Tuesday, 21 February 2017

OVER A CUP OF COFFEE – RECENT REVELATIONS ON FOREIGN BANK ACCOUNTS

OVER A CUP OF COFFEE – RECENT REVELATIONS ON FOREIGN BANK ACCOUNTS

It was decided by Shyam and Gopu to meet with the new revelations of foreign bank account of Sri Karthik Chidambaram, son of the former Finance Minister in the UPA Govrnment.

The revelations though important were not given the due importance by the TV channels and even the newspapers.  The Hindu carried the press conference with details in its Page 12 (Bangalore Edition), with the IPL auction and Ben Stoke leading the pack occupying the Front Page.   The details given by Dr. Swamy is not just about an account in some foreign bank but about 21 accounts as alleged by him not figuring in the retuns of IT filed by Mr. Karthik Chidambaram.  Dr. Swamy asked for the intervention of the PM Shri Modi, alleging inaction on the part of the Ministry of Finance.  If so, this is a very serious matter.  It all the more assumes importance with the allegation of Dr. Swamy, that the inaction is due to the officials appointed by the previous Finance Minister who were the ones to deal with the matter and to cap it all, he said that it is for saving the father and son duo.

Gopu told Shyam, as he was sipping the coffee, the allegation that investigative agencies have been asking to prosecute Mr. Karthik Chidambaram under the Prevention of Money Laundering Act but it has not happened also assumes importance, as it seems there is willful act of not going about even initiating action on the matter.  Shyam felt it needs more details such as the period in which the investigative agencies informed for action to prosecute.  If it had been over a considerable period of time, the matter assumes serious proportion.  Even the question arises whether the matter was taken by Dr. Swamy too with the Minsitry of Finance and seeing no action only, he has requested the PM to intervene.   Above all, Shyam felt the party as a whole, BJP should rise up in eradicating corruption.  By this time, they should have called Dr. Swamy to address their party working committee members which would have naturally brought all members connected to give their opinion and also act further on the subject.

Later in the day, however Mr. Karthik Chidambaram has tweeted that some outrageous claims have been made about him. His IT filings are upto date and in conformance the rules requirements.  He has also said his companies have made all declarations as per the statutory requirements. 


The matter being very serious, it invites the Prime Minsiter’s immediate attention and hope the PMO is keeping him abreast of the developments on 21 foreign bank accounts of Mr. Karthik Chidambaram and also the reply tweet of Mr. Karthik Chidambaram on the subject.   Though the report on The Hindu on this particular article their special correspondent does not reveal the amount involved, there is reports various Social Media Platforms, that the amount involved is 6Lakh Crores.  Hope the Prime Minsiter who is hell bent on eradicating corruption will do the needful said Gopu and asked for details from Shyam in the coming weeks, as he would be busy with his office work and bid bye.