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Where does all the scam money goes?

by SatbirSinghBedi, November 21, 2009 11:32

There have been so many scams in India.  If we sum up the total money involved in the scams, it would be more than 1 lakh crores of rupees.  The question that arises is: where does this scam money goes? This question is very important because if we could recover such a huge amount of money, our fiscal deficit can be wiped out.
 
I have found out that this money does not go anywhere but remains with the scamesters.
It can be recovered if both the movable as well as immovable property of the scamesters is confiscated.  Then we would be in a position to utilise this money for building a strong and healthy India; an India free of poverty and diseases.  However, scams would even then be repeated.  So, we have to find a solution to the whole problem.  Although it may sound harsh, the only way out is that all the scamesters should be hanged in public so that it may act as deterrent for other people.  A law in this regard is urgently require to be enacted and then implemented.
 
Satbir Singh Bedi, BH(Poorvi)682, Shalimar Bagh, Delhi-110088
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Total Comments : 2 
The money in cash or kind is always paid to 'bend' rules or 'lubricate'  government machinery and 'cut the red tape' on files for licenses.

The money flows from private enterprise to establishment. They spend it as much as they can and remaining is stashed away for future pleasures. It may be stashed away or invested in tax havens. 

The root cause of scams is therefore the license raj and how the babus use their ingenuity to squeeze the enterpreneurs to cough more and more. The babus are always the conduit to the netas, and not the other way round. 

The remedy is in doing away with licensing and de-regulating most to run by market forces.
November 21, 13:09 PM 
@ satbirji,

i guess, all the money goes in the "inside chambers or draws" in houses or premises of wealthy people in power ... like in a chamber of the roof of the bathroom, like the one in SRK movie Duplicate ... or in a secret chamber underground in the movie Kandasamy of vikram in tamil.

we surely need a strong law to combat such disappearance of public money ... and enforcement is the key.

cheers !
November 21, 13:49 PM
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