Tuesday, September 19, 2017

Rahul Gandhi in USA

According to reports appearing in newspapers like The Hindu and The Hindustan Times, Rahul Gandhi is making a favourable impression on his audience in USA. There are atleast three reasons for this lucky break for Rahul Gandhi.

He is intensely tutored by Milind Deora and Shashi Tharoor from minute to minute. Rahul Gandhi is repeating what Americans want to hear about India. "India is intolerant." And third, expectations from Rahul Gandhi were pretty low. Compared to expectations, the performance has been better so far.

Is Rahul Gandhi turning over a new leaf?

Wednesday, September 13, 2017

Rahul Gandhi on dynasty

Rahul Gandhi was addressing students of the University of California - Berkeley. Times of India reported as under:

"Responding to a question from students, Gandhi said that he was “absolutely ready“ to take up an executive responsibility if the party asked him to do so. Responding to another question whether the Congress party was more associated with dynastic politics, Gandhi argued that India is being run by dynasties.

“Most parties in India have that problem So...Mr Akhilesh Yadav is a dynast. Mr Stalin (son of M Karunanidhi in DMK) is a dynast...Even Abhishek Bachchan is a dynast.So that's how India runs. So don't get after me because that's how they India is run. By the way , last, I recall, Mr Ambanis are running the business.That's also going on in Infosys. So that's what happens in India.“ "

Infosys is run by dynasts? Narayana Murthy and other founders of Infosys must be dumbfounded by this remark of Rahul Gandhi. A dynast gets hereditary powers. Assuming that Infosys is run by its founders (which is contested by the founders), how can Rahul Gandhi refer to them as dynasts? Is he clairvoyant enough to predict that children of Murthy and others will manage the company? Even otherwise, there is a difference between business dynasty and political dynasty. Business dynasts are owners of the business. Is Rahul Gandhi owning the Congress party?

Friday, September 01, 2017

Murthy's relative in Infosys' Board

Seshasayee has now responded to Murthy's uncomplementary reference to him. Murthy will react to this. The war of words will continue.

In October, 2016 D.N.Prahlad was nominated to the Board of Infosys. He had earlier resigned as an employee of Infosys. He is a relative of Narayana Murthy. There is nothing wrong in this arrangement. When questioned on this, Murthy refused to answer. The 'Father of Corporate Governance in India' could have been transparent about the purpose of nominating a relative as a director.

At that time, there were apprehensions about the role of Prahlad. As the Mint reported,

“The worrying thing of this appointment of an executive perceived to be close to the founder is what message it sends to the senior leaders at the company,” said the Infosys executive. “If the board agrees to have a representative of the founder, then leaders clearly are told who is more important. So, can the CEO really have his team rally around him?”
Surprisingly, Seshasayee went out of the way to defend Murthy:
"To be sure, Infosys has categorically denied the existence of twin power centres at the company. “First, there is no such twin power centres. That is completely wrong, and that will be very unfair to the promoters,” R. Seshasayee, non-executive chairman of Infosys, said in an interview last month. “Because, like I mentioned, Murthy has been an exceptional leader who has chosen to stay away and only give advice when sought from. So it will be utterly wrong (to claim otherwise).” The newspaper added, "Murthy did not respond to queries on the appointment."
Seshasayee must now be ruing why he showered an unmerited compliment on Murthy.
It is interesting to note that Nandan Nilekani was all praise for Prahlad in his first press conference on becoming chairman of the company. He knows how to keep Murthy in good humour.

Tuesday, August 29, 2017

The Economist on Murthy

The Economist compares Murthy and Bill Gates and exclaims:

"THE chairman of Microsoft, John Thompson, occasionally reminds one of its directors, a fellow by the name of Bill Gates, that his vote in board meetings is no more or less important than that of other members. Contrast that with Infosys, an Indian technology firm, whose own retired founder succeeded in getting its boss to quit on August 18th, after a months-long whispering campaign .The board was dismayed, but the outcome was all too predictable, given India’s penchant for treating corporate founders as latter-day maharajahs."

The magazine wisely adds, "Founding shareholders can be a resource for a company, but only if they know their place—in the boardroom, perhaps, but not on a pedestal."

The Economist also points out, "Mr Murthy has not received much in the way of gratitude for driving out Mr Sikka. Corporate-governance experts decried his method—notably a whispering campaign that suggested, but fell well short of proving, that Mr Sikka had profited from an acquisition Infosys made under his watch. Mr Murthy’s right to complain is also shaky. Though he is admired as a godfather of the tech scene, having pioneered the outsourcing model that has since become a major industry in India, he is a tiny shareholder in Infosys, owning just 0.38% of the company (his relatives own another 3% or so)."

Saturday, August 26, 2017

Nandan Nilekani's second innings

It is not politically correct to question the wisdom of Nandan Nilekani re-visiting Infosys. But one is taken aback by his hubristic remark that "there is nobody else. So, I had to come in. " Considering oneself as indispensable does not speak well of a leader. "I have a record of doing things successfully" is another boast (though this may not be far from truth)  he could have done without. Sometimes it is worth remembering that if one has not had failures, it means one has not tried enough things.

