBS), is in cahoots with mad men who cook up fake statistics…
Hot money trapped inside China is blowing up financial bubbles rather than going into productive investments. There is nothing sustainable about the current ‘stabilisation’ of the economy; it has been achieved by inflating new debt-financed bubbles (housing and commodities) to fill the gap left by the collapse of the previous bubble (stock market)…
CONTINUED TO 5-- -
CONTINUED FROM 4-
GST IS NOW DONE …..WHEN INCOME TAX IS REPLACED BY BANKING TRANSACTION TAX INDIAs GROWTH WILL HIT A MINDBOGGLING 12.1 %. …….YET ON TV WE CAN SEE DESH DROHI BENAMI MEDIA BARONS TRYING TO INSINUATE THAT INDIANs GROWTH IS VERY LESS …
China has borrowed a lot from the future, and the payback will be in the form of a significant slowdown in growth rates—dimwits like Friedman and Amartya Sen will never understand this..
More than 18 % of China's GDP is housing-related…
The mad men in the Chinese Government has a tendency to rely on infrastructure development to sustain growth in the long term…
China’s economy is not just about providing jobs, goods and services. It is about regime survival for a Chinese Communist Party that faces existential risk if they stumble…
Local banks are struggling with non-performing debt rapidly increasing. Non-bank financial institutions referred to as the “shadow banking system” are spreading, with little regulation or recognition of the risks….
With reduced global trade, China began to lose competitiveness in the market place. Inflation of the money supply in the Chinese economy required higher wages to offset rising prices..
INDIA IS THIS PLANETs HEALTHIEST ECONOMY…
China kick started its economy by taking advantage of low wages to sell products they could produce themselves to advanced economies…
THERE WILL SOON BE A REVOLUTION IN THE WEST OF CHINA.. THE CHINESE MUSLIMS WILL TRIGGER THIS…
There is unemployment, and the people are poor in the west of china and internal china.. east coast of China is NOT China
CHINA IS ON THE BRINKS OF MASSIVE SOCIAL AND POLITICAL UNREST IN THE WEST OF CHINA…
China’s success with boosting low-cost goods in advanced economies resulted in an investment boom by Westerners in China. ..
25 years ago my wife asked me-- HOW COME WE GET ONLY CHINESE SHIT STUFF IN US MALLS?...
China has a massive industrial system linked to the appetites of the United States and Europe. It is losing competitive advantage at the same time that political systems in some of these countries are generating new barriers to Chinese exports--whether JEW ROTHSCHILD likes it or not…
If India boycotts Chinese goods—China is in deep shit…
It will be a long time before the Chinese economy generates enough demand to consume what its industrial system can produce…
Economically, China needs a powerful recession to get rid of businesses being kept alive by loans. Politically, China can’t afford the cost of unemployment. ..
Trump had threatened to label China a currency manipulator and impose hefty tariffs on imports of Chinese goods…
President Donald Trump is threatening the one thing that China cannot withstand: limits on China’s economic links to the United States. ..
Faced with this same problem in the past, Japan turned into a low-growth, but stable, country. But Japan did not have 1 billion impoverished people to deal with, nor did it have a history of social unrest and revolution….
In reality is reality. China no longer is the top owner of U.S. government debt; Japan is…
POOR CHINA….
THROW A CHAPPATI PIECE IN THEIR GENERAL DIRECTION……
Capt ajit vadakayil
..
-
http://www.thehindu.com/todays-paper/deregistered-firms-to-face-money-laundering-probe/article19207055.ece
GOING THROUGH THE MOTIONS
THE BIGGEST FISH HAS BEEN AWARDED PADMA VIBHUSHAN BY MODI
GOING THROUGH THE MOTIONS
THE BIGGEST FISH HAS BEEN AWARDED PADMA VIBHUSHAN BY MODI
http://www.businessinsider.in/Vijay-Mallya-used-13-shell-companies-to-launder-over-Rs-1300-crore-says-ED/articleshow/59590932.cms
WHAT ABOUT BIGGER FISH ?
WHAT ABOUT BIGGER FISH ?
http://www.dnaindia.com/business/report-registrations-of-over-162-lakh-companies-cancelled-gangwar-2506058
GOING THROUGH THE MOTIONS
IT TOOK A BLOGGER TO WRITE A 33 PART SHELL SERIES --BEFORE THE GOVT OPENED ITS EYES
THE WHOLE WORLD KNEW ABOUT SHELL COMPANIES
INDIA DID NOT KNOW !
http://ajitvadakayil.blogspot.in/2017/03/shell-companies-for-money-laundering_31.html
GOING THROUGH THE MOTIONS
IT TOOK A BLOGGER TO WRITE A 33 PART SHELL SERIES --BEFORE THE GOVT OPENED ITS EYES
THE WHOLE WORLD KNEW ABOUT SHELL COMPANIES
INDIA DID NOT KNOW !
http://ajitvadakayil.blogspot.in/2017/03/shell-companies-for-money-laundering_31.html
http://timesofindia.indiatimes.com/city/mumbai/ipl-fema-violation-case-ed-summons-shah-rukh-khan/articleshow/59686070.cms
ALL THE GOVT NEEDS TO DO IS TO CHECK THE IPL PAST CONTRACTS
CLEAR INFORMATION IS AVAILABLE ABOUT THE SHELL COMPANIES RUN BY OWNERS AND BENAMI OWNERS
IT IS SO EASY TO NAB THEM
BUT HEY-- OUR GOVT IS GOING THROUGH THE MOTIONS -- SEE THEY ARE BABES IN THE WOODS
WE WATCH
capt ajit vadakayil
..
ALL THE GOVT NEEDS TO DO IS TO CHECK THE IPL PAST CONTRACTS
CLEAR INFORMATION IS AVAILABLE ABOUT THE SHELL COMPANIES RUN BY OWNERS AND BENAMI OWNERS
IT IS SO EASY TO NAB THEM
BUT HEY-- OUR GOVT IS GOING THROUGH THE MOTIONS -- SEE THEY ARE BABES IN THE WOODS
WE WATCH
capt ajit vadakayil
..
-
http://www.newindianexpress.com/nation/2017/jul/22/ndtv-withheld-information-on-shell-companies-from-it-department-itat-1632261--1.html
GOING THROUGH THE MOTIONS-- EVERY IPL CRICKET OWNER DECLARED IN THE CONTRACT --THEIR SHELL COMPANIES
NOT A SINGLE BIG FISH HAS BEEN NABBED TILL NOW
ALL FAALTHU TALK -
http://www.sify.com/finance/india-was-funded-by-invisible-money-for-70-years-jaitley-news-news-rhwlLyfbgdfhi.html
ECONOMIC CRIMINALS MUST BE JAILED
JAIL PRANNOY JAMES ROY-- NOW !
http://timesofindia.indiatimes.com/business/india-business/26-chartered-accountants-under-lens-amid-shell-cos-crackdown/articleshow/59740558.cms
ONLY 26 --BASSSSS ?
IT SHOULD HAVE BEEN 10,000
ONLY 26 --BASSSSS ?
IT SHOULD HAVE BEEN 10,000
http://www.thehindubusinessline.com/opinion/cas-have-not-covered-themselves-in-glory/article9797334.ece
IT TOOK A 33 PART SHELL COMPANY BLOG POST SERIES FOR THE "PRETENDING TO SLEEP " GOVT TO WAKE UP...
http://ajitvadakayil.blogspot.in/2017/03/shell-companies-for-money-laundering_31.html
IT TOOK A 33 PART SHELL COMPANY BLOG POST SERIES FOR THE "PRETENDING TO SLEEP " GOVT TO WAKE UP...
http://ajitvadakayil.blogspot.in/2017/03/shell-companies-for-money-laundering_31.html
http://www.business-standard.com/article/companies/rs-40-000-cr-tax-liability-for-shell-companies-from-kolkata-117081000790_1.html
http://www.moneycontrol.com/news/business/markets-business/investigation-agencies-identified-13000-shell-companies-before-sebi-ban-say-sources-2358015.html
MODI JUST STIRS THE POT FOR VOTES
NOT A SINGLE BIG FISH HAS BEEN JAILED --HIS TENURE IS GETTING OVER
KASHMIRI PANDITS WERE BETTER OF DURING THE TIME OF THE ITALIAN WAITRESS
http://www.moneycontrol.com/news/business/markets-business/investigation-agencies-identified-13000-shell-companies-before-sebi-ban-say-sources-2358015.html
MODI JUST STIRS THE POT FOR VOTES
NOT A SINGLE BIG FISH HAS BEEN JAILED --HIS TENURE IS GETTING OVER
KASHMIRI PANDITS WERE BETTER OF DURING THE TIME OF THE ITALIAN WAITRESS
http://timesofindia.indiatimes.com/city/mumbai/maharashtra-spent-rs-1800cr-on-ghost-students-in-5-years/articleshow/60078937.cms
WHEN JYOTI BASU WAS CM OF WEST BENGAL
ONE OF MY SENIORS WHO WAS IN A TOP RANKK IN CALCUTTA PORT --SHOWED ME PROOF
HUNDREDS OF "GHOST WORKERS " WERE DRAWING SALARIES AND PENSIONS
HE SHOWED ME FINANCIAL RECORDS-- THERE ARE 50 SKILLED WORKES TO MAKE FENDERS FOR QUAYS .
THE REALITY WAS NOT EVEN ONE EXISTED .
COMPUTERIZE EVERY GOVT JOB SALARY / PENSION IS WEST BENGAL
THESE GHOST SALARIES/ PENSIONS WERE SIPHONED OFF VIA SHELL COMPANIES TO THE POCKETS OF COMMIE LEADERS - WHO PRETEND TO BE GREAT CHAMPIONS OF THE POOR
THESE ARE ATHEIST BASTARDS WITH NO SOUL
capt ajit vadakayil
..
WHEN JYOTI BASU WAS CM OF WEST BENGAL
ONE OF MY SENIORS WHO WAS IN A TOP RANKK IN CALCUTTA PORT --SHOWED ME PROOF
HUNDREDS OF "GHOST WORKERS " WERE DRAWING SALARIES AND PENSIONS
HE SHOWED ME FINANCIAL RECORDS-- THERE ARE 50 SKILLED WORKES TO MAKE FENDERS FOR QUAYS .
THE REALITY WAS NOT EVEN ONE EXISTED .
