Stockguru.India allegedly dupes 2 lakh investors of over Rs1,000 crore

Despite the dubious modus operandi it followed, the company has escaped the regulators’ net

Stockguru.India, (SGI) a fraud company operating as a self-styled investment adviser, has allegedly duped its investors of around Rs1,000 crore. According to these investors, the company's managing director is absconding.

In December 2010, Moneylife had reported about the dubious modus operandi of Stockguru.India and advised investors to stay away from investing in the company. (This MLM openly flouts SEBI norms and offers 120% returns in a year through stock market investment!)

Going by the comments posted on consumer complaint forums, as many as 2 lakh investors have been duped of a whopping Rs1,000 crore.

One comment reads: "It's really the height of deception. Lokeshwar Dev made a lot of promises and played with more than 2 lakh families. I (had) also invested hard-earned money and even advised many of my friends … as I found it to be a very lucrative plan. As per Lokeshwar's comment, he has run away to the US and will not return until he would be out of IT department boundaries and (it will) take several years. His web site, contact numbers, top leaders contacts are out of reach, hence there is nobody to help us."

Another comment says, "Stockguru.India was a pre-planned fraud by Lokeshwar Dev Jain. In February, he had to return 100% principal amount taken by his company six months back, so he himself complained to Income-Tax authorities about surplus cash in his office. Only a handful amount of money was seized, as Lokeshwar must have withdrawn the entire amount from the company's account, which is estimated at over Rs1,000 crore, before the raid which he was expecting. He kept making a fool of everyone for the next two months, so he could escape to the US along with his family."

SGI is a multi-level marketing (MLM) company that promised 20% returns per month. The company describes itself as the country's 'Premier Financial Consultancy', offering trading solutions in equity, derivatives, currency futures, commodities trading, initial public offerings (IPOs), insurance (life/non-life), general insurance, mutual funds, portfolio management services and terminal handling, all under one roof.

The MLM company's investment plan was very simple. You pay a minimum Rs10,000 as investment and Rs1,000 as registration fees. There is no limit on the maximum amount one can invest. It offers a return of 20% per month for up to six months and the principal amount invested is returned in the next six months. It also gives post-dated cheques of the principal and a promissory note as security. In short, on an investment of Rs11,000, the company offers to pay Rs12,000 in six months and the rest Rs10,000 over the next six months, that is a total of Rs22,000 or a 120% return in a year.

Such huge returns were suspicious, given the volatility in the market, but it did manage to attract a lot of investors.

SGI is not registered with the Securities and Exchange Board of India (SEBI) as an investment adviser, but still offers to trade on behalf of clients. It also operated without any trading licence from the Reserve Bank of India and SEBI. So, will the regulators take any action against the officials of the company?

Moneylife had raised this matter earlier, but it seems that the regulators ignored the issue. Hope this time around the regulators, who keep on harping that 'they care of retail investors', will punish the fraudsters and save the investors.

Moneylife Foundation, an affiliate of Moneylife, that is a not-for-profit organisation promoting financial literacy, has always advised people not to invest in MLM companies, which are not registered with SEBI or RBI. However, people continue to fall in the trap since they promise high returns.

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    COMMENTS

    Nikhil verma

    5 years ago

    Does the victims get their money back in this case?

    manoj kumar

    7 years ago

    Hello Sir / Madam
    14th April 2014
    Tees Hajari Court
    Time 9:30 AM

    In written do submit your complaint against (Loku) please came there n do action than will be relies ur money if no than forget


    Ye Paisa hamara apna hai to wo harami ku khayee
    khud ka paisa ho to sub aana agar khud ka paisa na ho to mat aana bhul jana kuki aadat hai bhul jane ki lekin hame bhulna nahi hai please

    manoj kumar
    9050000365

    REPLY

    Baljeet Singh

    In Reply to manoj kumar 7 years ago

    Tis Hazari Court, Delhi, Room No. 146 on 14th April 2014,,,, Call Manoj ji 09050000365 or Baljeet Singh 09999409832 for further detail, God bless

    manoj kumar

    7 years ago

    Hello Sir / Madam
    14th April 2014
    Tees Hajari Court
    Time 9:30 AM

    In written do submit your complaint against (Loku) please came there n do action than will be relies ur money if no than forget

    manoj kumar

    Baljeet Singh

    7 years ago

    Dear All SGI victims, reach at TIS HAZARI COURT, DELHI on 14th April 2014 at room no. 146, in the court of honourable Jugde, Madam Sugandha

