SHELL COMPANIES for money laundering, tax evasion, hiding kickbacks, layering PART 26 -- CAPT AJIT VADAKAYIL

THIS POST IS CONTINUED FROM PART 25, BELOW--

http://ajitvadakayil.blogspot.in/2017/03/shell-companies-for-money-laundering_24.html

EVER HEARD OF “SWEAT EQUITY “  WHICH SHASHI THAROOR GAVE HIS WIFE SUNANDA THAROOR ?

ALMOST EVERY IPL CRICKET TEAM IS SHORED UP BY OFF SHORE SHELL COMPANIES.

EVERYBODY KNOWS THIS !

WE KNOW WHO ALL IN MEDIA AND THE GOVT MADE MONEY BY NOT REPORTING THIS..

Sweat equity is a party's contribution to a project or enterprise in the form of hajaaar effort and toil, as opposed to financial equity such as paying others to perform the task.    

Sweat equity has an application in business for example where the owners put in specific intellect , effort and toil to build the business and thus creates  measurable market rate value. 

Sweat equity, in the context of real estate, refers to value-enhancing improvements made by homeowners to their properties.

 “Sweat equity shares” means such equity shares, which are issued by a Company to its directors or employees at a discount or for consideration, other than cash, for providing their specific technological know-how or making available rights in the nature of intellectual property rights or value additions

In essence, sweat equity shares are issued by a company to its employees or directors at a discounted rate or for consideration other than cash

Sunanda Pushkar was made a Director of the company on 25 February 2010, just 18 days before the IPL bid. 

There were allegations that Shashi Tharoor had misused his ministerial position to ask for a free stake in the company, and that girl friend  Sunanda was acting as a proxy for him. 

The controversy ultimately resulted in Shashi Tharoor's resignation as a minister. In her defence, Sunanda argued that she had been invited to join Rendezvous because of her "extensive international experience as a business executive, marketing manager and entrepreneur" ( BAAAP RE ! )

Only an employee or director of the company is entitled to such a stake--   while in the case of Sunanda ( before marriage  to Tharoor ) her purported role of a sales and marketing consultant with RSW ( Rendezvous Sports World ) is a clear question mark.

Rule 6 bars a company from issuing sweat equity shares of more than 15% of total paid up equity share capital in a year or shares in excess of the value of Rs. 5 crore, whichever is higher  .   This must not exceed Rs. 5 crores in value—while Sunanda Pushkar received 18% equity at a valuation of Rs. 70 crore

A separate resolution for approval of shareholders in the general meeting would be necessary if the sweat equity stake is equal to or more than 1% of the issued capital on the date of such issuance.

 In the event the ceiling is to be exceeded, prior approval of the central government would be required—there was no prior government approval.

In the instant case, the reported issue of sweat equity was for Rs. 70 crores, i.e. over and above the ceiling stipulated under the said Sweat Equity Rules and that too without prior Central Government approval.

The Companies Act also stipulates a pre-condition that at least 1 year should have elapsed from the day of commencement of business by the company on the date of issuance of sweat equity.

The Companies Act, 1956 stipulates that sweat equity shares should be of the same class as already issued by the company and such an issuance is required to be authorized by a special resolution passed in the general meeting.    

This special resolution must specify, inter alia, the number of shares, current market price, and class or classes of directors or employees to whom these equity shares are to be issued. 

Rule 4 of the aforesaid Sweat Equity Rules requires an explanatory statement to be annexed to the notice for the said general meeting, which includes the reasons/justification for the issue, the number of shares, consideration and the person's relationship with the company.

What is unique about this contractual arrangement between RSW and Sunanda Pushkar is that the sweat equity issued was supposedly ‘undilutable in perpetuity’ and that it had a lock-in period of just 2 years, whereas the Companies Act nowhere provides for “undilutable sweat equity in perpetuity’.

Rule 10 of the Sweat Equity Rules prescribes a minimum lock-in period of three years for sweat equity, which means that the equity so issued cannot get cashed out before the expiry of three years from the date of allotment.  

Pursuant to section 77A of the Companies Act, there are specific regulations regarding the buyback of shares including where the company must get the resources for the buy back and objectives, conditions and procedures for the buy back of shares.

Section 79A(c) of the Companies Act, 1956 (1 of 1956) (the “Companies Act”), states that a company may issue sweat equity shares only after completing a year since its incorporation.   Rendezvous Sports was incorporated only in August 2009 and therefore a year has not elapsed.

Shashi Tharoor stated that Rendezvous had issued sweat equity to its associates, ie. Sundanda Pushkar in lieu of a salary as this is “common practice across the world for start up ventures”.   

Maaan you fucked it up real bad !

Sweat equity allows a brainy guy t partner up with a money bag with NO brains .  

Below: Sweat equity party Moose and Dilton --  
Wonder where Sunanda baby fits in ? 
She wrangled 70-crore sweat equity or the Rs 400-crore facilitation pact

Sweat equity shares are typically used to encourage dumb work horse Moose,  Richie Rich  and brainy Dilton entrepreneurs to form start-up ventures.

Below: Money bag who gives the sweat equity

However, there are specific regulations in India which must be followed regarding the issuance of sweat equity shares.  There are wise checks and balances in the system.