COMPUTERIZE EVERY GOVT JOB SALARY / PENSION IS WEST BENGAL
THESE GHOST SALARIES/ PENSIONS WERE SIPHONED OFF VIA SHELL COMPANIES TO THE POCKETS OF COMMIE LEADERS - WHO PRETEND TO BE GREAT CHAMPIONS OF THE POOR
THESE ARE ATHEIST BASTARDS WITH NO SOUL
capt ajit vadakayil
..
http://www.indiainfoline.com/article/general-editors-choice/shell-companies-govt-unearths-over-3-lakh-shell-companies-will-markets-see-more-shocks-117081600183_1.html
WHY DID THE GOVT WAIT TILL A BLOGGER WROTE A 33 PART SERIES ON SHELL COMPANIES
WE WANT BIG FISH WHO TOOK KICKBACKS FROM ENRON TO BE JAILED
http://ajitvadakayil.blogspot.in/2017/03/shell-companies-for-money-laundering_31.html
CALCUTTA SHELL COMPANIES 60 YEARS AGO, EBLONGED TO JEW ROTHSCHILDs OPIUM AGENTS
http://timesofindia.indiatimes.com/business/india-business/cracking-down-on-black-money-scrutiny-of-shell-firms-stepped-up/articleshow/60086235.cms
WHY DID THE GOVT WAIT TILL A BLOGGER WROTE A 33 PART SERIES ON SHELL COMPANIES
WE WANT BIG FISH WHO TOOK KICKBACKS FROM ENRON TO BE JAILED
http://ajitvadakayil.blogspot.in/2017/03/shell-companies-for-money-laundering_31.html
CALCUTTA SHELL COMPANIES 60 YEARS AGO, EBLONGED TO JEW ROTHSCHILDs OPIUM AGENTS
http://timesofindia.indiatimes.com/business/india-business/cracking-down-on-black-money-scrutiny-of-shell-firms-stepped-up/articleshow/60086235.cms
WE ASK PM MODI
THERE ARE MANY GODMEN IN INDIA SPONSORED BY JEW ROTHSCHILDs AGENTS -- WHO HAVE FOREIGN CENTRES
ALMOST ALL OF THEM RUN SHELL COMPANIES TO LAUNDER BLACK MONEY --AND THEY FEEL THAT THEY ARE IMMUNE TO ANY CHECK BY THE GOVT
MOTHER THERESA RAN HER FINANCIAL EMPIRE USING SHELL COMPANIES
http://ajitvadakayil.blogspot.in/2011/02/diabolical-ministering-angel-mother.html
PUT THIS COMMENT IN PMO, PM MODIs, FINANCE MINISTERs, LAW MINISTERs WEBSITES
THERE ARE MANY GODMEN IN INDIA SPONSORED BY JEW ROTHSCHILDs AGENTS -- WHO HAVE FOREIGN CENTRES
ALMOST ALL OF THEM RUN SHELL COMPANIES TO LAUNDER BLACK MONEY --AND THEY FEEL THAT THEY ARE IMMUNE TO ANY CHECK BY THE GOVT
MOTHER THERESA RAN HER FINANCIAL EMPIRE USING SHELL COMPANIES
http://ajitvadakayil.blogspot.in/2011/02/diabolical-ministering-angel-mother.html
PUT THIS COMMENT IN PMO, PM MODIs, FINANCE MINISTERs, LAW MINISTERs WEBSITES
http://www.firstpost.com/business/shell-companies-builders-brokers-bollywood-under-scanner-for-black-money-bonhomie-3927773.html
CHECK OUT IPL OWNERS AND THEIR SHELL COMPANIES
IT IS THERE ON THEIR CONTRACTS
CHECK OUT IPL OWNERS AND THEIR SHELL COMPANIES
IT IS THERE ON THEIR CONTRACTS
http://www.moneycontrol.com/news/business/economy/govt-dossier-lists-17000-companies-as-main-conduits-for-funneling-dirty-money-after-demonetisation-2370127.html
GOING THROUGH THE MOTIONS
STIRRING THE POT FOR VOTES
NOT ONE SINGLE BIG FISH IS IN JAIL
MY 33 PART SHELL COMPANY BLOG SERIES HAS GONE IN VAIN- IT IS USED TO MILK VOTES
http://ajitvadakayil.blogspot.in/2017/03/shell-companies-for-money-laundering_31.html
ALL NATIONS HAVE SCREWED THE PANAMA PAPERS CULPRITS EXCEPT INDIA-- WE KNOW WHY APCO MODI !
GOING THROUGH THE MOTIONS
STIRRING THE POT FOR VOTES
NOT ONE SINGLE BIG FISH IS IN JAIL
MY 33 PART SHELL COMPANY BLOG SERIES HAS GONE IN VAIN- IT IS USED TO MILK VOTES
http://ajitvadakayil.blogspot.in/2017/03/shell-companies-for-money-laundering_31.html
ALL NATIONS HAVE SCREWED THE PANAMA PAPERS CULPRITS EXCEPT INDIA-- WE KNOW WHY APCO MODI !
http://timesofindia.indiatimes.com/india/directors-of-deregistered-shell-firms-face-up-to-10-year-jail-term-for-siphoning-off-funds/articleshow/60395520.cms
ONLY LONG TERM JAIL TERMS CAN SAVE INDIA FROM THE SCOURGE OF SHELL COMPANIES..
THESE BASTARDS DONT CARE FOR FINES..
IT TOOK CAPT AJIT VADAKAYIL A 33 PART SHELL COMPANIES POST TO WAKE UP "PRETENDING TO SLEEP" JUDICIARY/ EXECUTIVE/ LEGISLATURE/ MEDIA.
THE REASON ?
ALL 4 PILLARS OF INDIA DEMOCRACY RAN SHELL COMPANIES.
ALMOST ALL RICH INDUSTRIALIST / DOCTORS / ENGINEERS/ LAWYERS ETC RAN SHELL COMPANIES.
ENRON WAS ALLOWED TO FLEECE BHARATMATA --AND NOBODY CARED.
http://ajitvadakayil.blogspot.in/2017/03/shell-companies-for-money-laundering_31.html
EVEN BANKS RAN SHELL COMPANIES WITH THE CONNIVANCE OF POLITICIANS
capt ajit vadakayil
..
ONLY LONG TERM JAIL TERMS CAN SAVE INDIA FROM THE SCOURGE OF SHELL COMPANIES..
THESE BASTARDS DONT CARE FOR FINES..
IT TOOK CAPT AJIT VADAKAYIL A 33 PART SHELL COMPANIES POST TO WAKE UP "PRETENDING TO SLEEP" JUDICIARY/ EXECUTIVE/ LEGISLATURE/ MEDIA.
THE REASON ?
ALL 4 PILLARS OF INDIA DEMOCRACY RAN SHELL COMPANIES.
ALMOST ALL RICH INDUSTRIALIST / DOCTORS / ENGINEERS/ LAWYERS ETC RAN SHELL COMPANIES.
ENRON WAS ALLOWED TO FLEECE BHARATMATA --AND NOBODY CARED.
http://ajitvadakayil.blogspot.in/2017/03/shell-companies-for-money-laundering_31.html
EVEN BANKS RAN SHELL COMPANIES WITH THE CONNIVANCE OF POLITICIANS
capt ajit vadakayil
..
Dear Ajit,
Here is a link on the government action on shell companies - http://www.thehindu.com/news/national/shell-shock-govt-names-and-shames-directors/article19710912.ece
After your series on shell companies, the government is finally taking action.
Further; I have send your comments to the Water Ministry and Nitin Gadkari.
Regards
Aneesh Somanath
Here is a link on the government action on shell companies - http://www.thehindu.com/news/national/shell-shock-govt-names-and-shames-directors/article19710912.ece
After your series on shell companies, the government is finally taking action.
Further; I have send your comments to the Water Ministry and Nitin Gadkari.
Regards
Aneesh Somanath
-
A FEW YEARS AGO I SAW SUHEL SETH BOASTING ON TV THAT HE IS DIRECTOR OF MANY COMPANIES AND THAT HE COSTS A BOMB..
WE WATCH
IT TOOK A 33 PART BLOG SERIES ON SHELL COMPANIES TO MAKE THE GOVT MOVE THEIR ASSES ..
http://ajitvadakayil.blogspot.in/2017/03/shell-companies-for-money-laundering_31.html
POLITICAL DONATIONS COME VIA SHELL COMPANIES
For ages, tax cheats have been feeding politicians part of their ill-gotten wealth in return of the promise that rest of their loot will be untouched by the state machinery.
In USA EVIL PHARMA uses shell companies to let them evade longstanding campaign finance disclosure laws.
US political donors use limited liability companies as “ghost corporations” to fund super PACs and even campaign committees
In India MCA ( Ministry of Corporate affairs ) cancelled the registration of around 2,09,032 defaulting companies and the Ministry of Finance directed banks to restrict operations of bank accounts of such companies by the directors of such companies or their authorized representatives. Following this, MCA has identified 1,06,578 directors for disqualification under Section 164(2)(a) of the Companies Act, 2013, as on 12 September 2017.
Almost all shell companies hold assets only on paper and not in reality. These companies conduct almost no economic activity.
There are about 1.5 million registered companies in India, --- only 590,000 companies file their annual return.
NAME AND SHAME BY ALL MEANS
ONLY LONG JAIL TERMS WORKS IN INDIA !capt ajit vadakayil
..
-
http://www.livemint.com/Companies/OiGrM24CxcGUdT94Tk6nAJ/Govt-blacklists-300000-directors-of-shell-companies.html
SUHEL SETH WAS THE DIRECTOR OF SEVERAL ARTY FARTY COMPANIES
MAYBE HE CAN HELP MODI ? -
http://www.asianage.com/business/economy/260917/after-shell-companies-centre-to-scrutinise-10-lakh-active-firms.html
NOT A SINGLE BIG FISH IS IN JAIL
MODI KEEPS THE POT BOILING FOR MILKING VOTES
https://timesofindia.indiatimes.com/business/india-business/taxmen-unearth-mega-fund-routing-after-demonetisation/articleshow/60978203.cms
THE PROBLEM WITH INDIA IS WE HAVE IDIOTS WITH SHIT FOR BRAINS MANNING OUR THINK TANKS'
read all 33 parts of the post below--
http://ajitvadakayil.blogspot.in/2017/02/shell-companies-for-money-laundering.html
THE PROBLEM WITH INDIA IS WE HAVE IDIOTS WITH SHIT FOR BRAINS MANNING OUR THINK TANKS'
read all 33 parts of the post below--
http://ajitvadakayil.blogspot.in/2017/02/shell-companies-for-money-laundering.html
SLAVERY AND JEW ROTHSCHILD GO TOGETHER
http://ajitvadakayil.blogspot.in/2010/04/indentured-coolie-slavery-reinvented.html
http://ajitvadakayil.blogspot.in/2012/05/black-african-slave-trade-and-jews-capt.html
AFTER THE SANDINISTAS FREEDOM FIGHTER KICKED OUT THE JEW PRESIDENT AND THE BLOODSUCKING JEWS ( WHO CORNERED ALL THE WEALTH ) THREE AMERICAN PRESIDENTS ( REAGAN/ BUSH SR/ CLINTON ) FUNDED CONTRAS TO TO BIOLOGICAL AND CHEMICAL WARFARE ON THE HAPLESS NICARAGUAN PEOPLE..