All this is not to belittle Nilekani's achievements. When deeds speak for themselves why should one belittle oneself through vainglorious utterances? Roll-out of Aadhaar is certainly a feather in his cap. Whether a sound move or not, Nilekani deserves appreciation for accepting the gauntlet with the hope of 'reviving' the governance culture of Infosys.

Having re-entered Infosys, Nilekani faulted in addressing the media without readiness to share relevant information. When asked if he would place in the public domain the investigation report on Panaya deal, he fidgeted saying that he would get briefed, study the reports with a calm mind and then decide whether or not to release the report. Release of this report was one of the major demands of Murthy. Has Nilekani spoken to Murthy on this?

Nilekani repeatedly asserted that he is the chairman of the company and therefore entitled to take appropriate decisions. Was it fair to deny the same privilege to Seshasayee? He told the media, "Give me the freedom to run the company and get it back to the path of progress." Is Murthy listening? Perhaps Murthy may not be so offensive to a fellow-promoter.

Nilekani seems to have understood the real problem facing Infosys. He kept saying how much he respects Murthy who gave him his first job at Patni's in Pune and who is "the father of corporate governance in India". Infosys' chairman needs to keep massaging Murthy's ego if he has to survive. But Nilekani has to decide: Who is more important, Infosys or Murthy?

Nilekani has clarified he would remain in Infosys till stability is established. In these VUCA days, stability is unknown. Nilekani may have to remain in the company for ever!

Friday, August 25, 2017

Corporate misgovernance

A new type of risk has been identified. It is called 'Murthy Risk'. It refers to the danger of a creator becoming the destroyer of what was created by oneself. This risk arises from the creator's possessiveness and gets aggravated by a 'holier than thou' attitude.

The recent contretemps at Infosys has been pragmatically solved by Nandan Nilekani's re-entry into the company. The chairman, R.Seshasayee has been shown the door though he has politely welcomed the development himself. He has exhibited his grace which is in marked contrast to Murthy's grouchiness.

Why did Murthy behave the way he did towards Seshasayee? Before hazarding my unfounded and probably prejudiced guess, let a few things be said about Seshasayee. The Hindu once reported,

"His (Seshasayee's) reaction to his upcoming move at Leyland from managing director to executive vice-chairman (from April) is similarly clear-headed. “It's necessary for the sake of the organisation to have a succession,” he says. “The next generation is coming up and we must make space for them.”It's all part of the larger evolution of his life, as he puts it: “You have to constantly ask yourself — where do I find joy next?”"

Seshasayee has a mature relationship with any position he occupies. While doing justice to the job on hand, he does not expect the relationship to last long. It is reported that when promoters opposed some moves made by Infosys while he was the Chairman, he offered to resign, but the Board asked him to continue. The promoters (mainly Murthy) have taken a different position from the Board now and made him exit.

There is an old news-report which says,"At the Infosys conference this Monday , board chairman R Seshasayee praised Punita, saying a woman should not be judged by the profession of her husband." 

Punita Sinha is a Wharton-educated distinguished professional who happens to be the spouse of Jayant Sinha, a minister in Modi's cabinet. Murthy criticised the appointment of Punita Sinha as a director in Infosys Board on the ground that it was political. Murthy's contention was misogynistic and smacked of opportunism to place Seshasayee on the mat. When Murthy was the chairman, Larry Pressler was a director on the Board. (Pressler is an American politician.) Was that okay?

Nilekani has said, "This company will be a Board-managed company." He could have added, "This Board will be a promoters-managed or more precisely Murthy-managed Board."

Seshasayee is a family-friend of Venu Srinivasan and Mallika Srinivasan. Murthy's son was earlier married to Srinivasans' daughter. Sometimes family happenings blinker one's professional vision.

Directors are elected by shareholders who alone have the right to sack them. Subjecting the directors' tenure to the whims and fancies of the promoter-clique operating from outside the Board is patently corporate misgovernance. He who 'walked away voluntarily' is not supposed to evict a Board-supported chairman and the directors who do not toe his line. Corporate democracy requires freedom from promoters' dictatorship.

A transient problem in a company has been resolved. But in the process, a timeless precedent of corporate misgovernance has been set.

Wednesday, August 23, 2017

System follows people

If people can misbehave, so can the system. The ugly confrontation between Murthy and the Infosys Board is closely followed by new bugs in the Finacle core banking solution. Finacle is a product of Infosys.

Bank of Baroda has notified its customers that it is migrating to an improved version of Finacle. Consequently, many deposit accounts have been unauthorisedly debited with various amounts. According to the bank's MD and CEO, the debits are being reversed on a war-footing.

It is a strange coincidence that Ravi Venkatesan, the co-chairman of Infosys is also the chairman of Bank of Baroda.

Tuesday, August 22, 2017

Narayana Murthy fails the 'FAT' test

Narayana Murthy, the anguished co-founder of Infosys, was never tired of saying that Fairness, Accountability and Transparency were foundations of corporate governance. Nobody can take exception to this motherhood statement. It is only fair that Murthy also is tested on this.

