Bombay Velvet

Saw Bombay Velvet today, twitter has been abuzz with all film folks praising the movie to the hilt.Massive hype about the film. So the film is a departure for Anurag. He has made his first love story. At the core of the film is passion between Balraj & Rosie.The movie is set in the 50’s and the 60’s when Bombay is being made into Bombay that is today. The city is home to all kinds of people.

The writers of the film make references to major events of the time like Godse’s hanging and land reclamation to build the city. The script has many layers & is a homage  as well. Balraj is seen watching an English  gangster film where the lead character is shown as being a big shot. So off he goes to become one as well.

He meets the scheming Kambhatta,played superbly by Karan Johar. So they end up murdering,blackmailing & bullying their way to power.So Johnny Balraj gets to run a club called “Bombay Velvet” owned by Khambatta. Rosie becomes the star singer at the club. The writers explain the timeline with clever references to the events at the time like the Nanavati murder case.

The song”Slyvia” is named after wife of Commander Nanavati, who was found by him in bed with Prem Ahuja.Nanavati murdered Ahuja and went to be acquitted in the case( the last case ever tried by a jury in India). The narrative is backed by some incredible jazz by Amit Trivedi. The use of songs in the narrative is splendid.

Johnny shoots a guy who claims to have photographed Rosie when she was a nobody . The element of lovelorn betrayal is captured with “Slyvia” in the background. The script is heavily influenced by movies like Scarface,Casino,Goodfellas & the romance is straight out of Titanic.

Ranbir’s character is straight out of Casino almost a spitting image of Sam from Casino.So Ranbir puts on his own act of Ronbert De Niro (RK is jaw dropping in portrayal). Chiman’s character is Nicky from Casino. Jimmy Mistry is the news guy from LA Confidential.

Take the plot of LA Confidential which starts with a murder goes into how the LA was made what it was by the mob.The script of BV also takes the same tangent. Bombay is up for sale with all the new development and politicians,businessmen & media all want a part of the city .

So Johnny gets used by Khambatta & Rosie is planted into Johnny’s life Jimmy Mistry. Khambatta & Mistry are sworn rivals who use Johnny & Rosie but fail to figure that they are madly in love with each other.The film becomes cliched in the second half with the normal blackmail track and a twist which fails to excite. The songs are used wonderfully to enhance the emotions. The song “Darbaan” is very well used. With its incredible lyrics, it has the right impact. It conveys Johnny’s inability to have a seat at the power table. The lyrics are:

“This world thrives on give & take, trade off

There is chance so grab it, there is huge palace

with a guard at the door, you are the king of the streets

you are destined to be  on the streets,few have the palace

they are the rulers with the guard at the door to keep you out”

Mohabat Buri Bimari is a stunning song again used when Johnny is betrayed by Rosie.Again wonderful song juxtaposed with Johnny getting beaten in a bare knuckled bout.

RK and Anushka are incredible in the film so is the rest of the cast. But the film lacks the suspense and the intrigue and becomes predictable. The edit by Thelma Schoonmaker and Prerna Sehgal could have been better. The screenplay is a bit choppy and the subplots not convincing.

This film is a glorious mess….a mess worth being soaked in.

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Gone with the Broom

14.02.2015 will be a day that shall live in infamy. On this very day AK 49 shall be sworn in as CM of Delhi for the second time. AK 2.0 has the biggest mandate ever in the history of Delhi with no opposition left. AAP has destroyed everyone and is on the throne.

AAP has an extreme left ideology and is filled with Maoist terrorist’s like Binayak Sen and jihadis who sought mercy for Ajmal Kasab. AAP is a creation of Antonia Maino and friends at the former NAC. The NAC had shitheads like Harsh Mander & Aruna Roy who were Naxal lovers. Maino & Ahmed Patel took their chances and created AAP to split anti cong votes. Has AK 49 ever criticized Antonia Maino or Ahmed Patel? They  should call themselves Ahmed Patel Party. Now AAP has the backing of the media in the country. Mainstream media in India is a being which has sold its soul to the congress party with major media outlets openly backing the AAP.