DONT EVER THINK THIS CAN BE BURIED BY JEW ROTHSCHILD MONOPOLISED MEDIA / HOLLYWOOD
POM ( USA ) was enlisted in a project with the Stormont labs of Woodland, California, and the Wackenhut Corporation to develop chemical and biological weapons that could be deployed in guerrilla warfare. POM was assigned the task of producing the munitions themselves.
POM ( Park On Meter ) was founded by Seth Ward Sr., the father of Walter Hubbell’s wife, Suzie. While an attorney at Rose Law firm, Hubbell had shepherded POM’s application to become the first company to receive an industrial development loan from the Arkansas Development Finance Authority
WEBSTER HUBBEL IS CHELSEA CLINTONs BIOLOGICAL FATHER
Webster Hubbell ( SEXUAL AFFAIR WITH HILLARY CLINTON ) - he served on POM's board during the early '80s.. While a partner at Rose, Hubbell served as POM's lawyer
POM, it has been alleged by Michael Riconosciuto, a GENIUS computer expert serving a prison sentence on drug charges in Washington state, was under secret contract to make components of prototype chemical and biological weapons for use by the Contras
Park-On-Meter was the first company to receive a loan from the Arkansas Development Finance Authority (ADFA) set up by Arkansas Governor Bill Clinton in 1985. The ADFA took over much of the state's bond-issuing power and gave the governor Bill Clinton the ability "essentially to create money".
The ADFA has no regulator and no legislative oversight. The governor appoints the board and has the right to approve or disapprove every bond issue. There is virtually no limit on the value of bonds that can be issued. One financial advisor described this scenario as a "prescription for abuse".
ARKANSAS WAS A HUB FOR MONEY LAUNDERING VIA SHELL COMPANIES --THANKS TO ROTHSCHILD AGENT BILL CLINTON
This ADFA was at the center of financial dealings in which large amounts of money could be moved around easily , discreetly.
Theoretically, bonds could be issued to provide a loan to a company involved in laundering drug profits. That loan represented clean money. The loan could in turn be paid back with drug profits, slowly over time and in small increments. In this way drug money could be successfully filtered into the legitimate financial system.
CONTINUED TO 2-
http://ajitvadakayil.blogspot.in/2010/04/indentured-coolie-slavery-reinvented.html
http://ajitvadakayil.blogspot.in/2012/05/black-african-slave-trade-and-jews-capt.html
AFTER THE SANDINISTAS FREEDOM FIGHTER KICKED OUT THE JEW PRESIDENT AND THE BLOODSUCKING JEWS ( WHO CORNERED ALL THE WEALTH ) THREE AMERICAN PRESIDENTS ( REAGAN/ BUSH SR/ CLINTON ) FUNDED CONTRAS TO TO BIOLOGICAL AND CHEMICAL WARFARE ON THE HAPLESS NICARAGUAN PEOPLE..
DONT EVER THINK THIS CAN BE BURIED BY JEW ROTHSCHILD MONOPOLISED MEDIA / HOLLYWOOD
POM ( USA ) was enlisted in a project with the Stormont labs of Woodland, California, and the Wackenhut Corporation to develop chemical and biological weapons that could be deployed in guerrilla warfare. POM was assigned the task of producing the munitions themselves.
POM ( Park On Meter ) was founded by Seth Ward Sr., the father of Walter Hubbell’s wife, Suzie. While an attorney at Rose Law firm, Hubbell had shepherded POM’s application to become the first company to receive an industrial development loan from the Arkansas Development Finance Authority
WEBSTER HUBBEL IS CHELSEA CLINTONs BIOLOGICAL FATHER
Webster Hubbell ( SEXUAL AFFAIR WITH HILLARY CLINTON ) - he served on POM's board during the early '80s.. While a partner at Rose, Hubbell served as POM's lawyer
POM, it has been alleged by Michael Riconosciuto, a GENIUS computer expert serving a prison sentence on drug charges in Washington state, was under secret contract to make components of prototype chemical and biological weapons for use by the Contras
Park-On-Meter was the first company to receive a loan from the Arkansas Development Finance Authority (ADFA) set up by Arkansas Governor Bill Clinton in 1985. The ADFA took over much of the state's bond-issuing power and gave the governor Bill Clinton the ability "essentially to create money".
The ADFA has no regulator and no legislative oversight. The governor appoints the board and has the right to approve or disapprove every bond issue. There is virtually no limit on the value of bonds that can be issued. One financial advisor described this scenario as a "prescription for abuse".
ARKANSAS WAS A HUB FOR MONEY LAUNDERING VIA SHELL COMPANIES --THANKS TO ROTHSCHILD AGENT BILL CLINTON
This ADFA was at the center of financial dealings in which large amounts of money could be moved around easily , discreetly.
Theoretically, bonds could be issued to provide a loan to a company involved in laundering drug profits. That loan represented clean money. The loan could in turn be paid back with drug profits, slowly over time and in small increments. In this way drug money could be successfully filtered into the legitimate financial system.
CONTINUED TO 2-
-
CONTINUED FROM 1-
If the company in question did nothing more with the loan than redeposit it into its bank account, then the company had lost nothing but it had gained clean money. Thus, in effect, ADFA could serve as a washing machine – dirty money could be cleaned simply by passing through its system
THE SADDEST STORY OF THE CONTRA / COCAINE/ GUNS AFFAIR IS OF GENIUS MICHAEL RICONOSCIUTO.
He was asked by CIA to develop software to help launder the Mena drug money..
Riconosciuto was arrested on drug charges shortly after being named as a witness in the Inslaw Corporation’s case against the US government for the latter’s alleged unauthorized use of the PROMIS software, which Riconosciuto wrote for Inslaw. Riconosciuto claims he was set up-and was in jail from 1991 to 2017
Let me quote Wikipedia--
QUOTE:Riconoscuito was a gifted child: When he was just 10 years old, Michael wired his parents' neighborhood with a working private telephone system that undercut Ma Bell; in the eighth grade, he won a science fair with a model for a three-dimensional sonar system. By the time he was a teenager, he had won so many science fairs with exhibits of laser technology that he was invited to be a summer research assistant at Stanford University. Dr. Arthur Schalow [sic], a Nobel laureate, remembers him—"You don't forget a 16-year-old youngster who shows up with his own argon laser."
— Ridgeway and Vaughan, "The Last Days of Danny Casolaro"[6]UNQUOTE
capt ajit vadakayil
..
DONALD TRUMP
FUCK YOU FOR SUPPORTING COLUMBUS DAY
NOW LISTEN UP AND LISTEN GOOD
IF YOU MUST DRAIN THE SWAMP , FIRST YOU HAVE TO BREAK THE SPINE OF ROTHSCHILDs MEDIA WHO SUSTAIN IT
INSTEAD OF MEDIA CHASING YOU--YOU HAVE TO TAKE THE FIGHT TO THEIR DOORSTEPS--CHASE THE MEDIA
ASK THE INTEL COMMITEE TO INVESTIGATE FAKE NEWS
TRUMP--WATCH THE TV SERIES "HOUSE OF CARDS"
IT JUST SHOWS YOU 1% OF THE DIRT IN WHITE HOUSE
FUCK YOU FOR SUPPORTING COLUMBUS DAY
NOW LISTEN UP AND LISTEN GOOD
IF YOU MUST DRAIN THE SWAMP , FIRST YOU HAVE TO BREAK THE SPINE OF ROTHSCHILDs MEDIA WHO SUSTAIN IT
INSTEAD OF MEDIA CHASING YOU--YOU HAVE TO TAKE THE FIGHT TO THEIR DOORSTEPS--CHASE THE MEDIA
ASK THE INTEL COMMITEE TO INVESTIGATE FAKE NEWS
TRUMP--WATCH THE TV SERIES "HOUSE OF CARDS"
IT JUST SHOWS YOU 1% OF THE DIRT IN WHITE HOUSE
PRESIDENT FRANK UNDERWOODs PREDECESSOR IN THIS TV SERIAL PRESIDENT WALKER -- WAS TRICKED INTO RESIGNING BY POOR RATINGS
https://en.wikipedia.org/wiki/House_of_Cards_(U.S._TV_series)
THE SAME TRICK WAS USED ON PRESIDENT NIXON IN REAL LIFE.
https://www.youtube.com/watch?v=BN8OfPc_aQ8
NIXON COULD NEVER BE IMPEACHED - HE DID NOT KNOW THAT IMPEACHING A US PRESIDENT IS NOT EASY
http://ajitvadakayil.blogspot.in/2017/02/richard-m-nixon-greatest-american.html
In USA the presidential job approval ratings were introduced by George Gallup in the late 1930s 1936 to gauge public support for POTUS. Jew Rothschild was the brain behind this.
EVERY GALLUP POLL IS RIGGED.. TRUMP, YOU KNOW THAT ALL GALLUP POOLS SHOWED THAT HILLARY WOULD BE PRESIDENT , RIGHT?
THE FAKE POLL SYSTEM WAS USED TO CONVERT JEW WINSTON CHURCHILL INTO A HERO.
IN INDIA TOO WE HAD SUCH DOCTORED POLLS TO PROP UP GANDHI AND BR AMBEDKAR AS GREAT HEROES .. OF COURSE WE HAVE STOOGES LIKE ROTHSCHILDs APCO BRANDED MODI PRAYING TO THEM AS SOON AS HIS BEADY EYE SPOTS A CAMERA.
http://ajitvadakayil.blogspot.in/2012/08/cnn-ibn-poll-greatest-indian-since.html
A CNN poll showed 36 percent of Americans approve of Trump. If so how does so may people attend your rallies
CONTINUE TO FUCK THE GALLUP POLLS USING YOUR RALLIES. DOLE OUT RED TRUMP CAPS
TODAY CNN HAS ZERO CREDIBILITY
I FEEL LIKE PUKING WHEN I SEE THE SLIMY FACE OF THE LYING IRANIAN JEWESS CHRISTIANE AMANPOUR
http://ajitvadakayil.blogspot.in/2017/04/the-most-evil-journalist-capt-ajit.html
EVERY POLL CONDUCTED BY JEW ROTHSCHILDs COMMIE UNIVERSITIES LIKE UC BERKELEY AND COLUMBIA ARE FAKE
I WAS SO SURE ABOUT THE FAKE NEWS - I DID A 11 PART SERIES ON HILLARY CLINTON--WHICH WAS BURIED BY GOOGLE USING VESTED ALGORITHMS
http://ajitvadakayil.blogspot.in/2016/10/donald-trump-for-president-capt-ajit.html
TRUMP--KEEP COCKING A LOUD SNOOK AT THE FAKE MEDIA . DO IT LOUD AND HIGH PROFILE. SHOW THEM THE MIRROR . TELL THEM THE PRE-PRESIDENTIAL POLLS ARE AS FAKE AS THE PRESIDENTIAL RATINGS POLL.
