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RBI COULD HAVE ACTED AGAINST THESE PO...

Chalanachithram.com DB » New TF Industry Related » Archive through June 20, 2016 » RBI COULD HAVE ACTED AGAINST THESE PONZY SCHEMES « Previous Next »
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Bluelagoon
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Posted on Monday, June 20, 2016 - 05:33 am:       

LOLIGADUnnuvvu icchina thotti links lo MATTER ILLIO heheh

nuvvu mathra google ceyakunda icchava links nanu google master antunnavu kiki

besides first sec 58b of RBI cat emi septhudho thelusko

tharvatah NDTV thotti links eddhuvu gaani heheh

Section 58B in The Reserve Bank of India Act, 1934
*58B. Penalties.â
(1) Whoever in any application, declaration, return, statement, information or particulars made, required or furnished by or under or for the purposes of any provisions of this Act, or any order, regulation or direction made or given thereunder or in any prospectus or advertisement issued for or in connection with the invitation by any person, of deposits of money from the public wilfully makes a statement which is false in any material particular knowing it to be false or wilfully omits to make a material statement shall be punishable with imprisonment for a term which may extend to three years and shall also be liable to fine.

kottha laws thevalsina avasara undhi to further tighten the nosse but that does not mean tehre is no LAW PRESENT TAHT EXISTS . RBI has already laws to act within its provision on saradha type scams

BUT rajan rbi simply did not do anything where as SEBI within its limited powers did something
 

Chanakya
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Posted on Monday, June 20, 2016 - 05:25 am:       

inka nayam ATM robbery ayinapudu Rajan em chestunnadu aapakunda anettu unnaru ga :D
You have your way. I have my way. As for the right way, the correct way, and the only way, it does not exist.
~Friedrich Nietzsche
 

Lolligadu
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Posted on Monday, June 20, 2016 - 05:17 am:       


Bluelagoon:

hehehh RBI has the power to inspect and prosecute against these deposit collecting companies as it fell within its ambit given under Section 58(b) of the RBI Act. But it did not act", a source in the ED told PTI.


mari reguatory ki meaning ade.... kinda ichina link lo ade vundi google medhavi.... konsem sadivi eduvu

http://profit.ndtv.com/news/banking-finance/article-hindi-ot her-regional-languages-can-help-people-understand-banking-ra jan-773375

He asked the Govt to bring laws to stop those kinda crimes.....
http://www.ndtv.com/india-news/to-avoid-sahara-like-ponzi-sc hemes-pm-modi-wants-a-new-law-1413400
ban Krishna_jilla for being a TT
 

Bluelagoon
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Posted on Monday, June 20, 2016 - 05:08 am:       

RBI i merely a regulatory body which advises about the daily structuriztion of monetory policy..... REPO reverse Repo penchalanna thagginchalanna FM nunchi authorization undali... advisory body which has complete knowledge of finance.
//

abab cha avacchadu andi LOLLIGADU LAWYER GORU..hehehh RBI has the power to inspect and prosecute against these deposit collecting companies as it fell within its ambit given under Section 58(b) of the RBI Act. But it did not act", a source in the ED told PTI.
 

Lolligadu
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Posted on Monday, June 20, 2016 - 04:27 am:       

google undi kada ani edi padithey adi rayatame kikiki.... mana sontha knowledge emiledaaaa????

Ponzy schemes ni bn cheyyali antey okaa law teesukuravali which is not in the purview of RBI...... RBI i merely a regulatory body which advises about the daily structuriztion of monetory policy..... REPO reverse Repo penchalanna thagginchalanna FM nunchi authorization undali... advisory body which has complete knowledge of finance.

http://www.ndtv.com/india-news/to-avoid-sahara-like-ponzi-sc hemes-pm-modi-wants-a-new-law-1413400

http://profit.ndtv.com/news/banking-finance/article-hindi-ot her-regional-languages-can-help-people-understand-banking-ra jan-773375

infact he advised govt to bring laws to stop these kinda schemes....inka kottu katteyyi....
ban Krishna_jilla for being a TT
 

Bluelagoon
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Posted on Monday, June 20, 2016 - 03:04 am:       

My economist friends and several former colleagues in US are appalled by the drama of R3, orchestrated on being given marching orders.
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Subramanian Swamy â@Swamy39 6h6 hours ago
R3 with UPA Govt. since 2007, as Econ Adv to PM 2008-2012; to PC from 2012 to Sep 2013.