As you can see ALL Company Act rules have been flouted.

Below: Third marriage couple !

On 15 January 2014, a series of intimate messages, supposedly sent by the Pakistani journalist Mehar Tarar to Tharoor, were posted on Tharoor's Twitter account.   The messages proclaimed Tarar's love for Tharoor.

Shortly before her death, Sunanda stated that she had taken upon herself "the crimes of this man [ husband Shashi Tharoor] during IPL".

 On 17 January 2014, a day after the Twitter controversy, Sunanda was found dead in room number 345 of the Leela Palace hotel in Chanakyapuri, New Delhi.  

On 1 July 2014, controversy over her death deepened when AIIMS doctor Prof Sudhir Kumar Gupta claimed that he was pressured to give a false report in the case. 

Dr Gupta, who was heading the panel that conducted the post-mortem of Sunanda, has filed an affidavit in the Central Administrative Tribunal (CAT) stating that he was pressurised by former union minister and president of AIIMS Ghulam Nabi Azad to act in an “unprofessional” manner to cover up the matter.

On 10 October 2014 the medical team probing her death concluded that she died of poisoning.   On 6 January 2015 Delhi Police reported that Sunanda was murdered and filed FIR in the regard.

http://www.dailymail.co.uk/indiahome/indianews/article-3108122/Doctor-asked-fake-report-Sunanda.html

In 2010, the company Rendezvous Sports World  bid for the Indian Premier League (IPL) cricket team Kochi Tuskers Kerala, which represented Tharoor's native state Kerala. Sunanda Pushkar had equity stakes in Rendezvous Sports World (RSW), heading the  consortium that owns the Kochi team.

It was later disclosed by Lalit Modi ( opening a can of worms ) that Sunanda got sweat equity of the value of Rs 70 crore for HOLD YOUR BREATH --future consultancy work

Law Minister Ravi Shankar Prasad declared that Sunanda Pushkar was not entitled to sweat fuckin’ equity as per the government rules.

Shashi Tharoor maintained that the amount had nothing to do with his active campaigning and mentoring for the Kochi team. This was less convincing as he had specifically mentioned that he had no specific gains from RSW winning Kochi Franchisee.

IPL IS A CORRUPT CIRCUS USING OFFSHORE SHELL COMPANIES,  WITH COMPANY OWNERS BETTING ILLEGALLY.

THE BIG FISH ( TEAM OWNERS )  TRIED TO PUT THE BLAME ON SMALL FISH  ( PLAYERS )  AND SCOOT

http://ajitvadakayil.blogspot.in/2013/06/travesty-of-justice-sreesanth-and.html

Mumbai Police arrested Gurunath Meiyappan ( Chennai Super Kings ) for betting and having links with bookies.  Rajasthan Royals team co-owner Raj Kundra was questioned by the Delhi Police for involvement in illegal betting. Raj baby was suspended from the IPL by the BCCI on 10 June 2013.

On 25 March 2014, the Supreme Court of India told N. Srinivasan to step down from his position on his own as BCCI president in order to ensure a fair investigation into the betting and spot-fixing charges levied against his son-in-law Gurunath Meiyappan who was team principal of Chennai Super Kings, else it would pass verdict asking him to step down.  The Supreme court said it was "nauseating" that N. Srinivasan continued as BCCI chief

Lalit Kumar Modi (was the first Chairman and Commissioner of the Indian Premier League (IPL), and ran the tournament for three years until 2010.   

In 2010, Modi alleged that the Indian National Congress minister Shashi Tharoor held indirect free equity in the Kochi Tuskers Kerala IPL franchise, ultimately leading to Tharoor's resignation as a cabinet minister ( MEA ).

Sunanda baby hasn't invested a rupee, yet her 70 crore stake will keep rising, as IPL does better and the Kochi franchise builds its business.  

Other IPL Kochi financiers will have to keep infusing funds; other shareholders' stakes will diminish as fresh shares are issued.  

But Pushkar and Rendezvous's share will remain unchanged. Also, Sunanda baby can sell her stake at any point.

MAJJA  HAI !

ITHNA  CHENGA  SWEAT  FUCKIN’  EQUITY !

HAMAARA SWEAT EQUITY KITHE ? ( KHOON PASEENA LETHA HAI , PAISA DENA ROTHA HAI )

BATAO NAH !

http://timesofindia.indiatimes.com/news/ipl-ed-issues-notice-to-kkr-co-owners-shah-rukh-khan-juhi-chawla/articleshow/57814228.cms

Khan's company Red Chillies Enterprises Private Limited (RCEPL), the agency said, is a wholly-owned subsidiary of Red Chillies International Limited based overseas in Bermuda and is co-owned by Gauri.

After the success of IPL, about two crore additional shares were issued by KRSPL out of which 50 lakh shares were issued to The Sea Island Investment Ltd (TSIIL), Mauritius and 40 lakh shares were issued to Chawla.

Bermuda earned the dubious distinction of ranking No. 1 on Oxfam's 2016 list of the world's worst corporate tax havens using shell companies . Bermuda features a zero percent corporate tax rate, as well as no personal income tax rate.

