Revealed! Links between PM Modi’s demonetisation and Sahara’s bribery diary

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In the last two days we’ve reported on the astonishing details emerging out of the Sahara and Aditya Birla Group diaries, whose entries revealed payments of crores made to ‘CM Gujarat,’ ‘Modi ji,’ ‘CM MP,’ ‘CM Chhattisgarh’ and ‘Shaina NC Ji.’

While the Birla diary mentioned a payment of Rs 25 crore (see below) to ‘Gujarat CM (12 Done-rest?),’ documents seized from Sahara premises were even more incriminating as revealed by Janta Ka Reporter.

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On page 89 of the Sahara diary, the Income Tax department’s appraisal report mentions at least eight payments made to ‘Modi ji’ in Ahmedabad via one, ‘Jaiswal ji.’

These payments, totalling Rs 40.10 crore, were made to ‘Modi ji’ by ‘Jaiswal ji’ between 30 October 2013 and 21 February 2014. By then Modi was already the BJP’s prime ministerial candidate and had launched the campaign for the Lok Sabha elections.

On the same page, there are entries of others significant payments made to ‘CM MP,’ ‘CM Chhattisgarh’ and ‘CM Delhi.’

‘CM MP’ was paid Rs 10 crore in two installments through one ‘Neeraj Vashisht’ while payment of Rs 4 crore to ‘CM Chhattisgarh’ was made by ‘Nandi ji.’

‘CM Delhi’ received Rs 1 crore by same ‘Jaiswal’ who had made payment of Rs 40.1 crore to ‘Modi ji’ and ‘CM Gujarat’ on 23 September 2013.

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On page 90 of the report, a list of similar payments are outlined, but here ‘Modi ji’ is stated as ‘CM Gujarat’ while the person, who made these payments remained ‘Jaiswal ji.’

On Page 91, other names include one ‘Shaina ji NC,’ who was paid through ‘Uday Ji.’ ‘Ms Shaina NC ji’ is stated to have been paid Rs 4 crore. According to the documents, ‘Shaina ji NC’ was paid Rs 4 crore in four installment between 28 August 2013 and 20 January 2014.

Page 92 has the list of several names, who are yet to be paid their promised amount. The sheet also has a line, which says, ‘Shania NC/Chief of BJP- ask her to help from A.(Advocate) General to withdrawal(close) Bombay case.’

Background

Sahara and Birla were raided in October 2013 and November 2014 respectively. The tax authorities were carrying out an investigation when, all of a sudden, the man at the helm of the probe, KB Chowdary, was made the head of the Chief Vigilance Commission. This, according to the Supreme Court lawyer Prashant Bhushan, was Narendra Modi government’s first attempt to scuttle the probe.

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As expected, Bhushan challenged his appointment.

Meanwhile, Sahara had already approached the Income Tax Settlement Commission.

But the question is; why did Sahara choose to approach the Settlement Commission as opposed to challenging the allegations against the company in the court of law.

Income tax experts feel that had Sahara opted for the legal route because the process of going through the tribunal and appeals in lower court to the Supreme Court would have lasted for years. This would have meant that income tax authorities needed to retain all the seized documents, which had incriminating evidence against the powerful leaders.

One senior IT officer told Janta Ka Reporter on the condition of anonymity, “This would have kept the noose hanging over those whose names appeared in the diary. It was in the interest of both Sahara and the leaders, mentioned in the diary, to have these documents destroyed.”

So, how do they destroy documents, already in IT department’s possession?

Income Tax Settlement Commission

Set up in 1976, Income Tax Settlement Commission allows a ‘one-time tax evader or an unintending defaulter to make clean breast of his affairs.’

This is what the Settlement Commission’s website states on its existing provision, “The settlement mechanism allows taxpayers to disclose additional Income before it over and above what has been already disclosed before the Income tax Department. The applicant has to pay full amount of tax and interest on the additional income disclosed before the Commission, before filing the application. The Commission then decides upon the admissibility of the application and in case of admitted applications, carries out the process of settlement in a time bound manner by giving opportunity to both parties.”

The commission has ‘wide power of granting immunity from Penalty and prosecution’ and ‘most crucially, the ‘orders passed by the Commission are final and conclusive.’

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In essence, its order can’t be challenged in the court of law.

The benefit of the settlement mechanism ‘can be availed by a taxpayer only once in life-time.’ With these benefits in mind, Sahara moved the Settlement Commission, which has reportedly concluded the final hearing and the verdict is imminent any time now.

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Should the Settlement Commission rule in Sahara’s favour, the company has the right to ask for the documents seized from its premises back. Experts say that that this will provide Sahara an opportunity to destroy the documents, leaving no trace for the future.

Demonetisation link

On 25 October this year, Bhushan wrote to all investigating agencies including the Chief Vigilance Commissioner and the two retired judges heading the Special Investigating Team on black money about bribery details stated in Sahara diaries.

