Money Laundering - Treachery of Jethmalani, Advani, Vajpayee & Modi
We see Jethmalani everyday on TV on $1500b leakage of Indian money but he doesn’t tell us he made the BIG HOLE to let money flow out of India – on June01, 2000 he was Law Minister when FERA was repealed and replaced by Toothless FEMA.
For over five years there was no law to check even outflow of money by Hardened Criminals.
These four Scoundrels soon realized there is no check on outflow of money from India so devised another - law Prevention of Money Laundering Act, 2002.
But four scoundrels didn’t dare to Notify it – it was UPA government that Notified the PMLA in 2005.
PMLA only cover Drug Money or such crimes not Economic Offences like Anil Ambani transferred $500m to Singapore in to private companies that is the real source of Flood Gate of leakage.
Ravinder Singh
January027, 2011
http://mpcyberpolice.nic.in/
http://pib.nic.in/release/
The Union Cabinet today gave its approval for introduction of a Bill, namely the Prevention of Money-laundering (Amendment) Bill, 2008 in the Parliament.
The Amendment Bill will enable the Government of India to meet certain domestic needs and international obligations.
Background
The Prevention of Money Laundering Act, 2002 (PML Act) ( 15 of 2003) was enacted in 2002 and enforced in 2005 to prevent money laundering and to provide for attachment, seizure and confiscation of proceeds of crime obtained or derived, directly or indirectly from money laundering and for matters connected therewith or incidental thereto.
http://www.cityunionbank.com/
The Foreign Exchange Management Act, 1999 has come into force with effect from the 1st June 2000. As from the same date (1.6.2000) the Foreign Exchange Regulation Act 1973 (FERA 1973), which was in operation for about 27 years, stands repealed.
All foreign exchange transactions which take place from the 1st June 2000 onwards will be governed by the provisions of the new law Foreign Exchange Management Act 1999, (FEMA 1999) and the Rules, Regulations, Notifications, Directions and Orders issued/ framed under the new Act.
http://www.india-today.com/
The Wrath of Ram
August 07, 2000
Sacked as law minister to avert an impending executive -judiciary confrontation, a furious Ram Jethmalani blames his dismissal on Attorney-General Soli Sorabjee and also accuses CJI. As the government tries to paper over the cracks, Jethmalani complicates matters by releasing correspondence that shows India's legal establishment in a very poor light.
By Sumit Mitra
It was a cold but a very predictable parting for a cabinet member so full of vitality, flamboyance and colour. On July 22, as law minister Ram Jethmalani was driving from Mumbai to Pune to address the Symbiosis Law College, his cell phone rang. The voice of External Affairs Minister Jaswant Singh was unmistakable in its deep baritone. Before Singh could end his formal prologue -- "I have been given the unpleasant task ..." -- Jethmalani cut him short. "I know the prime minister wants my resignation, but I can't send it now as I am driving. I shall fax it from Pune."
On reaching Pune, the 77-year-old minister, ace criminal lawyer and a man of the world wrote by hand a three-line letter which said that he was stepping down "as desired". He didn't have the Race Course Road fax number, so called Singh to get it. His ministerial innings behind him, Jethmalani began his address by telling the students he'd speak to them not as a minister but as "a lawyer, like what all of you would soon become".
In Delhi, outside Prime Minister Atal Bihari Vajpayee's inner circle, there was only one person who was probably in the know: Attorney-General of India Soli Sorabjee. And he wasn't unhappy. Nor for that matter was Chief Justice of India Adarsh Sein Anand when he learnt of the development. It was Anand's stated displeasure with Jethmalani that ultimately forced Vajpayee's hand.
Between Jethmalani and Sorabjee, however, it was the unhappiest silver jubilee of a relationship. Following the 1975 Emergency, Sorabjee toiled in a team led by Nani Palkhivala to save Jethmalani from the long arm of the notorious MISA. The team obtained a stay, with Sorabjee's forceful advocacy leaving a mark on the proceedings.
When the two came together 23 years later in Vajpayee's Government, there was little of the old camaraderie left. Last Thursday, addressing the press after Parliament was rocked by a controversy over his proposed personal statement, Jethmalani made it clear that he could not coexist with Sorabjee in the same dispensation. "My being law minister is certainly not congenial to the attorney-general."
http://india.gov.in/govt/
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1977-80 Member, Sixth Lok Sabha 1980-84 Member, Seventh Lok Sabha April 1988 Elected to Rajya Sabha April 1994 Re-elected to Rajya Sabha 1996 and Oct. 1999 - 23 July 2000 Union Minister of Law, Justice and Company Affairs 19 March 1998-14 June 1999 Union Minister of Urban Affairs and Employment April 2000 Re-elected to Rajya Sabha Jan. 2002-Feb. 2004 Member, Committee on Home Affairs Aug. 2004 onwards Member, Committee on Personnel, Public Grievances, Law and Justice April 2006 Nominated to Rajya Sabha Aug. 2006 onwards Member, Joint Committee to examine the Constitutional & Legal position relating to Office of Profit Sept. 2006 onwards Member, Committee on Rules Member, Consultative Committee for the Ministry of External Affairs
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