ROTHSCHILDs MEDIA AND HOLLYWOOD MUST NOT BE ALLOWED TO BE KINGMAKERS.
THERE ARE LAWS IN USA WHICH PUNISH NEWS MEDIA DELIBERATELY SPREADING FALSE NEWS .
TRUMP--WATCH THE MOVIE "AMERICAN MADE" .. THIS MOVIE WAS MADE JUST TO WHITE WASH THE EVIL CLINTON COUPLE.
ALL US DRUGS FOR GUNS DEALS WERE DONE FROM THE WHITE HOUSE
Plastic-wrapped drugs were shipped into the USA from Afghanistan and Vietnam in the bottom of caskets, in body bags, and even in body cavities. Boxes and crates, which were sent back to the states, carried heroin and cleverly coded labels alerted CIA operatives as to where to look.
VIETNAM AND AFGHANISTAN WARS WERE A RUSE TO MAKE ENORMOUS DRUG PROFITS --WITH WHITE HOUSE APPROVAL.
CONTINIUED TO 2
-
CONTINUED FROM 1-
http://ajitvadakayil.blogspot.in/2011/07/gulf-of-tonkin-lie-capt-ajit-vadakayil.html
THIS PLANETS NEWS IS CONTROLLED BY JEW ROTHSCHILD. RAM IS CONVERTED TO RAVAN AND VICE VERSA
http://ajitvadakayil.blogspot.in/2015/11/pol-pot-of-khmer-rouge-great-cambodian.html
BLACK NFL PLAYERS WHO TAKE THE KNEE DURING UN ANTHEM MUST KNOW THAT THIER COMMUNITY WERE MADE DRUG ADDICTS BY THE WHITE HOUSE --YES-- WITH POTUS APPROVAL.
IN USA ALL KNOW OF THE SHELL COMPANIES IN DELAWARE.. BUT EVEN TODAY NOBODY KNOWS OF THE SHELL COMPANIES WHICH DID MASSIVE DRUG MONEY LAUNDERING IN MENA ARKANSAS DURING THE GOVERNORSHIP OF BILL CLINTON
BARRY SEALS OWN SHELL COMPANIES IN MENA HAD THE PREFIX - ROYALE
Royale Sports, Royale Television Network, Royale Liquors, Royale Casino, S.A., Royale Pharmaceuticals, Royale Arabians, Royale Seafood, Royale Security, Royale Resorts etc
US Congress passed the Boland Amendment (to the House Appropriations Bill of 1982 and following years), which prohibited the appropriation of U.S. funds by intelligence agencies for the support of the Contras.
The money was passed through a shell organization, the National Endowment for the Preservation of Liberty, to the Palmer National Bank of Washington, D.C., and then to the Contras
BCCI WAS THE DIRTIEST BANK OF THEM ALL RUNNING HUNDREDS OF SHELL COMPANIES.
TRUMP--YOU HAVE JUST WOKEN UP ABOUT HABIB BANK, RIGHT ? WHAT TOOK USA SO LONG ?
https://www.msn.com/en-ae/money/news/pakistans-habib-bank-shuts-us-operations-after-hefty-fine/ar-AAqPG8y?li=BBqrVLO
JEW Agha Hasan Abedi founded BCCI .. Rothschild's agent Agha Hasan Abedi migrated to Pakistan in 1947. He received his master's degree in English Literature and a Law degree from Lucknow University, India.. He began his career in 1946 with Habib Bank ( created and owned by Jew Rothschild in 1941 using JEW Jinnah in Mumbai )
Today HBL has 1730 branches with presence in over 27 countries --the largest company in Pakistan in terms of assets,
On 18 April 2016, HBL received license to operate a subsidiary in Xinjiang, becoming the first Pakistani bank to operate in China --at Urumqi High-tech Industrial Development Zone.
In September 2017, HBL agreed to pay a fine of $225 million in an out of court settlement with the New York State Department of Financial Services (DFS) against 53 separate violations allegedly committed between 2007 and 2017
TRUMP-- YOU CANNOT DRAIN THE SWAMP UNLESS YOU HAVE INSIDE KNOWLEDGE
capt ajit vadakayil
..
LOT OF MY DETRACTORS SAY..
CAPTAIN WRITES ONLY ABOUT HINDUISM AND ANCIENT INDIA...
SORRY-- I ASK...
BEFORE I WROTE MY 33 PART SERIES ON SHELL COMPANIES- ALL WERE PRETENDING TO SLEEP , RIGHT ?
IT TOOK A BLOGGER TO WAKE UP INDIA ..
SAME WAY...
IF I HAD NOT ALERTED ALL ABOUT BLOCKCHAIN-ULU AND BITCOIN-UDU WITH A 16 PART POST..
BY NOW ALL GRABBED LAND WOULD HAVE BEEN REGULARIZED-- ALL BANK SCAMS/ CAPITAL FLIGHT AFTER DEMONETIZATION WOULD HAVE BEEN BURIED , CEMENTED AND THE PANDORAs BOX LID SLAMMED SHUT FOREVER ...
THE BANK AND BITCOIN SCAMS AFTER DEMONITISATION HAVE NOT YET BEEN UNEARTHED..
NIRAV MODI--THE DIAMOND TRADER IS SMALL FISH..
BIGGER FISH --MODIs POLITICAL DONORS ARE ALL SAFE AND COCKY--BECAUSE THEY KNOW THE DEFENCE MINISTER WILL DEFEND THEM..
NIRMALA SITARAMAN DID NOT UTTER A WORD ABOUT THE FIR AGAINST ARMY...
BUT HEY, SHE RAN FASTER THAN USAIN BOLT TO "DEFEND" HER BOSS MODI ...
SAME WAY , OUR LAW MINISTER PRETENDS TO SLEEP OVER ENDLESS JUDICIAL OVERREACH.. BUT HEY, TODAY HE CAME ON TV, FROTHING FROM THE CORNERS OF HIS MOUTH TO ARGUE IN FAVOUR OF IS BOSS MODI...
WE WANT BJP MINISTER TO DEFEND BHARATMATA NOT GUJJU NO2 MODI....
ajitvadakayil.blogspot.com/2018/02/blockchain-bitcoin-value-skyrocketed.html
http://ajitvadakayil.blogspot.in/2017/03/shell-companies-for-money-laundering_31.html
WE THE PEOPLE WATCH...
THE DESH DROHI BABUS WITHIN CERTAIN MINISTRIES ARE SO COCKY.. ALL THIS WILL END SOON.. EVEN WALLS HAVE EARS ...
capt ajit vadakayil
..
PUT ABOVE COMMENT IN WEBSITES OF
NIRMALA SITARAMAN
RAVISHANKAR PRASAD
ARUN JAITLEY
PM MODI
SWAMY
GURUMURTHY
CJI
ATTORNEY GENERAL
SPEAKER LOK SABHA
SPEAKER RAJYA SABHA
SUSHMA SWARAJ
SMRITI INDIA
HOME MINISTER
WEBSITES OF DESH BHAKT LEADERS
CAPTAIN WRITES ONLY ABOUT HINDUISM AND ANCIENT INDIA...
SORRY-- I ASK...
BEFORE I WROTE MY 33 PART SERIES ON SHELL COMPANIES- ALL WERE PRETENDING TO SLEEP , RIGHT ?
IT TOOK A BLOGGER TO WAKE UP INDIA ..
SAME WAY...
IF I HAD NOT ALERTED ALL ABOUT BLOCKCHAIN-ULU AND BITCOIN-UDU WITH A 16 PART POST..
BY NOW ALL GRABBED LAND WOULD HAVE BEEN REGULARIZED-- ALL BANK SCAMS/ CAPITAL FLIGHT AFTER DEMONETIZATION WOULD HAVE BEEN BURIED , CEMENTED AND THE PANDORAs BOX LID SLAMMED SHUT FOREVER ...
THE BANK AND BITCOIN SCAMS AFTER DEMONITISATION HAVE NOT YET BEEN UNEARTHED..
NIRAV MODI--THE DIAMOND TRADER IS SMALL FISH..
BIGGER FISH --MODIs POLITICAL DONORS ARE ALL SAFE AND COCKY--BECAUSE THEY KNOW THE DEFENCE MINISTER WILL DEFEND THEM..
NIRMALA SITARAMAN DID NOT UTTER A WORD ABOUT THE FIR AGAINST ARMY...
BUT HEY, SHE RAN FASTER THAN USAIN BOLT TO "DEFEND" HER BOSS MODI ...
SAME WAY , OUR LAW MINISTER PRETENDS TO SLEEP OVER ENDLESS JUDICIAL OVERREACH.. BUT HEY, TODAY HE CAME ON TV, FROTHING FROM THE CORNERS OF HIS MOUTH TO ARGUE IN FAVOUR OF IS BOSS MODI...
WE WANT BJP MINISTER TO DEFEND BHARATMATA NOT GUJJU NO2 MODI....
ajitvadakayil.blogspot.com/2018/02/blockchain-bitcoin-value-skyrocketed.html
http://ajitvadakayil.blogspot.in/2017/03/shell-companies-for-money-laundering_31.html
WE THE PEOPLE WATCH...
THE DESH DROHI BABUS WITHIN CERTAIN MINISTRIES ARE SO COCKY.. ALL THIS WILL END SOON.. EVEN WALLS HAVE EARS ...
capt ajit vadakayil
..
PUT ABOVE COMMENT IN WEBSITES OF
NIRMALA SITARAMAN
RAVISHANKAR PRASAD
ARUN JAITLEY
PM MODI
SWAMY
GURUMURTHY
CJI
ATTORNEY GENERAL
SPEAKER LOK SABHA
SPEAKER RAJYA SABHA
SUSHMA SWARAJ
SMRITI INDIA
HOME MINISTER
WEBSITES OF DESH BHAKT LEADERS
###### SUBJECT --LIFE BAN ON SREESHANT ########## BIG FISH
GOT AWAY ... EVERY INDIA HAS THE FUNDAMENTAL RIGHT TO EARN A LIVING... THE
JUDGES OR FOREIGN CONTROLLED NGO BCCI CANNOT STOP IT....WE ASK SREESHANT... SUE
BCCI FOR 100 CRORES...ALSO WRITE TO THE HOME MINISTER TO PUNISH THE POLICE
OFFICER WHO PUT A BLACK BAG ON YOUR HEAD... THE POLICE OFFICER HAS FLOUTED THE
RULES... BRIBES POLITICIANS HAVE KEPT BCCI ALIVE.... ONLY EIGHT AND A HALF
NATIONS PLAY CRICKET.... BY PUTTING BLAME ON SMALL FISH LIKE SREESHANT , BIG
FISH WHO RUN SHELL COMPANIES AND DEAL IN THOUSANDS OF CRORES OF MONEY
LAUNDERING HAVE GOT AWAY.... WHAT POWER DOES A NGO LIKE BCCI HAVE OVER A INDIAN
HUMAN ?.... BCCI IS JUST AN NGO.. THEY HAVE NO POWERS AS PER THE INDIAN
CONSTITUTION...... BCCI IS AN NGO-- PREVIOUSLY FOREIGN FUNED….MOST OF THE TOP
BCCI OFFICIALS WERE CRIMINALS-- ALL KNOW THIS….BCCI WAS RUN BY MAHARAJAS BEFORE
-- MOST IN THE CONTROL OF JEW ROTHSCHILD….The Board of Control for Cricket in
India (BCCI) was formed in 1928 by Jew Rothschild as a society, registered
under the Tamil Nadu Societies Registration Act….. ..The BCCI logo is derived
from the emblem of the Order of the Star of India, the British Raj emblem
during the colonial period……NOT ONE CRICKET PLAYER OR OFFICIAL ATTENDED
SHREESHANTs MARRIAGE ... THESE COWARDS WERE AFRAID OF BCCI..... SO MUCH FOR
INDIAN TEAM SPIRIT.... SPINNER BHAJJI SLAPPED SPEEDSTER SREESHANT WHO HAS THREE
TIMES MORE POWER THAN HIM IN A CROWDED STADIUM.... HEY BHAJJI-- WANNA REPEAT
THIS IN AN ABANDONED BUILDING WHERE ONLY ONE MAN WALKS OUT ALIVE.... HIMMAT
HAI?.... FIND OUT THE SHELL COMPANIES USED BY IPL OWNERS AND BCCI BOSSES ...
google for the blogpost below--- ......................................
