Tuesday, 12 July 2011

Habitual offender: Senior Punjab Police official caught taking bribe

Nothing new, All successive govts. of Punjab are known for nurturing corrupt police officials to achieve their oblique political objectives. Every state institition is corrupt. Corruption Corrruption Corruption..... Indian govt is corrupt from head to toe.

Ordinary citizens are on the receiving end. Innocent life's are in the hands of the Criminals. These are people who supposed to protect public and to bring the guilty to justice. Can you imagine what kind of justice could be done if law enforcement agency is totally corrupt.

This officer was earlier arrested three years ago in connection with a sex scandal, where he is implicating innocent people to extort money. But the Govt. Of Punjab did not sanction his prosecution.

What a shame. It is really disgusting. How govt of Punjab can justify that security of people of Punjab is safe in the hands of these criminal police officers. Why the prosecution was not granted, why CBI application is kept in abeyance from last three years. Is this a democracy of dictatorship. Why central govt has turned a blind eye on all the wrong doing.

It seems like govt. Headed by Mr Manmohan Sngh nurturing corruption in each and every level.

Now this case is again in public domain. Let is see if state or central govt or at least judiciary take any proactive step to restore faith of the public in system.

Source: The Tribune


The CBI today arrested Punjab Additional Inspector General (AIG), Internal Vigilance Department, Paramdeep Singh Sandhu while taking a bribe of Rs 50,000. The official, who has a tainted past, was taking bribe to favour the complainant in an inquiry pending against him.

Punjab Police Service (PPS) official Sandhu was earlier arrested in connection with the infamous Moga sex scandal along with some senior police officials and the son of a former Akali leader three years ago. The CBI is yet to receive prosecution sanction in that case as the request for sanction is still pending with the Home Department of the state. Today, he was arrested from a coffee shop in Sector 28 and was later taken to the Bhakra Beas Management Board guesthouse in Sector 35 for further interrogation by the CBI.

CBI officials said they laid a trap after receiving a complaint from a Mohali resident Nishant Sharma, former Shiv Sena Youth Wing president, who alleged that PS Sandhu was demanding Rs 3 lakh for favouring him in an inquiry pending against him. Nishant has been booked for cheating and forgery (cases have been registered against him at different police stations of Punjab) and two inquiries are pending against him with AIG Sandhu. CBI officials also raided Sandhu’s house in Sector 28 and seized some documents. A case under various sections of the Prevention of Corruption Act has been registered against the accused. He will be produced in the court of a special CBI judge tomorrow. In 2008, Sandhu was the SP (headquarters), Moga, when he was arrested along with former SSP (Moga) DS Garcha in connection with a sex scandal. It was alleged that the accused police officials, in connivance with others, extorted money from people, threatening to implicate them in false rape cases. 

Sunday, 6 March 2011

India most corrupt country in the world

China is worlds second largest economy, if we compare the %age of total GDP siphoned in the form of corruption, In India 68.67% of total GDP goes in corruption. where as China 62.92% of its GDP goes in corruption. Effectively India is 5.745% more corrupt than China.

This makes India most corrupt country in the entire world. It has surpassed other corrupt countries like China and Russia.

Friday, 25 February 2011

Illicit capital outflow from INDIA accelerated post liberalization


Illicit capital outflow from INDIA accelerated post liberalization(year 1991)

If we go by the recent report of US based organization "Global Financial Integrity". India's underground economy is closely tied to illicit financial outflows. The total present value of India's illicit assets held abroad ($462 billion) accounts for approximately 72 percent of India's underground economy. This means that almost three-quarters of the illicit assets comprising India's underground economy—which has been estimated to account for 50 percent of India's GDP (approximately $640 billion at the end of 2008)—ends up outside of the country.

The European/US banks become the safe deposit boxes for illicit funds to leave developing countries like INDIA.


Illicit capital outflow accelerated post liberalization ( Year 1991 onwards )

Deregulation and trade liberalization accelerated the outflow of illicit money from the Indian economy. Opportunities for trade mispricing grew and expansion of the global shadow financial system—particularly island tax havens—accommodated the increased outflow of India's illicit capital flight.

Economic impact on Indian society

There is a statistical correlation between larger volumes of illicit flows and deteriorating income distribution. The income gap between the rich and the poor has increased by many folds since 1991.
This deteriorating income distribution may, however, have created a new, more structural problem for macroeconomic management. The equality in income distribution may be a necessary condition to resolve macroeconomic fragility and ensure more sustained growth.

Global Financial Integrity