These three qualities are required not only of the company and its management, but also of its founders. Murthy has been less than fair in constantly sniping at the Board of Directors. He rightly expressed his concern over excessively liberal payments made or sought to be made to an ex-CFO and an ex-legal counsel. He went overboard in making this the litmus test of corporate governance. The Board and the Chairman were certainly on a weak wicket on this issue. Murthy exhibited his petulance by throwing a public tantrum over this. His call to the Chairman was : "Admit your guilt and quit." He prejudged the issue, converted a possible mistake into guilt, pronounced judgement and wanted his pound of flesh. He was atrociously belligerent.

Murthy was always diffident about inorganic growth. It is therefore not surprising that he cried wolf when Panaya was acquired. $200 Million may be small change for Infosys and Sikka, but it was a princely sum for frugal Murthy. Murthy started casting aspersions on Sikka by referring to association of a SAP executive with Panaya. The acquisition value was decided on the basis of due diligence by respected agencies. When Murthy cried foul, the Board appointed external investigators who found nothing amiss in the Panaya deal. Murthy was not convinced. He did not mind becoming a rebel without a cause.

As a co-founder of the company, Murthy is accountable to fellow-shareholders. Non-stop washing in public of dirty and not-so-dirty linen amounts to abdication of his responsibility towards other stakeholders in the company.

His transparency has been questioned by the Board which in a damning statement has claimed that Murthy desired his demands on appointment of directors be met without attributing the changes to him. This is stealthy secrecy and not trust-worthy transparency.

Murthy is reducing himself to a sanctimonious humbug. No wonder Omkar Goswami felt it necessary to address an open letter to him:


Saturday, August 19, 2017

Narayana Murthy's allegations

There is no doubt that Mr.Narayana Murthy has made serious allegations against the Board of Infosys. He has alleged that the company's governance standards have plummeted since he, his co-founders and early adopters like Mohandas Pai and Balakrishnan left the company voluntarily in 2014.

Murthy has demanded quite a few responses from the Board. Some interesting aspects are covered here. While reading these demands, doubts may arise in our minds. These are also pointed out.

"The most worrisome aspect of the whistle-blower accusation is his or her claim that there was an e-mail sent by Mr. David Kennedy to Dr. Vishal Sikka that Mr. Kennedy could not hide the Bansal agreement from the board and the CFO any longer. It is best that the company scotches this accusation either by denying the existence of such an e-mail with proof and clearing the names of both Mr. Kennedy and Dr. Sikka, or by explaining to the shareholders what action was taken against the individuals who hid information from the board and from the new CFO who signs the SOX statement. "
Doubt: In case such an e-mail does not exist, how does the company prove its non-existence? Presence is provable. Is absence also provable?

"The general belief among a large number of shareholders is that the current attitude of the board is a clear example of the worst board governance in India’s corporate history."
Doubt: Since Murthy believes in data and data alone, does he have enough evidence say by way of a survey to prove his contention?

"Several investors have expressed concern about the lack of transparency in the press release on the Gibson Dunn Crutcher (GDC) Report. The general impression in the market is that the Infosys board has spent lots of shareholder money in hiring expensive lawyers and obtained a clean chit for themselves from these lawyers. It is very important to remember that none of these expenses would have been incurred if the board and the company management had not committed serious mistakes regarding Rajiv Bansal agreement and David Kennedy agreement."
Doubt: Murthy raised doubts about these agreements with ex-CFO etc. necessitating further investigation. Is it proper for Murthy to blame the Board for ordering these investigations? Murthy has also clarified that he had advised Seshasayee to obtain investigation reports from impartial agencies (he had named a few including some former independent directors). Is it proper for Murthy to complain about the cost now? Of course, the Board did not go by Murthy's recommendation regarding agencies named by him.
"It would be proper for the board to put all the three investigation reports (Cyril Amarchand Mangaldas (CAM) Report, Latham and Watkins (LW) Report and Gibson, Dunn and Crutcher (GDC) Report) and the Panaya valuation report on the website of the company, and also provide a point-by-point denial of the whistle-blower accusations fully supported by data and facts. The whistle-blower has made serious allegations and just a top-level press release is not sufficient. The company should provide answers to the following questions emanating from the whistle-blower accusations. This should not be difficult since the board claims that three separate well-known law firms have investigated the issues thoroughly and since the board has spent huge amount of money on investigations."
Doubt: Murthy is unclear whether he says that the whistle-blower's accusations are fully supported by data and facts or he wants the Board to clarify with data and facts. Sowing seeds of suspicion by skillful positioning of words is an art.

"a. Can the company categorically deny that any employee and / or his / her relative (spouse, father, mother, brothers, sisters, nephews and nieces, children, spouse’s father, mother, sisters, brothers, nephews and nieces) benefitted personally in the Panaya acquisition?"
Doubt: Is it expected of any company to take a declaration from every employee that there is no personal benefit to him / her and relatives in an acquisition? Murthy would be justified in restricting his enquiry to directors and top management.

