ndsharma's blog

Dayalu Ammal’s curious case

Posted on: April 29, 2011

A friend (a lecturer in a professional institute) wonders if he invests huge funds in Fixed Deposits (FDs) in the name of his wife (also a lecturer in another professional college) without telling her and pockets the interest, will his wife be liable to penal action if the FDs ever came to the knowledge of the Income Tax Department or some other agency?
The question cropped up the day the newspapers had reported that the CBI had apparently accepted Dayalu Ammal’s plea that she was unaware of the source of the Rs 200 crore invested in the Kalaignar TV Pvt Limited, of which she is additional director and holds 60 per cent of the company’s shares. The money was paid from December 2008 onwards, presumably from the 2-G Spectrum loot.
Dayalu Ammal is the wife of Tamil Nadu chief minister and DMK supremo Karunanidhi. Asked about the funds, she was reported to have told the CBI in her statement: “I state that I am not aware about the same as I am neither managing nor involving myself in the day-to-day affairs of the company. I am also not aware about any such funds and as to who arranged that.”
Naturally, The CBI did not chargesheet Dayalu Ammal saying that she didn’t actively participate in the running of Kalaignar TV and that she knew only Tamil. This sounds strange for the CBI to accept the claim of a chief minister’s wife that she was not aware of what was happening in the company of which she was the 60 per cent stakeholder. At least two witnesses were reported to have told the CBI that Dayalu was indeed the part of the decision making process in the Kalaignar.
Even if her claim is true (which is very difficult to digest), someone must have been making various transactions in the company in her name. The least that is expected of the CBI investigators is to reveal the identities of those who were doing it without informing her and book them under additional provisions of IPC for fraud and cheating, among other sections.

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Value of propaganda

Adolf Hitler believed in the use of propaganda as an integral element to seizing and holding on to political power. His maxim was 'the bigger the lie, the more easily it will be believed, provided it is repeated vigorously and often enough'. (Sean Murphy in his book 'Letting the Side Down')

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