Public Interest   Exclusive
Illegal passport agents continue to flourish; neither MEA nor TCS take note

How can illegal passport touts audaciously call themselves “online passport agents” and advertise brazenly on the Internet?

If you go to the passport website of the ministry of external affairs (MEA) and click on this link: http://passportindia.gov.in/AppOnlineProject/pdf/Public_Notice.pdf, you will see the public notice which reads: “Members of the public are advised to desist from dealing with touts / agents who may be charging exorbitantly for their service and further, may be making false promises about arranging assured urgent appointment or faster passport service delivery. After the launch of Passport Seva Kendras, the appointments are available to general public through the website. Alternatively, certain categories of applicants are allowed to walk in without appointment, details of which are available on the website.

 

“The Government has not authorised any intermediary/ representative to undertake such activity or to give such assurances. Such incidents of harassment/ influence by them may be reported to the concerned Passport Officer.”

 

If the public notice is in such uncertain terms, why is it that the website www.justdial.com is filled with contacts of “online passport agents” from various cities like Delhi, Chennai, Coimbatore, Kolkata, Jaipur, Mumbai, Pune and you can just go on and on. Why is it that the harassment of not getting online appointments by citizens across cities, due to an obvious nexus between passport agents and passport officials, which helps agents to probably ‘block’ appointments and deny it to the rightful applicant. Is not being tackled?

 

For further proof, some of the passport agents of Pune met Prakash Javadekar, Pune’s Rajya Sabha MP, who has taken up the issue for Pune, with the ministry of external affairs (MEA). They confessed that each one of them has access to a keyword/ codeword which helps them block two appointments per agent. Obviously, the number of passport agents seems to be large enough to ensure that individuals do not get their rightful chance. That the passport agent fraternity is having the alleged backing of the powers-that-be can be established by the fact that they continue to go about their business in brazen ways.

 

Moneylife which has been carrying a sustained campaign against the Pune passport mess had a comment on 3rd April (in the reader’s comment slot under an article), by a passport agent openly advertising that he charges Rs500 “for booking online slot in any of the PSK (Passport Seva Kendra)”.

 

Naresh Kevalramani, one of the readers of Moneylife wrote to JustDial on 22nd March, “It is very sad that when the Government of India has banned all agents/ middlemen for passport applications/ processing, your website is showing passport agents by the dozen. 

 

I think that your portal—JUSTDIAL—which is one of the leading service providers in India is doing an ILLEGAL ACT by promoting PASSPORT AGENTS whom the GOVT OF INDIA itself has banned. 

 

I have marked a copy of this mail to Ms Deshmukh who is heading Pune Passport Grievance Forum (PPGF).”

 

Anita Singh, customer service officer of JustDial replied:
 

“Thanks for writing to just-dial.com .


With respect to your below mail we appreciate your concern and for bringing it to the notice of just-dial.com. We shall look into the matter and do the needful. For any further queries, kindly contact customer service on 02261607080.

                         

You can also mail us on - [email protected].

Thanks and regards
Anita (CS) “

 

Well, sadly, JustDial’s reply seems to be a standard one for every such complaint, as no action has been taken as yet. Advertisements of “online passport agents” merrily flourish.

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    COMMENTS

    Rashi Kanojia

    2 years ago

    I agree with you guys.. Even i want govt to put them in jail

    CA PRADEEP AGARWAL

    8 years ago

    Illegal touts are flouting every where whether PP office, RTO, DL office, PF office or you can say they are the bread and butter of these depts.

    Narendra Wagle

    8 years ago

    My wife and I (age 78 and 69) reached Passport Seva Kendra at Malad (E) on 14 March at 9.15 am. The main gate was closed and people were gesticulating at the sentries. When they forcibly entered the compound (some including an elderly couple fell down hurting themselves),the police were called,two constables arrived, shrugged and disappered. It took 4 hours for my wife to pass through 3 counters (A to C), I couldn't since the staff went off for their "lunch hour'. So much for 'seva' at the PSK Mal(admiinistration).

    ashwin bahl

    8 years ago

    step out in any city center inc small towns and yu can see AGENTS of all sorts, this tribe is not going anywhere in the very near future!

    Bharat Sharma

    8 years ago

    The headline is misleading, implying that such activity leads to prosperity!

    In an economy that dissociates wealth generation from value creation,

    how can mere accumulation of wealth by 'illegal' passport agents help them flourish?

    Mohammedchand

    8 years ago

    All the Members of Pune Passport Grievance Forum (PPGF)and the Moneylife readers and every one who wants to make passport Please Note :

    Role of Travel Agents under the
    Passport Save Projects.

