Tuesday, November 16, 2010

An auction of Bernie Madoff's possessions fetched $ 2 million dollars. This money will go into an asset forfeiture fund of the department of justice and will be used to pay off victims of his Ponzi scheme for which Madoff has already been sentenced to 150 years in prison. In complete contrast Ramalinga Raju has just gone back to jail after the Supreme Court cancelled his bail. Even though he publicly confessed to defrauding Satyam of billions of rupees more than two years ago his case is yet to come to court. Like all scoundrels in India he was allowed out on bail to enjoy the five star comfort of a private hospital. He has been allowed special privileges in jail including television, newspapers, easy chairs and private kitchen facilities. This is in Andhra. Meanwhile in UP the Chief Minister, Ms Mayawati apparently told a closed door meeting of her party that the Congress had offered to withdraw the Taj corridor and disproportionate asset cases against her if she came to a power sharing deal with them before the 2004 general elections. Even before the Adarsh Housing society scam in Mumbai has been fully exposed comes the allegation of further misuse of army land. Seems that senior officers colluded in a deal in which army land was sold off to a pharma company. After a public outcry lasting many months telecom minister Raja resigned reluctantly yesterday. He was able to hold out for so long because his party, the DMK, is supporting the Congress government at the center. Since independence the Congress has become synonymous with corruption in this country. Terrorists do not pose as much threat to India as does Congress.

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