Friday, November 9, 2012

HSBC - Home Service for Swiss Banking!

The disclosures made by Kejriwal's against HSBC at today's (9-Nov-2012) press conference have very far reaching and serious implications.

It has been alleged that an international HSBC has provided door-service for
  • opening accounts
  • collecting and transferring funds to the Swiss accounts
  • receiving funds from the Swiss accounts and delivering them as and where sought by the account holders.

All the account holders had to was make a phone call and everything was done for them at their doorstep.

According to the allegations crores and crores of funds have moved in and out of the country without even having the account holders to even leave their house.

Can the average Indian citizen even imagine of opening a saving account so easily!!


This means that a person could transfer funds from any place to any place through HSBC's Swiss Account with complete anonymity. No wonder so much black money is able to circulate in the system causing so much harm to the entire world.

Terrorists, criminals and corrupt rich could deploy their funds wherever they wanted.

Frightening - very frightening

USA had already taken cognizance of this functioning of HSBC and hauled up the bank earlier. It seems that US have even warned the Indian Government about this. A warning that had been casually brushed aside.

Friday, November 2, 2012

Is the charisma of Arvind Kejriwal waning?

India's fast track crusader against corruption, Arvind Kejriwal,  has certainly managed to catch the attention of the Indian masses.

He has directly attacked India's top political family - Sonia Gandhi's son-in-law and other top politicians. Opposition leader Nitin Gadkari 's business activities too came under public scrutiny after Arvind spoke against him. Now, his latest allegations against Mukesh Ambani and his flagship company Reliance Industries Ltd have once again raised the issue of corruption at high places.

All this certainly has caught everyone's attention. He has just reinforced everyone's belief the corruption is rooted in India in a big way, but it is fast becoming evident that even he can not do much to get the guilty punished.

So now it remains to be seen how long Arvind Kejriwal is able to retain all this attention. Even during the last revelation against Mukesh Ambani, we noticed that there wasn't much enthusiasm in way the people have reacted.

My question is...  Is Arvind's charm is wearing off?  and my own take is Yes!

The common man does not need any more  revelations. He knows how deep routed the corruption is in this country. He is too busy working hard for his next meal to care about revelations and accusation.