Don’t be surprised. After all, our government is open for business only to those who pay an entry fee!
Though there have been extra-constitutional authorities and power centres in the past, the country has not known an official power centre like that of Omita Paul.
Is there a saving clause in the Vodafone-Hutch agreement that states that if Vodafone is made to pay the income tax on the Rs 45,000 crores gain made by Hutch, then Hutch will indemnify Vodafone for it?
Were the officials following orders to hold on to these cheques? Orders from the Ministry of Aviation, maybe? Or were they just following friendly advice from the accounts department of Kingfisher Airlines? What could have been the reason?
The capital market is a highly complex subject having huge impact on the economy. It cannot be left to the mercy of amateurs and interlopers posing as experts and to do so is inviting a third scam from which it will be difficult to recover.