• Associate Sponsor

Nilekani squandered national resources to US firm: Swamy

Swamy also attacked his bête noire finance minister P Chidambaram saying the Congress minister had left the country’s economy in a mess.

Bangalore | Published: March 31, 2014 6:05 am

Recent entrant to BJP and economist Subramanian Swamy on Sunday accused Bangalore South Congress candidate Nandan Nilekani of making the Aadhaar card a poll issue and then objecting to questions raised on it by rival parties.

Nilekani “should not have campaigned on UIDAI in this election and having done so he must be ready to face the attacks,’’ said Swamy. He called for a commission of inquiry at a later date to go into the entire Aadhaar card project to find out if it had been mis-utilised.

Swamy called the UIDAI “the most useless scheme as judged by a study done by the IIM-Ahmedabad and a Standing Committee of Parliament on finance.”

“In my opinion Nilekani should be prosecuted under Section 13 (1) (d) part 3 of the Prevention of Corruption Act for squandering national resources to US-based companies involved,” he said. “Some Rs 3,000 crore has been spent but so far there has been no accounting, commission of inquiry at a later date be able to find out about the funds,’’ he said.

The BJP leader also attacked his bête noire finance minister P Chidambaram saying the Congress minister had left the country’s economy in a mess.

“We are in a very, very delicate situation and the new government will have to undertake major economic reforms to rectify what damage the UPA has done to Indian economy,” Swamy said.

“We are in a complete mess and the most alarming part of today’s situation is that the budget has been put in such a difficult and bad state by Chidambaram,’’ he said. “A situation of bankruptcy has descended on the Indian economy and things will have to be rectified in six months,” he said.

“We were affected by the instrument created by Chidambaram that was called participatory note. Participatory note is a method of laundering money that goes out of India to bring it back and invest it in our stock market,” Swamy said.

“The crisis was entirely due to the UPA in creating an instrument, a derivative called participatory note. It is the most dangerous money laundering weapon created in any country. Tomorrow we abolish participatory notes and this crisis will disappear,’’ he said.

For all the latest Bangalore News, download Indian Express App

  1. I
    Apr 1, 2014 at 5:57 am
    Aadhar is an ill conceived programme benefited to only Chidambaram and Nilekani.
    1. Bijaya Adhikari
      Mar 31, 2014 at 6:55 am
      this is how Chidambaram has now enough business to handle and needs no party post.
      1. M
        Apr 2, 2014 at 10:20 am
        Mr. Subramaniyam is totally a mentally corrupted maniac who sees only nagative aspects in every issue. He has only one common issue always "Enquiry into anything and everthing". Always a ed approach into every issue-a perpetual looser who has nothing to do.
        1. R
          Apr 1, 2014 at 5:14 pm
          This UPA regime has put the country on the brink of disaster by compromising with our security.
          1. J
            jugal kishore
            Apr 2, 2014 at 2:20 am
            where is aahar card and his circulation has made out in compulsory form. How much paid up to from this schemes billions of dollars but millions of fraud in it, illegal and unauthorized benefactresses hold these card but real man underwent to getting, these discussion point. Complete fruad and in incomplete shceme
            1. Load More Comments