So, why economy do so badly during 2007-2013?
 

Bluelagoon
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Posted on Monday, June 20, 2016 - 03:03 am:       

Subramanian Swamy â@Swamy39 3h3 hours ago
TV anchors are wailing about R3 even now! Even US media has disowned him. Our anchors remind me of wailing harems when a change takes place.
Now most channel have forgotten R3. Only those channels under the tyranny of the unelectable and irrelevent former elite are still moaning
 

Bluelagoon
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Posted on Monday, June 20, 2016 - 02:05 am:       


Last_avataar:




hahah RBI ,SEBI duties kooda thelvakunda ee aviator id laantollaki malla vastharu RAJAN best for country ani support gaa harvard lo phd 2 years ke compelte sesian swamy ellaki thikalodu
 

Bluelagoon
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Posted on Monday, June 20, 2016 - 02:01 am:       

this post addressed to AVIATR ID
mundhu sarigga cadhavatam nerchuko

akkada matter SEBI ki powers lekapoyina thanakunan paridhi lo baaga act sesindhi

RBI under rajan powers unna intentionally cethuu mudukusukuni ksundhi nothing doen against tehse ponzy schemes
 

Bluelagoon
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Posted on Monday, June 20, 2016 - 01:58 am:       

Neek telvadanukunta...

SEBI can only probe irregularity related to stock operations

RBI ki SEBI ni comatre chestunnavu asalu, comedy kakapote//

RBI has the power to inspect and prosecute against these deposit collecting companies as it fell within its ambit given under Section 58(b) of the RBI Act. But it did not act", a source in the ED told PTI.

He said that ED had questioned both Reserve Bank of India and Securities and Exchange Board of India and asked about their roles in this regard.

Praising Sebi, the source said, although it did not have the power to inspect, it had started prosecution complaints against some of these companies.
mundhu sarigga cadhavatam nerchuko

akkada matter SEBI ki powers lekapoyina thanakunan paridhi lo baaga act sesindhi

RBI under rajan powers unna intentionally cethuu mudukusukuni ksundhi nothing doen against tehse ponzy schemes
 

Last_avataar
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Posted on Monday, June 20, 2016 - 01:38 am:       


Theaviator:




Neek telvadanukunta...

SEBI can only probe irregularity related to stock operations

RBI ki SEBI ni comatre chestunnavu asalu, comedy kakapote
 

Theaviator
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Posted on Monday, June 20, 2016 - 01:33 am:       

SEBI ki RBI ki teda telvakunda, para lu para lu..
 

Last_avataar
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Posted on Monday, June 20, 2016 - 01:27 am:       

Good Thats GC holder Rajan is moving out
Nothing is going to affect , becuase of his exit
 

Dma
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Posted on Monday, June 20, 2016 - 01:16 am:       

good morning akkiyyaa...
Jai Andhra!! Jai Jai Andhra!!!
 

Bluelagoon
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Posted on Monday, June 20, 2016 - 01:01 am:       

ndiaâs Mainstream Media (MSM) is today reporting widely about Senior BJP leader Dr. Subramanian Swamyâs letter to Prime Minister Narendra Modi dated May 16, 2016, for removing RBI Governor Raghuram Rajan. But the same MSM kept silent on a letter written by Swamy to Rajan, accusing him of trying to hush-up Enforcement Directorate(ED)âs probe on former Finance Minister P Chidambaramâs son Kartiâs firmsâ money trail to Singapore. The letter dated January 5, 2015, was marked to the Prime Minister also and almost all media organisations had a copy of this controversial letter. Then why did they not publish this letter? It is believed that some editors tried to contact Rajan for his version on Swamyâs allegations but after talking to Rajan they too chose to stay silent.

In his letter to Rajan, Swamy not only accuses him of not co-operating with the ED, but also for alerting Chidambaram on EDâs move to track down Kartiâs banking transactions. The ED, on November 27, 2014, sought from RBI about the money transfer details of three Karti-controlled companies including Advantage Strategic Consulting in connection with Aircel-Maxis scam probe.

In his two-page letter, Swamy warns Rajan for filing a case against him for intervening and helping Chidambaram and his son Karti in the Aircel-Maxis probe monitored by the Supreme Court.