Mauritius is a popular gateway for foreign investments using shell companies , particularly those directed to India.   Mauritius has a low corporate tax rate and no withholding tax.   It also does not participate in international taxation anti-abuse and transparency initiatives, making it an attractive tax haven.

https://www.rt.com/business/371242-google-tax-avoidance-bermuda/

FINANCIAL FRAUD IS IMPOSSIBLE UNLESS YOU HAVE THE “GETWAY CAR”

SHELL COMPANIES ARE REQUIRED FOR THIS…

EVERY FILTHY RICH INDIAN RUNS SHELL COMPANIES

EVERYBODY KNOWS THIS.

WHY IS THE MODI  GOVT QUIET FOR THE PAST 3 YEARS ?

WHY ISNT ONE SINGLE CONGRESS POLITICAN IN JAIL ?

BEFORE 1947 ALMOST ALL OF THEM WERE PAUPERS.

http://www.reuters.com/article/us-china-crackdown-capital-idUSKCN0T906C20151120

WHY ARE BIG WIG POLITICIANS PART OF BCCI  AND IPL ?    

TO ENSURE THAT THE LID OF PANDORAS BOX WITH OFFSHORE  SHELL COMPANY SECRETS WITHIN ARE NEVER BLOWN OFF  ..  

https://scroll.in/article/827546/demonetisation-may-have-done-permanent-damage-to-india-political-economist-barbara-harriss-white

BARBARA BABY—FUCK OFF !

YOU DON’T UNDERSTAND ECONOMICS

INDIA HAS STOPPED JUMPING TO THE TUNE OF ROTHSCHILDs ECONOMISTS

THOSE DAYS ARE OVER.

http://ajitvadakayil.blogspot.in/2016/06/gpi-dog-shall-wag-gdp-tail-not-vice.html

THE BIGGEST AND MOST FAMOUS ECONOMISTS OF THIS PLANET LED BY AMARTA SEN ( WITH A ROTHSCHILD WIFE ), IMF, WORLD BANK. ROTHSCHILDs RATING AGENCIES LIKE S&P/ MOODYS/  FITCH,  ANALYSTS LIKE MORGAN STANLEY , THINKTANKS LIKE NOMURA SPELT DOOM FOR INDIAN ECONOMY AFTER DEMONITISATION

JUST SHOWS WHAT THEY ARE WORTH

THESE CUNTS WERE SURPRISED THAT EVEN AFTER DEMONITISATION, INDIAN ECONOMY GDP GROWTH IS STILL HIGHEST ON THE PLANET

MY READERS WILL NOTE THAT THIS BLOGSITE WAS THE ONLY ONE WHO PREDICTED THIS .

THESE CUNTS DO NOT EVEN KNOW THE STRENGTH OF INDIA ECONOMY—  A BANYAN TREE WITH DEEP ROOTS.   

WHETHER THEY LIKE IT OR NOT INDIA IS CURRENTLY GROWING AT 10.6  % FAR HIGHER THAN THE 7.1%  THEY HAS PUBLISHED

The Indian informal sector accounts for 45 % of India's GDP and employs more than 78% of the Indian labour force. The money generated by the small scale Industries can be factored in only when he digitalise this informal sector. 

If people dont believe just take a trip to Tiruppur

We ask the NGT – take responsibility.   It is easy to point fingers at Tiruppur.  

As a ship captain I never pointed fingers unless I had the merit to  rectify a situation myself .   

Is the NGT working for Bharatmata ?

The number of Small and Medium Enterprises (SMEs) and family based Ultra skilled industries ( which Kailash Satyarthi tried to kill ) in India stands at 37 million  units.  They employ more than 81 million souls . 

China can suck on this !

WE ASK THE MODI GOVT TO PROVIDE SUBSIDIZED ( 30% COST ) ATM CARD SWIPERS TO POOR TRADERS AND THAT TOO ON LOAN.

http://ajitvadakayil.blogspot.in/2014/11/abolish-income-tax-in-india-have.html

By the way, Tokushichi Nomura II and his father Nokushichi Nomura  were  Jew Rothschild’s agents--  a mere local BENAMI front for brokerage firm Nomura Securities

Foreign investors wanting to buy smaller quantities of Indian debt and stocks can use two routes. One, by registering with the market regulator SEBI as foreign portfolio investors (FPIs) and investing in to India. 

Those who do not wish to register with SEBI can buy Indian assets by buying participatory notes. Foreigners willing to buy larger stake in to Indian companies use the Foreign Direct Investment (FDI) route.

If FDI investors are long-terminvestors, FPIs are medium or short term investors and P-note buyers are ultra short term investors.

P-notes are contracts issued by FPIs to entities outside India. These contracts have either equity, debt or derivatives as underlying. 

Many foreign investors preferred to use this route for investing in to India as it was speedier and required lesser regulatory compliance.  Most of them are rogues who have salted their bribes/ kickback money offshore  .

Others used this channel to hide their identity from the Indian regulator.  

Registered foreign portfolio investors such as JP Morgan, HSBC, Goldman Sachs and UBS issue P-Notes.

P-Notes are instruments issued by registered foreign portfolio investors (FPIs) to overseas investors, who wish to invest in the Indian stock market without registering themselves with the market regulator. 

