On 26 November 2011 14:09, Shamit Verma subs.linux.mum@vshamit.com wrote:
If registration+financial transactions are linked to national ID, it would be more difficult to hide such activities.
It would not prevent such activities, but would be one of the tools that can be used to curb.
Please. As JTD said, do some basic research. The way benami is conducted (highly simplified) is this:
- A is a cabinet minister who has made several thousand crores illegally by selling 7G spectrum. - B is a distant relative of the driver of A, who lives in some remote area of India. - B is given a sackful of money by A, to buy a large tract of land near the proposed Dhule International Airport. Obviously B is under the surveillance of A's goons, so he wouldn't dare to skip out. - B buys the land from the seller. They go to the sub registrar office. B proves his ID (say, his Aadhar). B is a legitimate buyer of land. Obviously the land will be valued much lower than the prevalent rates, but that is incidental. - B, while at the sub registrar office, also registers a GPoA in A's name. - Now, A will operate the land without owning it. He can sell it, lease it, construct on it etc.
Please explain how Aadhar will stop this.
Binand