Saturday, September 20, 2014

Fraudulent disease, banking, insurance with funny justice.

The Hon'ble Supreme Court has ordered that ' undertrials ' who have served more than half of the maximum jail sentence for the crimes they are accused of must be released within 2 months. This peculiar beast, probably found only in India, are people who have not been found guilty of any crime but are locked up, presumably because they cannot afford bail. Out of a total of 381,000 prisoners 254,000 are undertrials. About 100,000 will benefit from the amnesty. However, we are not told of the status of the people who will be released. Since they have not been tried they are still presumed to be innocent. Some are indeed innocent of the crimes they are accused of while others are guilty, some of whom maybe habitual criminals. So will they be released as innocent or as guilty? If they are innocent will they be paid compensation for the time spent in prison? This is the same country where the rich and the connected can apply for ' Anticipatory bail ' to prevent arrest for heinous crimes. This is also the country where Amarmani Tripathi and his wife, convicted of the murder of Madhumita Shukla in 2003, have been sitting in BRD Medical College hospital in Gorakhpur on complaints of fictitious ailments. Amarmani since 2012 and his wife since 2008. Surely the time enjoyed in hospital based on lies should be added to their sentences. That will not happen because our justice system is a joke. On the other hand Shivraj Puri, out on bail on a charge of defrauding Citibank of Rs 4 billion, has cheated a Mumbai businessman and his wife out of Rs 131 million by scaring them of being accused of selling a residential plot in Gurgaon to multiple buyers. Turns out that there was no such case. Puri joined Citibank in 2002 and cheated 30 investors by showing them a forged circular promising 2% interest per month. The great thing about him is that his whole family, including his wife, father, mother, grandfather and grandmother are all accomplices. A broker arrested for taking loans from banks by bribing officials was able to raise Rs 1.5 billion from 2 banks while out on bail. Bank officials are bribed with expensive gifts to sanction loans to dubious entities who have no intention of repaying. This is called ' suitcase banking '. Ordinary people are getting routinely scalped by insurance scamsters. These ciriminals are happy to rotate in and out of jail because they can afford expensive lawyers and merciful judges allow cases to continue for decades. All the while they are out on bail, enjoying their loot.  While the entire justice system is decrepit there is a raging debate about how to appoint judges. It would be a joke but we cannot laugh.

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