They DELIBERATELY the investor’s identity to be kept anonymous.   A lot of them were ministers in the govt of the Italian waitress.    P-Notes accounted for over 60% of total foreign holdings in the recent past

The dividends from the stocks purchased are transferred to the end investor. The anonymous nature of transaction, DELIBERATELY opens the door for unscrupulous behaviour. 

A hedge fund participating through this mode may be able to influence the volatility and buying behaviour of the market participants artificially without revealing its intention or identity. 

 Round tripping money into the capital market through tax havens with the help of P-notes is happening and Indian Govt does NOT have a clue.. The question mark over the identity of the final beneficiary also lead to suspicion of money laundering through these contracts

The opaqueness of the transaction leads to the returns being used for terrorist activities.   

INDIA IS THE ONLY NATION ON THE PLANET WHERE INDIAN BANKS GIVE LOANS TO TERRORISTS TO BLEED BHARATMATA

SEBI has recently taken a series of actions to tighten regulation to prevent the misuse of this channel. Greater scrutiny has now brought the total assets managed as P-Notes from 60 per cent in 2007 to 12 per cent today.

SEBI has recently directed P-note issuers to collect the same details on ‘Know your customer’ from the P-note buyers as SEBI does for the domestic investors. FPIs have also been directed to report details about onward issuances of these contracts. A P-note buyer is also now required to inform the issuer before he transfers the contract to another entity.

P-Notes are an opaque route for investment which leaves room for round-tripping—the practice of money stashed away overseas by Indians returning home through tax havens in the garb of foreign capital—and money laundering. 

Everybody knows this .   

Why do we allow  P-Notes, which keeps the investor anonymous, who do “multi-layering”, which makes it impossible to know the actual beneficiaries. 

P notes are transferable in nature. This makes tracing the “true beneficial owner” of P notes even more difficult since layering of transactions can be made so complex so as to make it impossible to track the “true beneficial owner”. 

SEBI needs to examine if this provision of allowing transferring of P notes is in any way beneficial for easing foreign investment. Any investor wanting to invest through P notes can always invest afresh through an Foreign Portfolio Investor (FPI) instead of buying from a P note holder.

If there is political will we can catch all the politicians in the govt of the Italian waitress and hang them by the balls upside down at every street corner lamp post in Delhi

WE WANT PM MODI TO PREPARE A PAPER ON SHELL COMPANIES AT G20 SUMMIT IN GERMANY.  

BLACK BALL ROTHSCHILDs BANKS WHO COME IN THE WAY, QUOTING FAAALTHU SECRECY.    USE TRUMP AND PUTIN TO PUSH YOUR CASE ..

WHY DID IPL IN SOUTH AFRICA HAVE THE BEST WHORES ( nay escorts/ cheerleaders  ) ON THE PLANET AT THE NIGHT PARTIES ?    

I HAVE RICH FRIENDS IN SOUTH AFRICA WHO GIVES ME MASALA .   

THERE ARE HOTEL OWNERS WHO KNOW ( CAM RECORDS )  , WHO WENT INTO WHOSE ROOM AT NIGHT AND WHAT TIME THEY EMERGED OUT AGAIN.  

SOME WERE BOLLYWOOD FEMALE STARLETS  

THEY WERE PRAYING, RIGHT ? ( THE HIDDEN CAMS IN THE ROOMS SAY A DIFFERENT STORY )

Money Laundering, match fixing, betting, illegal gratification, bribery, fraud, forgery, it has it all.  Then how can sex be far behind ?

Pray ?

Prithee ?

WHY ARE WE UNABLE TO EXTRADITE LALIT MODI ?    HE WAS A FAILED BUSINESS MAN TILL THE IPL HAPPENED IN SOUTH AFRICA .

I KNOW !

ROTHSCHILDs KOSHER BANKS HELP RUSSIAN JEWS

http://money.cnn.com/2017/03/24/news/russia-money-laundering-global-banks/index.html?source=zacks

The Organized Crime and Corruption Reporting Project (OCCRP), founded in 2006, is a consortium of investigative centers, media and journalists operating in Eastern Europe, the Caucasus, Central Asia and Central America.  

 OCCRP is the only full-time investigative reporting organization that specializes in organized crime and corruption. It publishes its stories through local media and in English and Russian through its website.

WE NEED SOMEONE OUTSIDE THE JEWISH NETWORK TO REPORT ON FINANCIAL CRIMES BY JEWS.     

JEW MEDIA WILL NEVER REPORT CRIMES BY ROTHSCHILDs JEW AGENTS.

OCCRP has dedicated the Person of the Year Award that "recognizes the individual who has done the most in the world to advance organized criminal activity and corruption".— in 2014 it went to Putin.

The organization also trains reporters and partners in advanced journalism techniques, builds practical, high-use tools used to improve the efficiency of reporting and publishing and is actively reinventing investigative journalism to be more interactive, more effective, more impactful and relevant to reader

OCCRP is supported by grants by the United States Agency for International Development (USAID) and lately Jews are escaping through this filter.

The OCCRP networko has projects and programs funded in part or done in partnership with other organizations including the International Consortium of Investigative Journalists (ICIJ),

The International Consortium of Investigative Journalists (ICIJ) is a Washington-based international network launched in 1997 by the Center for Public Integrity which includes 165 investigative journalists in over 65 countries who work together on "issues such as "cross-border crime, corruption, and the accountability of power.  

