How much Sweet?

Prime Minister Manmohan Singh and Congress party boss Sonia Gandhi are capable to rescue the Government from the growing controversies with Shashi Tharoor mentored Rendezvous Sports World, the company which won the IPL Kochi Team franchise. In fact, income tax department’s raids at IPL headquarter and Commissioner Lalit Mody is part of government’s rescue operation. The recent raids at IPL head quarter is described as ‘survey raid’. The ‘survey raid’ means income tax department is free to halt the raids if it so desires. Off course, due settlement is often arrived at between the taxation department and the assesses. In such matters, finance ministry always claims no knowledge. They always say that they have nothing to do with the raids and government never interferes with taxation business. In the matter of IPL, it is almost certain government may claim no knowledge or promise the parliament about informing it after gathering the information. The information probably may be suitable to clear off Shashi Tharur fully or partially. It is also probable the government is likely to gather the information, which may be more suitable if needle of suspicion may lead pinpoint, the rivals of government or Shashi Tharoor either.

The Bharatiya Janata Party, the main opposition party in Indian parliament was not satisfied with the statement made by Shashi Tharur. Government party knew that Shashi Tharoor making statement is useless exercise; however, statements by members or ministers are allowed in parliament to make statements because such statements are a part of larger damage control exercise. Such statements are often used to encompass the irrelevant is that leads the parliament to no issue zone. The income tax department raids may reveal more information about ten franchisee owner companies. These raids may reveal much more details about ‘sweet equity’ given to Sunanda Pushkar, the fiancée of Shashi Tharoor also. There are strong roomers that lot of money laundering has happened in IPL franchisee business. The various franchisee companies are by cine artists, industrialists who involve in bidding for IPL franchisees including the Rendezvous Sports World mentored by Shahsi Tharoor, the junior minister for foreign affaires.

According to the provisions in taxation laws the survey raid proceeding can be called of any time if the raiding party satisfied with the sufficient material is presented to it. Instead of holding enquiry of Rendezvous Sports World, finance ministry decided to hold wholesale enquiry into the of all the IPL franchisees and entire biding business. Thus, the enquiry may through light on all the shady deals of all rival team owners. The rivals who have raised the outcry against Shashi Tharoor mentored company in which Sunanda Pushkar, the fiancée of Shashi Tharoor, owns sweet 70 crore rupee sweet equity. Anyway, nobody knows about sweet business of sweet equity. This sweet business may be sweeter to concerned industries. Sure, it is bitter for India, bitter than the Bofors scandal that damaged India’s political stability in nintieees. The sweet equity issue may damage company affaires in India.
–Ramesh Zawar
Senior Journalist