Nira Radia Wire Tap Reveals Big Business Takeover of the Indian Government

Nira Radia one of the top lobbyists in India has been exposed through wire taps done by Indian investigative agencies which has been leaked to the media.The conversations in the tape have revealed how this lobbyist has India’s top politicians,bureaucrats,journalists at her beck and call.While it is widely known that corporate interests wield huge influence amongst Indian administrators,the tapes reveal that Big Business has the government almost completely in its pocket.The 2G Telecom Scam had earlier shown that how top ministers had connived with business houses  in swindling the Indian taxpayers of  billions of dollars.LIC Housing Finance Scam which has been recently exposed has led to top government company officials being arrested for taking bribes in sanctioning loans to top realty and infrastructure companies.This had been done by a financial intermediary listed on the stock exchange and which had top investors like Goldman,GMO,Fidelity and Morgan Stanley.With the scam exposed these top investment banks have lost their shirt in this investment.

Tata slams phone tapping, may move SC against Radia tapes – HT

Critical of the “unauthorised” release of tapes of his conversation with PR consultant Niira Radia, the USD 73 billion Tata group chief Ratan Tata may move the Supreme Court tomorrow to seek action against those behind the leakage. Tata may invoke Article 32 of the Constitution, claiming that his Right to Life, which includes right to privacy, has been breached by the leakage of these tapes.In the wake of 2G spectrum allocation scam allegedly involving Rs 1.76 lakh crore, some magazines published taped conversations Niira had with politicians, journalists and industrialists. Some of these tapes have also come up on various websites, stirring a major controversy over the alleged nexus between the lobbyists and journalists.

Nira Radia tapes has the potential to change the shape of India’s destiny like the Bofors Scam in the 1980s.India’s Tata Group Chairman Ratan Tata has asked the government to completely investigate the scam as it finds it name implicated in the Scandal.Top media persons have seen hate groups being formed on Facebook as they have been found to act as power brokers in shady dealings.The Nira Radia Tapes are getting more and more murkier with the day with India’s former telecom minister accepting that he also believed in the tapes implicated in the Chief Opposition Party in the Scam as well.

Nira Radia tapes: Naidu denies Shourie’s claims – IBN

Bharatiya Janata Party (BJP) leader and former Telecom Minister Arun Shourie claimed that senior party leader Venkaiah Naidu was lobbied, to ensure the BJP wouldn’t oppose 2009 Budget proposals that allegedly favoured billionaire businessman and Reliance Industries Chairman Mukesh Ambani.

Arun Shourie: Yes, there is no doubt in that. I was asked to open the debate on the budget, I worked for one week to speak of the matter and at the last minute after I reached the house I was told that the previous night Mr Venkaiah Naidu had decided to speak suddenly. Therefore as he had been party president he will speak first. My turn would come after all the 13-14 speakers have spoken and then I would be the second speaker for the party.