MCX Scam – Guj $15T Conspiracy to Loot India, Farmers

 

 

Ravinder Singh

To Ajit Jhaamitabhth@yahoo.comAnand Ganesh and 366 More…

 

 

 Today at 4:33 PM

MCX Scam – Guj $15T Conspiracy to Loot India, Farmers
May08, 2014

Commodity exchanges were started by BJP government to help Gujarati
Traders Loot India, Farmers in particular. Turnover of MCX exceed
$15Trillion since 2003, far exceed $3Trillion annually. All Scams
Originate in Gujarat & Chowkidar fails to intercept.

INSTITUTIONAL SCAM – Directors and Advisors include SEBI former Chief
GN Bajpai who for three years (2002-2005) Oversaw Robbery of Public
Equity reduced to below 10% in listed companies that further reduced
to around 4% which is $1 Trillion Scam.
IT IS HORRIBLE TO NOTE PROMOTERS FT GROUP HELD 99.99% EQUITY IN
COMMODITY EXCHANGE.

GN Bajpai SEBI should be hanged for Corrupting Indian Stock &
Commodity Exchanges.

FTIL – EXECUTIVE  Jignesh Shah, Chairman and Managing Director
Dewang Neralla, Executive Director
NON EXECUTIVE  P. G. Kakodkar, Director, C. Subramaniam, Director
Ravi K. Sheth, Director, Ashish S. Dalal, Director
ADVISORY Board N. Vaghul (Chairman of ICICI Bank), Dr. S. Narayan
(Former Economic Advisor to PM), G. N. Bajpai (Former SEBI Chairman)
K. Karnik (Former President of NASSCOM)

http://www.ril.com/downloads/pdf/gn_bajpai.PDF
SEBI Chief’s Condolence Message to Ambanis – Polyester Price was out in 1999.
Hazaaron saal nargis apni benoori par rothi rahin
Badi muskhil se hota hain chaman mein didawar paida

BJP introduced Commodity Trading that led over $3.5 Trillion worth
Trading in commodities for 2011-12, for Eight months was around $2.4
Trillion, twice more than GDP of India.

I had reported how 10m Factory Workers in India earn just $20b in
2011-12. But in 2007-08 wages paid to Factory Workers was Rs.51,030
Crores.

It was Loot by Jignesh Shah & Company when CSX average daily Turnover
was over Rs.10,283 crores in 2008-08 thus five day trading volume was
more than wages to all workers.

http://www.ftindia.com/investors/pdf/FT_AR_200708.pdf
“The modern tech-centric financial markets are the new electronic
trade routes, similar to silk and spice routes centuries ago that are
democratizing global trade and economies.”

http://cercind.gov.in/September08/Signed-IA-22-2008-in-Pet-38-2007.pdf
Indian Energy Exchange started trading 31March 2008, six months ahead
of CERC order of 16-09-2008. IEX trades around 30 BU to 40 BU annually
worth about Rs.12,000 crore to Rs.16,000 crores at Rs.4 per unit but
traded volume was Rs. 23,10,988 crores up to 200 Times more.

BSES TATA NDPL and others didn’t follow Load Shedding Policy and
charge High Cost Traded Power to Short Term Peak Load consumers often
purchased electricity at over Rs.10 to Rs.19 per unit when generation
cost at pithead stations was Rs.1 per units.

BRPL purchased 12 BU good % at high cost and distributed 8 BU to
consumers – around 3 BU was sold at below price. Making money in both
ways.
$3 Trillion CSX Volume

http://www.prsindia.org/uploads/media/Forward%20contract/SC%20report%20on%20Forward%20Contract%20Regn.pdf
1.4 The current size of the Commodity Futures Market has crossed
Rs.100 lakh crore, registering a rapid Compound Annual Growth Rate
(CAGR growth of 40%. The Commodity group-wise value of trade from
2003-04 to 2010-11 is given in the table below: Figures in Rs. crores.
Year    Bullion    Metals    Energy    Agri    Others    Total
2003-04    3315    2134    -    123914    -    1,29,363
2004-05    179053    618    1900    390188    -    5,71,759
2005-06    760675    18723    181883    1192227    1614    21,55,122
2006-07    1723348    405637    230712    1317125    104    36,76,926
2007-08    1725952    897714    500942    941283    98    40,65,989
2008-09    2973675    618776    1026442    627303    2760    52,48,956
2009-10    3164152    1801636    1577882    1217949    3135    77,64,754
2010-11    5493892    2687673    2310988    1456389    -    119.48,942
2011-12*    6423687    1545332    1584446    1083495    1    106,36,961
*Up to 31.10.11

Gujarat MODEL of Farmers Loot.

Traditional Trading at Mandi Level was spread all over the country but
Rs.14,56,389 crores worth of MCX Trading –

- Actually MEANS few BIG Traders Like Reliance Adani are to Own &
Stock and Retail Agriculture & Food Crops also.

http://gulail.com/raids-begin-in-the-nsel-scam-case/?print=pdf
[The EOW had filed a preliminary enquiry case against NSEL, Shah and
others in connection with the scam, which has now been converted into
a FIR that names all the directors of NSEL, including Shah and Massey.
The FIR also includes the names of the 24 members who owe money to
about 13,000 NSEL investors. All the accused will reportedly be
charged under the Prevention of Money Laundering Act (PMLA) by the
Enforcement Directorate (ED). The PMLA allows ED to seize properties
involved in money laundering.]

Ravinder Singh, National General Secretary.
Sabka Bharat Mission 2019
Y-77, Hauz Khas, New Delhi -110016
Ph: 9650421857, 9718280435
Sabkabharatmission2019@gmail.com