India
UNEARTHING HUGE BLACK MONEY WITHIN THE COUNTRY
INDIA CAN FOLLOW GERMAN EXAMPLE
2014-08-14 18:54
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Diving into the fathomless depth of an ocean in search of a black box is important to ascertain the truth behind an air crash and is perfectly justified, but advancing the same logic to go round the world and dig into an uncertain depth of hostile legal marsh to unearth black money hordes by individuals and corporates would appear to be rather impractical. The latter proved to be a totally futile exercise in the case of the government’s bid to recover some Rs. 64 crore Bofors kickback, allegedly received by Indian politicians and army generals in 1987 against a purchase of field guns from the Swedish manufacturer, after a 25-year chase by the CBI, ED, ACB and other enforcement agencies and spending about Rs. 250 crore of tax-payers money in the process. For all practical purposes, the case is closed. The alleged kingpin, Ottavio Quattrocchi, an Italian businessman, reportedly close to the family of the then prime minister, Rajiv Gandhi, died in Milan, last year. The case allowed Indian official investigators and legal personnel travel through a good part of Europe, South East Asia and South America at the government expense to return empty handed or, maybe, with some small gifts for friends and family members at home.