AAP is a party full of self serving morons who cannot govern. They are not as clean as they look as well. AAP received Rs 2crores as donations from 4 companies who shares the same directors and who in turn were the owners of a company called SKN Associates. This company was served a notice for VAT evasion when AK was the CM, but the proceedings were dropped without explanation and SKN responded by giving a donation to AAP.This AK went to Saudi Arabia to raise money and promised them that he will not allow RSS shakas in Delhi.All for a fistful from a bunch of camel humping desert nomads. His commie friend Prashant Bhushan wants to India to give up Kashmir.  AAP termed the Batla house encounter as fake. They play to appease a so called minority. This is a dangerous to the integrity of India. Delhi is heading the Bengal way in becoming a jihadi lab.

They have come into power by promising free power and water. AK 49 took out all the power and water meters installed in certain districts of Delhi. Now Delhi does not have any power station. The Govt is bound by agreement to purchase power from Reliance & Tata. They will not supply power for free and if the end consumer does not pay who will. Surely the Govt cant as it has not money. AAP will now have the impossible task of actually providing freebies. Its all good to promise things in a campaign but another matter to deliver. There is free water & internet as well !!!. AAP did not include free sewage connection which the congress did. The people of Delhi have fallen for this and shall pay a heavy price.

Why did the BJP fail? The exit polls as on 26.1.15 predicted a victory for BJP and all that changed in 10 days. There was a lot of infighting in the party and the workers weren’t enthused. The decision to bring in Kiran Bedi can be argued both ways.The biggest mistake was including AAP deserters like Shazia, Vinod Binny etc, people saw them as turncoats who did not deserve another chance. When things were not moving on the ground the BJP rolled in the heavy guns with the entire Union Cabinet coming to field. This is an important lesson for the party that it should not ignore grass root workers. The MCD is run by the BJP and is considered as corrupt and people of Delhi are fed up of the MCD. So this vote is a revolt against the MCD as well.

And whose brilliant idea  was it to delay the election by 8 months? Why did the MLA choose to remain in power without a Govt. ? The Delhi Unit needs of the BJP needs to be dissolved right now.

The strategy chief of this election was the lamentable Arun Jai Italy. It worries me as to why the party still holds him in high stead. His work as FM till date has been zero. Jai Italy and the AG went very very wrong on the black  money issue and were slapped by the SC. Now its the media which is now doing most of the information extraction. Jai Italy chooses to take the same line of the UPA of treaty obligations. He is a manipulator of the media and after he took charge as the I&B minister the attacks on NaMo have increased. He is a part of the Lutyens Delhi which is a closed circle which targets NaMo. Jai Italy is best buddies with mega mastermind P.Chidu.With AJ P.Chidu is still in with a chance to avoid prosecution. Jai Italy has not moved an inch on the NDTV case,Robber Vadra or on black money. He chose to accept an impossible deficit reduction target set by PC. So far in his tenure he has not done anything worthwhile but to get rid of the Finance Secretary.India needs an FM who can think out of the box and AJ does not fit. He is a liability to the party.He could not win his seat in Amritsar and still cannot move a leaf outside Rajya Sabha.

The BJP has not plucked several low hanging fruits like the National Herald Case, the Aircel Maxis scam, CWG Scam,Robert Vadra scams. Shashi Tharoor is another example, his questioning was delayed by a year.The party has no idea on black money retrieval as well. There needs to be course correction soon. The party got the mandate in 2014 on its promise to check corruption & hindutva. Its time we see results.

Banker In Defence-NYT Article

ew central bankers in emerging markets have been as internationally lionized as Raghuram G. Rajan of India.

Mr. Rajan, the governor of the Reserve Bank of India, has been honored with awards this winter for his role in helping to bring momentum back to the country’s economy. His unexpected interest rate cut on Thursday helped strengthen emerging market stocks around the world.

At home, the view is less favorable, as Mr. Rajan finds himself caught in a political struggle.

The coalition of Hindu conservatives and small-business owners who form the political base of Prime Minister Narendra Modi want deeper rate cuts and other policies to help borrowers and stimulate economic growth. Mr. Rajan’s critics contend that he has been so focused on reducing inflation that he has not paid enough attention to tumbling world oil prices or the heavy debt burdens of many Indian companies.

“He believes the best way to reduce the temperature of a patient is to kill him,” said Subramanian Swamy, the chairman of the strategic affairs committee of Mr. Modi’s party and a former commerce minister and law minister.

The situation reflects Mr. Rajan’s bigger dilemma. At 5 percent, inflation in India is high, compared to the rest of the world. But it is low enough by India’s standards that political support is splintering over further action to address the issue. While Western-trained technocrats like Mr. Rajan are still concerned about price increases, populists and businessmen in Mr. Modi’s political base are not.