TRAVESTY OF JUSTICE, SREESANTH AND MISUSE OF MCOCA VADAKAYIL
..................... and ................................. SHELL COMPANIES for
money laundering, tax evasion, hiding kickbacks, layering PART 33
VADAKAYIL..................... capt ajit vadakayil ..
https://timesofindia.indiatimes.com/city/chennai/searches-by-i-t-ongoing-at-places-belonging-to-associates-of-sasikala/articleshow/61611957.cms
MODI JUST STIRS THE POT FOR VOTES
NOT ONE SINGLE BIG FISH IS IN JAIL
MODI JUST STIRS THE POT FOR VOTES
NOT ONE SINGLE BIG FISH IS IN JAIL
http://www.ibtimes.co.in/shell-companies-govt-probe-found-1-3-lakh-firms-operating-without-pan-749594
MODI KEEPS STIRRING THE POT FOR VOTES
MODI HAS ALLOWED COLLEGIUM JUDICIARY TO SHIT ON BHARATMATAs FACE
MODI KEEPS STIRRING THE POT FOR VOTES
MODI HAS ALLOWED COLLEGIUM JUDICIARY TO SHIT ON BHARATMATAs FACE
Diamond traders have a modus operandi. They file false cases against select customers and agencies to smother them mentally. They have help from judges/ lawyers. All of them operate dozens of SHELL companies
ROUND TRIPPING in diamonds (or repeated export and import of same polished diamonds) is wherein traders undertake a series of exports and imports of the same goods for the purpose of receiving greater bank financing.
Hypothetically, if a parcel made five round trips it means that for every $1 million worth of polished goods, the exporter got $5 million in financing.
ROUND TRIPPING is DELIBERATELY allowed for big corporate businesses ( who donate to the ruling party ) which bring back their black money through bogus shell companies . These funds are invested in the economy as FDI.
Round-tripping ( phudia ghumao ) of diamond consignments from one market to another is practised among the diamond trading circle in Mumbai. The bogus trade enables a diamond trading company to artificially inflate balance sheets for raising loans.
Bank managers get bribes in foreign accounts or get paid in Bitocin for services rendered . This is why maximum Bitcoin acitivity happens in Surat—the ADDA of crypto Jew diamond traders
There is a clear link between round-tripping and bank financing.This is NO big secret. When you donate to both ruling and opposition parties you can get away with anything.
ROUND TRIPPING is a phenomenon by which Indian individuals and companies avoid tax by sending funds abroad and then bringing them back on to home soil via Mauritius-based companies. Much of the investment into India via Mauritius over the last 15 years is believed to have been by CORRUPT Indian residents—all BIG FISH
Signed in 1983, the Double Taxation Avoidance treaty between the two countries made Mauritius, which taxes capital gains at near-zero rates, an attractive “post box address” for foreign investors to route investments into India Indians who evaded taxes set up shell companies in Mauritius, concealing identities and channeling cash or stock market investments through “round tripping” and “participatory notes”
The Securities and Exchange Board of India (Sebi) tightened the norms for participatory notes (P-notes) in order to check misuse of these instruments in round-tripping and money laundering.
Mauritius had become the top source of FDI into the country only due to ROUND TRIPPING.
Mauritius had been the source of more than 37% of all foreign direct investment inflows into India between 2000 and 2015.
Few months ago, India and Singapore signed a pact for amendment of the Double Taxation Avoidance Agreement (DTAA), in a bid to curb illegal hoarding of money and to prevent round-tripping of funds, misused for tax evasion. This was done for Mauritius and Cyprus earlier
A special-purpose entity (SPE; or, in Europe and India, special-purpose vehicle/SPV, or, in some cases in each EU jurisdiction – FVC, financial vehicle corporation) is a legal entity (usually a limited company of some type or, sometimes, a limited partnership) created to fulfill narrow, specific or temporary objectives.
SPEs are typically used by companies to isolate the firm from financial risk. They are also commonly used to hide debt (inflating profits), hide ownership, and obscure relationships between different entities which are in fact related to each other.
Normally a company will transfer assets to the SPE for management or use the SPE to finance a large project thereby achieving a narrow set of goals without putting the entire firm at risk.
SPEs are also commonly used in complex financings to separate different layers of equity infusion. Commonly created and registered in tax havens, SPEs allow tax avoidance strategies unavailable in the home district.
Round-tripping is one such strategy. In addition, they are commonly used to own a single asset and associated permits and contract rights (such as an apartment building or a power plant), to allow for easier transfer of that asset.
CONTINUED TO 2-
ROUND TRIPPING in diamonds (or repeated export and import of same polished diamonds) is wherein traders undertake a series of exports and imports of the same goods for the purpose of receiving greater bank financing.
Hypothetically, if a parcel made five round trips it means that for every $1 million worth of polished goods, the exporter got $5 million in financing.
ROUND TRIPPING is DELIBERATELY allowed for big corporate businesses ( who donate to the ruling party ) which bring back their black money through bogus shell companies . These funds are invested in the economy as FDI.
Round-tripping ( phudia ghumao ) of diamond consignments from one market to another is practised among the diamond trading circle in Mumbai. The bogus trade enables a diamond trading company to artificially inflate balance sheets for raising loans.
Bank managers get bribes in foreign accounts or get paid in Bitocin for services rendered . This is why maximum Bitcoin acitivity happens in Surat—the ADDA of crypto Jew diamond traders
There is a clear link between round-tripping and bank financing.This is NO big secret. When you donate to both ruling and opposition parties you can get away with anything.
ROUND TRIPPING is a phenomenon by which Indian individuals and companies avoid tax by sending funds abroad and then bringing them back on to home soil via Mauritius-based companies. Much of the investment into India via Mauritius over the last 15 years is believed to have been by CORRUPT Indian residents—all BIG FISH
Signed in 1983, the Double Taxation Avoidance treaty between the two countries made Mauritius, which taxes capital gains at near-zero rates, an attractive “post box address” for foreign investors to route investments into India Indians who evaded taxes set up shell companies in Mauritius, concealing identities and channeling cash or stock market investments through “round tripping” and “participatory notes”
The Securities and Exchange Board of India (Sebi) tightened the norms for participatory notes (P-notes) in order to check misuse of these instruments in round-tripping and money laundering.
Mauritius had become the top source of FDI into the country only due to ROUND TRIPPING.
Mauritius had been the source of more than 37% of all foreign direct investment inflows into India between 2000 and 2015.
Few months ago, India and Singapore signed a pact for amendment of the Double Taxation Avoidance Agreement (DTAA), in a bid to curb illegal hoarding of money and to prevent round-tripping of funds, misused for tax evasion. This was done for Mauritius and Cyprus earlier
A special-purpose entity (SPE; or, in Europe and India, special-purpose vehicle/SPV, or, in some cases in each EU jurisdiction – FVC, financial vehicle corporation) is a legal entity (usually a limited company of some type or, sometimes, a limited partnership) created to fulfill narrow, specific or temporary objectives.
SPEs are typically used by companies to isolate the firm from financial risk. They are also commonly used to hide debt (inflating profits), hide ownership, and obscure relationships between different entities which are in fact related to each other.
Normally a company will transfer assets to the SPE for management or use the SPE to finance a large project thereby achieving a narrow set of goals without putting the entire firm at risk.
SPEs are also commonly used in complex financings to separate different layers of equity infusion. Commonly created and registered in tax havens, SPEs allow tax avoidance strategies unavailable in the home district.
Round-tripping is one such strategy. In addition, they are commonly used to own a single asset and associated permits and contract rights (such as an apartment building or a power plant), to allow for easier transfer of that asset.
CONTINUED TO 2-
CONTINUED FROM 1-
India’s diamond export figures are false and manipulative. An export of 40 billion USD worth of polished diamonds and the import of $30 billion worth of polished diamonds – is classic example of round-tripping.
India is a POLISHED diamond exporter and there is no need for importing POLISHED diamonds. Sab mil bhaantke khate hein.
Instead of nipping round tripping in the bud – the Indian govt just imposed a miniscule import duty.
How did the practice of round-tripping start? It all started as an unexpected CRYPTO JEW GUJARATI arm of the diamond industry’s request to the government to change the way it was taxed. Instead of being taxed on profit, like most other industries, it sought to be taxed on turnover, like the diamond trade in Israel.
The govt promptly scrapped three duties on POLISHED diamond imports
Round-tripping became an economical practice since then, a completely new way to make money from diamonds.
The KAHAAANI was that that our enterprising CRYPTO JEW Gujarati diamond processors who had mining licenses in African countries where they mined, processed and wanted to bring back polished diamonds to India.
See they love Bharatmata so much—these crypto Jew Gujarati desh bhakts ( SIC ) must be given ZERO percent 0% duty right?
The message from the Indian Govt was—HAPPY KOSHER ROUND TRIPPING !
POLITICAL DONNASSANN BHOOLNA MATH !
India’s gross polished diamond export was at least 15 billion USD MORE than the value of diamonds sold by retailers worldwide .. The export figures is clearly inflated.
Where did the diamonds disappear? Dubai. The UAE, India’s top export destination, kept only 6.8 per cent of the BILLONS of polished diamonds it imported from India. Rest of the consignment went back and forth between India and the UAE, four to five times before they went down the pipeline.
Now let’s see the nexus between round-tripping and bank financing. If a parcel made four round trips for the sake of financing, it meant that for every $1 million worth of goods, the exporter got $5 million in financing. A good arrangement only as long as you could pay it back.
