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.
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.
A very happy and a prosperous 2013 to all the readers of Canary Trap. As we enter the new year, we bring you the top 10 posts of 2012 from different categories (Corruption, Politics, Security and Intelligence, History, Media Analysis, World News).
The Commission has directed SEBI to disclose the names of entities which were allegedly involved in the insider trading of shares of Reliance Petroleum in 2007.
Canary Trap has been reporting on the entire issue since May 2011. This eBook is a compilation of all the articles written by petitioner Arun Agrawal and published on our blog.
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.
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.
It needs to be mentioned that Mr Khosla was not even on the shortlist of the selection committee. The post of the chairman has been vacant since last ten months so that he alone may be selected for the post.