    An applicant who has difficulty in filling up/online filling up of passport application and status enquiry of application may seek assistance from Travel Agents in the new Passport Seva Project. However, such applicant has to come to the Passport Seva Kendra for submission of application, fingerprint and digitization of photograph requirements and the Travel agents will have no role in that process.

    Written statement by The Ministry of External Affairs on 28 June, 2011
    BEFORE THE MADURAI BENCH OF MADRAS HIGH COURT.
    DATED: 28/06/2011
    THE HONOURABLE
    MR.JUSTICE B.RAJENDRAN
    Writ Petition (MD)No.6264 of 2011. Filed by the Approved Travel Agents Welfare Association.


    REPLY

    Vinita Deshmukh

    In Reply to Mohammedchand 8 years ago

    Yesterday itself the Chief Passport Officer of India said that the travel agents lost 7 PILs filed by travel agents against online appointments which has made illegal entities for passports. Moreover, the website clearly states that every passport tout is an illegal entity and should not be encouraged. Besides, you are talking of ``filling'' up forms - that anyone can fill up - your cousin, mother, father, friend etc. I am sure you know I am talking about illegal blocking of online appointments by touts. That's where the biggest nexus and corruption is so please don't defend what you should not

    Suryakant Chaubal

    8 years ago

    Instead of making them illegal or putting a ban on them the Government should issue licenses to the agents, fix up the charges and regulate their work. In my opinion they are giving a great service to the members of the society, particularly those who are not computer savvy, senior citizens, outstation persons who have no access to internet, etc.

    My daughter tried to get an appointment for about a month. Everyday she used to be glued to her computer from 2:55 p.m. but couldn't succeed. Finally she gave up, contacted an agent who fixed up the appointment in just four days.

    In Pune there is only one Passport office, which is located at one end of this city which is spread over a large area. If the Govt. really wants to help the citizens, there should be at least five offices located in east, west, south, north and central areas, so that there will be shorter queues and minimum waste of citizens' precious time. The Govt. charges Rs. 1500 as fee for issuing passport. If more than 600 persons apply everyday at Pune office, the Govt. collects revenue of almost a crore of Rupees every working day. We expect better service.

    Ramesh Iyer

    8 years ago

    This explains why the online appointments get blocked within a minute after they open at 3 pm sharp. Surely, not so many people get online simultaneously, or even apply for passports (that too in these recessionary times !). Wish the MEA investigated this nexus and PSK-related issues, as it has made submitting applications more difficult than before the PSK-era.

    MK Gupta

    8 years ago

    Congratulations for this great and bold article. Yes, it is really strange that, despite the so callerd denials by the GoI, SMSs and handbills galore, in addition to regular ads., inviting public to get the help of passport agents. Now, the question is:can this happen with impunity without the support of the insiders? Despite Passport Seva Kendras, the harassment and indignities suffered by the passport seekers are so much that it is easy to lure the unsuspecting general public to the agents who are clearly enjoying official support of sorts. The Police verification still remains a nightmare as the policeman who comes for this purpose just drops in without any prior intimation and leaves only with a hefty amount. And this is inevitable.

    Dilshad Gogia

    8 years ago

    There has to be a nexus between the authorities and the agents, otherwise how is it possible that we citizens sit day after day trying to get an appoinment nd keep getting a negative response. I personally hve been trying at all hours of the day for the past week, only to get "Quota over" response. Surely there cannot be so many people aplying simultaneously that no appoinments are available for days together.

    Dilshad Gogia

    jaykayess

    8 years ago

    Why hold Just Dial responsible? You are attacking the symptom instead of the cause.

    The real need is to weed out the root cause, viz., agent-babu nexus.

    The second need is to lay down clear and transparent SLAs (service level agreements) for each stage of the process, i.e., stage A (pre-processing by TCS) and stages B & C 9final scrutiny and approval done by the concerned govt agencies of MEA/RPO). These SLAs must be BINDING, i.e., if the SLAs are not met, TCS and/or the govt agencies should be penalized monetarily, for example, the passport fee paid should be reimbursed at their cost.

    Only the pain of penalty can provide the pleasure of performance.

    REPLY

    Sucheta Dalal

    In Reply to jaykayess 8 years ago

    Well, Just Dial has a more positive and correct response as a responsible organisation. So it is looking into the issue.
    Having said that, the reason for mentioning Just Dial is obvious -- only when there is clear service opportunity, will service providers advertise it on Just Dial. And this goes against the claims of the Ministry of External Affairs and TCS.
    The idea of e-filing was that one should be able to access it easily. Of course, personally, I think making everything electronic is a problem, because a big chunk of the population cannot keep up. many of the brightest people I know still dont know how to access the internet or do anything beyond sending and receiving emails. So, as I have said in my article India vs e-India, we have a growing divide. It will only encourage agents.

