Skip to main content

Modi's demonetization implementor Shantikanta Das is Chidambaram man, not fit as SEBI chairman: Swamy

Shantikanta Das
By Our Representative
Hardline BJP leader Subramaniam Swamy has directed his guns against Union economic affairs secretary Shantikanta Das, who has been one of the chief implementors of Prime Minister Narendra Modi's November 8 demonetization move, calling him a "Chidambaram confidante", and asking Modi not to make Das new Securities and Exchange Board of India (SEBI) chairman.
Belonging to Tamil Nadu, Das, who is known to have defended Modi's noteban as no one else, retires from IAS in February this year. Das is Swamy's third major target in Modi's economic team, the first (click HERE) being former Reserve Bank of India director Raghuram Rajan, followed by chief economic adviser to the Union finance ministry Arvind Subramaniam (click HERE). Rajan resigned in September 2016.
In a letter dated January 7, 2017 to Modi, Swamy, Rajya Sabha MP, has accused Das of siding with the corrupt, saying, the latter "was widely perceived as acting to protect the interest of Chidambaram in his financial affairs", in cases such as "2-G scam, Aircel-Maxis scam, NSE fraud, manipulation of stock market etc."
Swamy cites a report in a well-known pro-BJP daily as saying that Das is “all set to become the next SEBI chief after the extended tenure of UK Sinha, who has been at the helm of the watchdog since February 2011, ends on March 1 this year.”
According to the report, three senior bureaucrats, including Das, have been selected for the top SEBI post, including Unio power secretary PK Pujari, a Gujarat cadre IAS bureaucrat, and additional secretary in the finance ministry Ajay Tyagi were also included in the list.
Swamy traces “close” relations between Chidambaram and Das to the latter's former postings in Tamil Nadu, where, according to the BJP leader, Das came under “very adverse attention for several corruption matters from land allotment to foreign collaboration agreement.”
Swamy says, Das "helped Chidambaram by delaying unduly investigations that were being done" under the Supreme Court, giving the example of a letter forwarded by former CBI director Anil Sinha to Das on September 17, 2015, "wherein the CBI director pleaded" with Das to provide "necessary clarification" in the Aircel-Maxis scam.
Das, says Swamy in the letter, "stalled the further investigation by not replying and thus the interrogation of Chidambaram", adding, "The matter has now been brought out from the cold storage of the Ministry of Finance after Rakesh Asthana took over as acting director."
The result is that, Swamy says, on January 6, 2017, "in the court of Chief Justice of India my interloculory application No 78 on Aircel-Maxis cam was taken for the purpose of proceeding with further investigation into Foreign Investment Promotion Board illegal clearance approved by Chidambaram."
Accusing Chidambaram's son of "receiving payments as beneficiary from Maxis company of Malayasia, as revealed by the investigation by the Enforcement Directorate in 14 countries", Swamy says, under such circumstances it would be "wholly improper" to appoint Das as chairman of SEBI, calling such a move to be "entirely inconsistent" with the "anti-corruption campaign" of the BJP.

Comments

TRENDING

Modi, Shah 'forget': Gandhi’s first Satyagraha was against citizenship law of South Africa

By Nachiketa Desai*
Hindu fanatic Nathuram Godse assassinated Mahatma Gandhi once on January 30, 1948 but his followers raising the war cry of ‘Jai Sriram’ are killing the Mahatma every day. In his home state of Gujarat, Gandhiji was killed a thousand times in 2002 when over 2,000 Muslims were butchered, their women raped, homes and shops plundered and set on fire and even unborn babies ripped out of the wombs of their mothers.

Union Budget 'moves away' from Right to Education, 1.3 lakh schools closed down

By Dr Aparajita Sharma*
It was a shocking reply by the Union human resource development minister to a question raised in Parliament on closure of schools in a country where lakhs of children are still out of school. On December 2, the minister, Ramesh Pokhriyal ‘Nishank’, told Lok Sabha that the NITI Aayog’s education project, Sath-E, has led to 35,996 schools of different levels being merged in Madhya Pradesh, 4,312 in Jharkhand and 1,803 in Odisha. NITI Aayog is the Central Government’s policy think-tank.

CAA-NPR-NRC will 'target' 99% homeless, who are without birth certificates: NCU

Counterview Desk
Claiming to base on a survey in five states (Andhra Pradesh, Bihar, Jharkhand, Maharashtra and Tamil Nadu), which finds that over 99% of the homeless people do not have birth certificates, a civil rights organization which networks activists, researchers, urban practioners, lawyers, informal sector workers, has claimed that the Citizenship Amendment Act (CAA), as also the proposed National Register of Citizens (NRC) and the National Population Register (NPR), are likely to adversely impact this section the most.

Modi 'warned': Will not remain silent when women are labelled terrorists and traitors

Counterview Desk
As many as 13 women's rights organizations and 162 individuals have issued an open letter to Prime Minister Narendra Modi stating that in the light of hate speeches during Delhi elections, especially directed against women, it is his "Constitutional duty to protect all citizens" and tell his partymen "to fight the elections in a manner that upholds the Constitution, not one that increases the fear and insecurity among women."

Savarkar 'criminally betrayed' Netaji and his INA by siding with the British rulers

By Shamsul Islam*
RSS-BJP rulers of India have been trying to show off as great fans of Netaji. But Indians must know what role ideological parents of today's RSS/BJP played against Netaji and Indian National Army (INA). The Hindu Mahasabha and RSS which always had prominent lawyers on their rolls made no attempt to defend the INA accused at Red Fort trials.

Savarkar in Ahmedabad 'declared' two-nation theory in 1937, Jinnah followed 3 years later

By Our Representative
One of the top freedom fighters whom BJP and Prime Minister Narendra Modi revere the most, Vinayak Damodar Savarkar, was also a great supporter of the two nation theory for India, one for Hindus another for Muslims, claims a new expose on the man who is also known to be the original proponent of the concept of Hindutva.

Anti-CAA: Mallika Sarabhai joins students, faculty to protest dy CM's 'divisive' talk

By Our Representative
Taking strong exception to deputy chief minister Nitin Patel’s statement against those protesting against the Citizenship Amendment Act (CAA) and the proposed National Register of Citizens (NRC), well-known danseuse Mallika Sarabhai has joined tens of activists and students and faculty of Gujarat University, CEPT University, Indian Institute of Management-Ahmedabad, Gujarat Vidyapeeth and Nirma University to say that they are seeking “azadi” from the fascist and communal forces of the country.

Mystery around Gujarat PSU 'transfer' of Rs 250 crore to Canadian firm Karnalyte

By AK Luke, IAS (Retd)*
While returning from a Board meeting of the Oil India Limited (OIL) in Ahmedabad some time in 2012, two officers of the Gujarat State Fertilizers and Chemicals Ltd (GSFC), Nanavaty and Patel,  saw me off at the airport. They said they were proceeding to Canada in connection with a project GSFC had entered into with a company there. As we were running late, I hastily wished them the best.

Savarkar 'opposed' Bhagat Singh's, Netaji's dream of India, supported British war efforts

By Shamsul Islam*
In a shocking development, the student wing of the RSS put the busts of martyrs Bhagat Singh and Subhash Chandra Bose with Savarkar's on one pedestal at the University of Delhi late in the night on August 20, 2019. Bhagat Singh sacrificed his life for a socialist-democratic-secular republic and Netaji raised Azad Hind Fauj (INA) consisting of people of all religions and regions for armed liberation of India.