    Baljeet Singh

    7 years ago

    STOCKGURU victims, come to Tis Hazari Court on 14th April 2014, I wrote about Lokeshwar Dev Jain Cheater,,, BAKRAY KI MAA KAB TAK KHAI MANAYEGI, KABHI TAU EED AYEGI,,,

    Baljeet Singh

    7 years ago

    Dear all stochguruindia victims, I would like to tell you that cheater Lokeshwar dev Jain real name Ullhas Prabhar Khare & his cheater wife, both are in Jail & they will appear in Tis Hazari Court,Delhi at Room No. 146 on 14th April 2014, I request you all to reach at Tis Hazari Court, Delhi on 14th April 2014, room no 146, my name is Baljeet Singh, my cell number 09999409832, I invested 7 Lac & received nothing, now come & get together, Union is Strength

    crmohanraj

    8 years ago


    CNN-IBN in its video http://ibnlive.in.com/news/stock-guru-sc... of Nov 13, 2012 at 07:44pm asks:

    "However, 24 hours after the breakthrough, some big questions remain:

    - Why did the SEBI not investigate the investment firm M/S Stock Guru India earlier?

    - Why did the SEBI stay quiet on Stock Guru's open promise of 20 per cent interest returns?

    - Are some SEBI officers also involved in the scam?"

    I went to SEBI showing forged Power of Attorneys produced by Motilal Oswal and a clear court verdict. One year and four months down the line, despite many reminders to Chairman SEBI himself, SEBI has done nothing. [Ref my article in Money Life vide http://www.moneylife.in/article/wiped-ou...]

    Now,like CNN-IBN I too feel like asking :

    Are SEBI officers also involved?

    Mohan Raj
    13 Nov 12

    JITENDER SEHGAL

    8 years ago

    yeh log dehradun se hame bhi 11 Lakh ka Chuna laga kar 12 Jan 2009 dehradun se bhi farrar hai.
    Lokeshwar jain ka naam Dehradun mai Dr. Maheshwari tha aur saath mai inki wife bhi thi inki pics bhi hai mere pass

    REPLY

    Baljeet Singh

    In Reply to JITENDER SEHGAL 7 years ago

    Dear Jitender ji, aap inke pics facebook pe daal dijiye, bahut achha rahega :)

    Baljeet Singh

    In Reply to JITENDER SEHGAL 7 years ago

    Dear Jitender Sehgal ji, Namashkar, Lokeshwar Dev Jain @ Ullhas Prabhakar @ Dr. Maheshwari & his wife is having so many fake names like him, but at the end of the day, what they will do, now they are behind the BARS & looking for bail, shame on them & on her parents,
    I Pray to the God for return our hard earned money, I am sure we will get our money back, God is Great,,, Baljeet singh 09999409832

    manoj kumar

    In Reply to Baljeet Singh 7 years ago

    Hello Sir / Madam
    14th April 2014
    Tees Hajari Court
    Time 9:30 AM

    In written do submit your complaint against (Loku) please came there n do action than will be relies ur money if no than forget

    manoj kumar
    9050000365

    Baljeet Singh

    In Reply to JITENDER SEHGAL 7 years ago

    Hello Sehgal ji, I am Baljeet Singh from New Delhi,,, I am happy to tell you that cheater Lokeshwar will appear in Tis Hazari Court, Delhi at room no.146 on 14th April 2014, reach on time please, my cell 09999409832

    DEVENDRA

    8 years ago

    The good news heard in aaj tak that stock guru's chairman Mr. Lokeswar Dev arrasted from Ratnagiri- Maharastra........ Now we have some hopes of returns the invested money back.....

