When would our country be relieved of the Scams’ curse

It’s really shocking to note that during the last few years the country has been witnessing scams after scams and it seems as if more are in the offing. To name a few right from the days of late Rajiv Gandhi from Bofors to 2G to Coalgate to Madu Khoda’s massive mining scam to Subroto Roy’s Sahara chit fund to Lalit Modi’s to Vijay Mallaya’s to the recent one Nirav Modi scam worth thousand and thousands of crores it’s been experienced that not only do the scamsters go finally scot free and by the time flies things become diluted but these multi crore embezzelements of public exchequer’s money also give enough political fodder to parties in power and opposition to blame each other on television channels to derive poltical mileage than actually nailing the real culprit and bringing back the stolen booty into the financial coffers of the government.

In cases like Bofors and 2G scams which were the main propaganda issues in the national elections for the opposition political parties to dislodge the then ruling parties (like the BJP that defeated Congress) the alleged culprits have been unamiguously exonerated despite the fact that governments had changed on these nationally and internationally hyped scams which were almost everyday’s headlines of the national dalies and main stories of the new channels of the country which earn handsome revenue through advertisements as their TRP increased manifold.

Even big financial defauters or crooked businessmen like the Sahara Chief Subroto Roy who’s behind bar and had amassed wealth and properties worth thousands of crores is not showing the due interest in returning peoples’ money despite tremendous pressure from the Apex Courts. Similarly these called prestigious builders of the country like the GAURS etc have siphoned off hundreds of crores of the peoples’ money and are under the scanner of various financial regulators and agencies for duping hundreds of flat aspirants who’d deposited their hard earned money and life savings to them expecting residential accomodations.

The cases of Lalit Modi, the Kingfisher MD Vijay Malaya both of whom duped the Indian government of around 15000 or more crores are also scot free enjoying their comfortable and luxurious stays in foreign land like Britain, depositing and investing major part of the siphoned money there, thus exhibiting a thumb to Indian authorities.

As if these cases of duping the Indian Banking and financial authorities were not enough, another scam of more than 11000 crores of diamond jewellery Neerav Modi has come to light with the ruling party leaders and the opposition trading charges on each other of promoting the scam under their respective political patronages and appearing on television debates trying to derive maximum political mileage.

The moot point is why don’t these political parties and their mandarins instead of involving themselves in these process of trading charges on each other, allow the investigating agencies to do their job impartially and with utmost devotion, to nail the actual culprits and bring back the siphoned off money so that the tax payers money stolen by these sharks can be recovered for the development of the country and improving the lot of the people than doing futile NETAGIRI on these issues.

Everybody know that no corporate house, big businessman or high profile company except few, can achieve progress without the political patronage or governmental support but in the cases of huge scams such as these, the investigative agencies such as , CBI, ED, police, Income Tax, excise etc and the judiciary should be given full freedom and autonomy to investigate cases and punish the guilty with stringent imprisonment followed by the recovery of the siphoned off money so that the nation and its tax payers do not suffer for the massive fraud of these fraudsters.

Politics and political patronage should be kept at quite a distance on such matters of financial insecurity and economic loss to the nation . Today, unfortunately the losses in the economy on wide scale are due to lakhs of crores of the unpaid loans of certain big corporate houses who are not ready to pay their debts and the ultimate sufferers are the government and its people. There are myriad number of companies, financial private institutions, builders, chit fund manipulators and investment companies assuring poor and illetrate, even middle class investors of doubling their money in short span having duped them of their hundred of crores and further transfering them abroad and closing their offices to the utter dismay, surprise and shock of million of investors. I am myself like thousands of others, the victim of one such MUMBAI based company called CITY LOUIMISOUNE who duped thousands of crores and left its investors in huge financial lurch. The moot point is how long will this go in our country.
SUNIL NEGI