At the same time, economic growth, which is expected to reach 6.4 percent this year, looks robust by Western standards. Even so, growth is not enough to satisfy many of Mr. Modi’s backers, who promised the economy would spring forward if freed from heavy government regulation and taxation. They now want the central bank to help the process by stimulating lending.

In an hourlong interview Wednesday afternoon at the Reserve Bank’s headquarters overlooking Mumbai’s financial district, Mr. Rajan said that he was not feeling pressure to change the direction of monetary policy. He described a harmonious working relationship with Mr. Modi’s top economic policy makers. “We completely understand each other,” he said.

Mr. Rajan defended his decision not to lower interest rates at his last monetary policy review on Dec. 2. While oil prices had already fallen considerably by then, he said there was no way to foresee the abrupt plunge that followed, or to pass judgment on how long prices would stay low.

In a news release on Thursday, Mr. Rajan made such a judgment, saying, “Crude prices, barring geopolitical shocks, are expected to remain low over the year.” He reduced the bank’s main overnight loan rate by a quarter percent, to 7.75

Despite the move, Madhav Nalapat, a Manipal University professor with close ties to the conservative wing of Mr. Modi’s Bharatiya Janata Party, predicted that the party’s conservatives would remain deeply unhappy with Mr. Rajan, a holdover from the previous government.

“He’s good for Wall Street,” Professor Nalapat said. “He’s not good for our Main Street.”

The acrimony that has greeted Mr. Rajan’s slowness to reduce interest rates is symptomatic of why India in particular has tended to tolerate more inflation and of the particular challenges facing central bank leaders in emerging markets.

Many companies in India are heavily indebted and are in favor of rising prices, which make it easier for them to afford fixed monthly payments.

Compounding the anger is that Mr. Rajan has interpreted broadly his mandate as the country’s top financial regulator as well as monetary policy maker. Mr. Rajan has repeatedly urged the country’s mostly state-owned banks to step in and replace management at struggling, indebted companies, instead of waiting for them to fail and default on loans.

He has also insisted that banks start requiring the founders and controlling shareholders of big companies to provide more collateral and give personal guarantees for large bank loans extended to their businesses. That has set off considerable indignation in India’s business elite, which has periodically been able to persuade state-owned banks to expunge debts during hard times, sometimes while retaining their holdings in the same companies.

But Mr. Rajan, a former chief economist at the International Monetary Fund, said that he had no plans to relent.

“If they do take the risk, they should pay the costs of taking that risk, rather than benefit when that risk pays off but shove the cost on somebody else when it doesn’t,” he said.

Another criticism is that Mr. Rajan did not try to reverse the rupee’s steep fall against the dollar, which occurred in the summer of 2013, before he took office in September of that year. This has meant that Indians who had borrowed dollars overseas need more rupees to repay their debts. The central bank has even been intervening in currency markets in ways that tend to prevent the rupee from rising against the dollar: spending rupees to buy more dollars for its foreign exchange reserves.

Mr. Rajan defended this move, saying that India needed to rebuild its foreign exchange reserves, which had been depleted during the rupee’s rout in 2013. He also noted that because the rupee had been steady against the strong dollar of late, it had generally been rising this winter against most currencies.

The job of governor of the Reserve Bank of India is a strange hybrid, a holdover from British colonial rule, which ended in 1947, with the checks and balances of democracy grafted on.

Unlike the practice at the United States Federal Reserve and many other central banks, where interest rate changes are voted on by a committee, such decisions in India are the personal responsibility of the governor, although he may consult with others. The reserve bank also has an unusually broad array of regulatory powers, many of which are not subject to judicial review. It oversees bank licensing, bank regulation, bond trading and consumer protection.

But the central bank governor has less independence, at least on paper. The governor may be dismissed and replaced by the finance minister, who may also order the governor to make an interest rate change, although the order must be issued in writing. Because either move would be highly contentious, finance ministers have refrained over the years from exercising these powers.

Some conservatives around Mr. Modi want to see Mr. Rajan removed. Mr. Swamy, who was a president of the Janata Party before its merger with Mr. Modi’s party, predicted on Thursday that Mr. Rajan would someday be forced to resign.

“I don’t know why they kept him; they didn’t even appoint him,” he said. “He was appointed by the last government.”

But Mr. Swamy acknowledged that Mr. Rajan retained the strong support of the finance minister, Arun Jaitley, a longtime pillar of the New Delhi establishment. Another friend of Mr. Rajan, and his former colleague at the I.M.F., Arvind Subramanian, became the government’s chief economic adviser in October.