    DEVENDRA TAILOR

    ANAND (GUJARAT0

    REPLY

    Baljeet Singh

    In Reply to DEVENDRA 7 years ago

    Devendra ji Namashkar, I am really happy to tell you that cheater Lokeshwar & his cheater wife Pryanka Saraswat, both are behind the bars & looking for bail, they have to appear Tis Hazari Court,Delhi, Room No. 146 on 14th April 2014, I request you to reach there & then we will ask & get our money back, if we will not follow, how we will get our hard earned money back, so pls come or send your friends who are SGI victims, my cell no. 09999409832, Baljeet Singh

    DEVENDRA

    8 years ago

    hyy

    Veeresh Malik

    8 years ago

    As per latest reports, the two people involved have been nabbed in Ratnagiri.

    REPLY

    Baljeet Singh

    In Reply to Veeresh Malik 7 years ago

    Namaste Veeresh Malik ji, you are right those 2 persons Cheater Lokeshwar @ Ullhas Prabhakar & his wife Pryanaka Saraswat, now date at Tis Hazari Court,Delhi, room number 146,on 14th April 2014,pls come if you are in Delhi or surrounding area, tell all your friends to reach there, my name is Baljeet Singh, I am from New Delhi, my mobile 9999409832

    sanjeev kumar

    8 years ago

    kya sir mera paisa kab milega plse help me

    Manoj Kumar

    9 years ago

    Mujhe b is insaan ne chunna lagaya hai isko to find karna padega hai koi mard ka baccha jo mere sath ho to main ise dund lunga agar mera saath de sakte ho to mujhe 09050000365 pe or meri email id pe sampark karoo isko to sale ko chodna ni chooooodna hai kuta sala lokeshwar dut jain plz contact to me

    REPLY

    Baljeet Singh

    In Reply to Manoj Kumar 7 years ago

    Manoj ji Namashkar,
    Aaj Hamari baat hui hai phone per, cheater Lokeshwar ki date hai 14th April 2014, Tis Hazari Court me room number 146, uski cheater wife bhi ayegi, ab humko zyada se zyada sankhya me court me time per pahunchna chahiye taki hamare paise humko vaapis mile, sabko share karo ji,,,, cal me any time Baljeet Singh 09999409832

    Baljeet Singh

    In Reply to Manoj Kumar 8 years ago

    Dear Manoj Bhai, Hum apkay sath hain, ye Lokeshwar Dev Jain saala kabhi tau kisi K haath zaroor ayega, sab K mehnat K paise hain, Police bhi dhoondh rahi hai uss harami ko, uski wife bhi jhoothi hai kamini ZALIL hai vo bhi,

    sandeep

    In Reply to Manoj Kumar 9 years ago

    mai tumara sath mai hu. us kamina ko pakadnay mai,

    Baljeet Singh

    In Reply to sandeep 7 years ago

    Sandeep ji Namashkar, aap mujhe call karo 09999409832, I am Baljeet Singh,,,, agar aap pahunch sako tau zaroor aao, 14th April, Tis Hazari Court,Delhi, Room No. 146, Cheater Lokeshwar Dev Jain aur uski cheater wife Ki date hai,,,, hum log apna money vapis lena chahtay hain, mujhe call zaroor karna

    Manoj Kumar

    9 years ago

    SIR Stockguru.India company ka kyaa hua m bahut garib hun or bahut mehnat se pase ikkathe kiye the company bhag gyi kyaa karee hamare yahan to facility ka abhav hai kuch kar ni sakte to meri govt of india se gujarish hai ke wo is insan ko dundh ke saja de or gariboo ke pase dilwayee thankx

    Sandeep khandelwal

    9 years ago

    Hello Friends , Mr Lokeshwer Dav jain Friend Mr Anil pareek In jaipur. Say What We R Doing him.

    REPLY

    Baljeet Singh

    In Reply to Sandeep khandelwal 9 years ago

    Dear Sandeep Khandelwal ji, Namashkaar,
    I am Baljeet Singh from New Delhi, I lost my 7 lac with stockguru, ye sala Lokeshwar & uski wife bahul Zalil niklay, unka employee Anjum Ansari bhi Zalil tha, ye sab kuttay ki maut marengay, pata nahi kahan chhup K baithe hai ye haraami,
    I request you, please get together & catch any clue, pls write me , my id [email protected] , my cell number 09999409832, thank you & God bless you

    manoj

    In Reply to Sandeep khandelwal 9 years ago

    Bhai sahab jain ke dost ko pata hoga ke wo sala kutte ka pilla kahan hai

    Anti-corruption crusade: 15,000 Puneites congregate at Shaniwar Wada in support of Anna. What a moment!

