A crook among us
The investigation of Ambindent Marketing Pvt Ltd which has committed a fraud of hundreds of crores, the mask of many so called ‘prestigious’ persons is coming off. The enormity of this crime is unravelling with the arrest of BJP supporter and former minister who was also a BJP insider, Janardhan Reddy. National leaders of BJP are trying hard to disassociate themselves from Reddy as much as possible. Ambident is not a crime committed by a single person. This is an operation that has a massive team work behind it.
There is a cheat even among those who cheat on others. The same mindset that prompts them to cheat people, makes one fall for such trap as well. This has been proved beyond doubt in Ambident case. We cannot simply hold the kingpin of the chain responsible and wash our hands off the rest of the case or even by just blaming Reddy for the whole mess. Names of media persons are also being heard in connection with this case. Apart from giving ‘breaking news’ or ‘investigation report’ TV channels have also served much more than their share of news to the people.
Some television channels have been known to blackmail a few influential and rich people, a few gullible ones too, to extract money from them. Ambident incident has unmasked this criminal side of the channels who preach honesty to the world but are involved in dark businesses themselves. The Ambident case is trying to project those who recklessly invested black money earned through real estate transactions into this company, as victims of the fraud. There is a culprit in them, who wants to earn easy money. Aren’t we forgetting that? All these people would hesitate a lot if they were asked to invest into factories or businesses run by the most hardworking farmers of this country. They’d never use their money to bail out anyone in trouble. This very selfishness of wanting to earn easy money has got them trapped.
The investors are not some normal innocent persons. There are officers and many others who enjoy great respect in the society. This company has used their greed to make money for its investors. Along with this, the brains behind the company also know the greed in the media. Company and its people like Reddy need goodwill of people across the spectrum to protect them in case they get caught. That there are politicians behind this is beyond doubt. Moreover, how would Reddy get Rs 20 crore? How can he operate without the ‘safety’ assured by his political bosses sitting in Delhi who assured Reddy to give a word on protecting the men behind the company?
Political parties which used the money supplied by Reddy are party to Ambident without a doubt. Not just that, even voters who took the money from Reddy to cast votes in favour of his candidate are also beneficiaries of this scam. So before blaming someone for this, we need to see how big this chain of social liability gets. There is not much of a difference between Reddy and TV channels heads who were part of this fraud network. Those blackmailers in the guise of media persons are more dangerous than Reddy because they are not identified as criminals yet. Though they preach all nobility to people, deep inside they’d be hand in glove with the criminals. When the issue of their morality raises, one would wonder how dark their souls are to even speak about this. Finally, the benefit of Ponzi schemes such as Ambident are shared by both Reddy types and the media types. If the latter category is party to this, they should be arrested immediately.
If they are let off, number of people who assume they can loot people and run away with money and enjoy media protection, will increase manifold. Hundreds of companies come up everyday with money-doubling Ponzi schemes. Even police officers have invested in this and have silently suffered when the money was all gone. Easy methods to make money always land people in trouble some day or the other. People invest in them without even thinking and then cry victims when the fly-by-night companies disappear into thin air with their money. Instead of investing into such fake companies and losing money, people should come together to make co-operatives and invest into businesses that aid better socio-economic growth. That way their returns are assured and even society benefits at large.
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India moving towards becoming global economic powerhouse: Kovind
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Amritsar (PTI): Former president Ram Nath Kovind on Friday said that with digital transformation, economic reforms and a strong focus on the ease of doing business, India is moving towards becoming a global economic powerhouse.
He was speaking after inaugurating the 19th edition of the Punjab International Trade Expo (PITEX) in Amritsar.
The former president said that this 19th edition of PITEX is being organised at a time when India is recognised as one of the fastest-growing large economies in the world.
Speaking at the inaugural ceremony of the event organised by the PHD Chamber of Commerce and Industry (PHDCCI) the former president, while referring to Punjab, said the state is a living example of courage, sacrifice and enterprise.
"The spiritual light of Sri Harmandir Sahib (Golden Temple) inspires peace and humanity across the world. The heritage of Punjab is deep and inspiring," Kovind said, according to a statement issued by the PITEX.
The former president congratulated the PHDCCI for hosting the 19th edition of PITEX and suggested that the chamber should expand PITEX outside Punjab.
He proposed that a similar event should also be held in New Delhi.