    Ravindra

    8 years ago

    While I am no supporter of the Agents, with filling of application forms and appointments only online, there are bound to be service providers who will do that for the people who are not Computer savvy. Such people have no other option but to take help of such agents, unless the Dept itself provides these services themselves. For outstation persons time also becomes an important issue and this is where the Agents scare the people into taking their services.

    Pushpendra Pandey

    8 years ago

    Madam it but obvious that those passport officer want agent to flourish to get the bribe through that channel.

    They do not want transparency in the system because it will stop their greed for money and theft.

    What can TCS do if this is attitude of these people.

    diptiman chowdhury

    8 years ago

    this is absolutely true , in fact i myself tried for a month to book appointment @ kolkata PSK but was unlucky wherein my friend met one tout outside passport office he paid him 500 and his appointment was fixed the very next day ,and the tout clearly said he has nexus with passport officers not tcs employees and they have to share a lot of money with them to get the appointments , this is not the end to it , when police verification comes the second round of harassment starts , now police do not ask for your address proof but they need qualification certificates of your parents , please moneylife do something so that we the citizens do not get deprived of our rights.

    Mahiti Adhikar Manch

    8 years ago

    Vinitaji,

    This pertains to Mumbai

    This is continuation of my earlier responses for your reports and meetings with TCS officls.

    After marathon manoeuvring for getting the on-line appointments from 8th March got appointments 1st April and 2nd April for myself and for my daughter at PSK service at Lower parel. My got fed up by daily sitting like a begger in front of computor for online appointment at 3.00 pm, she did not take her appointment now remains pending.

    Now the ordeal, when go in the morning 10.30 appointment they don't announce which the line is for which apointment when stand in scorching sun. Then they let you inside and inside there four lines that all probably know the time taken which is nothing less than 3 to 4 hrs.

    So when you are say 11.15 appointment either youn take your launch box or be ready to pay for Burgers etc at cafeteria when there is lauch time from 1.30pm to 2.00 pm. And pay more than MRP for the soft drinks. I had to stop them charging more than MRP for Harvest drink which is Rs.20/ MRP was selling at Rs.30/- Also went to suggestion box there was no note available. TCS takes suggestions or service satisfaction form when you reach 2nd couter where your photo is taken but later on you have take out at least 1.5 hrs to 2.5 hrs for completing the process. TCS should take satisfaction form from the pass port applicants at the last stage, so youn actually give the satisfaction form before completion of process. THIS A CORPORATE STYLE, they have put Gandhijis statement about the Customer and misuse of statement by TCS. There is toilet facility kept with ramp to move up, the ramp lacks anti slippery so generally you have to be extra careful while going to toilet. Jai HO PPP.

    Penalty for wasting food: Can we follow the German example?

    Efforts need to be taken to protect and preserve foodgrain for the benefit of the large number of poor in our society who are struggling to survive on a single meals a day

    Germany is the fourth largest country in the world in terms of nominal gross domestic product (GDP). With a population of about 82 million, it has a per capita income of over $44,100 as per IMF estimates. It is the most developed country in Europe with technological leadership in several capital-intensive industries.  Despite all these riches, its people are active in conserving their national resources, as is evidenced by the real life example conveyed by an Indian who visited the country. The following is a first-person account of an interesting incident that took place in Hamburg, Germany. We too need to cultivate such consciousness to preserve our national resources for the good of our people.
     

    Penalty levied for wasting food in Germany
     

    When I arrived at Hamburg, my colleagues who work in Hamburg arranged a welcome party for me in a restaurant. As we walked into the restaurant, we noticed that a lot of tables were empty. There was a table where a young couple was having their meal. There were only two dishes and two cans of beer on the table. I wondered if such a simple meal could be romantic, and whether the girl will leave this stingy guy.
     

    There were a few old ladies at another table. When a dish is served, the waiter would distribute the food for them and they would finish every bit of the food on their plates. We did not pay much attention to them, as we were looking forward to the dishes we ordered. As we were hungry, our local colleague ordered more food for us.
     

    As the restaurant was quiet, the food came quite fast. Since there were other activities arranged for us, we did not spend much time dining nor did we consume the entire food that we had ordered. When we left, there was still about one third of the unconsumed food left on the table.
     

    When we were about to leave the restaurant, we heard someone calling us. We noticed that the old ladies in the restaurant were talking about us to the restaurant owner. When they spoke to us in English, we understood that they were unhappy about us wasting so much food.  We immediately felt that they were really being too busybodies.
     

    ‘We have paid for the food that we had ordered, it is none of your business how much food we left behind,’ my colleague told the old ladies.
     