Since this heavy financing is borrowed without matching collateral ( on pressure from politicians ), the diamond-financing banks in India are jittery. The bank managers are convenient scapegoats
WHY DO YOU THINK CRYPTO JEW GUJARATI DIAMOND TRADERS HAVE OFFICES IN DUBAI—IN DUBAI PEOPLE BUY PEARLS-NEVER DIAMONDS !
WHY DO YOU THINK DUBAI HAS SUCH A HUGE HAWALA MARKET ?
Dubai is a safe haven for the Indian traders who indulged in ‘round tripping’. Dubai does not impose any tax on either import or export of diamonds. It merely acted as a ‘trading ground’ as consumption of polished goods in Dubai was minimal.
Black money is sent to Dubai through hawala transaction (an illegal banking system). Here money is deposited there in the bank account of a diamond dealer. A parcel of diamonds is then sold by that company, that’s paid for with the hawala money.
The parcel is then re-imported and traded several times. This is done to bring the black money into the system. And once it is done, it is brought back into the country and deployed in the markets in the form of overseas investments, sub-accounts or portfolio investments
Crypto Jew Gujarati diamond company has branches all over the world, it doesn’t really mean that they are supplying diamonds in every country. It could just be a ‘pit stop’ for a diamond parcel that travels from one branch office to another in different countries ... at times to three or four branch offices in the guise of ‘export’.
So, in each country the value of the polished goods is inflated to cover the borrowing rate in the previous country. So, a single consignment of diamonds can generate five times its value in loans.
CONTINUED TO 3--
India’s diamond export figures are false and manipulative. An export of 40 billion USD worth of polished diamonds and the import of $30 billion worth of polished diamonds – is classic example of round-tripping.
India is a POLISHED diamond exporter and there is no need for importing POLISHED diamonds. Sab mil bhaantke khate hein.
Instead of nipping round tripping in the bud – the Indian govt just imposed a miniscule import duty.
How did the practice of round-tripping start? It all started as an unexpected CRYPTO JEW GUJARATI arm of the diamond industry’s request to the government to change the way it was taxed. Instead of being taxed on profit, like most other industries, it sought to be taxed on turnover, like the diamond trade in Israel.
The govt promptly scrapped three duties on POLISHED diamond imports
Round-tripping became an economical practice since then, a completely new way to make money from diamonds.
The KAHAAANI was that that our enterprising CRYPTO JEW Gujarati diamond processors who had mining licenses in African countries where they mined, processed and wanted to bring back polished diamonds to India.
See they love Bharatmata so much—these crypto Jew Gujarati desh bhakts ( SIC ) must be given ZERO percent 0% duty right?
The message from the Indian Govt was—HAPPY KOSHER ROUND TRIPPING !
POLITICAL DONNASSANN BHOOLNA MATH !
India’s gross polished diamond export was at least 15 billion USD MORE than the value of diamonds sold by retailers worldwide .. The export figures is clearly inflated.
Where did the diamonds disappear? Dubai. The UAE, India’s top export destination, kept only 6.8 per cent of the BILLONS of polished diamonds it imported from India. Rest of the consignment went back and forth between India and the UAE, four to five times before they went down the pipeline.
Now let’s see the nexus between round-tripping and bank financing. If a parcel made four round trips for the sake of financing, it meant that for every $1 million worth of goods, the exporter got $5 million in financing. A good arrangement only as long as you could pay it back.
Since this heavy financing is borrowed without matching collateral ( on pressure from politicians ), the diamond-financing banks in India are jittery. The bank managers are convenient scapegoats
WHY DO YOU THINK CRYPTO JEW GUJARATI DIAMOND TRADERS HAVE OFFICES IN DUBAI—IN DUBAI PEOPLE BUY PEARLS-NEVER DIAMONDS !
WHY DO YOU THINK DUBAI HAS SUCH A HUGE HAWALA MARKET ?
Dubai is a safe haven for the Indian traders who indulged in ‘round tripping’. Dubai does not impose any tax on either import or export of diamonds. It merely acted as a ‘trading ground’ as consumption of polished goods in Dubai was minimal.
Black money is sent to Dubai through hawala transaction (an illegal banking system). Here money is deposited there in the bank account of a diamond dealer. A parcel of diamonds is then sold by that company, that’s paid for with the hawala money.
The parcel is then re-imported and traded several times. This is done to bring the black money into the system. And once it is done, it is brought back into the country and deployed in the markets in the form of overseas investments, sub-accounts or portfolio investments
Crypto Jew Gujarati diamond company has branches all over the world, it doesn’t really mean that they are supplying diamonds in every country. It could just be a ‘pit stop’ for a diamond parcel that travels from one branch office to another in different countries ... at times to three or four branch offices in the guise of ‘export’.
So, in each country the value of the polished goods is inflated to cover the borrowing rate in the previous country. So, a single consignment of diamonds can generate five times its value in loans.
CONTINUED TO 3--
CONTINUED FROM 2-
Exports and imports of polished showed unrealistic figures and at times, imports of polished goods were even more than exports. This was a classic example of ‘round tripping’ for a country like India, which is a processor and exporter of polished diamonds - all done to misuse bank finance.
In Kerala round tripping happens with GOLD ! Everybdy knows this.
WHAT HAPPENED TO OUR THINK TANKS—OF I FORGOT—THEY HAVE SHIT FOR BRAINS.
WHY DOES INDIA HAVE A LAWYER AS OUR FINANCE MINISTER?
WHY DO WE NEED A KENYAN GUJARATI AS OUR RBI GOVERNOR?
TRY PUTTING ABOVE COMMENT IN THE WEBSITES OF INDIAN MINISTERS WHO PROTECT PM MODI MORE THAN THEY PROTECT BHARATMATA..
THEY WILL SPAM YOU.
THIS IS THE SORRY STATE OF INDIA
Capt ajit vadakayil
..
PU ABOVE COMMENT IN WEBSITES OF--
ARUN JAITLEY
FINANCE MINISTRY
AJIT DOVAL
PMO
PM MODI
RBI GOVERNOR
SBI CHARIRMAN
CJI
LAW MINISTER
HOME MINISTER
NIRMALA SITARAMAN
SUSHMA SWARAJ
MEA
SMRITI IRANI
I&B MINISTRY
SPEAKER LOK SABHA
SPEAKER RAJYA SABHA
COMMERCE MINISTER
SWAMY
GURUMURTHY
RSS
VHP
AVBP
YOGI AITYANATH
WEBSITES OF DESH BHAKTS
SPREAD ON SACIAL MEDIA
Exports and imports of polished showed unrealistic figures and at times, imports of polished goods were even more than exports. This was a classic example of ‘round tripping’ for a country like India, which is a processor and exporter of polished diamonds - all done to misuse bank finance.
In Kerala round tripping happens with GOLD ! Everybdy knows this.
WHAT HAPPENED TO OUR THINK TANKS—OF I FORGOT—THEY HAVE SHIT FOR BRAINS.
WHY DOES INDIA HAVE A LAWYER AS OUR FINANCE MINISTER?
WHY DO WE NEED A KENYAN GUJARATI AS OUR RBI GOVERNOR?
TRY PUTTING ABOVE COMMENT IN THE WEBSITES OF INDIAN MINISTERS WHO PROTECT PM MODI MORE THAN THEY PROTECT BHARATMATA..
THEY WILL SPAM YOU.
THIS IS THE SORRY STATE OF INDIA
Capt ajit vadakayil
..
PU ABOVE COMMENT IN WEBSITES OF--
ARUN JAITLEY
FINANCE MINISTRY
AJIT DOVAL
PMO
PM MODI
RBI GOVERNOR
SBI CHARIRMAN
CJI
LAW MINISTER
HOME MINISTER
NIRMALA SITARAMAN
SUSHMA SWARAJ
MEA
SMRITI IRANI
I&B MINISTRY
SPEAKER LOK SABHA
SPEAKER RAJYA SABHA
COMMERCE MINISTER
SWAMY
GURUMURTHY
RSS
VHP
AVBP
YOGI AITYANATH
WEBSITES OF DESH BHAKTS
SPREAD ON SACIAL MEDIA
FOR THE PAST 50 YEARS THE INDIAN GOVT DID NOTHING ABUT SHELL COMPANIES..
ENRON LOOTED INDIA...
THEN A BLOGGER NAMED CAPT AJIT VADAKAYIL PENNED A 33 PART POST ON SHELL COMPANIES...
STILL NOTHING HAPPENED..
THEN I PROVIDED THE JUICY CATALYST...
THAT THE CEO OF ENRON REBECCA MARK ( CAME TO INDIA IN MINI SKIRT ) FLASHED HER HAIR PUSSY AT INDIAN MARATHA MANOOS POLITICIANS , TO SOFTEN THEM ...
THIS AROUSED THE INTEREST AND MODI GOVT GOT SERIOUS ABUT TRACKING SHELL COMPANIES..
http://ajitvadakayil.blogspot.in/2017/02/shell-companies-for-money-laundering.html
THEN I WROTE A 17 PART POST ON BITCOIN DEMANDING THAT ARUN JAITLEY MAKE A STATEMENT IN HIS 2018 BUDGET SPEECH... HE DID IN A DILUTED MANNER...
http://ajitvadakayil.blogspot.in/2018/02/blockchain-bitcoin-value-skyrocketed.html
EVEN TODAY DIAMOND MERCHANTS ARE SHIFTING CAPITAL ABROAD USING BITCOIN...
SAB MIL BHAANTKE KHAATE HAIN...
NOTHING WILL HAPPEN TO BJPs POLITICAL DONORS...
PUT ABOVE COMMENT IN WEBSITES OF---
ARUN JAITLEY
FINANCE MINISTRY
AJIT DOVAL
PMO
PM MODI
RBI GOVERNOR
SBI CHARIRMAN
CJI
LAW MINISTER
HOME MINISTER
NIRMALA SITARAMAN
SUSHMA SWARAJ
MEA
SMRITI IRANI
I&B MINISTRY
SPEAKER LOK SABHA
SPEAKER RAJYA SABHA
COMMERCE MINISTER
SWAMY
GURUMURTHY
RSS
VHP
AVBP
YOGI AITYANATH
WEBSITES OF DESH BHAKTS
SPREAD ON SOCIAL MEDIA
ENRON LOOTED INDIA...
THEN A BLOGGER NAMED CAPT AJIT VADAKAYIL PENNED A 33 PART POST ON SHELL COMPANIES...
STILL NOTHING HAPPENED..
THEN I PROVIDED THE JUICY CATALYST...
THAT THE CEO OF ENRON REBECCA MARK ( CAME TO INDIA IN MINI SKIRT ) FLASHED HER HAIR PUSSY AT INDIAN MARATHA MANOOS POLITICIANS , TO SOFTEN THEM ...