Mr. Rajan brushed away questions about political tensions sounded. He sounded wistful only once during the interview on Wednesday, when he explained why he ran half-marathons.

“I have never run a full marathon, and my wife will not let me run one,” he said. “She says that’s tempting fate.”

The most dangerous city in Europe.

The French city of Marseille has an estimated 30 to 40 percent Muslim population and has been ranked as the most dangerous city in Europe.

 The gritty Mediterranean port, France’s second-largest city, was appointed the “cultural capital of Europe,” a rotating European Union honor. City fathers launched beautification projects, created new tourism attractions and invited people from around the world to visit. A splendid stone esplanade was laid around the Old Port, peppered with novel sculpture, and a high-tech historical museum went up next to City Hall.

How did that work out?

The eruption has refocused attention on Marseille’s long-standing reputation as a European drug-smuggling hub, a place where entire neighborhoods have slipped away from police control and fallen under the command of gangsters who earn millions importing and selling North African hashish and settle turf disputes with AK-47 assault rifles.

“Marseille is sick with its violence,” Interior Minister Manuel Valls said.

Vowing to squash the drug trade and end the violence, Valls last week dispatched 250 paramilitary and other national police officers to reinforce the usual deployment of around 3,000. The night after they were deployed, with television cameras in tow, another body was found, burned to a crisp with a bullet in its charred skull, the execution method local traffickers call the “barbecue.” The next day, two Turkish immigrants were shot and wounded, and a pair of youths driving by on a motor scooter opened fire with a pistol on a third man, wounding him in the legs.

Marseille doesn’t have a violence problem. It has a Muslim immigrant problem.

In September 2011, at between 4 and 5 am, around 15 people “apparently in a state of drunkenness” broke into the barracks belonging to a military fire service, shouted at the firemen on duty there then began firing shots at them. 7 firemen were wounded, of whom 4 were taken to hospital. The party of “jeunes” had apparently come from a bus chartered by a group of Cape Verdians in Nice to travel to an “Africa night” in Marseilles.

A week later, a bus driver was attacked by passengers when he refused to allow two burka-clad women to travel on his bus. It is illegal in France to wear the burka in public. When one of the women tried to board the bus, displaying a bus pass bearing a photograph, the driver insisted that she unveil so he could verify her identity. She refused to do this and, after some discussion, decided to leave and wait for the next bus.

Angry passengers (“jeunes”) then took the side of the women and beat up the driver, accusing him of being a “racist”. They then invited the burka-wearing woman to re-enter the bus. But when the police arrived, they scattered. Police booked the woman for wearing a burka.

In reacting to the incident, the president of the Marseilles Transport Authority, which operated the bus, appeared to sympathise with the woman rather than, as might have been expected, his own driver. The driver’s reaction was “inappropriate”, he said. The explanation comes with this “president’s” name: Karim Zéribi.

Muslims have now set up unofficial checkpoints in various parts of Marseilles. Anyone entering “their” area has to stop and submit to inspection. Last week, the driver of a van belonging to a food bank, which distributes free food and drink to poor people, was stopped by a group of “jeunes” when trying to enter the Marseilles district of “Air-Bel”. The road had been barred with concrete blocks and bins filled with sand. They searched his vehicle “like policemen applying the law in their territory” in order to “check there weren’t any policemen inside”. When they saw he only had milk, they let him pass through.

This is what a real No Go Zone looks like.  Marseilles is on track to becoming France’s first majority Muslim city.

Muslims had attacked the port city in the 9th century capturing it and enslaving its native inhabitants. That which Muslims once took, their theologians insist is theirs in perpetuity. The Muslim return to Marseille is seen as a reconquista, a return to the land that was once theirs.

Nearly half of all immigrants to France are Muslim. In Marseille 41.8 percent of those under 18 were of foreign descent.

La Marseillaise, France’s National Anthem, got its name when volunteer revolutionaries from Marseille sang the song. Now Marseille is at the center of a new revolution. The Islamic Revolution. Muslim volunteers from France have been identified training with the Taliban and after Mohammed Merah’s massacre at a Jewish school, a group of Jews in Marseille were attacked by Muslim men shouting, “Vive Mohamed Merah, F— the Jews, Palestine will win.”

This is what happens when the cultural capital of Europe meets Muslim immigration.

