Tuesday, September 4, 2012

CBI raids coal compaines - Wow


Coalgate A very interesting news item appeared in the TOI today – that the CBI would ‘formally raid’ various companies involved in the coalgate. The word here is formally raid. And rightly so, soon after, TV channels were flashing that the agency has raided five companies across the country – Delhi, Kolkatta, Patna, Nagpur, etc… The raids come as a surprise to an unsuspecting reader. Its months after scam surfaced, around a fortnight after CAG tabled the report in Parliament, daily uproar by the BJP, (demanding resignation of Prime Minister and cancellation of coal blocks), hundreds of screaming headlines. Naturally so, the raids were to be formal in nature too. Imagine any company or millionare waiting for the CBI to knock its doors to give out details of how much ‘mota mall’ they paid Prime Minister Manmohan Singh (Coal Minister 2006-09 also), Coal Ministry officials, or even the Congress party (Read Ahmed Patel/Sonia Gandhi) and a host of middlemen. Any company in the right sense would even change the computer and recreate fresh books of accounts and not merely delete or erase files. Now it is surprising that the CBI is raiding just five companies and not 150 companies or hundreds others involved in the scam. Many CEOs/officials of the companies had not even turned up by 11 am. So what the agency doing raiding the premises since 6 am. Circa – 2017: The courts send a deputy secretary, then a peon to jail for the Coalgate. The PM, (Modi/Mulayam Singh/Priyanka Gandhi/Prashant Bhushan) says justice will be done and law of the land will prevail. Circa 2012: PM Manmohan Singh says why should I resign.

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