    The old ladies were furious. One of them immediately took her hand phone out and made a call to someone. Within a few minutes, a man in uniform claimed to be an officer from the Social Security Organization arrived. Upon knowing what the dispute was, he issued us a 50 euro fine. We kept quiet. My local colleague took out and gave him a 50 euro note and repeatedly apologized to the officer.
     

    The officer told us in a stern voice, ‘Order what you can consume, the money is yours, but resources belong to the society. There are many others in the world, who are facing shortage of resources. You have no right to waste the nation’s resources.’
     

    Our face turned red. We all agreed with him in our hearts. The mindset of people of this rich country put all of us to shame. We really need to reflect on this. My colleague took copies of the fine ticket and gave a copy to each of us as a souvenir. This will always remind us that we shall never be wasteful.”
     

    What is the moral of the story?
     

    The moral of the story is loud and clear. Though our people rarely waste much food in restaurants, we as a nation waste a lot of food during marriages, festivals and other occasions without caring about the large percentage of our people that go hungry each day. The levels of poverty, hunger and deprivation are so high in our country and little attention is paid to this by the well-to-do citizens and the politicians of our country.
     

    Otherwise, how do you explain the fact that the lack of proper storage facilities is resulting in rotting of foodgrain in our country? As per the media report dated 8 May 2010, the government has acknowledged that our country wastes Rs58,000 crore worth of food items every year due to lack of or poor storage facilities. The condition of the godowns in the country is not good and that is resulting in the rotting of good grain.
     

    The Union minister of state for food and public distribution stated last week that the government’s food subsidy bill for the year is estimated to be Rs1.35 lakh crore and the government will have to procure about 62 million tonnes of good grain to meet the targeted public distribution system. If only the foodgrain wasted in the country due to lack of storage facilities was saved, the burden of subsidy would have come down to that extent and thus saved the tax-payers’ money.  But who cares?
     

    Is there no solution to this problem?
     

    The best way is to create awareness about the need to avoid wastage of food at all levels. But that alone will not solve the problem. There is a need to penalise people who are responsible for failure to preserve and protect the precious edible resources of the country as is done in Germany. This could have been easily done through the Food Security Bill that is awaiting the consent of the Parliament. But unfortunately, the Food Security Bill, in its present form, does not provide for any such provisions to penalise wastage of food, nor does it cast any obligation on the government in power to ensure that the people in charge should be held accountable for their failure to protect foodgrain produced in this country.
     

    It is time to take note of the obligation of every citizen of this country to ensure that the food wastage is totally avoided. Efforts must be made to protect and preserve foodgrain for the benefit of a large number of poor in our society who are struggling to survive without even two square meals a day.
     

    (The author is our regular columnist and he writes for Moneylife under the pen-name Gurpur’)

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    COMMENTS

    ARUL KUMAR

    8 years ago

    An enlightening experience.

    nagesh kini

    8 years ago

    Hi Rakesh,
    So you are a Bengalurian visiting Mumbai Money Life sessions!
    What have you been offered other than tea and biscuits/cookies? How much have you found wasted?
    I was present at a ML session at Bengaluru. Possibly you were not aware of it then.
    If you are so very keen, just don't blow balloons in the air. What have you on your own for the matters that you want ML to investigate? Have you any concrete proof? Have you filed any RTI applications? After obtaining any information have you made effective use out of it? Have you filed any complaint under the Consumer Protection Act?
    It is rightly said - "God helps those who help themselves" and this applies to MLF as well.
    MLF has taken up public issues the matters of TDS and the recent RBI Discussion Paper on cheque disconinuation have been success stories.
    Rakesh - cease to be an arm chair critic and get down to action yourself first.

    Ravindra

    8 years ago

    I can only say that their local host (must be an Indian) was stupid not to know the respect Germans pay to food, right since the World War 2 was over and food was scarce in Germany.

    I know this from first hand working for a German Company ion India and visiting Germany on business very often.

    Rakesh

    8 years ago

    Do you know the amount of food moneylife wastes in their sessions. I have been to one such session in the past.
    Why don't you start at home first and then point fingers at others

    REPLY

    Sucheta Dalal

    In Reply to Rakesh 8 years ago

    Moneylife foundation wastes food? Even earlier, when we served more than biscuits, it was because people who registered failed to turn up. Even then, not a morsel was "WASTED". IT WAS DISTRIBUTED.
    And you are clearly making nasty comments without attending a single session for over two years. We DONT serve food. Maybe some of our regulars would confirm this.

    But let me end by asking you a question. Why does the fact that we conduct non partisan, financial literacy seminars hurt you so much that you pick on a small matter like FOOD -- where also, your allegation is wrong and false?

    Rakesh

    In Reply to Sucheta Dalal 8 years ago

    Moreover i won't deny the fact that you are doing a great job in educating investors. But then you are more biased.
    When people told your team to come to bangalore and investigate the scams going on in various Govt. organisations you turned a deaf year. Why such bias????