âIt is surprising that the RBI has not yet responded to the said communication from ED on the probe monitored. My sources inform me that you in your personal capacity have instead alerted the former Finance Minister P Chidambaram, who is the father of Karti Chidambaram about the EDâs letter. I do not know whether you are aware that the both father and son are suspects of CBI and ED to be interrogated further in the Aircel-Maxis probe.â

âAfter your alerting Chidambaram, he had sought to tamper with the evidence by putting pressure on Finance Ministry to dampen the investigation of ED with a view to hush up the matter. It is possible that since you were chosen by Chidambaram to be RBI Governor, you may feel obliged to alert him to the ongoing investigation, but as an RBI official you must know that informing and alerting him is a grave contempt of Supreme Court as potentially abetting tampering of investigation and evidence,â said Swamy to Rajan, cautioning the consequences.

âHence, I urge you in the interest of the purity of judicial process to immediately co-operate with the probe of ED and furnish all details of Karti Chidambaramâs companies as sought by ED to ensure unhindered investigation. It will be consistent with the duties and ethics of the office of the RBI Governor not to inform or tip off the suspects named for the investigation. I am keeping the Prime Minister informed of this letter,â said Swamy.

RBI got the EDâs request for sharing banking details on November 17, 2014. For more than 45 days it did not act on it. Swamy wrote on January 5, 2015. Within a week of receiving Swamyâs letter, the RBI submitted all banking data of Kartiâs companies to the ED.

It is very interesting to note that Rajan did not reply to Swamy. Normally he should have responded to Swamy to clear the air. Was it a guilty conscience that prevented Rajan from replying? Further, did Rajan also prevent Indian media from reporting this matter?

Mr. Rajan, you have some explaining to do
 

Bluelagoon
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Posted on Monday, June 20, 2016 - 12:56 am:       

http://www.rediff.com/business/report/rbi-could-have-acted-a gainst-ponzi-firms-ed/20141111.htm

The Enforcement Directorate, probing several scams in which deposit collecting companies (ponzi) like Saradha and Rose Valley were involved, on Tuesday said that the Reserve Bank of India could have acted against these entities as it had the power.

"RBI has the power to inspect and prosecute against these deposit collecting companies as it fell within its ambit given under Section 58(b) of the RBI Act. But it did not act", a source in the ED told PTI.

He said that ED had questioned both Reserve Bank of India and Securities and Exchange Board of India and asked about their roles in this regard.

Praising Sebi, the source said, although it did not have the power to inspect, it had started prosecution complaints against some of these companies.

"RBI is saying that its role was merely regulatory in nature.

âHowever, we have sent RBI officials a long list of questionnaire which they are yet to give a satisfactory reply although the deadline for giving the replies is over", he said.

The source said RBI also has enforcement powers.

According to him, the replies so far given to ED âhides more than it speaksâ.

So, we have again asked them to come up with proper replies.

Saying that identification of substantial proceeds of the crime in the Saradha case was over, he said that some actions taken by the now-dissolved Shyamal Sen Commission formed by the West Bengal government to refund money to the depositors was causing a problem for going ahead with the legal process.

Giving an instance, he said that the Shyamal Sen commission has asked money from the residents of one of the Saradha Group properties in South 24 Parganas Bishnupur area for registration of their apartments.

The apartment holders had paid money to the commission and got their flats registered.

"Now as a result of this, we are facing problems in starting the adjudication process in spite after attaching the properties."

"We have asked for the money collected. But the money is forwarded to state government", he said.

He said that lack of resources in the ED in terms of manpower and logistics support was also creating a hurdle.

Meanwhile, the ED had served summons to several English columnists and writers who had contributed in the Saradha group newspapers and also gone to foreign junkets.

So far, ED had attached Saradha Group properties worth Rs 600 crore (Rs 6 billion) in West Bengal, Jharkhand, Assam and Odisha.


RBI is saying that its role was merely regulatory in nature.

âHowever, we have sent RBI officials a long list of questionnaire which they are yet to give a satisfactory reply although the deadline for giving the replies is over", he said.

The source said RBI also has enforcement powers.

According to him, the replies so far given to ED âhides more than it speaksâ.

So, we have again asked them to come up with proper replies.


NO DOUBT NOW ALL TEHSE SCAMSTERS R SUPPORTING RAJAN

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