Saturday, April 1st, 2023 10:41:38

What lies in genesis of Rahul’s statement in London

Updated: March 14, 2023 3:24 pm

The Congress Art Gate Scandal in India was a major controversy that erupted in 2011, implicating several senior Congress Party leaders in a fraudulent art deal. The scandal came to light when the Income Tax Department raided the homes and offices of several art dealers and seized a large number of paintings.

The Congress Art Gate Scandal involved the sale of 21 paintings by some of India’s most famous artists, including M.F. Husain, Tyeb Mehta, and V.S. Gaitonde, to the Congress Party in 2008. The paintings were allegedly purchased by the Congress Party for a total of Rs. 90 crore ($12 million) and were meant to be displayed in the party’s headquarters in New Delhi.

The scandal came to light when it was revealed that the paintings were not displayed at the party headquarters as promised, and were instead stored in a warehouse in Gurgaon. The Income Tax Department’s investigation found that the paintings had been purchased at inflated prices and that the transactions were made through shell companies to avoid paying taxes.

Several high-profile Congress Party leaders, including former Delhi Chief Minister Sheila Dikshit, former Congress Treasurer MotilalVora, and former Union Minister Oscar Fernandes, were named in the scandal. The investigation found that Dikshit had allegedly facilitated the purchase of the paintings and had also received one of the paintings as a gift from the art dealer. Vora and Fernandes were also accused of being involved in the fraudulent art deal.

The scandal created a huge uproar in the Indian media and the public, with many people questioning the ethics and transparency of the Congress Party’s dealings. The opposition parties demanded a thorough investigation and the resignation of the Congress Party leaders involved in the scandal.

The Congress Party initially denied any wrongdoing and dismissed the allegations as baseless. However, as the investigation progressed, the party was forced to take action against the leaders involved. Dikshit resigned from her position as the Chief Minister of Delhi in 2013, citing health reasons, but many believed that the scandal had played a role in her decision to step down. Vora and Fernandes were also removed from their positions in the Congress Party.

Why am I telling you all this today? Because, Rahul Gandhi is not the only one who has been tarnishing our country’s image internationally, but his whole party is complicit in it. The Grand Old Party of India and its leaders are neck deep in corruption and give lecture on morality, democracy and what not. Rahul Gandhi’s remarks at Cambridge brought bad name to our country, he is a habitual offender of such slander but his party’s involvement in corruption cases has once again brought shame to the country. Let me tell you about this.

The Congress Art Gate Scandal, particularly the involvement of former Yes Bank CEO Rana Kapoor in buying artwork for the Congress Party, has gained international attention as a case study for the Financial Action Task Force (FATF), an intergovernmental organization that aims to combat money laundering and terrorism financing.

The FATF has highlighted this scandal as an example of how illicit funds can be laundered through the art market. In the case of the Congress Art Gate Scandal, Kapoor was accused of buying expensive artwork on behalf of the Congress Party at inflated prices, with the intention of laundering money through this process.The paintings were then sold to the Congress Party at inflated prices, with the intention of laundering the money through this process.

The FATF has noted that the art market is vulnerable to money laundering because of its opacity, lack of regulation, and high value transactions. The lack of transparency in the art market makes it difficult to track the source of funds used to purchase artworks, and the use of shell companies to carry out transactions can further complicate the matter.

In the report, FATF, without naming Rana Kapoor, spoke of one “Mr A” who was the managing director and CEO of an Indian bank and misused his position during his tenure by sanctioning loans of $628 million to business entities incurring losses or with negative credit, and thereby violating norms.

According to RanaKapoor’s statement, this is consistent with what he claimed. According to Kapoor, who was cited in the chargesheet submitted by the Enforcement Directorate last year, he was coerced into purchasing an MF Hussain painting from Congresswoman Priyanka Gandhi Vadra, and the money from the sale was used to treat Sonia Gandhi.

Milind Deora reportedly paid Kapoor multiple visits at his August KrantiMarg home to persuade him to buy the Hussain painting, according to Kapoor. Also, he received numerous messages, but according to Kapoor, he was hesitant to purchase the painting.MurliDeora, the father of MilindDeora and the then-petroleum minister, threatened Kapoor at a dinner party by stating that any delay in the purchase of the artwork will have negative effects on him and Yes Bank. According to Kapoor’s testimony, Deora further stated that any departure on his part due to a lack of contract closing will unquestionably prevent him from receiving the Padma Bhushan, for which he was at the time eligible.This is also a glaring example of how Padma awards were being sold during Congress regime. Anyways, what can one say about a party, PM of which gives himself Bharat Ratna Award, in his own reign?

Now “You” decide what kind of government or leaders you would like to represent India in the International arena. We, the people of India, have to decide and make decisions.

Posted By Uday India

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