    Sucheta Dalal

    In Reply to Rakesh 8 years ago

    Mr Rakesh

    You have a problem. WE are a tiny team. Our revenue comes from a personal finance magazine. I am not sure you even subscribe for it. We simply do not have the resources to send a "TEAM" to Bengaluru to research any scam in govt organisations. If people like you support us, or subscribe, rather than indulge in false charges, we may grow big enough to oblige you.

    Rakesh

    In Reply to Sucheta Dalal 8 years ago

    Since you put an article about food i thought it was appropriate to bring it forward. For your information i have attended couple of your seminars in Dadar last year.

    Sucheta Dalal

    In Reply to Rakesh 8 years ago

    Again, pardon my insistence, but your charge is false. As any regular at Moneylife will vouch... we have been serving nothing other than biscuits / cookies for well over a year. Only in the first 6 months did we do more.

    bhaskar

    8 years ago

    We should make some practical law that no restaurants, marriages, large meetings should waste food. Not sure how to implement this but it is need of the hour.

    I see many people going to buffet restaurants and filling their plates up and then wasting most of the food.

    Religion could help in teaching people in this respect. Religious leaders should force followers to take food only as per their needs and not waste any food. Any excess food should be given away to self-help groups etc. A law could be made such that all marriage parties have to contact self-help groups before the event and after the event, all excess food should be given away. Also the benefits of fasting should be propagated. Myself have fasted for few days and can testify to its healing qualities. If each healthy person is motivated to fast for two-three-five days in a strech, just imagine the benefits. He/She will improve her health and the cumulative savings of food grains. Also people become more spiritual while fasting. Crime will come down too i hope.

    REPLY

    Suba P

    In Reply to bhaskar 11 months ago

    Sir, I completely agree with you, I have a lot more ideas like these. Would you be interested in partnering with me to start an NGO please.

    Suba P

    In Reply to Suba P 11 months ago

    How to contact you :( can you kindly reach me on [email protected]

    Public Interest   Exclusive
    Saharashri Subrata Roy hits out hard at the SEBI chairman; seeks apology

    At an event in Mumbai on Wednesday, SEBI chief UK Sinha indirectly pointed out the games Sahara has been playing about repaying the money as per a Supreme Court order. Today, in an open attack on SEBI chairman, Sahara put out a press release saying that “rich men’s SEBI do not understand, recognise poor Investors”.


    Yesterday at an event at Indian Merchants’ Chamber of Commerce in Mumbai, SEBI chairman UK Sinha pointed out the menace of Collective Investment Schemes which are thumbing their nose at the market regulator. In a veiled attacked on Sahara, he pointed out: “There is a famous instance where a company has claimed that it has refunded more than Rs20,000 crore in the last three to four months to so-called investors out of which more than 90% cent has been returned in cash. How feasible and credible can this story be?” Sinha wondered.
     

    While Sinha did not name Sahara (neither did most newspapers who are large beneficiaries of Sahara advertisements), in a strongly worded press release issued today, Sahara attacked the SEBI chief.
     

    Here is the text of the unedited press release in all its glory. Please savour it.

    “Sahara complained that SEBI Chairman Sri U.K. Sinha neither gave time to meet our Chairman since last one year nor he accepted the invitation for appearing with our Chairman in T.V. Channel for informing people the truth and torture given to Sahara. Such a big responsible person should not give irresponsible statements that how and why Rs.20,000 crores repayments were made in 4 months and 90% was paid in cash.  Well, he should have asked these questions to Sahara first.
     

    Repeatedly we have written to SEBI and everywhere that our investors are very small and mostly living in small townships and rural areas. These investors do not go to Banks and Banks do not come to them.
     

    Our investors profile on the basis  of principal amount.

    Upto Rs. 5, 000/- = 1.33 crores, upto Rs.10,000/- another  0.88 crores, upto Rs.15,000/- another 0.42 crores, upto Rs.20,000/- another 0.36 crores. This totals to 2.99 crores out of total investors of 3.07 crores. We genuinely hope that the SEBI Chairman should kindly send an amended statement to Media with realisation and apologies that why cash repayments to around 90% investors have been made and the 90% cash payments are totally justified.

    Upto Rs. 20,000 repayments (including interest) it is cash payments only as per country’s law.
     

    It should also be clear that 90% amount of investors in both the companies have come from investors upto Rs.20, 000 that is 2.99 Crores. So any logical but unbiased mind shall be convinced, accept and understand our challenge in the past also that there cannot be any case of fictitious, fake investors in Sahara.
     

    He has also mentioned about paying Rs. 20,000 crores in 4 months. But majority payments are in 5 months plus time.
     