"c. If the answer to question 2a is YES, then can the company provide the names of Panaya investors related to Infosys employees with the nature of their relationship to the Infosys employee (spouse, father, mother, brothers, sisters, nephews and nieces, children, spouse’s father, mother, sisters, brothers, nephews and nieces) and the number of shares they held on the date that Panaya was acquired by Infosys?"
Doubt: Does Murthy mean 'if the answer is NO'?
"Has the culture of the company changed (since the founders left) to reward people who hide information from the board?"
Doubt: Good sarcasm.
One person has responded to Murthy's efforts to pin down the Board as follows:
Richard Armond: "Infy under Mr Murthy was a better managed company and grew much faster than under Sikka. Today Infy can barely keep up with the growth of its peer IT companies in India. There have been murders on campus and a rape. Yet, today deluded Infy employees are more rattled by Sikka's exit."
Doubt: Would Murthy's next missile deal with murders and rape in Infosys?

The Infosys imbroglio

The Infosys drama continues to play out with striking similarities to what tanspired in the Tata group when Cyrus Mistry was ejected out.

Vishal Sikka claims that persistent attempts by N.R.Narayana Murthy to malign the company's Board and top management derailed any move by the company to improve its performance. Murthy counters saying he is focusing on governance and not performance.

Sikka came from SAP, a renowned German company. Financial performance counts for every company and it is so for German companies also. Remember the Volkswagen scam involving tampering with fuel gauge ? Coming from such a background, Sikka puts performance over everything else including corporate governance.

Governance has both legal and ethical dimensions. Most CEOs prioritise the legal aspect over the ethical requirements. Laws are strictly defined. Ethics are not so. That is why people are more confused than enlightened when Ratan Tata boasts about the Tata Culture and Murthy obsesses with his version of Corporate Governance. Significance of ethics in management should not be trivialised. At the same time, we need to bear in mind that there are acceptable ranges in ethical behaviour. Anyone who has a smattering of Mahabharata would appreciate this.

Murthy carries a burdensome baggage. He feels adrift since leaving the company. That is why he made a comeback. Though for all outward appearances he welcomed professionalisation of management with the exit of promoters from management, he did not have a proper understanding of his self. He continues to be possessive about the company he and his co-promoters formed. His intellect which is not very sharp hesitantly accepts the need for professionalisation. But his heart continues to crave for active association with Infosys. He continues to suffer from Founders' Curse.

This dichotomy between what is good for one's creation and what is psychologically comfortable for oneself is not uncommon. The dissonance arising from this has to be resolved in a mature manner. If it is not resolved in time, it leads to street brawls like what we are witnessing in Infosys today.

Issues raised by Murthy are of course not trivial though they could have been sorted out in a less amateurish way. Persons like Seshasayee, Ravi Venkatesan ,  D.Sundaram  and Roopa Kudva are not men of straw and cannot be trifled with. So, Murthy's non-stop allegations against the Board (though he tries to sound a little more pleasant by seeming to accept their proven credentials) are in poor taste and are an inescapable consequence of his own split personality where brain and heart are at war.

Other promoters like Shibulal, Nilekani, Dinesh and Gopalakrishnan have maintained a dignified silence. This is at variance from the cacophonic support extended to Murthy by the former CFOs who were appointed by Murthy. Mohandas Pai has not covered himself with glory by egging on Murthy.

Murthy has been petulant. The Board has been flat-footed and out-manoeuvred by both Murthy and Sikka. Shareholders have learnt a painful lesson that neither promoters nor the management care for the company. If either Murthy or the Board does not exhibit flexibility in dealing with the other, a company that was showcased as an exemplar combining governance and performance would fall between two stools. Both Murthy and the Board owe it to the company and its shareholders to mend their ways.

Thursday, August 10, 2017

Makings of a banana republic

A banana republic is defined as
  1. "a small state that is politically unstable as a result of the domination of its economy by a single export controlled by foreign capital."

In contemporary parlance, any state where the rule of law does not prevail is named a banana republic.

If a state is not to become a banana republic, various institutions need to perform their role responsibly. In particular, the judiciary, the police, the election authority and the so-called nominal heads like the President and the Governor have to be true to their calling.

In this regard, India is in a perilous state for a long time. Judicial delays and motivated judgments are legion. The police dances to the dictates of political masters. The election commission seems to be on surer footing. President, Vice-President and Governors are at the beck and call of the party in power. Some of them become conscious of their duties only after demitting office.

Wednesday, August 09, 2017

Unruly BJP

BJP seems to bent on proving that it is as murky as any other political party.

The Kerala State BJP President is actively involved in medical college admissions scandal.

The son of the Haryana State BJP President was stalking and attempting to kidnap a lady in Chandigarh. The state government is doing its best to protect the criminal.

In Chandigarh, a BJP leader obstructed an ambulane which led to the death of a patient.

Power has corrupted BJP pretty fast.

Tuesday, August 08, 2017

Lessons from Ahmed Patel's victory

Ahmed Patel fought very hard to be elected to the Rajya Sabha once more. There was prolonged suspense before the votes were counted because of contravention of electoral rules by two estranged Congress members.

Two lessons are obvious from this episode. One is that the Election Commission is capable of resisting pressure from the government / ruling party to bend rules. This is a good example worthy of emulation by other institutions.

