A load of crap from an idle brain

The final was well worth staying awake upto 2:30 in the morning.  Not to mention the hilarious tweets.  What a time for Dhoni to play the innings of his lifetime.  The stabilising innings from Gambhir & Virat meant that India didn’t feel the repercussions of losing Tendulkar & Sehwag cheaply.

The only silverware missing from Sachin’s trophy cabinet has been won.  6 attempts and what a way to sign off with a victory.  An end to another magnificent career of Murali.  Too much was made of the controversy at the toss.  Our conspiracy theorist media lapped it up.

It would not have been a well deserved win if India had won the cup the easy way.  To beat Australia, Pakistan and finally Sri Lanka en route to win the cup is probably the best written script.

Also that should settle the claim around Dhoni that he is plain lucky.  Luck only takes you so far.  Like it or not, he is a masterclass captain.  A T20 world cup win and now the 50 over World Cup and not to mention the numerous series wins both at home and abroad, Dhoni has proved to be the best ever player to have captained India.

The biggest party in the world is happening out there.  Enjoy it while it lasts.  For the next 4 years, We Are The Champions.

Above pictures courtesy: Cricinfo

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Good to see a thumping victory of the JD-BJP combine in Bihar.  After keeping Bihar in the dark ages, Lalu Prasad believed that the people of Bihar wouldnt want to see the development anymore.

A win for Congress-RJD would have been a trip back to the stone age for Bihar. Nitish Kumar has got an overwhelming mandate from the public.  No matter how much the Congress tries to portray that the win for Nitish was nothing but a rejection of Lalu’s politics, they cant deny the fact that people have virtually rejected them too.  For the party ruling at the center to win /lead in less than 10 seats in a 243 member assembly is a new low.

People are increasingly voting for roti-kapada-makaan and other necessities in life.  No one bothers about reservations, mandir-masjid, communal and other caste politics anymore.  There is a whole new generation of kids who have been born post the 1991 liberalisation.

The new India demands development.  Hope the Thuggerays in Bombay realise that probably they need to stop beating up the migrants from Bihar.  Sooner or later no one would want to end up in the corrupt and crumbling Slumbay Bombay anymore.  Hope the corrupt Congress in Maharashtra gets the message too.   Not to mention the constant feuding AP Congress.

3 Cheers again to Nitish Kumar for his developmental politics. May his tribe increase.

PS: Guess what is the other heartening news?  The complete rout of the commies

Above picture courtesy: IBNLive

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The Bhopal gas tragedy, the 1984 Sikh riots, the Bombay riots, the Gujarat riots, various corporate and stock market scandals (Harshad Mehta, Ketan Parekh) are just a few examples where the Indian judicial system as well as successive governments have failed miserably.

Today’s news reports that 5 people involved in the Satyam scam have been given bail. Dont be surprised when Ramalinga Raju who is living like a king in the NIMS hospital but refuses to appear in courts or even take part in a televideo trial will soon be released on bail too.

Every Tom, Dick and Harry can make out that the various excuses given by criminals and undertrials are fake and yet our courts accept those excuses and keep pushing the dates of the cases.  A friend of mine who was working under a famous lawyer in Hyderabad used to tell numerous stories of how his boss used to hoodwink the courts with fake medical leaves, out of station kinda excuses to not attend the court.  Heck, the lawyer even used to give excuses like his car’s tyre got punctured and excused himself from attending court.  I wonder if the judge didnt remind the lawyer that there is something called autos, taxis or other public transport that he could have taken to attend court.

Till the government amends the laws to ensure that every case needs to be wrapped up in a certain amount of time no matter what the excuse, this charade will keep going on.   It took 26 years for the courts to find the guilty in the Bhopal gas carnage.  People are still suffering the after effects.  The wounds of the survivors of the Sikh riots led by the Congress ministers, the muslims killed in Gujarat with the active participation of the ruling BJP and the current CM Narendra Modi, the riots of Bombay perpetrated by the Thuggerays….the list goes on.

Till the feet of our leaders are held to the fire and action demanded from them, i dont see any closure for the millions of people on whom the actual crime is not the injustice, but the judicial system and the government that was elected to keep them safe from harm insults them repeatedly by denying them justice.

Fraudulent sales, inflated invoices, accrued interest and understated liabilities were some of the major methods that Ramalinga Raju and his henchmen used in order to make Satyam Computers Services Ltd appear highly profitable and keep the share price high, so that he could take away a whopping Rs2,743 crore out of the company. The Central Bureau of Investigation (CBI) explained this and other intricacies of its investigation into Satyam at a media workshop in Mumbai.