    SEBI knows the reason very well that upto April 2012, esteemed investors through our committed and highly concerned field workers in Lakhs, knew that Hon’ble Supreme Court is likely to give 5 – 6 years against security of properties. We have submitted the valuation reports of properties to Hon’ble Supreme Court.
     

    In fact in case of RNBC under regulation of Reserve Bank in 2008, RBI had given 7 years time to repay.  This 7 years time was given within 10 days from the date of Prohibitory Order.  So there was no chance, no reason of big rush demands of any nature.
     

    Again the same profile of investors in RNBC also that is deposit of around Rs.20,000 crores with 3 crores plus investors. Important to note that we had almost repaid all liabilities 3 years in advance in RNBC.
     

    But all of sudden in May 2012, 1st Week, Hon’ble Supreme Court ordered for continuous hearing in June 2012 and decision had to be given the same time.
     

    During April 2012, one news was probably infected by some interested party which spread like wild fire in our field, Countrywide that in case of Golden Forest Company which was exactly similarly initiated and fought by SEBI. After Hon’ble Supreme Court’s decision in 2004 in this Golden Forest Company for repayment, not a single rupee has been paid to any investors till today that is in 8 – 9 years. Workers and Investors also knew that there were dozens of other Companies where, SEBI’s had taken action but not a single investor have received one rupee till now.
     

    Also, company as sole custodian of Investors money from last 34 years got concerned about Esteemed very small investors.
     

    Then there was big rush with demands for repayments. There were big – big queues in front of offices throughout the country. We had to repay big sum but could contain to a great extent the rush by around middle of June. So almost 60% repayments had to be done in around 45 days only.  Really a very difficult time for Sahara for no fault of ours.
     

    No fault of ours since we did this OFCD business after we got all valid permissions in writing from Central Government through Ministry of Corporate affairs as our regulator who continuously used to inspect and investigate, all Balance Sheets etc. were regularly to be submitted to them etc. etc. for last 10 – 11 years as our regulator but we faced and are facing very difficult days with retrospective effect punishments. Government departments who gave us written permission are not accused at all. Had they not given these permissions we would not have collected even one rupee and we would not have faced any problem. Well we are Prajas and they are Rajas.
     

    One thing SEBI should understand that, had there been any hanky – panky by Sahara as accused by Chairman SEBI, then why we could not manage 5000 Crore which we have paid to SEBI.
     

    Humble request to SEBI to act Judiciously like a very responsible and very big Regulator as big brother of society.

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    COMMENTS

    CA PRADEEP AGARWAL

    8 years ago

    Who is greater SAHARA OR SEBI? Is it Power speaking against a regulator, though the regulator itself is not without blemishes, but then to it is a regulator, though might have acted against the interests of small investors, there are several instances but for that can be sued for it in the Court of Law

    REPLY

    nishi

    In Reply to CA PRADEEP AGARWAL 8 years ago

    Sahara, no doubt about it. Indian politicians knows how to make a fool of 120 crore Indian, time and again and make the regulator toothless.

    CA PRADEEP AGARWAL

    In Reply to nishi 8 years ago

    They are regularly making fools and we are becoming, will a time come to repay the debts

    ashwin bahl

    8 years ago

    If the mess is not messier, let us maKe it even more messier bole toh end conclusion will never be reached ?
    qte
    EoW Probe Into Sahara-Sebi Row

    Abhijit.Sathe @timesgroup.com

    The running battle between Sahara India and the Securities and Exchange Board of India over the Rs 24,000 crore the company has been ordered to refund to its investors has now reached the Mumbai police’s doors.
    The Economic Offences Wing of the Mumbai Crime Branch has launched a preliminary inquiry against Sahara following a complaint from Sebi that the company is intimidating the investors. Sahara chief Subrata Roy and other top executives, meanwhile, have been summoned for personal appearance before Sebi on Wednesday in the high-profile case involving an estimated 3 crore investors.
    Late on Tuesday night, Additional Commissioner of Police Rajvardhan refused to discuss any specifics of Sebi’s complaint. “We have been asked by the Government of India to investigate the case. We have initiated a preliminary investigation. No complaint has been filed yet.”
    The Sahara group was asked by the Supreme Court in August last year to repay deposits raised by “dubious” means from nearly 3 crore small investors.
    unqte
    Lage rahgo! gol sab ko ghumato raho!

    CA PRADEEP AGARWAL

    8 years ago

    Are Yar all are hand in gloves and the best part is we need some people to expose their misdeeds....otherwise what is power game...........MONEY? Yeh Kalyug hai Meri Sarkar.