The second lesson is that BJP lost the contest because of its obsessive urge to defeat Ahmed Patel. It is this pathological urge that forced Amit Shah to have an unauthorised look at the ballot of two Congress members. Determination and persistence are desirable and productive. Excessive anxiety to score a victory at any cost is counter-productive.

Tuesday, August 01, 2017

As fleeting as --------

Phrases like "as fleeting as a rainbow" and "as fleeting as ripples on the pond" are out.

"As fleeting as the tenure of Donald Trump's staff" is in.

Sunday, July 30, 2017

AGM : Cholamandalam Finance

The only issue that came up repeatedly at the recently held AGM of Cholamandalam Finance was the shareholder-unfriendliness of the company.

Granted that the company is conservative. But, Sundaram Finance which is the citadel of conservatism is declaring twice the dividend per share as Cholamandalam though SFL's earnings per share is almost the same, in fact marginally less. Cholamandalam has not issued any bonus share so far, again unlike Sundaram Finance.

If shareholders are not rewarded when the going is good, the PE Ratio of the company will continue to lag behind its peers'. Dividend Distribution Policy which the SEBI has mandated to be disclosed in both the annual report and the company's website, is not published in the annual report. The policy which is available on the website takes shareholders for a ride by disclosing that the Board will recommend dividend to the extent of nearly 20% of PAT minus transfers to statutory and regulatory Reserves. The Reserves account for nearly 50% of PAT every year. So dividend payout is only nearly 10% which is dismal. By contrast, Sundaram Finance declares 20 to 30% of its PAT as dividends.

The claim of Cholamandalam that it is professionally managed is therefore a myth.

Saturday, July 29, 2017

Lessons from Charlie Gard

The sensational life of Charlie Gard, the angelic child who was a victim of mitochondrial DNA depletion syndrome has ended, but not before teaching us a lot of lessons about life and death. As we mourn his passing away, we need to admit our inability to understand the ways of nature completely.

Parents of Charlie Gard initially wanted to try an experimental treatment offered by a particular doctor in the U.S. The hospital in England where the child was in a ventilator was sceptical about this treatment and in fact about any other treatment for his unfortunate condition. HH the Pope and President Trump were on the same page supporting the parents in a desperate attempt to save the child or at least to prolong his life.

This is a classic example where it is almost impossible to decide what is just and ethical. Should a life be sought to be saved at any cost? Is it just to deny a possible opportunity for sustained life simply because the suggested treatment was possibly never tried earlier? What about dignity of life? Is it fair to keep a life without the ability to see, hear and think and thus dependent on others for life?

Who has the authority to decide, doctors, parents or the state?  This is a puzzle we may never be able to solve.

Truthfulness and Righteousness

No one will disagree that leaders need to be truthful and righteous. Righteousness may be interpreted in different ways , but truthfulness is probably not a negotiable term.

Articles 62 and 63 of the Constitution of Pakistan require the prime minister to be truthful and righteous respectively. Karan Thapar translates 'sadiq' and 'ameen' accordingly. Nawaz Sharif has been unseated by the Supreme Court for violating these requirements.

One wonders if there is any reference to truthfulness and righteousness in the Indian Constitution. If there is such a requirement, Manmohan Singh would have received the sack a thousand times.

Friday, July 28, 2017

Value of dishonesty

Dishonesty manifests in different ways. In politics, it normally refers to corruption.

Once a Chief Minister proved to be corrupt had to submit his resignation to the Governor. The Governor accepted his resignation and asked him to continue as CM till a honest politician was chosen to replace him. Thus the corrupt CM became CM for life.

Pakistan shows the way !

Nawaz Sharif loses his primeministership because the Supreme Court of Pakistan did what it was supposed to do: that is deliver justice.

Sharif should be regretting that he is not a politician in India. Indian courts give a long rope to political criminals. In cases like Bofors, 2G and Vyapam, the criminals can trust the legal dilatoriness to save them. Even Jayalalithaa would have been pronounced innocent had she survived.

Wednesday, July 26, 2017

Sunanda's son makes a timely intervention

Shiv Menon, Sunanda's son through an earlier marriage, is contemptuous of those who want unnecessary enquiries into the natural death of his mother. What is the locus standi of Subramanian Swamy to plead for CBI enquiry when the Delhi police has repeatedly proved its efficiency by closing its eyes to what was happening ?

It is a pity that even the Delhi High Court is unable to appreciate the genuineness of Tharoor and Shiv Menon. Following is an interesting excerpt:

"Mehra (the counsel representing the Delhi police) further stated that he found it strange that a son is objecting to a petition seeking a probe into his mother’s death. This observation was seconded by the Bench,
“That is what we thought. A son should be extremely happy that a probe is sought in his mother’s death. It gives him an opportunity to ask why a chargesheet has not been filed.”
The Bench concluded by saying that if in a criminal case, the chargesheet is not filed in 3 years, then it is a serious matter. The Bench further stated that the son should first get himself impleaded in the petition and then they will hear his submissions."
Does the Honourable Bench appreciate Tharoor's anguish? Do they know what is lupus? Tharoor should educate them.