    Last evening in Pune was historic! It was probably only the third time that the city has witnessed such euphoria after the Samyukta Maharashtra movement and the JP movement all those years ago

    The imposing ramparts of Shaniwar Wada were witness to an electrifying moment in history, as more than 15,000 Puneites turned out on Friday evening in support of the campaign led by Anna Hazare against corruption in the country. The candle-light march, which was more than two kilometers long, began from Bal Gandharva and culminated at Shaniwar Wada. Candles in hand, the protestors marched in triumph-the young and the old, the feeble and the physically challenged, all joined in with a missionary zeal. The shouts were predictable: 'Anna Hazare aage bado, hum tumhare saath hain' and 'Hum honge kaamayab ek din'. But the passion was unexpected and quite unbelievable.

    The mobilisation from the morning was by word of mouth, and through emails and SMSs. It spread like wild fire. By 6pm there were already more than 5,000 Puneites lined up on Jangli Maharaj Road, opposite Bal Gandharva. With every minute the crowd began to swell, all with the singular determination to eradicate corruption.

    It's a long time since Pune witnessed any such euphoria. Mangesh Tendulkar rightly said, "The first time was during the Samyukta Maharashtra movement. The second was during the JP movement. This is the third in support of Anna Hazare's fast.''

    Through the day, streams of people visited the pandal outside the Pune Municipal Corporation, where we undertook a day-long fast. Teenagers and youngsters joined in a 'skip a meal' campaign that required citizens not to eat any one meal of the day, whether it is breakfast, tea, lunch or dinner.

    Youngsters made passionate speeches about how they were fed up with the corruption in everyday life that was even affecting their education. They talked about joining the fight because they wanted to have a better life in the country and not run away because of the daily inconveniences.

    Representatives from IT companies told us that at least 500 techies had joined in the candle march. Around 85 NGOs pledged their support to the cause. And passersby stopped to inquire and lend their support too.

    All described the common agony: Corruption that has reached mind-boggling levels and how high-profile politicians and bureaucrats who were guilty of this were getting away easily. They were angry and did not know how to express their anger-till now, that is. The untainted figure of Anna Hazare on a hunger protest at Jantar Mantar helped draw them together, like iron filings to a magnet.

    It's the biggest victory of a people's movement since Independence. The nation has indeed arrived! Corrupt politicians are realising that they will not be able to take people for granted! It has been a triumph of the people's collective resolution and sacrifice. It's the beginning of the end of the corrupt scoundrels who rolled in wealth and luxury with the people's money!

    Thank you for your support.

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    COMMENTS

    nagesh kini

    10 years ago

    Mumbaikars thank you Punekars for their massive support for the Lok Pal Bill Rally. We do appreciate the efforts of Anna and Arun Bhatia for all their efforts.

    Valerian Texeira

    10 years ago

    All the anti corruption legislations put forward by Anna Hazare and his team including the Jan Lokpal Bill cannot control most of the corruptions in India in any significant way mainly because majority of corruptions leave no concrete evidence or its foot print records to prosecute them under the court of law however stringent may be the punishment “IF convicted”! Therefore it becomes almost impossible to convict and punish the majority 90% (if not 99%) of its perpetrators even when charged they are mostly set free by the courts for lack of concrete corruption evidences. Also they have lots of corruption money to buy expensive lawyers or appeal to the higher courts. If you fight against corruption without the concrete evidence you will loose if you accept corruption you will hugely gain and make more money. The common man knows this too well therefore forced to choose the second option by submitting or accepting the corruption as the way of life!