MSD Gone Guy

Today is a great day. Finally the iceman has melted. Its a great day for a change has finally arrived. Test Captain terrible has gone away for good. Strange are Dhoni’s ways. Why would he quit midway through a series? Only he can answer.

This must have happened in 2011 after a 8-0 whitewash both in England and Oz. MSD chose to stick to the “side in transition” answer after every test. Agree that he had problems with the batting with the big guns not firing and piss poor bowling attack. But he never questioned his own contribution in the whitewash. He failed miserably as a batsman. In 2011 Eng tour he managed two fifties in eight outings. His batting was horrendous in Oz later that year. But somehow he managed to hold on the side.

Dhoni was never built to play test cricket. As batter he had no technique at all. He has managed his own technique thus far. His weakness was the cover drive,which he chooses to play without moving his feet. The slips were always in business when he was batting. This caused him a lot of problems as he had no other scoring shots. Of late he developed a strange way of going across and blocking out swingers but this left him vulnerable to incoming deliveries. He was found out in England this year when he lost his wicket to ins wingers either LBW or caught at short leg. With almost all his scoring shots blocked his batting was a good as dead.

It baffles me as to why  a player would need 90 tests and not sort out his batting. He said he had been working on his batting since November last but it never turned into runs. As a last roll of the dice he invented this crazy ” jump across and block” routine. In 9 tests in Oz he averages 17.5 with a solitary 50. This is from a man who has 8,000 plus in ODI with an average of 50 plus batting at number six.

MSD’s oddness made him what he is today. Be it his hairstyle or his batting or his skippering. But his strangeness failed him as a test cricketer. Test cricket is a brutal game for its a complete test of a players mental and physical skills.Its never easy when a bowler has to bowl 30 overs a day or for a batsman to bat two whole days. The amount of discipline needed is incredible. Test format calls for rapid adaptability to conditions and upgrading skill levels with every match. Those who don’t change get left behind. MSD as a test cricketer sadly got left behind.

MSD as a captain had two personalities, one at home and other away from home.At home all he had to do was throw the ball to Ashwin and Ojha. The rest used to run on auto pilot. Abroad it was a different MSD. He let things drift. His strategies were puzzling. It all goes back to the Windies tour in 2011 and that test at St.Lucia. India were asked to chase a small total but ended up at 94-3 with a draw. It was puzzling to see India giving up. This was clear indication that MSD did not get test cricket at all.

All through the Eng & Aus tour in 2011 when the batting was failing he refused to make any changes to the order. Where was the captain who led from the front? His statements were always bizarre, after having lost 4-0 he said”Overall,I am happy with the way we played”, “as long as the process is right the results will come”, “the side is learning”, “its the first time for many of them.”They will do better the next time they are here”.

There was outright denial to accept that there was a lack of skill in the side. He was treating International test cricket as his school sports meet. The most common refrain was “ball goes soft and bowlers are tired”. Its very hard to swallow that logic. Why did he pick bowlers who cant bowl in the last session?

His  field placements went from innovative to ridiculous. He placed a leg slip as a attacking option for a fast bowler. How does a fast bowler plan a leg slip dismissal? Its impossible to do that. The most annoying thing was the way he left things drift.He would wait for inevitable declaration and with that loose the initiative.

He joins Graeme Swann in infamous list of wankers who left the ship midway. MSD was just one test away from having the worst overseas record as a skipper in the history of the game.

The world’s greatest finisher has finished his career in the most abrupt manner.This a classic case of a guy who never saw the writing on the wall and paid a price. He shall be remembered as a coward who chose to go underground.

Dark Days for Indian Test Cricket

He bowls to the left

He bowls to the right

That Mitchell Johnson

His bowling is shite!

No, thats not the Indian team is singing.That was the barmy Army in 2011. No one is singing that any more in 2014.They are hoping that he never bowls at all. He has destroyed India at Brisbane with 30 mins of very fast bowling. India has gone from having a winning chance to losing face. This shall be 15th loss abroad for this team. We seem to lack the mental toughness to win now. After a great win at Lords we lost the next three refused to show some spine. A lot of these problems come from having a weak bowling attack. Winning a test needs the bowlers to take 20 wickets. There is no way around this rule. After Zaheer,Harbajan & Kumble India have not found a single match winning bowler. Ashwin showed some promise but he is ineffective abroad. Now we have Ishant Sharma who averages 37 after 56 test matches. Thats a piss poor record. Next is Shami who is 10 test old and not very consistent. The less said the better about Varon & Umesh Yadav.They are club level bowlers who should never play test cricket. The only reasonable bowler is Bhuvi who is handy with the bat as well.