    CA PRADEEP AGARWAL

    8 years ago

    Do not understand who is the poor investor Mr Subroto Rai or?

    nishi

    8 years ago

    For over three decades Sahara was flouting the norms and rules for accepting deposits. This was going on right under the nose of SEBI, RBI, IT, ED, ROC and MCA.

    The reason for SEBI now to go after Sahara is not a unique and this even the Peon in my office knows that Sahara's biggest supporter is SP and all the black money of SP etc is routed through Sahara to laundered. The current equation between SP and UPA all knows, so SEBI is a tool to keep check on Sahara which in turn will keep check UPA’s support.

    This is all political game and fully scripted by the masters of UPA so that scrutiny etc will be in 2012, 2013 which will keep SP in check.

    Even the media knows this very well, but due to whatever reason this link will not be out and expose.

    REPLY

    CA PRADEEP AGARWAL

    In Reply to nishi 8 years ago

    Nowadays, flouting the rules has become the norms and Mr Roy says that that power is the game to play, what I feel. Further, Mr Sinha would certainly not have taken such steps, unless they were initiated.

    ashwin bahl

    In Reply to nishi 8 years ago

    Spot on with your assessment,and what does all this and other tactics which are used amount to..that we are a Banana Republic containing Mango Men !

    nishi

    In Reply to ashwin bahl 8 years ago

    Correct, As long as corrupt and dishonest and self centered rulers will be India, this will be a non event in a history

    ashwin bahl

    8 years ago

    Moral of the story is Hum Sab Chor Hain ! Who can you trust these days ? We will never know the true inside story of any Company, SEBI.........aam aadmi gaya tel lagane once his hard earned funds are mopped up !

    ashwin bahl

    8 years ago

    What about the Audits all these years ? Has it ever been done ? By who ? Oh it is TOP SECRET !

    Satyan Israni

    8 years ago

    do these advertisements amount to contempt of court since the matter is sub-judice?

    sachchidanand

    8 years ago

    On the face , it appears to be a witch hunt by SEBI. Kisane Supari di hai Sahara ko khatam karane ki ? Interesting to know from my experience that SEBI treats RTI querries with bias in favour of , not victims , but the perpetrators. I had sought information on Vanishing Companies who collected thousands of crores from gullible investors & vanished . I had specifically sought info on names of Merchant bankers who were hand in glove with fraudulent companies. No information was ever furnished. I appealed to Appellate Authority. Nothing came out. Why is SEBI protecting Merchant Bankers & Brokers ? Even GOD may not know!

    REPLY

    Rajhkumar Shaaw

    In Reply to sachchidanand 8 years ago

    sachchidanand Sir, please get in touch with me 9920755320. I am researching on such companies. May be you can guide me.

    Sadanand Patwardhan

    In Reply to sachchidanand 8 years ago

    Is it necessary to take sides as if it is a SEBI vs. Sahara race to the bottom? SEBI's wrongdoings do not condone Sahara's or vice versa. It would be educative to judge each independently on merit.

    Ravindra

    8 years ago

    Sahara is right when it says that instead of Public Meeting, these questions should have been asked to Sahara directly.

    Mr. Sinha is no Political or Public leader who has to take recourse to Public meetings or utterances. He has enough authority of his own to ask these questions directly to Sahara.

    REPLY

    Sadanand Patwardhan

    In Reply to Ravindra 8 years ago

    Is it necessary to take sides as if it is a SEBI vs. Sahara race to the bottom? SEBI's wrongdoings do not condone Sahara's or vice versa. It would be educative to judge each independently on merit.

    Sucheta Dalal

    In Reply to Ravindra 8 years ago

    Either you are speaking for Sahara, like many others who have commented on this report. Or you have not followed the story. It is the SEBI Chairman's job to highlight issues in a public meeting. He did that. He did not even name Sahara. But if the shoe fits.... Sahara showed it by this ridiculous response.

    Arun Mehta

    In Reply to Ravindra 8 years ago

    Sahara only fears the apex court that too for contempt law.Others, they just ignore for the simple reason lots of politicians have a significant stake in Sahara.Period.

    ashwin bahl

    8 years ago

    We are mango people, we do not understand what is going on!

    Sadanand Patwardhan

    8 years ago

    Shri Bal Krishna Gupta.

    You wanted to know more about U K Sinha. Arun Agrawal from Bangalore has written extensively on it. Here is the link: http://canarytrap.in/2012/09/27/download...