    IF YOU REALLY WANT TO DETER THE MAJORITY OF THE PEOPLE FORM ENGAGING IN CORRUPTION, FIRST OF ALL YOU SHOULD MAKE SURE THAT THE CONCRETE EVIDENCE OF EVERY CORRUPTION CRIME (BASICALLY ILLICIT MONEY TRANSACTION) GETS RECORDED EVERY TIME AND EVERYWHERE WHEN IT HAPPENS. If anyone wants to know more about this search for my blog in the <.blogspot.com>

    Pradeep

    10 years ago

    Thanks anna, you have come as ray of hope for all. I also stay in pune but feel sad to miss the rally. I am trying to do what I can to be part of Anna's struggle so should every indian be. Thanks Anna you are another bagat singh for us

    Jyoti

    10 years ago

    Pune is the cultural capital of the country and it is no wonder that large number of people participated.Except Kapil Dev no other cricketer expressed their views.Perhaps most of them are CORRUPT.

    Anti-corruption crusade: Government miscalculated the ground realities

    Getting Baba Ramdev in on Day 4 was brilliant, and timed with the statements by the Bajajs and Munjals added value which nobody could have predicted. The government totally miscalculated the rapid growth of the protests, not just in Delhi, but in the rest of the country. It could impact the forthcoming elections in various states, too

    I was among a group of the Defence Colony Welfare Association Residents' Welfare Association-a mixed group of retired services personnel, professionals, home-makers and business-people-who joined in the protest against corruption, spearheaded by Anna Hazare, at Jantar Mantar, on Friday. The atmosphere there was vastly changed from what it was the previous day; not just because of the support from Baba Ramdev and Bollywood personalities like Farah Khan, Tom Alter and some others, in as much as there was a feeling that the government is on the back foot.

    (Click here to see Kareena Kapoor and Mallika Sarabhai pledging support to Anna Hazare Courtesy: ANI, Sify.com)

    If anything, the contingent of plain-clothes people, probably from an assortment of intelligence services, appeared even more worried, probably for having miscalculated the ground realities, as well as the strategic moves by the organizers. Getting Baba Ramdev in on Day 4 was brilliant, and timed co-terminus with the statements by the Bajajs and Munjals added value which nobody could have predicted. One particular gent, with whom I have developed a nodding acquaintanceship over the last few days, told me that they had totally miscalculated the rapid growth of the protests, not just in Delhi, but in the rest of the country. How it was likely to impact the forthcoming elections, too, in various states. And, how now not just the foreign press, but also diplomats were walking around openly.
     
    The uniformed police and fire service personnel, on the other hand, looked even more relaxed and part of the milling crowds-it almost looked as though everybody had already figured out that these are our people, about each other. People were following instructions given by the local police and fire service and their ambulance services were parked strategically. Even the much-reviled Municipal Corporation of Delhi and New Delhi Municipal Corporation did their part-the mobile public toilets are an example in cleanliness, with some sanitation workers on duty explaining that this was one duty they were going to make sure was impeccable. And for the first time we saw what looked like off-duty armed forces people in fatigues walking around, without any of that uniformed self-consciousness that sometimes accompanies such events.
     
    This has on one side grown into a nation-wide people's movement, that's not so much about a Lokpal Bill which people do not understand, or a man variously being referred to as hazaar, hazaara, hazaroo, hazra or something similar, but more about people now wanting an end to corruption across all levels. On the other side, the rumour mills were working overtime, with all sorts of stories about such and such leader having run away abroad, or the government planning stern reprisal, and then what happens next. Some were even asking why Shobhaa De, for example, has not been seen of or heard from lately!

    A couple of major questions on the minds of protestors were 'how do we go about courting arrest' and 'what other methods will we use to make sure this is a success too'. Some volunteers on the fourth day of their fast were taken away to hospital; others appeared as resolute as before. The percentage of women in the crowd seemed to have gone up, and so too the visible number of wealthier and upper middle-class people. Also, people appeared to have reacted with disappointment to the statement by Mohandas Pai of Infosys that he did not want to say anything about corruption in India. Bajaj and Munjal, on the other hand, were cheered through some hand-written posters.
     