Curiously, two days later, Jagran newspaper carried the central government’s plans to do away with Rs 500 and Rs 1,000 notes and introduce new Rs 2,000 note.

Jagran

According to sources, the CVC allegedly alerted Union Finance Minister, Arun Jaitley about the complaint filed by Bhushan. Jaitley, in turn, warned Modi about Sahara kickback details getting wide publicity.

Bhushan said, “Clearly, my complaint to CVC and SIT caused trepidation among the establishment. They were really worried not only about this information being in possession of others but also that complaints had now been filed to ensure no hush up was done in the probe as revelations were just too serious.”

Government insiders said that whilst the Modi government had planned to launch the demonetisation sometime early next year, his decision to announce the measure so soon left many senior leaders in the government surprised.

On 8 November, Bhushan wrote to the Settlement Commission reminding them about the seriousness of the revelation in the Sahara diaries. He requested the commission not to show any immunity in the matter.

The letter turned out to be the real ‘catalyst’ and reportedly spurred Modi to immediately do something ‘big’ to divert attention.

Bhushan said, “Since this government is very good at diverting attention, it took refuge in demonetisation on this occasion because it allowed Modi to take a moral high ground on the issue of black money. He felt that after his announcement on demonetisation, it will be difficult for people to question him on the Sahara allegations.”

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Modi allegedly decided to go ahead with the demonetisation plan the same day Bhushan wrote to the Settlement Commission even though banks had ‘extremely insufficient’ cash and there was no adequate plan to calibrate the ATMs across the country. Hence the continuing chaos at banks across India.

All ‘BJP friends’ were allegedly alerted in time to dispose off their old notes to avoid ‘substantial losses’ following Modi’s announcement on 8 November. This explains why BJP’s West Bengal unit was allegedly in a ‘hurry’ to deposit Rs 1 crore into its Central Avenue branch the same day before the announcement was publicly made.

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A BJP MLA from Rajasthan, Bhawani Singh has publicly admitted that ‘Adani and Ambani’ were informed in advance about the demonetisation plan.

There are also reports that one BJP MP, who also owns a company that manages cash movement for ATMs and banks, paid his employees six months advance salary hours before the announcement on demonetisation.

The central government has been condemned for its inability to deal with the fallout of the demonetisation announcement.

Within a span of one week, the Modi government has had to change its directives several times. They first capped the exchange limit for old notes to Rs 4,000 but was soon forced to increase it to Rs 4,500. However, just couple of days later, it reversed its own decision by reducing the limit from Rs 4,500 to Rs 2,000.

It was only after Modi had made the announcement that his government came up with the idea to apply indelible ink on those who had exchanged their old notes once.

It was also after 47 people had died that the government increased the weekly withdrawal limit to Rs 24,000 for everyone and Rs 25,000 for farmers.

The government finds itself in an utter mess largely due to no planning into a decision of such magnitude. Had they stuck to their original plan of launching the measure next year, most of the present mess may have been avoided. But, it seems, the government was indeed in a hurry to go ahead with this monumental move allegedly to divert people’s attention from incredibly serious charges of corruption.

32 COMMENTS

  1. Allegation Samrath should be knowing very well that the papers he is referring to are confidential. Many questions
    How could he have access to these papers?

    Has he shown the papers to any one or simply flashed a compilation?

    If correct, Is it only the imagination of the Income Tax Department or the information has been cross checked and opportunity given to the person from whom the so called diary was found?

    Lot of allegations were made against Shiela Dixit but no action taken. When people confronted him, he asked them to produce evidence.

    There is no credibility in his allegations.

    As a matter of fact, his own credibility is at stake. He owed over 7 lakhs to the government, which he paid after a long time, when he was contesting elections.

    Whatever he promised to Delhi people and what he has done are exactly opposite.

    He had verified the credentials of all who contested the elections. How are a number of them now charged with criminal cases?

    There are many more issues.

    • HERE IT IS BHAKTS REPLY :

      BHAKTS ARE NOT TRAITORS. IF THESE ALLEGATIONS ARE TRUE, WE WILL ALSO HATE HIM. NATION FIRST, PERSON NEXT. WHAT IS THE PROBLEM WITH THESE MUSLIMS…??? (I think you are a Muslim, bcoz they always reveal their name by “Initials” )… YOU KNOW, WE LOVE APJ ABDUL KALAM MORE THAN MODI…

  2. “is explains why BJP’s West Bengal unit was allegedly in a ‘hurry’ to deposit Rs 1 crore into its Central Avenue branch the same day before the announcement was publicly made.”

    You guys are just anarchist. If some branch of BJP deposited money b4 the public news even then the money is WHITE (ACCOUNTED) MONEY!
    How does that make it Black money??
    Govt wants ppl to deposit the money they are holding. You do it before the announcement or after it is equally legitimate!

    Do your editors work for Zoom TV?

    DisgustingReporting

    • well said.. i am reading through the article with a wonder on my face and hoping to identify the source of information in the article and finally found these biased nonsensical allegations.

      i can’t trust this article due to allegations without basis and not providing the source of information.