Tuesday, July 25, 2017

Poor Shashi Tharoor

Shashi Tharoor has once again confirmed his readiness to cooperate in any police investigation on Sunanda Pushkar's death. He is more anxious than anybody else to know the truth.

As an innocent person, he initially believed that Sunanda died a natural death. So he took care to cremate the body the soonest. He could not get reconciled that Sunanda was no more. This made him develop chest pain and get admitted in AIIMS. He made use of this opportunity to advise the doctors that Sunanda was suffering from lupus and this was possibly the cause of her demise. The inefficient doctors could not diagnose the cause of his imaginary chest pain and they discharged him.

Tharoor had immense faith in the Delhi police that they would not find the reason for Sunanda passing away. He is so wet behind the ears that signs of injuries on her body did not make him suspicious. He perhaps thought these were self-inflicted wounds as she was suffering from 'lupus'. Only Tharoor knows that lupus is much more consequential than what doctors suspect.

As a harried husband, it hurt Tharoor immensely when people started suspecting him. He did his best to mislead the AIIMS and the public. But they never appreciated his unimpeachable integrity and faithfulness to Sunanda. That Sunanda was his third wife made him an experienced faithful.

Tharoor in all his innocence was greatly upset as to what ails this society if it unnecessarily suspects that Sunanda's death was not natural just because autopsy and viscera examination spotted poisonous substances in her body. Only Tharoor knows that there are so many toxins in our body and therefore does it mean that all deaths are unnatural? The common man could not understand the intensity of Tharoor's mourning because the common man is probably married only once and so what does he know about the grief surrounding the separation from third wife?

Acutely aware of the chronic pain resulting from lupus (what else?), Tharoor desired to reduce the suffering of Sunanda by aligning with Mehr Tarar and others. Unfortunately, like everybody else, Sunanda also suspected Tharoor. The crude open fight between the couple that occurred in the flight from Thiruvananthapuram a couple of days before Sunanda's murder (sorry, natural death) was considered as yet another proof of the troubled relations between Sunanda and the innocent Tharoor. Only Tharoor knows that it was only a public show of affection. It is a pity that even Manish Tiwari of the Congress who was in the same flight did not understand Tharoor's child-like innocence.

The Delhi police is highly sophisticated in its thinking. It is aware that there was poison in Sunanda's body. But it wants to know where is the proof that a poison caused her death. This is a very scientific reasoning which the police will appreciate only when the needle of suspicion points towards people like Shashi Tharoor.

Republic TV which is under the illusion that it is the duty of media to unearth truth is prolonging the controversy claiming it has fresh evidence in the case. Does it appreciate how worried Tharoor is about all these false accusations? Out of genuine concern for Sunanda's health, Tharoor made her stay in Leela Palace Hotel because his house was being re-painted and Sunanda might be allergic to paint (remember lupus?) . It is a canard to say that she decided to stay there, away from Tharoor. If there is any doubt, one can check up with Sunanda's mobile. But unfortunately, many messages in the mobile have been erased. You may think that someone deliberately deleted these messages. No, Sunanda herself removed these . Why? Because of lupus.

Saturday, July 22, 2017

Supercluster Saraswati

Did you see the news regarding the recent discovery of a supercluster now named Saraswati? Containing 43 clusters across 600 million light years and located 4 billion light years from us, its hugeness and antiquity are  likely to antedate the age of our universe which is now placed at 13.8 billion years.

Since this supercluster is unlikely to be the most ancient of similar sized or even larger superclusters, the age of the universe will ever remain an enigma. It is always a formidable challenge to understand the attributes of either the largest or smallest structures.

Friday, July 14, 2017

Failure of criminal justice system

There is an eternal controversy as to whether the criminal justice system ought to be reformative or retributive. Should criminals be so treated that they reform themselves or should they simply be punished for their offences?

Sasikala has proved the futility of our criminal justice system. Allegedly offering a bribe of Rs. Two crore to prison officials, she is enjoying normal luxurious life in prison. There is neither retribution (punishment) nor possibility of reformation in this case.

It is normally a cause of worry when a criminal goes back to criminal activity after release from prison. Recidivism causes concern. Sasikala has gone one step further. She has resumed her criminal practice of corruption even while in prison as if bribery is her dharma and she shall not desist from it. This is an interesting case of expedited recidivism. 

Wednesday, July 05, 2017

BBB's bungling

The Bank Boards Bureau headed by Mr.Vinod Rai recently announced a panel of 15 GMs of public sector banks whom it has recommended for posting as EDs.

It is reported by Economic Times that the list is being amended because marks were not tabulated properly. How can such a ridiculous mistake happen?

IDBI Bank's false claim

IDBI Bank claims that it is charging a concessional rate for demat accounts maintained by senior citizens and women. But a sample survey shows that all are charged the same regular rate.

Is IDBI Bank fraudulent or negligent or both? This is not the first time that this bank has acted in a non-professional way. This blog had referred to this kind of problem earlier also.

Monday, July 03, 2017

Financial Resolution and Deposit Insurance (FRDI) Bill

The central government is proposing to introduce the captioned Bill in the Parliament.

