An article from October 2012 on our honorable Transport minister Nitin Gadkari who owns numerous sugarcane mills and yet (by virtue of his ministerial authorities) was part of the recent meeting that decided to increase duty on sugar and allow more interest-free loans to the sugarcane industry. I wonder if there is anything called conflict of interest in politics. Gadkari and the business of politics In his defence of the BJP president, senior party leader Lal Krishna Advani has said the “allegations [against Gadkari] are about standards of business and not about misuse of power or corruption”. But in the words of a chartered accountant, companies that exhibit such features — ghost directors and addresses, cross-holdings, cronies as directors — fit the pattern of shell companies used to convert black money into white. According to this CA, somewhere, six layers back, these companies would be making cash deposits into a bank account, most likely in a bank with weak regulatory framework. And while these market practices, however dubious, are not unusual for businessmen looking for quick cash-to-cheque conversions, Mr. Gadkari is no ordinary businessman. m.thehindu/opinion/op-ed/gadkari-and-the-business-of-politics/article4031763.ece/?maneref=https%3A%2F%2Fgoogle.co.in%2F
Posted on: Wed, 25 Jun 2014 04:41:38 +0000
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