The Boston Marathon bombing was carried out by the Tsarnaev brothers, Tamerlan and Dzokhar on 13 April. It took the police 3 days to release CCTV pictures of the brothers walking away from the bomb scene. They had enough time to take a train to New York, take an Aeroflot flight to any city in Russia and disappear into the badlands of Chechnya or Dagestan where they would have found a lot of help to hide. Why were they still hanging around in Boston? The most logical thing would have been to plan their escape before planning their attack because they must have known that getting caught in the US would invite the death penalty. Last month Saradha Group, running a chit fund in Bengal, collapsed with loss of around Rs 200 billion. The Chairman of the group, Sudipto Sen fled by car. Yesterday he was arrested, with 2 other executives of the same company, from a hotel in Sonmarg in Kashmir. He was easily traced because he was still using his own cell phone and a utility vehicle with Bengal registration was parked outside the hotel. Surely we are entitled to expect a man who has built up a fortune of Rs 200 billion to have basic intelligence and some common sense. With that amount of money he could have bought a house anywhere in India under a false name, changed his appearance with plastic surgery and lived a comfortable life, secure in the knowledge that our clueless brutal police would never be able to find him. Surely, the first act should have been to ditch his cell phone and pay a bribe to get another one? There have been fears that using a cell phone exposes the brain to minute doses of irradiation which may lead to cancer, but studies have shown no such danger. However, it maybe possible that cell phones are reducing our intelligence. The All India Association of Chit Funds estimates the total money invested with registered chit funds at Rs 300 billion but unregistered chit funds handle Rs 30 trillion. Livemint, 24 April. The total amount of money in bank deposits in 2011-12 was Rs 15 trillion, so the chit fund industry is at least twice as big. One reason maybe that these funds offer higher returns than banks which attracts the poorer segments of society but the main reason is that they do not demand photo identity documents under the Know Your Customer rules, thus providing an avenue for investing black money. Some have suggested that rural people have trouble accessing banks. That is not true as banks have lent Rs 5.6 trillion for agriculture related activities because banks are forced to target 40% of their lending to " priority sectors " as designated by the government. Total loans under the Kisan Credit Card scheme, which lends at 7% interest to farmers to buy luxuries and enjoy parties, is Rs 2 trillion. Perhaps the more intelligent crooks have become politicians. They always watch their backsides.
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