India: Mangoes in a Banana Republic?

October 12th, 2012
in econ_news, syndication

Econintersect: A public interest litigation [PIL] has been filed against Robert vadraVadra son in law of Congress President Mrs Sonia Gandhi, in Allahabad Court, India. The PIL has sought thorough probe into allegations that Robert Vadra had benefited in a quid quo pro deal with DLF Limited, a publicly listed real estate development company. The next hearing is scheduled for November 21, 2012.

Exact amounts involved in the land deals are not clear at the moment.

Follow up:

Anti graft activists Arvind Kejriwal and Supreme Court Lawyer Shashi Bhushan accused Robert Vadraof corruption in crony dealings with DLF Ltd a publicly listed company having business in real estate. The next day, on October 11, 2012 Goldman Sachs downgraded DLF from its Asia Pacific buy list.

Robert Vadra called the activists Mangoes. The word Aam Admi in Hindi means common man and Aam also means Mangoes. He called the activists "Mangoes of Banana Republic."

Robert Vadra had made this remark on Facebook . Reaction from the public tired of moribund economic performance, inflation, grafts, scandals and virtual policy paralysis was swift and angry.  Vadra closed down the Facebook account.

Only a thorough investigation will reveal the truth.  The country has been rocked by mega scams with dull repeatability.

The tired citizens of India wonder about the next scam that will hit them. The last scam for the country before this one was a $ 35 billion Coalgate scam which broke with a government audit report just two months ago (17 August 2012).  It was reported that the goverment was letting coal mining concessions without competitive bidding.

Sanjeev Kulkarni


  • Scams in India: Wiki


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