This Article is From Oct 23, 2012

Highlights: Arun Jaitley on VBS files, money trail

Highlights: Arun Jaitley on VBS files, money trail
New Delhi:

BJP's National Spokesperson Nirmala Sitaraman and senior leader Arun Jaitley respond to allegations of corporate fraud levelled against BJP President Gadkari after Congress General Secretary Digvijaya Singh called for a probe into the matter.


Below are the highlights:

Arun Jaitley
  • There has been unprecedented corruption in the last few years
  • LPG, diesel price hike is affecting all sections of society
  • Traders against proposal to bring FDI in retail
  • Congress President in her speeches yesterday said that Centre sends money for states ; states send taxes to Centre so that is their right, not a favour
  • She said we want Lokpal, Opposition did not agree; they wanted a weak LokpalThe whole country saw the Lokpal farce till midnight; then why blame it on the opposition?
  • On corruption, she should have seen who was sharing the stage with her and then she would not have been able to mention that word
  • This is not a diary(VBS files) - it is almost a statement of accounts
  • The diary mentions government officers, Steel Ministry officials, officers in PSUs as recipients
  • The diary was seized in Dec 2010, and 22 months later the central government has not acted
  • It is not merely a revenue issue, it is a corruption issueThe allegations against Veerbhadra Sigh could be shameful for any political party. Someone who is a minister, Chief Minister must always be demonstrably more honest than others.
  • The issue is not whether the minister puts his initials down as VS or VBS - what we need to investigate is what those entries mean. It is a money trail - from Mumbai to Shimla
  • Unaccounted money finds itself in a ghost account and Veerbhadra and family are beneficiaries
  • An LIC agent in Shimla Anand Chauhan opens an account on PNB - and deposits lakhs in it every few days
  • Chauhan draws cheques on that account and pays LIC. The sum is 6 Cr rupees and the cash is converted to cheques and single premium policies are bought in the name of 4 people - those people become beneficiaries - Veerbhadra Singh, his wife, and two children
  • All these transcations are between 2008 and 2010 - from Mumbai diaries to Shimla policies
  • Veerbhadra Singh was a royal - he has real estate - he had an apple orchard
  • He gave that on contract to one Bishambhar Dass - who pays an annuity of Rs 10.5 lakhs a year - that finds mention in the IT returns - 2009, 2010, 2011 7.5 lakhs, 15 lakhs and 25 lakhs has been declared as his agricultural income
  • So when Anand Chauhan was quizzed- the question arose how to explain the unaccounted money
  • So a retrospective agreement was drawn up - so Bishambhar evaporated-17/6 /08 Bishambhar Das agreement15/6/08 - a new agreement was drawn up where 2% is given to Anand Chauhan and 98% for Veerbhadra for the produce sold  - naturally this was false as returns had been  already filed
  • The questions are obvious - you have filed two sets of returns, two agreements, ghost accounts are opened. There are so many evidences in the first instance
  • CBI cannot investigate payments made to its own officers
  • This is not the first time a demand for SIT has been made
  • Nitinji has said any one can investigate his businesses - now that is upto the government
  • CBI is investigating the coal scam - we will raise the issue in Parliament again
  • Our demand that the allocation be cancelled stands
  • Economic activity should have clarity and be legal - anyone not following the law should be investigated and punished
  • I have on the basis of documents and reports presented them to you - IT depts in Shimla and Mumbai have these facts
  • But I believe that it is not a tax case - this is a corruption case that should be investigated
  • (ON TIMING) We did not have the papers - the revelations have been made 2 weeks ago by the media.

Nirmala Sitaraman
  • There is an effort by the Congress to show that the allegations against Veer Bhadra Singh as a matter of Tax avoidance - it is not that, it is an open and shut case of corruption
  • It is an effort to cover up - BJP demands it being treated as corruption and be investigated in all seriousness
  • I don't think ministers should be selective in picking in  choosing - Party president has said that any competent authority can investigate
  • The BJP president has himself responded to the allegations in one on one questioning in TV channels. Party endorses his opinion
  • BJP is not on the backfoot in issues of corruption
  • Congress has been running away from answering questions - nor have they been open about investigation
  • You found cabinet ministers of the union cabinet saying there is no need to investigate (Vadra) matter
  • There are very serious allegations against Veerbhdra Singh
  • There is a clear case of corruption in high places - the money trail needs to be searched and investigated



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