    It is encouraging to see the number of people present going up multiples, this despite the cricket frenzy that has not ebbed. The whole of Jantar Mantar, from the Ashoka Road end to Tolstoy Marg end, is barricaded and converted into a walking-only zone. This is a stretch of 1.5 km, a change from the 50 metres space that was initially alloted on one side of Jantar Mantar Road. The special space I had on top of the South Indian Snack Centre is now totally occupied by many others who have discovered the place. Barring the few people sitting in front, at Jantar Mantar, the rest of the area is "standing room only".

    My advice to those who want to go to Jantar Mantar is to head there early in the morning. Make your presence felt. Get counted, now. Where the movement will eventually lead may not be entirely clear yet, but it cannot get any worse than what the government has already brought matters to-now, things can only improve.

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    COMMENTS

    RNandakumar

    10 years ago

    Anna Hazare and his group could only give guidance. But he cannot afford to be everywhere. Some basic acts by the people would help these noble efforts to bear fruit. We all must insist on registering the houses on its true value of payment without undervaluing it for saving registration cost. We should insist on bill for all the purchases we make. Small shops little amount purchase excuses should be avoided. Decipline ourselves to wait for our turn be it a que for your ticket or the latest model diesel car. Politicians exploit our inability to cope with the rules and we are the reason why and how he thrives. Our soeciety should first inculcate the habit of following rules. Then under the anti corruption and RTI acts we can hook the politicians.

    Vinay Isloorkar

    10 years ago

    12.4.11
    What is that subtle jab about Shoba De? Pl educate.

    Vinay isloorkar

    REPLY

    malq

    In Reply to Vinay Isloorkar 10 years ago

    Thank you for writing in. For a short while the rumour mills in Delhi were working overtime about how certain people were moving out of India with their money - and that it was largely the page-3 set doing so . . . for some reason the High Priestess of Blah's name came into the running.

    Vinay Isloorkar

    In Reply to malq 10 years ago

    12.4.11

    Hi Priestess of Blah! Chuckle! Chuckle! She has competition from La Tavleen.

    nagesh kini

    10 years ago

    The powers that be grossly underestimated the Peoples' Power.

    That the Aam Admi, having lost his patience, calling enough is enough simply joined into to give the clarion call that corruption by any name ghoos, chai pani, graft, speed money or facilitation fees will not be countenanced and immediate enactment of demanded the the long lost Lok Pal Bill that shoved in the Parliament's cold storage for 42 long years and enacted in consultation with Civil Society to cover the high and mighty like the PM, big babus and judiciary..

    Roopsingh

    10 years ago

    To me the root cause of corrupt politicians and beaurocrats is the huge amount of money collected by govt in various names which simply is TAX-this taxed or KHANDNI (LOOTED )has grown exponential in recent years-and people are paying for no proper use of it-the actual use of this taxed or looted money is used to GHAR BHARO of these corrupt people-
    so i would ask people and Mr Anna Hazare to start a movement asking people not to give tax to these corrupt govt-once this agitation starts and people start asking fro proper accounting for their hard earned money-corruption will dramatically reduce-
    so presently i HATE to pay taxes -and i advice people not to pay their hard earned money if possible-evade the taxes-
    because it is fuelling the coruption.

    Valerian Texeira

    10 years ago

    the anti corruption legislations put forward by Anna Hazare and his team including the Jan Lokpal Bill cannot control most of the corruptions in India in any significant way mainly because majority of corruptions leave no concrete evidences or its foot print records to prosecute them under the law court however stringent may be the punishment “IF convicted”! Therefore it becomes almost impossible to convict and punish the majority 90% (if not 99%) of its perpetrators even when charged they are mostly set free by the courts for lack of concrete corruption evidences. Also they have lots of corruption money to buy expensive lawyers or appeal to the higher courts. If you fight against corruption without the concrete evidence you will loose if you accept corruption you will hugely gain and make more money. The common man knows this too well therefore forced to choose the second option by submitting or accepting the corruption as the way of life!

