[Marxistindia] Alarming Levels of Crony Capitalism

[news from the cpi(m)]

February 21, 2018

Press Statement

The Polit Bureau of the Communist Party of India (Marxist) has issued the
following statement:

Alarming Levels of Crony Capitalism

The Polit Bureau of the Communist Party of India (Marxist) expresses its
grave concern at the alarming rise of levels of crony capitalism under
this BJP government and Prime Minister Modi. One after another chosen
corporates’ who have defrauded people’s money and manipulated the system
are allowed to leave the country before facing the law of the land. The
latest in this is the case of Nirav Modi.

The government is refusing to answer how this person was allowed to leave
when a FIR was impending against his crime and subsequently to surface
along with the Prime Minister for a photograph at the Davos World Economic
Summit. This case needs to be probed thoroughly. In the previous instances
of financial frauds of Harshad Mehta or Ketan Parikh, Joint Parliamentary
Committees were constituted and the then Finance Ministers had deposed
before them and put in place corrective measures. In the instant case also
a JPC should be constituted and the current Finance Minister must be made
to answer all the relevant questions.

Further, the Prime Minister must furnish information on who are the
industrialists whose NPAs have been waived to the tune of Rs. two lakh
crore, according to the statement made in parliament. The Prime Minister
must also provide a list of industrialists accompanying him on his foreign
visits at the expense of the State exchequer. Concealing of these names
shows the levels to which crony capitalism benefitting chosen individuals
close to the ruling party is being practised. This is completely
reprehensible and cannot be accepted.

The Polit Bureau of the CPI(M) calls upon all its Party units to organise
protest actions on the above demands across the country.




(Hari Singh Kang)
For Central Committee Office