Section 49 (1) (f) of the Bill ominously empowers the specified authorities to mandate the following:

"(f) the reduction of interest or rights which the members,
depositors and other creditors have in or against the
covered service provider before its resolution to such
extent as the Corporation and the Appropriate
Regulator considers necessary in the public interest or
in the interests of the members, depositors and other
creditors or for the maintenance of the business of the
covered service provider;"

For the first time, the government has chosen to sow seeds of suspicion in the minds of depositors of both private and public sectors that their deposits may not be repaid fully. Similarly, those who have taken insurance with LIC need to reappraise their insurance strategy.

Politicians collude with businesspeople and bankers. Huge bad debts are generated. Ultimately depositors pay the price. How fair is this?

Saturday, July 01, 2017


1) Charges were framed against AIADMK (Amma) general secretary V.K.Sasikala on July 1, 2017. The case was filed by the Enforcement Directorate in 2001, that is 16 years ago. Snails move faster.

2) Narendra Modi claims that the 'tough steps' taken against black money by his government have begun yielding results. Proof? He cites the record low balances held by Indians in Swiss banks last year as the proof. Black money is shifted from one place to another and the government claims credit for this! The government has not seized this money.

These news items appeared in The Hindu on the front page today (July 2). Are we really progressing?

Monday, June 26, 2017

Meira Kumar and Pratibha Patil

I was wondering how Sonia Gandhi who infamously was responsible for making fraudulent Pratibha Patil as President could have become wise enough to nominate Meira Kumar for Presidency.

My astonishment was short-lived. My assumption that Meira Kumar is a clean politician has been proved wrong. She is reported to have fraudulently converted a government bungalow into a memorial for her father, Jagjivan Ram. She surreptitiously got her rental arrears to the extent of Rs.1.97 crore waived.

The NDA government for political reasons is turning a blind eye to all this. Now I am not surprised that Soniaji chose to nominate Meira Kumar. Sonia is consistent in supporting the embezzlers. I am sure that if Ram Nath Kovind has any fraudulent credentials, he will also gain Sonia's support.

Thursday, June 22, 2017

Kovind vs Meira Kumar

UPA has now nominated Meira Kumar to contest against Ram Nath Kovind in the Presidential election. Meira Kumar is a former IFS bureaucrat, a five time member of LokSabha and a former central minister and Speaker of the Lok Sabha.A distinguished dalit, she is the daughter of Jagjivan Ram who was once an ardent supporter of Indira Gandhi before rebelling against her.

The contest will not be one-sided. Kovind's election is not a foregone conclusion. Since Meira Kumar hails from Bihar it may be difficult for Nitish Kumar not to support her. Though impossible, it will be interesting if there is a public debate between the two eminent contestants.

It is a pity that the election to the highest post in India is reduced to the mockery of who cares more for the dalits. Dalits need constructive help and not symbolic support. Since the contest is between two eminent citizens, it is not all that bad.

Wednesday, June 21, 2017


In a democracy, comparison between different parties or alliances in government at different times is inevitable and also useful. UPA was in power for 10 years; the present NDA has been governing for the past 3 years.

There are some obvious differences like surfeit of scams during UPA times and initiation of inflammatory issues when NDA is in power. Beyond the obvious, there is one basic difference which may decide if NDA will be voted back to power in the next general elections.

UPA was shrewd (?) or pragmatic (?) or indifferent enough not to attempt any experiment, call it reform or not, that would require widespread co-operation from the public. UPA's major achievement as its leaders are fond of saying was introduction of Right to Information Act. A crucial measure, no doubt, but it was easy to implement and nobody was adversely affected at least initially. When difficulties started, many subterfuges emerged heralding adoption of various dilatory tactics. RTI did not require people's forbearance for its successful implementation.

NDA however has charted a different course. It has embarked on two major missions which require(d) total and unflinching readiness on the part of people to take suffering in their stride. Objectives of Demonetisation were hazy but the problems it created for the people were tangible and crystal-clear. It is a tribute to Modi's shrewdness that he could not only weather this self-created storm but could successfully project it as a mission against all evils, be they terrorism, black money or inflation.

GST is the next big experiment that is bound to create a lot of teething problems. Its introduction is certainly called for. One does not know if UPA deftly avoided belling the cat though it made a lot of noise about it. No doubt, Modi strongly opposed GST when he was a chief minister. If GST is implemented without snafu, Modi will be a little more sure of retaining power post 2019. Would he have the nerve to come up with one more major experiment before 2019?

Tuesday, June 20, 2017

Changing times

There was a time when people had utmost faith in banks. It was not unusual for people to seek advice from their bankers how to invest their hard earned money. Any money kept with banks was deemed to be 100% safe.

Post 2007, things have changed drastically. It has become difficult to distinguish between bankers and politicians in terms of their trust-worthiness. Frauds committed by and on banks have become one too many.

I am tempted to write this because today when I saw a headline in NYTimes "DealBook: Barclays Charged with Fraud", I was least interested in reading the details. I was only wondering 'What is new in a bank committing a fraud?'

Would banks ever regain their credibility?

