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Trial court order - clean chit or a long rope?

The US Department of Justise defines white collar crimes as economic offenses that constitute those classes of non-violent but illegal activities which principally involve traditional notions of deceit, deception, concealment, manipulation, breach of trust, subterfuge or illegal circumvention.

"A murder may be committed in the heat of moment upon passions being aroused. An economic offence is committed with cool calculation and deliberate design with an eye on personal profit regardless of the consequence to the Community."

This was the profound observation of the Hon'ble Supreme court in the securities scam case - popularly called as Harshad Mehta case.

Obviously, when an economic crime is carried out in a calm and collected manner, it becomes extremely difficult even for best of investigating agencies to figure out the role played by various parties.

Some may have actively connived; some passively. And that is the crux of the issue - whether the former finance minister "passively connived" with the other accused in the 2G scam.

Is PC a victim or a villain?

Murder may be committed in the heat of moment upon passions being aroused. An economic offence is committed with cool calculation and deliberate design with an eye on personal profit regardless of the consequence to the community." This was the observation of the Hon'ble Supreme Court in the securities scam case, popularly known as the Harshad Mehta case.

When an economic crime is carried out in a calm and collected manner, it becomes extremely difficult even for the best of investigating agencies to figure out the role played by the parties to the loot. Some may have actively connived; some passively. And that is the crux of the issue: whether P. Chidambaram, the former Finance Minister, "connived" with the other accused in the 2G scam.

It is in this context that we have to look into the petition of Subramanian Swamy to the trial court seeking to include Chidambaram as an accused in the 2G scam.

'Azadi' to 'Vodafone'? Need for review

To avoid taxes, assessee resorted to complex structuring - especially from and through tax havens. In the process the thin line between evasion and avoidance became blurred like never before.

The implications of the Supreme Court judgment on the Vodafone case are disturbing if not frightening.

It has the calculated effect of legitimizing tax havens, sanctioning corporate structures that use tax havens to evade taxes and indirectly encourages money laundering and round tripping.

To amplify what is stated above, let me at the outset state the facts of this case in brief.

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