Again this filter never catches Jews 

  

The ICIJ partnered with The Guardian, BBC, Le Monde, the Washington Post, SonntagsZeitung, The Indian Express, Süddeutsche Zeitung and NDR to produce an investigative series on offshore banking. But hey—they will never catch Rothschild’s agents

The ICIJ and Süddeutsche Zeitung received the Panama Papers in 2015 and distributed them to about 400 journalists at 107 media organizations in more than 80 countries.   

But hey, US BIG FISH Jews do NOT figure in the Panama Papers

BRAAAYYYYYYYYYYYYYY !

Deutsche Bank was hit with about $630 million in penalties in January over an unrelated $10 billion Russian money-laundering scheme. French bank BNP Paribas (BNPQF) pleaded guilty in 2014 to violating U.S. money laundering laws by helping clients dodge sanctions on Iran and Sudan. 

In 2012, HSBC paid $2 billion to settle U.S. allegations that it allowed drug cartels to move billions of dollars across borders.

HERE IS WHAT JEWISH BANKS DECLARE

HSBC: "HSBC is strongly committed to fighting financial crime. The Bank has systems and processes in place to identify suspicious activity and report it to the appropriate government authorities. This case highlights the need for greater information sharing between the public and private sectors, each of whom holds important information the other does not."

Standard Chartered: "In line with our commitment to preventing fraud, money laundering and terrorist financing, we will investigate any indications of suspicious activity and if appropriate report those findings to law enforcement."

Royal Bank of Scotland: "We are committed to combating financial crime and money laundering in line with our regulations and have controls and safeguards in place to identify, assess, monitor and mitigate these risks."

UBS: "UBS applies a robust money laundering prevention framework across its business operations globally, consistent with locally applicable regulations. On a global basis, we file a significant four-digit number of reports on suspicious activities to anti-money laundering authorities every year."

Citi: "Among our most serious obligations as a bank is to achieve the strongest possible system for anti-money laundering and sanctions compliance to protect the financial system from being used as a tool by criminals and terrorists. We continually take steps to strengthen and enhance our anti-money laundering program in order to anticipate and respond to the changing patterns of criminal and terrorist behavior."

ING: "Obviously we have specific policies and regulations regarding client and transaction screening and monitoring to prevent us from being used by criminals. When applicable, we report to and work with relevant authorities. However, it is ING's policy not to comment publicly on individual clients, transactions or investigations."

Barclays: "Barclays complies with the rules and regulations in all the jurisdictions in which it operates and has systems and controls in place to mitigate the risk of the bank being used to facilitate financial crime. This includes risk based systems and procedures to monitor ongoing customer activity, which we constantly review, and procedures for reporting matters to the relevant law enforcement authorities as appropriate. In addition, through a number of industry initiatives, Barclays partners closely with global law enforcement in the fight against financial crime."

WHERE IS MY BANANA ?

“You know, if you’re caught with an ounce of cocaine, the chances are good you’re going to go to jail. If it happens repeatedly, you may go to jail for the rest of your life. But evidently, if you launder nearly a billion dollars for drug cartels and violate our international sanctions, your company pays a fine and you go home and sleep in your own bed at night.” U.S. Senator Elizabeth Warren

On 10 April 2006, a DC-9 jet landed in the port city of Ciudad del Carmen. Inside the jet were 128 cases packed with 5.7 tons of cocaine, valued at $100m.

During an almost two year investigation by the DEA and the IRS it emerged that the smugglers had bought the plane with money they had laundered through one of the biggest banks in the United States: Wachovia, now part of Wells Fargo.

The authorities uncovered billions of dollars in wire transfers, traveler's checks and cash shipments through Mexican exchanges into Wachovia accounts.

Criminal proceedings were brought against Wachovia but, even though it was the biggest action ever brought under the US bank secrecy act, the case never made it to court. In March 2010, Wachovia settled through the US district court in Miami and the bank is now in the clear.

A Lebanese bank accused of laundering drug money through U.S. banks and routing it to Hezbollah will pay $102 million to settle a 2011 lawsuit brought by the U.S. government.

The U.S. accused the Lebanese Canadian Bank (LCB) of using the U.S. banking system to launder proceeds from drug trafficking through West Africa and back to Lebanese financial institutions with ties to Hezbollah.

The profits KOSHER  banks can make from handling dirty money far outweigh the sanctions they currently face for getting caught.    There is a fairly simple answer to this.  Senior executives have to be held personally accountable when their banks break the rules, or else it will keep happening.  We have to overhaul the system, or we will keep giving the criminal and corrupt a free pass.

WE NEED TO JAIL THE CORRUPT BASTARD BANKERS

Praveen BajiMarch 25, 2017 at 10:32 PM

Dear sir,Sebi directed India's largest private sector company Reliance Industries to pay up - within 45 days — Rs 447 crore plus interest on it at 12% for almost 10 years — which adds up to nearly Rs 1,000 crore — for alleged fraudulent trading in RPL shares long back from 2007. Sir u may know so many traders and investors lost money in RPL and RNRL.It was the clear insider trading RILis in the process of to prefer an appeal and challenge the order in the Securities Appellate Tribunal.

