â€˜We have laws addressing drug and human trafficking, we have legislation addressing money laundering and through many post 911 legislation money transfers and terrorism and is it not time yet to have an international commission addressing the transfer of ill gotten gains by politicians, head of states, individuals into foreign banks?
Is it not time for international banks which include Swiss, those in the Christmas and Canary Islands and other â€˜banana republicsâ€™ to release a dossier on huge deposits made!
We should initiate an international treaty where all foreign banks are by international law required to publicly display information on politicians, head of states and individual foreigners especially from the developing and third world countries who may have huge obese and vulgar deposits in their banks!
What better way than this to combat corruption at each and every level in the name of democracy and human rights?
We have the abuse from the Marcos, Shah of Iran, Mubarak, Saddam and other regimes deposits!
The Modus Operanti is the same!
Perhaps, the Obama Administration can help?â€™ â€“ Dr Jacob George
WILL INDIAâ€™S GOVT FALL DUE TO TELCO SCANDAL?
According to reliable sources –
* India may have lost up to $39 billion in 2G revenue
* Prime Minister Manmohan Singh says he will not resign over the scandals
* While – Anil Ambani group firms in sharp sell off last week
According to sources in New Delhi – Billionaire Anil Ambani, who controls India’s No. 2 mobile carrier Reliance Comm was questioned on Wednesday by federal police in a widening corruption investigation that has battered the government.
The 51-year-old tycoon is the latest and highest-profile company executive to be quizzed by Central Bureau of Investigation (CBI) officials in the probe into whether lucrative mobile phone licenses and radio spectrum were sold at below-market prices in return for kickbacks.
Allegations the government may have lost up to $39 billion in revenue as a consequence have caused months of parliamentary paralysis and reached the highest levels of political and corporate India, shaking investor confidence.
Prime Minister Manmohan Singh, whose ruling coalition has been rocked by the scandal, spent a large part of a rare news conference on Wednesday defending his embattled government over a series of corruption scandals.
The telecoms scandal has brought down a former telecoms minister, leading to his arrest by the CBI.
According to sources during the course of his weekly visit to New Delhi, Anil Ambani met CBI officials today to clarify ongoing issues, relating to telecom matters for the years 2001 to 2010, and virtually every telecom operator in the country.
Interestingly, according to Broadcasters NDTV and CNN-IBN Anil Ambani had been summoned by the federal police for questioning though this was denied by the Reliance ADA Group!
The CBI has ordered companies who were involved in the telecoms license process to answer a series of questions as it probes irregularities and possible corruption.
In the meantime â€“ it is pertinent that Swiss authorities and other lead foreign banks which include those in the Christmas and Canary Islands be forced to release a dossier on deposits made by foreigner and most importantly, politicians and head of states worldwide!
Perhaps, we could initiate an international treaty where all foreign banks are by international law be required to publicly display information on politicians, head of states and foreigners especially from the developing and third world countries who may have huge obese and vulgar deposits in their banks!
What better way than this to combat corruption at each and every level?