Tuesday, November 15, 2011

A group of people including former chief of Indian Airforce, S Krishnaswamy, former chief of Mumbai police, J Ribeiro and former Joint Director of CBI, BR Lal have filed a Public Interest petition in the Supreme Court asking why CB Bhave was not given a second term as chief of the Securities and Exchange Board of India. ( TOI. Nov 14 ). Mr Bhave was appointed in 2008 and his contract was not renewed after 3 years. The petition challenges the appointment of UK Sinha alleging irregularities. In defence the Congress has hit back saying that Mr Bhave was appointed even though the Prime Minister's Economic Advisory Council had advised against him because he had failed to prevent an IPO scam of Rs 1.15 billion. That is damning indeed except that 3 years ago it was the same Congress and the Prime Minister in power. Is the Finance Ministry saying that our most revered Prime Minister appointed a man under a cloud? The Prime Minister was also instrumental in the appointment of PJ Thomas as Chief Vigilance Commissioner, in spite of questions about his role in the palmolein import scam of 1992, over the objections of the Leader of the Opposition in Parliament. Mr Thomas' appointment was later quashed by the Supreme Court. Meanwhile the Congress is set to probe as to who is financing the protest against the nuclear power plant at Kudankulum. This is standard Congress policy of using government institutions, paid for by the taxpayer, to attack anyone protesting against its policies as they did against the civil society movement against corruption. Politicians may try to suppress us but that only increases our belief that they are stinking lowlife.

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