1. 
   Capt. Ajit VadakayilMarch 25, 2017 at 10:43 PM

   MUKESH AMBANI BABY WILL RUN TO SAT

   
   MAJJA HAI !
   
   The Securities and Exchange Board of India (SEBI) is responsible for protecting the interests of investors in securities and to promote the development of, and to regulate the securities market and for all other connected matters.
   
   To protect and be responsive to the needs of three groups of people (issuer of securities, investors and market intermediaries), SEBI has been invested with three necessary functions rolled-in to enable it to carry out its mandate: Quasi-legislative function = drafts regulations Quasi-judicial = passes rulings and judgments; prosecute and judge directly certain violations Quasi-executive = investigation and enforcement actions.
   
   
   Since these powers make SEBI a very powerful body, an appeal process has been created to ensure accountability. For the quasi judicial functions, there is a Securities Appellate Tribunal, which is a three-member tribunal.
   
   
   Securities Appellate Tribunal is a statutory body established under the provisions of Section 15K of the Securities and Exchange Board of India Act, 1992 to hear and dispose of appeals against orders passed by the Securities and Exchange Board of India or by an adjudicating officer under the Act and to exercise jurisdiction, powers and authority conferred on the Tribunal by or under this Act or any other law for the time being in force.
   
   The Union Government also reserves the right to notify as many SAT’s as is needed.
   
   The Securities Appellate Tribunal has only one bench that sits at Mumbai and has jurisdiction over all of India.
   
   WITH A COLLEGIUM JUDICIARY, WE KNOW WHAT THIS TRIBUNAL IS WORTH !
   
   Composition of SAT
   
   SAT shall consist of the following:
   
   One Presiding officer
   Two other members
   Presiding Officer
   
   The Presiding Officer of SAT shall be appointed by the Central Government in consultation with the Chief Justice of India or his nominee.
   
   The person to be appointed as the Presiding Officer must;
   
   Be a sitting or retired Judge of the Supreme Court ; or
   Be a sitting or retired Chief Justice of a High Court ; or
   Be a sitting or retired Judge of a High Court, who has completed atleast 7 years of service.
   
   BRAAAAYYYYYYYYYYYYYYYY !
   
   capt ajit vadakayil
   ..

SEBI, in a 54-page ruling, said Reliance had as a result made a profit of 5.1 billion rupees and ordered it to forfeit 4.5 billion rupees plus interest within 45 days. India's market regulator accused Reliance Industries on Friday of having committed a "fraud" in taking a short trading position at the time of selling a stake in a subsidiary in 2007, ordering it to surrender 4.5 billion rupees ($69 million) plus interest in "unlawful gains".

In its ruling SEBI alleged that before Reliance Industries sold a 5 percent stake in Reliance Petroleum in November 2007, when it was a separately listed company, it took derivative short positions through third parties in Reliance Petroleum shares, to profit from an ensuing fall in the price following the sale.

LOSER LAWYER TURNED JUDGES WHO WILL SCORE ZERO IN AN EXAM I WILL ASK THEM TO ANSWER RULES BHARATMATAs DESTINY

BETFAIR WAS INVOLVED IN IPL BETTING

https://betting.betfair.com/cricket/indian-premier-league/ipl-betting/

IPL WAS A CIRCUS. 

http://www.onlineiplbetting.com/sportsbook/betfair

YET OUR COLLEGIUM JUDGES BURNT MIDNIGHT OIL FOR IPL !

WHY ?

http://www.independent.co.uk/news/business/gambling-rivals-paddy-power-and-betfair-create-worlds-biggest-bookie-in-6bn-deal-10472938.html

http://www.paddypower.com/bet/cricket/ipl-coupon

Below: Sreeshant was was in the WORLD No 1 team of TESTS/ ODI / T20 is black bagged like a terrorist.  BIG FISH went free.

NOT A SINGLE MEMBER OF THE INDIAN CRICKET TEAM ATTENDED SREESHANTs WEDDING .  HE MARRIED A RAJPUT PRINCESS   

THEY WERE SHIT SCARED OF BCCI.     

SHOWS WHAT INDIAN CRICKET TEAM SPIRIT IS WORTH.    SREESHANT HAS BEEN ACQUITTED BY SUPREME COURT

http://ajitvadakayil.blogspot.in/2013/06/travesty-of-justice-sreesanth-and.html

Gaurav Burman, who is married to Lalit Modi’s stepdaughter, told Indian media ET that he also owns a stake in the Punjab Mohali IPL team.  

He volunteered this information while responding to allegations in the report that he is linked to Betfair, a UK firm that runs one of the world’s largest betting syndicates on the Internet.

WSG and IMG, two companies that received BCCI contracts, are both old business partners in Modi’s own businesses.    Modi Entertainment Networks runs Fashion TV in India. IMG did business with Fashion TV for years before it won the contract for managing IPL. 

IMG, a powerful global firm with interests in sports, media and entertainment, was to get 10% of IPL’s revenues as management fee.   In July 2008, following murmurs that this was too sweet a deal, BCCI terminated the contract.

