Dear All, happy new year. To those of you who said my blog only targeted Nira Radia or Vaishnavi, do take a trouble to go through the earlier blogs posted such as Madness in Mumbai , Relying on Tata?, First Margaret Alva, next Yogendra Makwana…senior Congress functionaries seem to be falling, Behuria to be next TRAI Chairman?, Watching Planes take off new hobby of IB, It’s O-fficial. Obama has routed John McCain to become the first black president of the US. People see what they want to see and read what they want to read. If I get any material on other PR agencies be certain I will post them with the same alacrity as the one on Vaishnavi. As for my anonymity, alas it will continue much in the tradition set forth by deep throat .
Dec 31, 2008
Dec 30, 2008
Dec 29, 2008
Dear Mohan or Sunil Kumar ( since you signed as ) or whosoever you are, I assume you are a pseudonym for Messer Radia & Associates, since you made a stupid mistake of signing with your original name. Unfortunately I have nothing to do with Anil Ambani or his companies and you obviously think he or his henchmen like Tony Jesudasan are your only enemies. Think in the past and try to remember who all in Indian Media you have tried to bribe and for those who refused to accept your bribes and how you got them out of their jobs. Perhaps I am one of those victim journalist who stumbled on this information about the income tax investigation quite by accident.
By all means do investigate and expose all of Anil Ambani’s misdeeds an more power to you for that, but that does not remove the stench of bribery and corruption you practice as a part of your PR trade.
By all means do investigate and expose all of Anil Ambani’s misdeeds an more power to you for that, but that does not remove the stench of bribery and corruption you practice as a part of your PR trade.
Dec 26, 2008
Income Tax tracks Vaishnavi payments to journalists
A case of Income Tax evasion is being scrutinized by the Additional Commissioner range 17 against Vaishnavi Communication and Nira Radia. The total income tax evasion for the last two years is estimated to be in the range of 7 cores. Income tax sleuths who spoke on condition of anonymity said they were alerted to the evasion because of large cash withdrawals (above Rs 5 lakh per transaction) which have been shown as petty cash against expenses.
A secret enquire revealed that there were concurrent deposits made in the accounts of some journalists who have been helping Vaishnavi (which handles all corporate PR for the Tatas) and its newly founded subsidiary Neucom which handles all PR for Mukesh Ambani and Reliance Industries. A scrutiny is also believed to be on of the accounts held by Manoj Warrier, currently CEO if Neucom and Kirby Furtado a key executive both of whom are believed to be the conduits of payments being made to some elements of the media. In some cases some deposits were made in the accounts of the wives of some of these journalists. While the Finance Ministry is believed to have issued strict instructions to the Chairman CBDT and Member Investigations not to target the media, the Ministry through SEBI’s investigation wing is also keen to ascertain whether payments made by PR companies such as Vaishnavi and Neucom are in any way linked to sponsored media reports that have an impact on the stock markets and certain shares.
Based on complaints made by some of the targeted companies whose listed shares crumbled under the impact of dramatic front page reports or TV Channel breaking news based often on forged documents or fake SEBI orders in circulation, the PMO has directed the economic intelligence wing of the IB to give a full report on the nexus between PR agencies, some journalists, some brokers and a few top officials of corporate houses who the Government believes are manipulating the stock markets through daily spot trades.
Also under investigation are suspected diversion of funds from Vaishnavi to Magic Air as well as Sudesh Foundation an NGO in 2004, 2005 and 2006.
A key Vaishnavi aide former finance secretary C.Vasudevan has tried to get the Income Tax matter closed but so far the Investigating Officer has been immune to persuasion. Watch this space for more details on the progress of these investigations.
A secret enquire revealed that there were concurrent deposits made in the accounts of some journalists who have been helping Vaishnavi (which handles all corporate PR for the Tatas) and its newly founded subsidiary Neucom which handles all PR for Mukesh Ambani and Reliance Industries. A scrutiny is also believed to be on of the accounts held by Manoj Warrier, currently CEO if Neucom and Kirby Furtado a key executive both of whom are believed to be the conduits of payments being made to some elements of the media. In some cases some deposits were made in the accounts of the wives of some of these journalists. While the Finance Ministry is believed to have issued strict instructions to the Chairman CBDT and Member Investigations not to target the media, the Ministry through SEBI’s investigation wing is also keen to ascertain whether payments made by PR companies such as Vaishnavi and Neucom are in any way linked to sponsored media reports that have an impact on the stock markets and certain shares.
Based on complaints made by some of the targeted companies whose listed shares crumbled under the impact of dramatic front page reports or TV Channel breaking news based often on forged documents or fake SEBI orders in circulation, the PMO has directed the economic intelligence wing of the IB to give a full report on the nexus between PR agencies, some journalists, some brokers and a few top officials of corporate houses who the Government believes are manipulating the stock markets through daily spot trades.
Also under investigation are suspected diversion of funds from Vaishnavi to Magic Air as well as Sudesh Foundation an NGO in 2004, 2005 and 2006.
A key Vaishnavi aide former finance secretary C.Vasudevan has tried to get the Income Tax matter closed but so far the Investigating Officer has been immune to persuasion. Watch this space for more details on the progress of these investigations.
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