    IF YOU REALLY WANT TO DETER THE MAJORITY OF THE PEOPLE FORM ENGAGING IN CORRUPTION, FIRST OF ALL YOU SHOULD MAKE SURE THAT THE CONCRETE EVIDENCE OF EVERY CORRUPTION CRIME (BASICALLY ILLICIT MONEY TRANSACTION) GETS RECORDED EVERY TIME AND EVERYWHERE WHEN IT HAPPENS. If anyone wants to know more about this search for my blog in the <.blogspot.com>

    REPLY

    malq

    In Reply to Valerian Texeira 10 years ago

    Thank you for writing in. I think many of us believe that it is the little drops that add up. Many routes, same destination. Please stay in touch with the IAC movement.

    B Rajaram

    10 years ago

    Practically every corrupt guy would sign sign such pledge and join the bandwagon so that this uncalled for public attention to their day tot day peaceful profitable business of administering governance, is taken care of and boxed in.

    10 Janpath also supported. so DMRC also supports. The DMK too supports and with Congress BJP and every party supporting who is opposing?

    Anaa goes home and will struggle with thousands of papers putting a comma and afull stop and the bill will not see the day of light so long as some teeth are suspected to be present to hurt the corrupt.

    A murderer is innocent till proven. Many murderers may escape under law but one innocent man should not be punished.

    Similalrly this law in implementation will see that many a corrupt may escape with honour but one suspected innocent shall be protected.

    Poor goodman Anna will have to agree.

    One thing Government will not do is web based transparent open governance in real time making the last three steps prior to deciding available in public domain.

    We are fooled once gain.

    REPLY

    malq

    In Reply to B Rajaram 10 years ago

    Thank you for writing in. Let us all be positive and hope for better days. You can do your part, too.

    Jyoti

    10 years ago

    Two NGO's viz.Art of Living of Sri Sri Ravishankar and Bharat Swabhiman of Baba Ramdev played very important role in mobilizing YOUTHS of the country .Social networking sites were also used in innovative way, so due to pressure 24 X 7 news channels were left with no option but to cover this event extensively.At the end of the day these factors were responsible for its success at the end of the day. In the coming days all this factors will be debated.

    REPLY

    malq

    In Reply to Jyoti 10 years ago

    Thank you for writing in. We need to do more than debate. Please do your bit NOW.

    Mumbai Indian

    10 years ago

    I beg to differ from your conclusion. This kind of movements have stopped to influence elections since the Emergency. Remember, after 26/11, there was big hue and cry in Mumbai. Lakhs of people were there on the streets, candle marches etc and everybody was thinking that this would affect the election outcome. What happned? NOTHING. Only 44% people voted in that election. This is the reason why all politicians have become so thick skinned. And they are the only candidates who can even think about contesting and winning any election. Common people can't. In today's situation, even to lose an election, one needs at least 5 crore rupees.

    REPLY

    Java

    In Reply to Mumbai Indian 10 years ago

    The Jan Lokpal Bill is the first of many planned steps already articulated by Anna Hazare and his team. Electoral reforms is one of these, Anna Hazare specifically talked about the right to vote for "None of these candidates", which, if selected by a majority, would result in declaring the election void and make all those candidates ineligible for the re-poll that would have to be held. He also talked about the right to recall elected representatives and the devolution of power to the local bodies.

    Bhavesh Damania

    In Reply to Java 10 years ago

    Hi Jaya,
    Can you explain the point in detail pls..you seems to have brought differnt dimnesion to the activity which masses are not aware of.

    CommonAadmi

    In Reply to Bhavesh Damania 10 years ago

    Dear Bhavesh, If you are really interested please listen to a 2 hour speech given in October 2010. The link is: http:// http://www.youtube.com/watch?v=FW-zTVhTbRk
    This is lengthy I know, and ignore the first ten minutes of this speech but this is whole plan from the Horse's mouth for going forward. Thats all I can say.

    malq

    In Reply to CommonAadmi 10 years ago

    Thank you all for writing in. And thank you for the views too, as well as the link.

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    Pathbreakers
    Pathbreakers 1 & Pathbreakers 2 contain deep insights, unknown facts and captivating events in the life of 51 top achievers, in their own words.
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    The Scam
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    Stockletters in 4 Flavours
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    MAS: Complete Online Financial Advisory
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    FREE: Your Complete Family Record Book
    Keep all the Personal and Financial Details of You & Your Family. In One Place So That`s Its Easy for Anyone to Find Anytime
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