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

World Bank clarifies: Its 26th rank to India not for universal access to power but for ease of doing business

By Our Representative
In a major embarrassment to the Government of India, the World Bank has reportedly clarified that it has not ranked India 26th out of 130 countries for providing power to its population. The top international banker’s clarification comes following Union Power Minister Piyush Goyal’s claim that India has “improved to 26 position from 99” in access to electricity in just one year.

"Misleading" satellite images being shared on Balakot surgical strike on Jaish camp

By Dr Vinay Kate*
With every passing day more questions are being raised about the surgical strike India did in Balakot as a response to Pulwama attacks. So far the Indian media has claimed mass casulaty of 300+ terrorists of Jaish-e-Mohammad in this surgical strike, but there is hardly any report from foreign media about the same.

Extreme repression, corporate loot, cultural genocide "characterise" India's tribal belt

Counterview Desk
As Lok Sabha polls approach, there is considerable ferment in one section of the population -- India's Adivasis, forming about 8.6 per cent of India's population. Things became particularly critical following the February 14, 2019 Supreme Court order, allegedly seeking to evict lakhs of tribals from their forest lands.

Industry in India "barely growing", export growth 0%, whither moral anchors?

Counterview Desk
In a sharp critique of the Modi government, the Indian Institute of Management-Ahmedabad (IIM-A), one of world renowned economist Prof Kaushik Basu, who is Professor of Economics and Carl Marks Professor of International Studies at Cornell University, has told students at the IIM-A’s 54th Annual Convocation on March 16, 2019 that they have a “special responsibility” on their shoulders, “the responsibility to reject narrow sectarianism, uphold scientific thinking, openness to new ideas, and freedom of speech.”

Gujarat model? Industrial effluents "invade" borewells, discharge coloured water in farms

By Rajiv Shah
In a major embarrassment for Gujarat model, of the 21 samples taken by officials of the state government's environmental watchdog Gujarat Pollution Control Board (GPCB) in two villages of Vadodara district and analyzed by its laboratory in Gandhinagar, the state capital, to find out pollution level in groundwater, 16 were assessed as highly contaminated – these were, in fact, found to be discharging reddish, brownish, reddish, or yellowish water.

Refugees as criminals? US govt report blames Amit Shah for calling Bangladeshis termites

Counterview Desk
The chapter “Freedom of Movement” of the US State Department’s “India 2018 Human Rights Report”, released recently, has criticized BJP chief Amit Shah for terming alleged Bangladeshis who may be in Assam as “termites”, because their names were struck down from the list of National Register of Citizens, under preparation in the state.
Pointing out that four million residents were excluded from Assam’s final draft list, leading to “uncertainty over the status of these individuals, many of whose families had lived in the state for several generations”, the report regrets, the Indian law does not even contain the term “refugee,” treating refugees like Rohingiyas as “any other foreigners.”
“Undocumented physical presence in the country is a criminal offense. Persons without documentation were vulnerable to forced returns and abuse”, the report says.
Text of the Freedom of Movement chapter: The law provides for freedom of internal movement, foreign travel, emigration, a…

Congress would win just 9 of 26 Lok Sabha seats: Gujarat Assembly segment-wise analysis

By Rajiv Shah
Even as the Congress plans its first working committee meet in Gujarat on February 28 after an almost 58 year gap, there is reason to wonder what is in store for India’s grand old party in a state which has been long been a BJP bastion – in fact ever since mid-1990s. Ahead of the then assembly polls in late 2012, talking with me, a senior Gujarat Congress leader, currently Rajya Sabha MP, frankly said he saw no reason why Congress would win.

"Pro-corporate" Supreme Court order on FRA would further marginalize Adivasis

By VS Roy David, JP Raju*
For millions of Adivasis and other traditional forest dwellers February 13, 2019 will go down in history as the day of apocalypse. This is like the proverbial Black Friday where millions of most marginalized people of India were ordered by malicious anti-people draconian Supreme Court order depriving them the life and livelihood by evicting them from their habitats.

Financial inclusion? Not micro-loans; India's poor "need" investment in health, education

By Moin Qazi*
India has grown into a global powerhouse. Its economy is soaring but the picture on the ground is still quite arid. The green shoots that you see are only a patch of its landscape. Most Indians are hapless victims of inequity. India is one country where intense poverty abounds in the shadow of immense wealth.

India, Pakistan told to eliminate nuclear weapons: N-war "would kill" 2 billion

Counterview Desk
The International Physicians for the Prevention of Nuclear War (IPPNW), a non-partisan federation of national medical organizations in 64 countries, representing tens of thousands of doctors, medical students, other health workers, and concerned citizens, claiming to share the common goal of creating a more peaceful and secure world freed from the threat of nuclear annihilation, has warned that “an unprecedented global catastrophe” awaits the globe against the backdrop of warmongering in India and Pakistan.