12-12-2005, 10:47 PM
<!--QuoteBegin-->QUOTE<!--QuoteEBegin-->Food-for-oil kick-back went to Sonia Gandhi: Dr. Swamy
Statement of Dr. Subramanian Swamy, Janata Party President and former Union Cabinet Minister in London[UK] at the Meet the Press convened by the Indian Journalist Association on December 9, 2005.
Now that no one in Indian Parliament is questioning anymore the authenticity of the documents of the Volcker Committee Report on the UNâs Iraq Oil for Food Programme, it is time to decode the method of stashing away of the ill-gotten money siphoned off from the programme by Indian politicians. <b>Although oil vouchers has got most the media attention, the âkick-backsâ in the sale of food and medicines etc., by 125 companies is the bigger scandal which must be taken up later.</b>
But the hunt for accountability must start at the top which in this case is the Congress Party led by Ms. Sonia Gandhi. It is now established that the then Oil Minister of Iraq had met Ms. Gandhi at her residence in the presence of Mr. Natwar Singh, and the matter of oil voucher was discussed. In January 2001, Mr. Singh met Saddam Hussein in Baghdad with a letter from Ms. Gandhi[ which is with Volcker Committee]. Vouchers for lifting 4 million barrels of oil at a concessional price was then issued in the name of the party.
<b>This oil allotment did not go to Indians or Indian refining PSU companies, but instead was sold at market price to a Marc Rich owned foreign company: Masefield AG. </b>The difference between the concessional price and the market price, <b>about Rs. 300 crores, found itâs way from Swiss banks to Cayman Island to New York for investment.
</b>
<b>I have now verified that the ill-gotten money earned by Ms. Sonia Gandhi ended up in HSBC bank in New York[Yonkers branch] deposited in the account of Century Development Group, Inc., account number: 652-72521-0. This is a benami account of Ms. Sonia Gandhi operated on her behalf by Zach Thomas, the New York based brother-in-law of Ms. Sonia Gandhiâs Man Friday Vincent George.</b>
After the UPA come to power at the Centre, the Finance Minister broke the law by creating a financial instrument called Participatory Note[PN] which was put out of the purview of the SEBI, and hence not required to disclose the source of funds when invested in the Mumbai and other stock exchanges. Ms. Sonia Gandhi used the Fidelity Investments company of New York to make extensive âpenny stocksâ purchases to manipulate the stock market âboomâ and earn huge profits. Indians thus lost at both endsoil and stock market stability. Ms. Gandhi has used the Century Development outfit to purchase real estates in US, and has been permitted to channel investments of NRI to Kerala. In this connection, Muthoot Company of Kerala must be investigated as well.
<b>After the Volcker Committee Report came out, Ms. Sonia Gandhi instructed Mr. Thomas to get rid of all the records. The company was thus hastily sold to two Americans in Nevada in mid-October.</b>
Ms. Sonia Gandhi is also implicated in the Letters of Credit opened by Vitol Financiers, which company has an office in Mumbai too.
Ms. Sonia Gandhi must resign from the Cabinet rank post of Chairperson of the National Advisory Council of the UPA government, <b>because she has already sought to influence the investigation in India by the Enforcement Directorate. Kolkata based Telegraph has reported that on December 6th at 4 PM, ED officials were summoned to her residence for a briefing and for receiving directions on further inquiry.</b><!--QuoteEnd--><!--QuoteEEnd-->
Statement of Dr. Subramanian Swamy, Janata Party President and former Union Cabinet Minister in London[UK] at the Meet the Press convened by the Indian Journalist Association on December 9, 2005.
Now that no one in Indian Parliament is questioning anymore the authenticity of the documents of the Volcker Committee Report on the UNâs Iraq Oil for Food Programme, it is time to decode the method of stashing away of the ill-gotten money siphoned off from the programme by Indian politicians. <b>Although oil vouchers has got most the media attention, the âkick-backsâ in the sale of food and medicines etc., by 125 companies is the bigger scandal which must be taken up later.</b>
But the hunt for accountability must start at the top which in this case is the Congress Party led by Ms. Sonia Gandhi. It is now established that the then Oil Minister of Iraq had met Ms. Gandhi at her residence in the presence of Mr. Natwar Singh, and the matter of oil voucher was discussed. In January 2001, Mr. Singh met Saddam Hussein in Baghdad with a letter from Ms. Gandhi[ which is with Volcker Committee]. Vouchers for lifting 4 million barrels of oil at a concessional price was then issued in the name of the party.
<b>This oil allotment did not go to Indians or Indian refining PSU companies, but instead was sold at market price to a Marc Rich owned foreign company: Masefield AG. </b>The difference between the concessional price and the market price, <b>about Rs. 300 crores, found itâs way from Swiss banks to Cayman Island to New York for investment.
</b>
<b>I have now verified that the ill-gotten money earned by Ms. Sonia Gandhi ended up in HSBC bank in New York[Yonkers branch] deposited in the account of Century Development Group, Inc., account number: 652-72521-0. This is a benami account of Ms. Sonia Gandhi operated on her behalf by Zach Thomas, the New York based brother-in-law of Ms. Sonia Gandhiâs Man Friday Vincent George.</b>
After the UPA come to power at the Centre, the Finance Minister broke the law by creating a financial instrument called Participatory Note[PN] which was put out of the purview of the SEBI, and hence not required to disclose the source of funds when invested in the Mumbai and other stock exchanges. Ms. Sonia Gandhi used the Fidelity Investments company of New York to make extensive âpenny stocksâ purchases to manipulate the stock market âboomâ and earn huge profits. Indians thus lost at both endsoil and stock market stability. Ms. Gandhi has used the Century Development outfit to purchase real estates in US, and has been permitted to channel investments of NRI to Kerala. In this connection, Muthoot Company of Kerala must be investigated as well.
<b>After the Volcker Committee Report came out, Ms. Sonia Gandhi instructed Mr. Thomas to get rid of all the records. The company was thus hastily sold to two Americans in Nevada in mid-October.</b>
Ms. Sonia Gandhi is also implicated in the Letters of Credit opened by Vitol Financiers, which company has an office in Mumbai too.
Ms. Sonia Gandhi must resign from the Cabinet rank post of Chairperson of the National Advisory Council of the UPA government, <b>because she has already sought to influence the investigation in India by the Enforcement Directorate. Kolkata based Telegraph has reported that on December 6th at 4 PM, ED officials were summoned to her residence for a briefing and for receiving directions on further inquiry.</b><!--QuoteEnd--><!--QuoteEEnd-->