We had the best batting line up from the year 2000 till 2010. We had the big guns who scored thousands.We have some fantastic batsman in Kohli,Pujara,Rahane  & and improving Murali Vijay. The weak link in this line are Nohit Sharma and Dhoni. Both are flat track bullies.

The worst is the captain who seems clueless. Dhoni looks out of place in the tests.His captaincy is laughable,most inactive. He seems to hang back and wait for things to happen. This is in complete contrast to Sourav and Kumble who made things happen. Dhoni’s batting is not upto the mark as well. He struggles with his home made technique. This affects his skippering as well.

Dark days ahead for Indian cricket.

NDTV Tax Fraud

The mainstream media industry in India is a dog eat dog world. Most of the major media houses have some vested interests controlling them. Even with political money backing these ventures they seem to be losing money. One of pioneers of the news television NDTV evolved from being content provider to Star News to becoming a major channel. This evolution has not been an easy one. It has  managed to thrive not based on Darwin theory of being tough but under the shelter of an ex- Cabinet Minister.

The  Income Tax Department in its order dated 31.3.13 held that NDTV  pay nearly  Rs 800 crores as income tax for the assessment year 2009-10.The additions were under

1.Unexplained Investment Rs 642 Crore

2. Non deduction of TDS Rs 48 crore

3.Disallowance of expenses Rs 0.82 crore

4. Disallowance u/s 14A Rs .78 crore

5.Transfer Pricing adjustments Rs 12 crore.

This huge demand came about after prolonged battle by S.K.Srivastava,IRS Officer. This man blew the lid of the fraud even as the Assessing Officer was bribed by NDTV into granting a refund of Rs 2.47 crores. Srivastava went through hell after he wrote an open letter to then Finance Minister P.Chidu alleging that Chidu and his son funnelled Rs 5,500 crores into NDTV from sham companies in London through NDTV subsidiaries in Mauritius. His letter went to say that this money was Chidu’s share of 2G scam. The FM went into overdrive first transferring him, trying to have the Delhi High Court declare the man is mentally unsound and finally accuse him of molesting a lady IRS officer. None of these succeeded and Chidu had to bite the dust.

This matter started after NDTV filed its return of income declaring a loss of 64 crores for AY 09-10. Now NDTV being a listed company needs to disclose all its subsidiaries to the Stock Exchange and other regulators. However, it failed to disclose its subsidiaries. NDTV shareholding pattern is a complex one.3-3d8ffad5e1

One of the companies NDTV International (NNIH) received Rs 6,42,54,22,000 on account of subscription of shares by Universal Studios International BV (USI). This transaction was never disclosed by the company to the regulators.This sum was received by NNIH   which had no   business transactions. This was channelled into different NDTV companies in India and finally all the  Indian entities were merged into one.

The DRP as well as the Income Tax Dept clealy called this a sham transaction  as the NDTV entities acted as an agent of the NDTV India. The DRP went on to question as to why an Indian company would form so many layered subsidiaries in Netherlands?  The shares of NNIH was worth $1 upon being formed. The shares were bought by USI at huge premium. The shares of NNIH worth Rs 40-45 was bought at Rs 7,015 and were sold to a another group entity at Rs 634.

Once the transaction was complete the Mauritius & the Netherlands entities were closed down. These companies were not given their fair share of holding. The money so received was called “Step Up Coupons”.This is a new financial instrument invented by NDTV.

The mystery is why would anyone invest nearly $150 million (600 crores) into a letter box company called the NNIH.The directors of this company were Indian, it had no assets or liabilities, no business to speak of. Clearly the intention of NDTV was to bring in laundered money through the Mauritius route.

S.K. Srivastava alleged that the AO handling the case was bribed by NDTV, she was sent of holiday to Europe and her husband was given a job at NDTV. Now the IRS Service rules require a declaration if the AO or family members of AO are interested in the assessee. But the AO did not do this and proceeded to grant a refund.

The assessment was set aside and S.K. requested permission to tap phones of NDTV.He even wrote a letter stating that the FM was guilty of accepting bribes &  laundering money. But PC tried  to browbeat the officer.

At the DRP hearing, NDTV refused to cross examine SK thereby tactically admitting guilt.Now NDTV boxed into a corner will have to pay up. But will the master mind be held guilty of his crimes?