Was Mr Chidambaram was responsible for the generation of a 2 lac crores of black money by the mining mafia ?

Question

Mr Chidambaram was responsible for the generation of a 2 lac crores of black money by the mining mafia due to illegal mining, low royalty and massive evasion of income tax.. 

The mining royalty is to be revised every three years as per section 8 of MMDR Act. It came up for revision in Oct 2004. The royalty was deliberately was kept low and fixed and not ad valorem. This was in spite of profits in the mining of iron ore having soared manifold and giving a 50% return.  The royalty was deliberately kept at a token Rs 15 /tonne ( average) when the industry was making windfall profits. He deliberately did not revise the royalty on 14/10/2007 when the rates of iron ore had doubled in three years and profit was 80%. He did not revise the royalty in 2008 as long as he was finance minister. 

The sales record of the iron ore miners will show that they were grossly under invoicing the sale price and under reporting the profits. Huge amount of black money was generated and salted away. There was pay offs for not imposing export duty and when imposed the duty was negligible! 
Was Mr Chidambaram ignorant of the stupendous profits being made by the mining industry?  Had he not served on the Board of Vedanta and been a corporate lawyer and a tax expert? It is being alleged that the entire mining lobby was favoured financially  by Mr Chidambaram for extraneous reasons. 

http://rajee.sulekha.com/blog/post/2011/06/p-chidambram-how-corrupt-he-is.htm

He is from an aristocratic background, well educated and trusted by people but there are very many dubious roles played by him in Govt.! Swamy and JJ accused him about the P notes allowed in the Share market in spite of serious doubts to raised by experts and the security concerns raised by NSA himself!

Even in Spectrum deal. Asks the above website: How could he have allowed Maran and Raja to sell the pan India spectrum/license for Rs1600 crores in 2007 and 2008 when Vodafone bought Hutch shares for a valuation of Rs 75,000 crores  announced in Feb 2007? Can he claim to be so ignorant of the law and valuation so as to allow the deal to take place? Did he protect public interest and public revenue?

so more than Raja it is the ''seasoned'' congress leader PC who had been more corrupt comitting and abetting losses to govt and protected by Dr Singh to this day! What is your take? Please share.

Madhukar · Accepted Answer

If Mr. Chidambaram does not resign or PM does not sack him, his weight will pull UPA down. Unfortunately, UPA top leaders are always late in acting by which time a lot of damage is suffered by them.

Edit:
The person who gave me a TD is a coward. Just giving an opinion to an answer and not answering the question is cowardice.

Bala Venkat · Answer

After the shocking sensation he created during the declaration of his success in last elections, when people were closely following the results particularly in his constituency, where he was trailing behind the AIADMK rival, the sudden lull in the declaration of last round counts and the declaration of his success thereafter...   had exposed how he had held the central leadership in his favour! 

For, the CEC Chawla who never intervened in the counts of other congress leaders who lost in the election, is said to have came to rescue him, as the Collector was called on phone..! The case is moving at snail's pace in the court and he is allowed to enjoy the Ministerial post with the taint, like many others in the Congress - the Adarsh hero in the ministry, the Delhi Chief etc who have been indicted by top auditors!    

So yest the congress supporters would dismiss all complaints, as they do with Dr Singh in spite of his dubious role in allowing all scandals to go on, or with Shiels Madam who had the arrogance to abuse the CAG and rubbish even the Committee appointed by PM! But discerning people know. Just like Indiraji who trampled the court verdict was thrown out by the people in next elections, the PCs and Sibals may also be overthrown by public for their sins!!

? · Answer

Mr.Dilli,haven't we heard of collective farming,collective movement etc.?It is unfair to blame PC alone for the Rs.2 lakhs crores of Black Money of the Mining Mafia.What we are experiencing in the various scams crawling out of the wood-work regularly like clockwork under the Congress Rule is a new collective too which I hereby christen as the Collective Loot.
Let us all Have a Collective Day of Kicking the Hell out of this Corrupt Regime.
Meanwhile have a Great Day.

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Was Mr Chidambaram was responsible for the generation of a 2 lac crores of black money by the mining mafia ?

3 Answers