THIS AROUSED THE INTEREST AND MODI GOVT GOT SERIOUS ABUT TRACKING SHELL COMPANIES..
http://ajitvadakayil.blogspot.in/2017/02/shell-companies-for-money-laundering.html
THEN I WROTE A 17 PART POST ON BITCOIN DEMANDING THAT ARUN JAITLEY MAKE A STATEMENT IN HIS 2018 BUDGET SPEECH... HE DID IN A DILUTED MANNER...
http://ajitvadakayil.blogspot.in/2018/02/blockchain-bitcoin-value-skyrocketed.html
EVEN TODAY DIAMOND MERCHANTS ARE SHIFTING CAPITAL ABROAD USING BITCOIN...
SAB MIL BHAANTKE KHAATE HAIN...
NOTHING WILL HAPPEN TO BJPs POLITICAL DONORS...
PUT ABOVE COMMENT IN WEBSITES OF---
ARUN JAITLEY
FINANCE MINISTRY
AJIT DOVAL
PMO
PM MODI
RBI GOVERNOR
SBI CHARIRMAN
CJI
LAW MINISTER
HOME MINISTER
NIRMALA SITARAMAN
SUSHMA SWARAJ
MEA
SMRITI IRANI
I&B MINISTRY
SPEAKER LOK SABHA
SPEAKER RAJYA SABHA
COMMERCE MINISTER
SWAMY
GURUMURTHY
RSS
VHP
AVBP
YOGI AITYANATH
WEBSITES OF DESH BHAKTS
SPREAD ON SOCIAL MEDIA
https://timesofindia.indiatimes.com/india/sc-asks-centre-to-curb-illegal-operations-of-multinational-auditors/articleshow/63050804.cms
ONLY NOW THEY ARE WAKING UP....
MORE THAN A YEAR AFTER I EXPOSED ENRON ..
ENRON USED THEIR OWN AUDITORS TO COVER UP THEIR GIGANTIC FRAUD...
Enron's board members, regulators, analysts, auditors, and even politicians looked the other way while Enron committed its fraud.
Following the 2001 scandal in which energy giant Enron was found to have reported $100bn in revenue through institutional and systematic accounting fraud, Arthur Andersen's performance and alleged complicity as an auditor came under intense scrutiny.
On June 15, 2002, Andersen was convicted of obstruction of justice for shredding documents related to its audit of Enron, resulting in the Enron scandal.
Mind you Arthur Anderson LLP had 28,000 employees in the US and 85,000 worldwide..
Deliberate FALSE auditing made sure that Enron appeared to be much more profitable than it actually was.
Naturally, its share price zoomed, allowing the managers to benefit from the capital gains that they received from their employee-stock options and performance-related bonuses.
Criminal auditors over inflated so much that it became extremely hard for Enron’s managers to carry on with this creative accounting, until at last it became impossible to keep up the pretence.
Ultimately the company could not even be restructured and had to be liquidated. Thousands of Enron employees lost not only their jobs, but also their savings and pensions, which were tied up in company stock.
Remarkably, bribed KOSHER US judges found that Enrons criminal auditors could not be held legally responsible for what was clearly criminal negligence and dereliction of duty over a prolonged period.
Instead, the only charge that could be brought against it was obstruction of justice, for shredding documents relating to its audit of Enron. And even that was overturned by the Supreme Court in 2005, on grounds of flaws in the instructions to the jury! However, because the U.S. Securities and Exchange Commission did not allow it to audit public companies, the company could not retain viable business and eventually collapsed.
Enron CEO Rebecca Mark came to India regularly in MINI SKIRT and flashed her hairy blonde pussy at India Maratha manoos politicians to soften them up and prevent them from driving a hard bargain...
read all 33 parts of the post below--
http://ajitvadakayil.blogspot.in/2017/02/shell-companies-for-money-laundering.html
AND MIND YOU , OUR CJI, JS KHEHAR WANTED FOREIGN JEW LAWYER FIRMS IN INDIA...
http://www.news18.com/news/india/open-indian-legal-sector-to-foreign-players-says-cji-js-khehar-1455525.html
capt ajit vadakayil
..
ONLY NOW THEY ARE WAKING UP....
MORE THAN A YEAR AFTER I EXPOSED ENRON ..
ENRON USED THEIR OWN AUDITORS TO COVER UP THEIR GIGANTIC FRAUD...
Enron's board members, regulators, analysts, auditors, and even politicians looked the other way while Enron committed its fraud.
Following the 2001 scandal in which energy giant Enron was found to have reported $100bn in revenue through institutional and systematic accounting fraud, Arthur Andersen's performance and alleged complicity as an auditor came under intense scrutiny.
On June 15, 2002, Andersen was convicted of obstruction of justice for shredding documents related to its audit of Enron, resulting in the Enron scandal.
Mind you Arthur Anderson LLP had 28,000 employees in the US and 85,000 worldwide..
Deliberate FALSE auditing made sure that Enron appeared to be much more profitable than it actually was.
Naturally, its share price zoomed, allowing the managers to benefit from the capital gains that they received from their employee-stock options and performance-related bonuses.
Criminal auditors over inflated so much that it became extremely hard for Enron’s managers to carry on with this creative accounting, until at last it became impossible to keep up the pretence.
Ultimately the company could not even be restructured and had to be liquidated. Thousands of Enron employees lost not only their jobs, but also their savings and pensions, which were tied up in company stock.
Remarkably, bribed KOSHER US judges found that Enrons criminal auditors could not be held legally responsible for what was clearly criminal negligence and dereliction of duty over a prolonged period.
Instead, the only charge that could be brought against it was obstruction of justice, for shredding documents relating to its audit of Enron. And even that was overturned by the Supreme Court in 2005, on grounds of flaws in the instructions to the jury! However, because the U.S. Securities and Exchange Commission did not allow it to audit public companies, the company could not retain viable business and eventually collapsed.
Enron CEO Rebecca Mark came to India regularly in MINI SKIRT and flashed her hairy blonde pussy at India Maratha manoos politicians to soften them up and prevent them from driving a hard bargain...
read all 33 parts of the post below--
http://ajitvadakayil.blogspot.in/2017/02/shell-companies-for-money-laundering.html
AND MIND YOU , OUR CJI, JS KHEHAR WANTED FOREIGN JEW LAWYER FIRMS IN INDIA...
http://www.news18.com/news/india/open-indian-legal-sector-to-foreign-players-says-cji-js-khehar-1455525.html
capt ajit vadakayil
..
https://timesofindia.indiatimes.com/india/no-more-tareek-pe-tareek-says-bombay-high-court/articleshow/63171986.cms
WHEN CRYING BOLLYWOOD SUPERSTAR AAMIR KHAN PUT A DEFAMATION CASE ON CAPT AJIT VADAKAYIL ( SATYAMEVA JAYATE TV SERIAL GOT SUNK--LOW TRP ) -- THE SYSTEM FORCES ME TO TRAVEL ALL THE WAY TO MUMBAI OR PAY UP TAREEQ PEH TAREEQ PEH TAREEQ FEES TO THE LAWYER .....
http://ajitvadakayil.blogspot.in/2017/10/time-has-come-to-save-watan-time-is-now.html
JUDGES WHO WERE LOSER LAWYERS BEFORE- ALLOW CURRENT LOSER LAWYERS TO MAKE MONEY BY TAREEQ PAH TAREEQ PAH TAREEEQ
EVERY 3 MONTHS THESE LAWYERS CHARGE FULL DAY APPREARANCE MONEY OF AVERAGE 10,000 RUPEES JUST TO GET THE NEXT TAREEQ. THIS CONTINUES FOR 40 YEARS ..
TO GET THE NEXT TAREEQ THE LAWYER BRIBES A COURT CLERK AND HE GETS THE NEXT TAREEQ BY SMS
SAB MIL BHAANTKE KHAATE HAIN .
MORE THAN 40% OF LAWYERS HAVE FAKE DEGREES .
JUDGES DIE, LAWYERS DIE, THE GRANDSON IS LEFT HOLDING THE BABY
WHY CANT WE HAVE A TRANSPARENT WEBSITE?
PEOPLE WHO SUE ( EGO BASED ) FOR 100 CRORES FOR DEFAMATION -- MUST FIRST DEPOSIT 10% ( 10 CRORES ) OF THE MONEY ....
IF THE EGO MANIAC LOSES THIS 10% MUST GO TO THE POOR HARRASED MAN WHO WAS SUED..
90% OF THE MONEY MUST GO TO GOVT COFFERS...
THE UPPITY EGO MASSAGE SEEKER FELLOW WHO LOST THE CASE MUST BE ARRESTED IN COURT AND TAKEN TO JAIL WITHOUT BAIL--TILL HE PAYS UP 90 CRORES ( 90% ) TO THE GOVT COFFERS..
PUT THIS CRITICAL COMMENT IN THE WEBSITES OF--
CJI
LAW MINISTER
ATTORNEY GENERAL
SUPREME COURT BAR COUNCIL
HOME MINISTER
PMO
PM MODI
CMs OF ALL STATES --LEAVE OUT MOMOTO AND KACHRAWAAL
SWAMY
GURUMURTHY
NITI AYOG
AMITABH KANT
FINANCE MINISTER
ARUN JAITLEY
SPEAKER LOK SABHA
SPEAKER RAJYA SABHA
SUPREME COURT BAR COUNCIL
EDUCATION MINISTER
DEFENCE MINISTER
I&B MINISTER
MEA
FINANCE MINISTRY
RSS
VHP
AVBP
WEBSITES OF ALL DESH BHAKT LEADERS
SPREAD ON SOCIAL MEDIA
WHEN CRYING BOLLYWOOD SUPERSTAR AAMIR KHAN PUT A DEFAMATION CASE ON CAPT AJIT VADAKAYIL ( SATYAMEVA JAYATE TV SERIAL GOT SUNK--LOW TRP ) -- THE SYSTEM FORCES ME TO TRAVEL ALL THE WAY TO MUMBAI OR PAY UP TAREEQ PEH TAREEQ PEH TAREEQ FEES TO THE LAWYER .....
http://ajitvadakayil.blogspot.in/2017/10/time-has-come-to-save-watan-time-is-now.html
JUDGES WHO WERE LOSER LAWYERS BEFORE- ALLOW CURRENT LOSER LAWYERS TO MAKE MONEY BY TAREEQ PAH TAREEQ PAH TAREEEQ
EVERY 3 MONTHS THESE LAWYERS CHARGE FULL DAY APPREARANCE MONEY OF AVERAGE 10,000 RUPEES JUST TO GET THE NEXT TAREEQ. THIS CONTINUES FOR 40 YEARS ..
TO GET THE NEXT TAREEQ THE LAWYER BRIBES A COURT CLERK AND HE GETS THE NEXT TAREEQ BY SMS
SAB MIL BHAANTKE KHAATE HAIN .
MORE THAN 40% OF LAWYERS HAVE FAKE DEGREES .
