Hi folks,

 It s quite a long time, I wrote my own thoughts. I d jus like to share some info abt Black Economy.

 U need not worry that this is Sivaji -Part II, yet it explores some of scandals of industrialists

Event 1:

Cast: Common Black Industrialist, Invrntory Suppliers, Bankers.

One liner: Its about a daily happening in India. May be u could have heard of this stuff.

Reality:

We jus hear people getting loans every day and changing interest rates. Namma kadhai la varra Thozhiladibar enna panrar nu paapom.

First, let him be L ( why always take Mr.X). Mr.L plans(!@^#&) to start a new industry and approaches the bank for a loan of say 500 crores. He s a big shot and has a good deal with the inventory supplier to produce bill for the 500C (may be 1% for inventory supplier). After preparing the final amount, he produces the docs to Bank with help of an auditor(0.5 % for him) and applies for the loan.

Ofcourse the bank doesn’t give the amt at a stretch yet in installments. Let it be 200C, now namma thozhilathibar Mr.L gets in hand with an old inventory merchant  and gets old machines. He repairs it, paint it as a ‘New Machine’, and the cost for this is say 5C.

He starts the industry in Grandiose manner, enabling the bank to give the rest of the loan, thats 300C. The bank officials visit the industry to see the proceedings, see the industry flourishing and give the loan completely.

Mr.L appoints some fella to run the industry for 1 to 1.5 years. Ipo ennahudu, he shows loss in business and closes the business. Bank officials have no other go but seize the industry, and to max the ‘White Money’ of Mr.L. But namma thozhilathibar has made the money transfered to Swiss account in Pinami name.

 Now, the case carries to next state.

Sari, ipo this is not the story of next Shankar film, this is happening now at this moment.

 I heard this from my friend Bala s dad. He s in Corporation Bank in vellore. This happended in his friend s bank somewhere in TN.

It happens lot in tiruppur. And I am bit pityin to say that the first lesson taught to my friend when he entered business was, ‘If u don cheat, Others will cheat and bury u and play on ur Graveyard’.

Black economy will continue in next post too.. In a different angle.

‘With Great Power Comes gr8 Responsibility’, might be only suitable for Spiderman-II, not TN politicians.

Love,

CK.