How to earn Rs 10 crores+ a month
More than two years ago, in a post dealing with politics and corruption, I wrote:
This is a subject with such rich pickings (pun unintended)…that I am seriously considering a series on “How to earn Rs XYZ crores in X years†focused on politicians (- feel free to write in with tips and information).
That post was about earning Rs 10 crores+ a year (give or take a few)…so my eyes naturally popped when I read this bit from Shantanu Guha Ray’s “The Rise and Fall of King Koda” in the lastest issue of Tehelka (emphasis mine):
How did Koda create an empire so huge? Where did the cash come from — and what triggered the collapse?
ED officials say Koda’s empire ran like a welloiled machine: cash — collected by the state’s all-powerful coal mafia — would be routinely deposited at unknown locations by Koda’s men. They would also hire youngsters, sometimes school students, to count this cash, which allegedly totalled Rs 35 to Rs 50 lakh a day from the coal belt alone. That’s because the coal mafia is said to collect Rs 2 lakh from each of the 20 coal rakes (collection units or wagons) announced by subsidiary companies of the state-owned Coal India Limited (CIL) and also some private companies managing coal patches offered by CIL. This reportedly goes to the man who runs the state (read the CM) and is estimated to add up to around Rs 14 crore a month..
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Next post on the spectrum scam – which might be the mother of all scams to date.
Swapan Dasgupta in Murky drama of national disrepute:
The tales of a staggering sum of money, equal to nearly half the unfortunate State’s annual budget, being stashed away in instruments ranging from residential property in Delhi and Kolkata to mines in Liberia and two star hotels in Thailand, are the stuff of legends.
If even remotely true, Koda should have a venerated place alongside the early ‘Nabobs’ of the East India Company. In time, once the irritating legal complications are out of the way — as they inevitably will because the law in India is never unduly harsh — Koda will have all the qualifications to become India’s first National Professor of Political Entrepreneurship.
Forget NREGA – we should just make every poor citizen a minister and give him/her a portfolio. Within 15-20 years, everyone should get a turn and be rich enough. Unfortunately, doesn’t look like BJP is any different than its predecessors when it comes to such corruption among its ranks.
“Next post on the spectrum scam – which might be the mother of all scams to date.”
True indeed.
Koda’s 4000 cr scam overshadows Raja’s 60,00 cr one in the media! not a word on Raja.
All this after Ramdevji is telling day in and day out about corruption in our country.So govt wanted to do some face saving. And of cource Raja is there to screw us all.
Check this out! Now govt is making some sort of deal with him?
http://www.ptinews.com/news/368296_ED-delivers-sealed-envelope-to-Former-CM-Madhu-Koda
What amazes me is the fact that all agencies, organizations, press, Watchdogs etc keep sleeping till the scam size crosses RS. 4,000-5,000 cr. I wonder why they do not pick up the case and nip it in the bud when it is Rs. 50-100 cr.
I do not understand how come all these people and organizations suddenly become active when the scam size crosses the above threshold size. or is it that the threshold is even higher?
Excerpts from Kanchan Gupta’s Still Waiting for Koda’s Arrest:
From an ET report:
…After three days of intense grilling by Income Tax
officials which reduced him to meek explanations for the alleged multi-crore scam, former Jharkhand chief minister Madhu Koda has turned aggressive, daring the agencies to prove the charges.
…Further, Koda threatened to name the political “conspirators†who had framed him, “at the right timeâ€.
Probably the most honest politician:
Corruption is our right!!
And I was thinking, why aren’t our politicians so forthright! Sad, yet so true. (Link courtsey, twitter feeds!).
kk, Thanks for the link. will have a look
From the fb page update: Is this the *fastest* increase in wealth of any politician on record – almost 5x in 2 years?
“Former MP and president of newly-floated YSR Congress Party Y S Jaganmohan Reddy is perhaps one of the richest politicians in India, with declared assets of Rs 365 crore. In 2009, Jagan had declared assets of Rs 77 crore.” http://bit.ly/fqsLC1
***
I was WRONG >
” In just five years of DMK rule, a state minister has…increase(d) his worth 780 times!…780 times in five years” http://on-msn.com/hh2GEx
Jagan assets were mere 9.8 lakhs in 2004.
YSR family was near bankrupt, and would have been wiped out had Congress lost in 2004.
“The Congress’s candidate for the Kadapa seat, Ravindra Reddy, alleged that Jagan had made a false declaration before the Election Commission. He told the media that Jagan’s palatial bungalow on the outskirts of Bangalore itself cost Rs 400 crore.
Built on 31 acres of land, the bungalow has ultra-modern facilities such as a helipad, fountains, and servant quarters. The building has the highest level of private security which works in three shifts of 200 armed guards each.
Jagan is also said to be constructing a similar bungalow on a one-acre plot in the posh Jubilee Hills area of Hyderabad.
Ravindra has demanded that Jagan explain how his assets grew from Rs 9.18 lakh in 2004 to over Rs 365 crore in 2011”
http://www.theindiadaily.com/assets-worth-rs-365-cr-ys-jagan-mohan-reddy-might-be-the-richest-mp/