JL Negi, general manager, Reserve Bank of India (RBI), on deputation to the CBI explained how Ramalinga Raju falsified facts and puffed up results. He said, the company benchmarked its performance to that of Infosys. The financial numbers were massaged through fraudulent sales- invoices generated through “Excel porting”, which allowed the founder of Satyam and his co-conspirators to raise invoices bypassing the regular system and obfuscating an audit trail. In the period from April 2003 to December 2008, 7,561 fake invoices were created by a set of people close to Raju, who had access to the system. The fake invoices generated without purchase orders were shown as “hidden” and could only be accessed by a chosen core group. The CBI alleges that Mr Raju even asked his software team to develop certain products for seven non-existent customers.

These were Mobitel, Cellnet, E-care, Synony, Northsea, Autotech and Hargreaves. Fake revenue was recognized for these products by generating fictitious email as if they originated from these customers.  A domain was created in rediffmail to send these emails and 63 invoices were generated to raise Rs430.66 crore. The company even booked Rs31.18 crore as forex profit on account of fictitious sales.

Read this full article in livemint on how Ramanlinga Raju used his position in Satyam to perpetrate the scam.  You have to simply say hats off for the way he manipulated the scam.

Not to mention a big kick on the backside of the regulators, law enforcement agencies who let the scam happen for years and kept their eyes shut.

Past articles on the Satyam scam

The Satyam shocker continues…
Ramalinga Raju – The fraud King
Satyam’s pack of lies crumble
The Satyam – Maytas flip flop

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What a recovery it has been for the markets.  Just a year ago, the Sensex crashed to 8160 points.  Now its trading above 17000 points.  More than 100% growth in just a year.  No other sector (gold, PPF, debt, realty) would give you that kind of growth.  When the markets were down last year and i was talking about the opportunity to buy into some good companies, many of my friends dissuaded me from doing that.

“Buy when everyone sells and sell when everyone buys” is probably the only way to make money in the market.  Following the heard mentality is sure to give a lot of heart pain in the long run.

The exhilarating bounce from the lows that the Indian equity market touched on 9 March 2009 is now a year old—and what a year it has been. These 12 months have been a wildly profitable time for those brave souls who held their nerve and bought stocks, while it has been a missed opportunity for those who thought it was a short-lived bear market rally and thus preferred to sit on cash.

The benchmark Bombay Stock Exchange Sensitive Index, or Sensex, closed on Tuesday at 17,052.54, up 109% over a year ago, though just about nobody believes the next 12 months will be as good.

Read the full article here

Above picture courtesy: Livemint

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When Raj Thuggeray’s Thackeray’s security was scaled down, he cried mummy and hid inside his home.  Now, after waving black flags at Rahul Gandhi’s trip to Mumbai, some of the Shiv Sena’s leaders’ police protection has been withdrawn leading to cries of mummy again. Hahahaha…. i love the scums of Shiv Sena, their paper tiger’s empty threats and their panic the moment their security cover is withdrawn.

Three Shiv Sena legislators complained Monday that their police security cover had been withdrawn, and accused the Congress-NCP of getting back at them for their recent opposition to the government.

Two of the three lawmakers, Jogeshwari MLA Ravindra Waikar and Andheri MLC Anil Parab, were among the 342 Shiv Sena activists who were detained last week for waving black flags at Rahul Gandhi during his visit to Mumbai. Before that, Parab had led a march to Shah Rukh Khan’s home to protest the star’s statement that Pakistani players should have been part of the IPL.

The third lawmaker, Bandra MLA Prakash (Bala) Sawant, said he had not taken part in any protests but had visited police stations to talk to Sainiks who had been detained.

MLAs and MLCs in Maharashtra are provided security by the Protection and Security Department of the Mumbai Police, and are assigned policemen not above the rank of constable who carry a small weapon and work in 12-hour shifts.

Sawant complained he had been targeted despite his not having taken part in the protests. “I had only gone to meet activists detained at various police stations,” Sawant said. He added he would write to the police to ask them to restore his security. “My constituency is very sensitive and if anything happens to me the state government will be responsible.”

Read the full news here

I have always believed that all these morons dont deserve even a single police constable’s protection around them.  Since they have no qualms whipping up communal and regional feelings and exhorting their supporters to beat up innocent people, the police should also let them be at the mercy of people who want to take revenge from them.

Let them also be beaten into pulp while the rest of the world watches the fun.

Picture source: Moneytrader

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