  3. Question is why modi will benifit Adani ,Ambani, Sahara etc. He wants to improve everything. May be Modi had taken money from them so what! Now he is clean he is doing his everything to win the elections and apply the things that can benefit the country. See now anything will have transaction more than some limit will be under vigilance, Dakaiti, chori, kidnapping sab thore kam ho jayenge. Log mar rahe hain ye problem ki baat hai. Desh is modi ji k faisle se achha ho jayega. Cash na chalne se chhote vyapariyon ko taklif hogi par kuch din mein digital duniyan aa jayegi. Mujhe to lagta h yeh ek krantikari faisla hai. Thank you modi ji

  4. Asalawalekum… Dukh kis baat hain tujhe pehle nahi bola aur adani ambani ko bataya… Jalta Reporter, jo hogaya usse jaane so… Ab jo hua hain usme saath do warnà aur 100-500 article likhde hope it gets you new curreñcy…

  5. Where was this ‘Janta Ka Reporter’s all these days? All of a sudden they have woken up from their dreams in their deep sleep and now have come up with their cookedup story. Paid reporter. If they are so sincere in finding the source of funding of one particular political party, I am sure they must be having the data of funding of AAP too. Can they reveal the same too, if they are sincere in their profession. Everybody on this earth knows who is funding Janta ka Reporter and whose mouth piece is it.

    • Jignesh this so called janta ka reporter is just a fake news agency which is run with the support of left if you see all the articles on this site is anti modi and anti India ..”though I’m not a modi fan ” I’m a responsible citizen of India and I’ll support whoever does good for nation ..and yes I support the demonetisation I don’t understand why will anyone will oppose this coz if you have all white money why to worry..
      Now come to this modi took bribe !! Really ? For whom he’ll take bribe ? Why such things directly after the demonetisation step.. it’s just fake thing why not just put fir and if he is guilty he’ll be punished.

  6. Dear Author, Why dont you file a case atleast now, as you have so much fabricated information. If you do it and br successful, your Company will flourish like anything….printing bullshit out of nothing….Enemies of nation.

  7. Jignesh this so called janta ka reporter is just a fake news agency which is run with the support of left if you see all the articles on this site is anti modi and anti India ..”though I’m not a modi fan ” I’m a responsible citizen of India and I’ll support whoever does good for nation ..and yes I support the demonetisation I don’t understand why will anyone will oppose this coz if you have all white money why to worry..
    Now come to this modi took bribe !! Really ? For whom he’ll take bribe ? Why such things directly after the demonetisation step.. it’s just fake thing why not just put fir and if he is guilty he’ll be punished.

  8. Evidence clearly nonsense..
    Is a mail have only sent date and subject field? no from and to?
    See the bank account details, same day both debit & credit happens.. if a person know it, who he again withdraw money.. If he need to withdraw in same day why he deposited in same day??

    When you cook-up some story, well prepare your fake evidence at least.. If these are true why Krezival just displaying these thing inside DL assembly to get protection on law.. Why he scared to speak outside on it ?? scaring of one more case of defamation as he apologized to Gadkari, FM ..

  9. Most of this story happens “allegedly”. Stop feeding these fairy tales to the general public. we are not to be fooled anymore when we have finally left those dark gloomy days and have seen the light for the very first time.

  10. Avi are you reading blind? Why are you such a blind supporter of Modi? He us trying to get money from the common people and give it to Adani and Ambani. Think rationally it’s our own hard earned money and these crooka would be enjoying. By the way only 10 laks were withdrawn and that too by check and that too to different accounts. So don’t be a bhakt and try to horse your brains.

  11. The Janta Ka Reporter fellows are so dumb that they themselves are saying BJP is honest. BJP WB unit deposited 1 cr into the banking system & thus is subject to IT scrutiny as per Indian law. If any money is accounted how come it is black. their great proclamation means BJP has no extra black money other than this 1 cr, else they wud have deposited that also since as per them Modi has leaked the info to party members.

  12. All nonsense whatever has happened is past, just think by demonetisation are we citizens getting benefitted or not ?
    Now regarding people who died, do you know the reason ? I seen one media showing a patient who has not able to get admitted to hospital b’caz, the hospital has denied to take old notes even after Govt clearly told old notes are allowed, why did this media not questioning the hospital for not doing their duty ??

  13. Depositing cash into bank one day (or even one month) before announcement does not make one immune to questions / prosecution. They will still have to account for the source of that money when they file tax returns.
    WB state government authorities can always question them on source of funds.
    Basically the any large cash depositor’s position is the same, whether they deposit before or after the announcement..

  14. Bhakton ki aastha pe ek gehri chot karta hai ye article to hum … ye nahi manege… Modi chahe kisi ka khoon kyun na kar de hamare saamne par hum Bhakt logon ki bhakti hamesha uske prti rahegi… samjhe Mr. Author.

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