Are you refering to Dabur? Yes,its share fell down 8% yesterday ,and its yet to be found if he's guilty or not. Though i some heavy weight mining compines names pops up into that list,wonder how bjp would react cos vedanta group is close to bjp,not to forget the election money they provide to cong & bjp aswell.
I guess so, remember something about 8 to 9% down and that only caused by the hype. This is a political battle in general and the result is pretty much the same either. Ahead of the elections I asked out of interest, if it wouldn't be the best for India to elect the AAP, if the nation actually wants "change", especially wrt corruption scams, since the 2 big parties / coalitions have a history with corruption cases and not actually working against it. Today I saw a debate in the TV about black money, where a member stated that UPA and NDA are basically the 2 different sides of the same coin, which is why the results and policies are often the same and that reminded me on my question back then.
If not even the overwhelming support of the Indian public in the elections, made NDA to show real changes (in this field) to what the UPA has done earlier, then the hope of change in India is pretty low isn't it?
More than high profile names and all these political blame games (as if we don't know that politicians on all sides have black money somewhere), is change in restricting black money to increase and how to actually get it back, even if it's in India itself only.
Here in Germany the government for example took an alternative route, which might work in India too. They investigated and gathered infos on possible black money account holders, but in some cases the investigations have just started, proves are not fully clear and going to court and get a decision takes time too. So they informed the people which are under investigations, that they have gathered infos about them and that they will push a hard investigation into the court, UNLESS...they decide to work with the authorities and admitting about these accounts and provide all necessary data on their own. The government in return, will investigate the issue quietly then, would not send these tax frauds to jail and they only have to pay the money back from a certain period of time that will be investigated.
The result of this 2nd option, instead of a public case and the possibility to go to jail was, that many people reported themselfs at the authorities, provided the necessary documents and accounts and the whole process of "getting the money back" was dramatically faster. The people simply feared a rigorous investigation and hard punishment and took the easier way out. The government was able to get large ammounts of money back, in far less time, even though the public might not know exactly which big fish had how much money in such accounts at the end.