JUDGES DIE, LAWYERS DIE, THE GRANDSON IS LEFT HOLDING THE BABY
WHY CANT WE HAVE A TRANSPARENT WEBSITE?
PEOPLE WHO SUE ( EGO BASED ) FOR 100 CRORES FOR DEFAMATION -- MUST FIRST DEPOSIT 10% ( 10 CRORES ) OF THE MONEY ....
IF THE EGO MANIAC LOSES THIS 10% MUST GO TO THE POOR HARRASED MAN WHO WAS SUED..
90% OF THE MONEY MUST GO TO GOVT COFFERS...
THE UPPITY EGO MASSAGE SEEKER FELLOW WHO LOST THE CASE MUST BE ARRESTED IN COURT AND TAKEN TO JAIL WITHOUT BAIL--TILL HE PAYS UP 90 CRORES ( 90% ) TO THE GOVT COFFERS..
PUT THIS CRITICAL COMMENT IN THE WEBSITES OF--
CJI
LAW MINISTER
ATTORNEY GENERAL
SUPREME COURT BAR COUNCIL
HOME MINISTER
PMO
PM MODI
CMs OF ALL STATES --LEAVE OUT MOMOTO AND KACHRAWAAL
SWAMY
GURUMURTHY
NITI AYOG
AMITABH KANT
FINANCE MINISTER
ARUN JAITLEY
SPEAKER LOK SABHA
SPEAKER RAJYA SABHA
SUPREME COURT BAR COUNCIL
EDUCATION MINISTER
DEFENCE MINISTER
I&B MINISTER
MEA
FINANCE MINISTRY
RSS
VHP
AVBP
WEBSITES OF ALL DESH BHAKT LEADERS
SPREAD ON SOCIAL MEDIA
Pratik
March 19, 2018 at 3:39
PM
why most of the health
care hospitals and orgs in united states comes under non profit organisation,
is this to avoid taxes ?
ReplyDelete
Replies
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Capt. Ajit Vadakayil
March 19, 2018 at 6:32
PM
The World Bank defines
NPO’s as “private organizations that pursue activities to relieve suffering,
promote the interest of the poor, protect the environment, provide basic social
services, or undertake community development.”
LISTEN UP NOW-
I have a Punjabi friend
( 4 striper ) . His Punjabi wife ( daughter of a TOP rank Armed force officer
–General / Admiral rank -- ?? ) confessed to me that their only son is a mental
retard.. However she was very proud that though he is a restaurant waiter, he
manages by writing down quickly— the food orders.
Many years later I met
him again.
He boasted that his son
owns a latest model BMW car, and he showed me the picture .
I kept quiet— maybe he
had forgotten what his wife told me about her retarded son . He said he now
heads an NGO.
I COULD NOT BELIEVE
THAT MY GOODFRIENDS ( THIS PUNJABI ) COUPLE WERE DOING FRAUD.. I DUG
INFORMATION OUT OF THIS TALKATIVE WOMAN WHEN HER HUSBAND WAS NOT AROUND.
SO SO SO-- These
organizations do not exist for profit motive, hence called as Non Profit Organizations?
BALLS !
MOST FOREIGN FUNDED
NGOs DO SUBVERSION FOR MONEY AND HEY, THEY GET EXEMPTED FROM INCOME TAX.
You see-- these
organizations do the work which ought to have been done by the government;
therefore it is termed as Non Governmental Organizations.
You see-- NGO’s has
charitable objects. Doing something good to others without expectations is
charity. It is a selfless fuckin’ act.
Examples?--Non Profit
Organization in India caring for disadvantaged elderly senior citizens--or
restore children’s rights.
Trust, Society and
Section 8 Company can seek registration u/s 12A to claim exemption under
provisions of Income Tax Act’1961, if certain conditions are satisfied. Section
12A deals with registration of trust and section 12AA deals with procedure for
registration of trust.
Notwithstanding the
fact that trust, society and section 8 companies are registered as per their
respective acts, the registration under section 12A is necessary to claim
exemption under Income Tax Act
Once the registration
is granted to the trust, it will be hold good till the cancellation of
registration. There is no provision which requires any renewal of registration.
Audit is also
prerequisite for claiming exemption under section 11 and 12— but there is a
MAFIA helping out through loopholes
FOREIGN FUNDED NGOs WHO
SELL HARVESTED INDIAN KIDNEYS TO KOSHER FOREIGN FORCES ARE NOW THE GOOD
SAMARITANS
ONCE A SHIPBOARD
OFFICER OF MINE ( HE IS A TOP RANKING SHIPPING GOVT OFFICER ) ASKED ME TO
DONATE TO HIS NGO FOR RETARDED CHILDREN..
HE SAID THE DONATION
WILL BE TAX FREE. I HAD FOUND OUT THAT HIS OWN SON IS A RETARD AND HENCE
PRETENDED IGNORANCE …
I DONATED A GOOD AMOUNT
, BECAUSE HE WAS A GOOD OFFICER ( ORIYA GUY ) WHEN HE SAILED UNDER ME. LATER
THE BANK MANAGER KEPT INSISTING THAT I MUST GET TAX BENEFIT FOR THE CHEQUE.. I
JUST TOLD HIM—YEAH—LATER ..
ROTHSCHILDS ( LYNNE AND
EVELYN ) CAME TO INDIA TO START THEIR OWN NGOs AND THEY DONATED THEIR LAREGE
PORTAITS TO BE HUNG IN THE NGO OFFICES..
Criminal businessmen
and evil politicians who take bribes ( quid pro quo ) set up Trusts to launder
their own un-taxed funds. By setting up a Trust and passing their own funds to
it (usually after passing it through the accounts of others and in their
names), builders, politicians ( shell companies ) and other unscrupulous
individuals—they legitimize their black money…
CONTINUED TO 2-
CONTINUED FROM 1-
Subsequently, these
funds are diverted for the benefit of the Trustees or whoever is the real
person behind the trust. With the sheer number of NGOs in India, it is
difficult to monitor effectively whether they are actually applying their
income to the purposes for which they have been set up, as mentioned in the
first point above.
Further, salaries to
employees and other running expenses can also be easily inflated and diverted.
Every once in a while we hear about NGOs where the supposed beneficiaries
(children, elderly or animals) are ill-treated while the premises of the NGO is
being used as a personal residence by the staff or Trustees and trust funds are
used to purchase expensive cars and computers…
But the most egregious
misuse of the exemptions available is in the way certain NGOs issues receipts
to donors purely to allow them to evade taxes. These unscrupulous NGOs issue
receipts for much higher amounts than actually received to one person, allowing
him or her to claim a large deduction u/s 80G, and then make up the difference
by taking the money from their actual sponsor, who is only to happy to convert
his black money into white by passing it into the Trust’s account under another
name…
Operating a commercial
enterprise and disguising it as an NGO. Many schools and hospitals are run
along strictly commercial lines, charging high fees and making a tidy profit.
However they are being constituted as Trusts so as to avoid taxation.
Think about every time
a school takes a ‘donation’ over and above the fees. This is a donation to a
Trust’s corpus fund, but is tax-exempt. Similar examples would abound.
Similarly, many religious places of worship make a lot of money from selling
religious literature, idols, incense-sticks, food and so on, without paying a
paisa of tax on the profit by taking advantage of the loopholes in tax law
surrounding NGOs….
Board of Control for
Cricket in India (BCCI was formed in December 1928 by Jew Rothschild as a
society, registered under the Tamil Nadu Societies Registration Act. The BCCI
logo is derived from the emblem of Rothschild-- the Order of the Star of India.
BCCI does not depend on the Government of India for its finances. SAB MIL
BHAANTKE KHAATE HAIN – WE ALL KNOW !...
BCCI had avoided taxes
on its income, claiming exemption as a charitable organisation. Although the
Income Tax Department withdrew this exemption in 2007-08, BCCI only paid PEANUT
taxes..
--maybe MR THIN UPPER
LIP CAN THROW MORE LIGHT ON THIS !
A PRIVATE NGO BCCI
RULES OVER CRICKET LIKE AN EMPEROR. BCCI CAN SNUFF OUR CAREERS IN THE BLINK OF
AN EYE . SACHIN TENDULKAR HELD ON LIKE A LIMPET FOR THREE FULL YEARS ..
http://ajitvadakayil.blogspot.in/2013/06/travesty-of-justice-sreesanth-and.html
capt ajit vadakayil
..
Delete
Capt. Ajit Vadakayil
March 19, 2018 at 6:36
PM
PUT ABOVE COMMENT IN
WEBSITES OF--
ARUN JAITLEY
FINANCE MINISTRY
RBI GOVERNOR
SBI CHAIRMAN
SMRITI IRANI
I&B MINISTRY
MEA
SUSHMA SWARAJ
NITI AYOG
AMITHABH KANT
PMO
PM MODI
CJI
LAW MINISTER
ATTORNEY GENERAL
SUPREME COURT BAR COUNCIL
CMs OF ALL STATES (
LEAVE OUT MOMOTO AND KACHRAWAAL )
HOME MINISTRY
RAJNATH SINGH
SWAMY
GURUMURTHY
WEBSITES OF DESH BHAKT
LEADERS
SPREAD ON SOCIAL MEDIA
CAPT AJIT VADAKAYIL
..
Tax barriers in the form of CST, entry tax and restricted input tax credit have fragmented the Indian market.
Cascading effects of taxes on cost make indigenous manufacture less attractive. Complex multiple taxes increase cost of compliance.
The existing formations of central excise and service tax under the CBEC have been reorganised to implement and enforce the provisions of GST.
NO MORE RAGADKE KHAINI MOONH MEIN DHALL , RIGMAROLE
WE ASK MODI TO MAKE THE TAX DEPT DIGITALISED – LEAN AND MEAN— BRILLIANT DESH BHAKT PEOPLE WITH DETERMINATION— PAY THEM WELL.
GST will have favourable impact on organised logistic industry and modernised warehousing. GST will facilitate ease of doing business in India.
Integration of existing multiple taxes into single GST will significantly reduce cost of tax compliance and transaction cost.
Stable, transparent and predictable tax regime will encourage local and foreign investment in India creating significant job opportunities.
Electronic processing of tax returns, refunds and tax payments through ‘GSTNET’ without human intervention, will reduce corruption and tax evasion.
Built-in check on business transactions through seamless credit and return processing will reduce scope for black money generation leading to productive use of capital.
GST will harmonise 11 state and central levies into a national sales tax, reducing transaction costs and usher in transparency.
The tax reform will subsume central and state levies such as excise duty, additional duties of customs, service tax, value added tax, central sales tax, entry tax, octroi and luxury tax.
HULLO ARUN JAITLEY—
QUESTION—
WE KNOW LALIT MODI IS CLOSE TO A RAJASTANI WOMAN POLITICAN.
WHAT ABOUT YOU , DEAR ARUN PAAJI ?