    Trust it whets your appetite.
    ==============================
    Time has come that India would be compelled to recognise the talent of Sahara Shri Subroto Roy. UIDAI may be scrapped, Nandan Nilkeni sent packing home, and the Direct Benefit Transfer Scheme should be handed over to Sahara India for flawless and efficient execution without GOI having to pay extravagantly for hardware and software infrastructure as well as costly software glitches in actual operations. This would achieve another very important objective, that of Inclusive Development. Instead of paying huge amounts to fabulously rich IT and BPO companies, the average, poor, mofussil Indian would get an opportunity to improve his earnings and life. Come elections in 2014, and this army of dedicated and ubiquitous Sahara workers would ensure victory of any ruling dispensation.
    _______________________
    Roy is simply asking, has anybody complained to anybody that Sahara India Group has duped her? No! Then, where is the case of malfeasance made out against Sahara? No one has complained because may be no one has invested in Sahara India companies. That is, there are no genuine small small investors as claimed by Sahara is what Supreme Court seems to suspect. If there are no genuine investors, then where has the money come from. The responsibility for allaying these suspicions is squarely on Sahara India and Sahara Shri Subroto Roy. Until this is done, its operations run the risk of being viewed as the biggest money laundering service operating in the country. Investigating agencies tasked with nailing Economic offenses have their work cut out for them. Unfortunately for them, this one doesn't promise any foreign junkets. Who stops them from biting the bullet?
    ___________________________
    For more visit:
    1] http://searchlight-is-on.blogspot.in/201...
    2]http://searchlight-is-on.blogspot.in/201...
    3]http://searchlight-is-on.blogspot.in/201...
    4]http://searchlight-is-on.blogspot.in/201...
    5]http://searchlight-is-on.blogspot.in/201...

    Sadanand Patwardhan

    8 years ago

    Shri Bal Krishna Gupta.

    You wanted to know more about U K Sinha. Arun Agrawal from Bangalore has written extensively on it. Here is the link: http://canarytrap.in/2012/09/27/download...

    Trust it whets your appetite.
    ==============================
    Time has come that India would be compelled to recognise the talent of Sahara Shri Subroto Roy. UIDAI may be scrapped, Nandan Nilkeni sent packing home, and the Direct Benefit Transfer Scheme should be handed over to Sahara India for flawless and efficient execution without GOI having to pay extravagantly for hardware and software infrastructure as well as costly software glitches in actual operations. This would achieve another very important objective, that of Inclusive Development. Instead of paying huge amounts to fabulously rich IT and BPO companies, the average, poor, mofussil Indian would get an opportunity to improve his earnings and life. Come elections in 2014, and this army of dedicated and ubiquitous Sahara workers would ensure victory of any ruling dispensation.
    _______________________
    Roy is simply asking, has anybody complained to anybody that Sahara India Group has duped her? No! Then, where is the case of malfeasance made out against Sahara? No one has complained because may be no one has invested in Sahara India companies. That is, there are no genuine small small investors as claimed by Sahara is what Supreme Court seems to suspect. If there are no genuine investors, then where has the money come from. The responsibility for allaying these suspicions is squarely on Sahara India and Sahara Shri Subroto Roy. Until this is done, its operations run the risk of being viewed as the biggest money laundering service operating in the country. Investigating agencies tasked with nailing Economic offenses have their work cut out for them. Unfortunately for them, this one doesn't promise any foreign junkets. Who stops them from biting the bullet?
    ___________________________
    For more visit:
    1] http://searchlight-is-on.blogspot.in/201...
    2]http://searchlight-is-on.blogspot.in/201...
    3]http://searchlight-is-on.blogspot.in/201...
    4]http://searchlight-is-on.blogspot.in/201...
    5]http://searchlight-is-on.blogspot.in/201...

    SHAILESH

    8 years ago

    It is certainly true, SEBI is remote controlled by the same Congress Govt., who are the most corrupt and have done the most scams in our country.They are the one who has disregarded Supreme Court Order in ITC & Vodafone case by taking the president (puppet of congress govt.) consent.

    SEBI has destroyed the entire CAPITAL Market, which includes Mutual Funds & all other investment plans by their whimsical rules & regulations. They never understand the problems of the poor and small investors. They set the rules for the industry and if any thing goes wrong, they do not take the blame on them. They start blaming others as fraudsters.

    skp

    8 years ago

    SAHARA has not worked as a corporate, they have not accepted any application from the investor's. They have converted huge amount from these two cos. to Q shop and such schemes, without much clarity to investors. No agency is looking into money flow ?? we do't know ROC is digging what area, if raids could have been on all sahara offices, all papers they must have got. But unfortunately there is no action so far. SEBI is also not refunding atleast that 5000 cr, which is now available with them. Every thing is hoth-poch here.

    REPLY

    Arun Mehta

    In Reply to skp 8 years ago

    The very concept of" Q" shop is an issue to be subject to scrutiny. Sadly, our ever greedy cricketers walked into the Saharshri's 'Honeytrap' and modeled in TVC's for this elusive brand to give 'credibility' to this new forced diversion of refunds ordered by Apex court.

    We are listening!

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