In 2013, a BCCI committee found Modi guilty on 8 charges, which resulted in his expulsion from BCCI. The committee was led by the BCCI vice-president and BJP leader Arun Jaitley; its other members included the Congress leader Jyotiraditya Scindia and Chirayu Amin. The charges against Modi included:---

Rigging bids: Adding two onerous clauses to the invitation to tender draft without informing the BCCI, to favour two bidders. (Modi claimed that he had verbally informed the BCCI President Shashank Manohar).

Threatening a representative of the Kochi Tuskers Kerala to give up their franchise rights or face sanctions

Favouring World Sports Group (WSG) for TV rights

Failing to disclose links to owners with interests in Internet rights (Guarav Burman, his step-daughter's husband, held a stake in Global Cricket Venture)

Misconduct of threatening to "expose certain individuals in the BCCI" via tweets

Planning a rival cricket league with clubs in England

Awarding theatrical rights to a company without the governing council's approval

Signing a free commercial time deal with an agency without the governing council's approval

As a result, BCCI banned Modi for life in 2013.

According to an income tax confidential report submitted to the finance minister    Lalit Modi who was till a few years ago, a business failure with a string of failed ventures, debt-ridden and almost bankrupt is now a billionnaire.     His lifestyle includes a private jet, a private yatch, a fleet of Mercedes and BMW cars and 7 star luxury stays.

PM MODI IS A BABE IN THE WOODS

HE DOES NOT KNOW HOW TO EXTRADITE LALIT MODI FROM BRITAIN-- PAAVAM 

AND OF COURSE BIG FISH IN INDIA WHO RUNS SHELL COMPANIES DOT WANT HIM BACK

Lalit Modi is known to have access to or operate several benami foreign bank accounts including some in tax havens like Mauritius and Switzerland through his proxies and associates. In India , leave alone IPL—every BIG FISH operates shell companies

There are allegations of manipulation of land deals in Rajasthan and the existence of a maze of shell companies and offshore entities used to route payments and equity stakes worth hundreds of crores of rupees.

Indian investigators accessed his email account, confidential conversations on a UK-registered cell phone number and regulatory filings from across the globe, from Mauritius to Ireland to the US.  Some other Indian cell phone numbers have also been unearthed which the I-T sleuths claim Mr Modi “keeps changing”.  

The report alleges that Modi has silent ownership in three IPL teams—Rajasthan Royals, Kolkata Knight Riders and Kings XI Punjab. According to the report, Rajasthan Royals’ owner Emerging Media is controlled by Manoj Badale, Mumbai Education Trust and Ranjit Thakre, a former employee of ITC Ltd. 

It says a 25% stake in the team is with “hidden owner” Suresh Chellaram, a Nigeria-based co-brother-in-law of Mr Modi. I have colleagues who have worked in Chellaran Shipping.   I know the secrets

Suresh Chellaram, a Nigeria-based businessman who married the sister of Modi’s wife, holds at least a 44 per cent stake in EM Sporting Holdings Ltd that owns the Rajasthan Royals. Kundra and Shilpa own 11.7 per cent shares through Kuki Investments. Media mogul Rupert Murdoch’s son Lachlan, too, has a stake.

The list of alleged tax evaders, who have stashed away billions of rupees in off shore accounts, comprises the owners of Kochi IPL franchisee -- Dilip, Arun and Harshad Ramnik Lal Mehta -- who are among the biggest diamond merchants in the world.

The Mehtas, who own 12 per cent stake in Kochi IPL, have secret accounts in LGT Bank of Leichenstein. They allegedly siphoned funds through fronts which have money trails linked to tax havens in Luxembourg and Guernsey.

Diamond firm Rosy Blue, in which the Mehtas hold shares, was used to park funds abroad. Shell companies controlled by secretive trusts in Guernsey were also used to siphon off funds. Pine Trust and Beech Settlement used Deutsche Bank as trustees to illegally park money.

A company registered, say, in Mauritius can borrow funds from an entity in another off-shore tax haven like Cayman Islands, compelling tax authorities to look beyond Mauritius to track the money trail.  

Today, India does not have tax information exchange agreements with tax havens, including Cayman Islands or Bermuda, though it has initiated the process of negotiating pacts with these countries.  So, verifying the ownership of some of the IPL franchisees could take a long while if the money has come through many jurisdictions.

We ask Donald Trump to use G20 summit at Germany to put the screws on Shell Companies 

Create a world wide treaty where these countries which harbor off shore entities will have to share information if the treaty partner places a request.   

Bank secrecy MUST  not come in the way and they will also have to disclose details on the ownership of companies registered in their jurisdictions.

Force Rothschild’s banks to be transparent or face sanctions.. Throw a spanner into the works of Bilderberg INNER club of which JEWESS Hillary Clinton was a member

http://ajitvadakayil.blogspot.in/2011/09/shrewd-club-within-naive-bilderberg.html

In the South African IPL some CHEER LEADERS high on drugs revealed how much they earn in one night.  

The Rajasthan government is mulling action against both Modi and his wife Minal, who as directors of a company, were allegedly involved in the purchase of the heritage buildings or havelis.. in the protected Amer Palace zone

Amer Heritage City Construction Pvt Ltd, which later changed its name to Ananda Heritage Hotels, with Lalit Modi and his wife as directors, had purchased four government havelis.

