All of us in the know of political affairs in India are aware that Amar Singh of the Samajwadi Party represents the worst form of cronyism in the country. This member of parliament gets a free pass in the investigations on the cash-for-vote scam because of a nonsensical technicality that prevents Lok Sabha members from summoning Rajya Sabha members for a committee investigation. Not long ago, Amar Singh's name figured in the list of contributors to the Clinton Foundation, headed by the erstwhile scandal-tainted (remember Whitewater, the dubious Wag-the-dog bombings in Sudan and what-not) president Bill Clinton. The shameful circumstances in which the Nuclear Deal was passed through, and the government survived a trust vote over the issue, and Amar Singh's name getting splashed all over the place in the allegations and counter-allegations; the lobbying (a legitimate illegitimacy in the United States) for the Indo-US Nuclear deal, Amar Singh considering himself a close friend of Messrs Clinton -- all these add up to an intriguing story.Vijay Prashad wants to figure out where (and where from) Amar Singh's supposed contributions to the Clinton Foundation ended up.
Why did the fourth largest IT company choose to take the criminal route of falsifying accounts and indulging in fraud? Either Ramalinga Raju is exaggerating the hole in his balance sheet or there is some other, more complex, and more disturbing explanation. Economist CP Chandrasekhar writes in The Hindu. Cartoon courtesy, The Hindu newspaper
The murky links between corporates and politics has come out into the open with the brazen displays of cronyism by Amar Singh, the wheeling-dealing unrepentant dalaal, belonging to the Samajwadi Party. Paranjoy Guha Thakurta provides a background on this murkiness that surrounds Indian politics and the parties of the big bourgeoisie. Courtesy The Hindustan Times.