It is not a coincidence that most of the big Ponzi operators are also in the media business and involved in sponsoring sports? The former gives them blackmailing power and the latter is an advertising expense.
Is it not true that apart from the black money brought in as FDI, large amounts of this anonymous black money is invested in the Stock Market through P-Notes whose true ownership has not been allowed to be declared by the Government/RBI/SEBI?
Restoring the credibility of the NSE is far more important than the questionable reputation of the individuals at the helm of affairs who file defamation suits and fail to report RIL insider trading and refuse to be transparent.
This allegation of the information Commissioners having a pro- establishment slant is best illustrated with a real example of an appeal involving Reliance (RIL) which was decided by a three member bench during the period when the selection of the Chief Commissioner was taking place.
The ‘strange’ thing that begs attention is why would HSBC apologize to an Indian businessman if they had not officially given the list to anybody?