Police sources admitted they had received complaints about black marketing of tickets. However, no official complaint had so far been lodged.   Complimentary tickets were  sold at as much as Rs 60,000- 1.50 lakh

IPL was initiated by the Board of Control for Cricket in India.  As soon as it was formulated many people cried out loud that the sole purpose of IPL is to launder money. 

Match fixing and betting is not allowed in India. But many Indians are participating in betting for IPL through many online websites from Mauritius, UK, South Africa and Nigeria.

 IPL is a major source for some individuals or parties to bring that money from Swiss banks to India for utilize it in investing in various business firms. NRI, Non resident Indian play an important role in this conversion.   

If we analyze the owners of IPL teams , then we can see huge NRI presence in shareholders.  As per laws in India, an NRI can bring tons of money through his account to invest in India without any barrier or using some simple formalities.

Mauritius is top among these because an investing NRI in Mauritius can bring huge amount  of money from any Swiss Bank account to their operating account in Mauritius. Then the NRI transfer the money to India through his/her NRI bank account in India and invest in Indian business firms. Due to this IPL became an easy way to turn BLACK money into WHITE

Tax authorities sent out summons asking BCCI to disclose the balance-sheet of its arm, the Indian Premier League (IPL), ownership and shareholding of franchisees since inception and their contracts with IPL.  After searches and surveys, taxmen are still sifting ( SIC ) through a mine of information, hoping to track the money trail.

http://www.ndtv.com/india-news/iplgate-sharad-pawar-backs-praful-patel-416319

Every body praises Lalit Modi’s vision of IPL

Balls—he just lifted it from ICL ( Kapil Dev /  Subhash Chandra )

shrikant agarwalMarch 26, 2017 at 1:05 AM

Captain,
Axa insurance chairman is the new head of Bilderberg group, the same company who teamup with bharti of sunil mittal to create bharti AXA insurance company

Capt. Ajit VadakayilMarch 26, 2017 at 1:37 AM

hi sa

AXA was created by French Rothschild 200 years ago as s Mutuelle de L'assurance contre L'incendie.
They have spread their roots in India Bharti-AXA Life and Bharti-AXA General Insurance. Bharti Enterprises shares 51% stake in the venture while AXA Group shares 49% stake.

The company offers general insurance products to retail and commercial clients. Bharti AXA started its operations in India from August 2008. Currently, it has 79 branches around the country.

Bharti AXA General Insurance Company Ltd is a general insurance company that primarily offers over 50 products catering to retail, rural, and commercial clients. The primary general insurance products in the domestic category include car insurance, two wheeler insurance, health insurance, critical illness insurance, personal accidental insurance, home insurance, and travel insurance

WE KNOW WHICH ALL POLITICIANS HAVE GOT KICKBACKS FOR ALLOWING AXA AN ANTRY—AND WHO ALL ARE IN THEIR PAYROLL.
Enron who cheated India was the biggest political contributor to te US President—(contributed $736,800 to George W. Bush). AXA is also one of the biggest donors

http://www.independent.co.uk/news/business/news/axa-president-arrested-after-investigation-into-tax-evasion-5364478.html

Henri de La Croix de Castries WAS chairman and CEO of AXA.
De Castries was AXA CEO for 17 years.. 

The AXA Group ( owned by Jew Rothschild ) is the world’s largest insurance group with total assets of more than 1.2 TRILLION USD.. .

In the Fortune 500 lists it as the 18 th biggest company in the world.
His family were Rothschild’s agents..

Henri de Castries chairs the Bilderberg Group INNER club since 2012, a mere front of Jew Rothschild . 

He took over from Étienne Davignon

http://ajitvadakayil.blogspot.in/2011/09/shrewd-club-within-naive-bilderberg.html

The house of la Croix de Castries is a French noble family from Languedoc of Rothschild blood. They are Jews--they claim to be Christians

capt ajit vadakayil
..

Capt. Ajit VadakayilMarch 26, 2017 at 5:08 AM

Talking about night parties at IPL and who goes into whose room at night

My officer’s wife was floor manager at a 7 star hotel.

She said -- every time Vivian Richard stayed in her hotel, strict instructions would be given to the reception by him NOT to allow Nina Gupta to his room. This pathetic woman who bore his baby would be turned away at the reception.

And what about Pakistani cricketer Imran Khan ?

My Bong Chief Engineer told me this.

The hotel would wait for a Bong film actress to arrive and then inform the press who would be hiding with cameras outside his room.

My wife is named after her mother who was a superstar, a respected Bong actress –she acted in Hindi films too.

Once the press printed HEADLINES in a newspaper and slipped it under the door in the morning.

WHAT IS MXXN MXXN SXN DOING IN IMRAN KHANs HOTEL ROOM FROM MIDNIGHT TO MORNING . 

Imagine her condition when she got up and read the newspaper in the morning.

This is her daughter’s video who is also in films.  Only men above the age of 18 can watch it

https://www.youtube.com/watch?v=yGbUepPAONc

THIS POST IS NOW CONTINUED TO PART 27 , BELOW--

http://ajitvadakayil.blogspot.in/2017/03/shell-companies-for-money-laundering_50.html

CAPT AJIT VADAKAYIL
..