Monday, June 19, 2017

Ram Nath Kovind

Barring unforeseen events, Mr.Ram Nath Kovind will be our next President. Little known outside BJP (in fact, little known in BJP also), he is presently the Governor of Bihar. A non-controversial politician (oxymoronish?), he was a member of Rajya Sabha for twelve years.

He was practising law in Delhi. He dutifully handled cases of the marginalised sections. Obviously, he is not greedy for money. He is a dalit and he continues to evince interest in the welfare of dalits unlike many dalit leaders who care little for other dalits once they become rich and powerful.

It is evident that Kovind is not in any way unfit to be our President. BJP and Modi could of course have chosen a better candidate. But, politics being what it is today, we ought to be happy that they have not selected a worse candidate. He will be the second dalit to be our President. K.R.Narayanan was the first. KRN and  RNK share an interesting anagrammatic relationship.

Yet another terror attack

The incident at the Finsbury Park mosque in London in which one Muslim worshipper was killed and several wounded shows that terrorists of different hues are becoming active. This is an ominous sign that things are going out of control.

Terrorism by or against Muslims deserves strongest condemnation. This is no time for political correctness. Police should handle all such incidents with maximum seriousness, bring culprits to book and release their investigative reports for public understanding. Any person preaching violence has to be immediately arrested, Right to freedom of speech is not a licence to provoke hatred among people.

It is particularly sad that London is becoming a hotbed of terrorism. Does it mean that the salad bowl approach to immigration is failing?

Sunday, June 18, 2017

"Letter from a concerned reader"

One Mr.J.Mathrubootham who identifies himself only as a retired senior executive of a nationalised bank writes a weekly column in The Hindu. It appears in the Sunday Magazine section.

Titled "Letter from a concerned reader", this column justly trivialises what we normally (mis)take as important issues. The writer expresses his humorous thoughts conversationally and interestingly. Inclusion of this weekly contribution is a pleasant surprise from The Hindu which is normally associated with sedate seriousness and staid statements.

This is a double surprise because bankers are considered to be too serious to be concerned with lighter moments of life and flippant observations on those moments.

Saturday, June 17, 2017

Who is our next President?

It may be difficult to get a President like Dr.Radhakrishnan or Dr.Zakir Hussain, both eminent educationists. But does that mean that we need to accept a mediocre person who is least unacceptable to various political divisions?

A person like E.Sreedharan, the Metro Man, is the need of the hour. He is known for honesty, hard work and purposeful action. An equally good choice would be M.S.Swaminathan, the renowned agricultural scientist. Prime Minister Modi has a panache for springing surprises. This time he must also ensure that the presidential nominee is capable of acting without political fear or favour. He or she must also be knowledgeable about duties and responsibility of the First Citizen of the country.

Tuesday, June 13, 2017

PNB's uniqueness

I worked in Punjab National Bank for 21 years. It is not surprising therefore that any news about PNB interests me. It is the only bank in India whose Chairman and CEO (Managing Director) both have the same name: Sunil Mehta. This peculiarity may occur in family-owned companies. This does not seem to be the case in any non-family owned company in India.

The Chairman had earlier worked with Citibank and AIG. The MD came to PNB via Allahabad Bank and Corporation Bank. Placing both of them in the same bank is an interesting experiment.

PNB which was once considered a robust bank has fallen on difficult days. It has skipped dividend for the past two years. It's anybody's guess when its fortunes will revive.

Friday, June 09, 2017

Theresa May and Narendra Modi

Theresa May seems to have bungled in calling elections early. Her blunder regarding 'dementia tax' has cost her heavily. Perhaps, she could not have foreseen all this.

There are interesting parallels between May and Modi. Both rely heavily on a small set of advisers. Both keep an uneasy distance from their party leaders and parliamentarians. Even while conducting meetings with legislators, these two leaders do not get too close to their party men. Modi gets physically closer only with foreign leaders. This aspect of Modi has started attracting media attention. May and Modi are right of centre economically.

There is one stark difference though. Modi relishes addressing humongously large gatherings which is not May's cup of tea.

Modi excels when in crisis. His handling of repercussions of demonetisation is still fresh in our memory. Will Theresa May excel similarly now that her party has lost majority and Brexit negotiations are round the corner?

AI apologises to Governor

An international flight of Air India was delayed for take-off by two hours in Kozhicode. This is hardly any news. The Governor Justice Sadasivam of Kerala was travelling by that flight.

Newspapers have reported that Air India apologised to the Governor for the delay in departure. This delay was caused by the delay in an incoming flight. Apology has to be tendered to all passengers. Why should AI apologise only to one passenger ? Is India a feudal state?

Monday, June 05, 2017

Evolution of a WhatsApper

It seems impossible today to live without WhatsApp facility. All users of WhatsApp are not alike in the way they use this facility.

Any WhatsApp user evolves over a period of time. Following stages of evolution are noteworthy.

Stage 1: When we are initiated into WhatsApp usage, we only read others' postings on WhatsApp. We do not dare to start posting rightaway.

Stage 2: Once we develop a taste for this facility, we begin to post information and our views. Frequency of postings increases as we become more addicted.

Stage 3: Then we reach a situation when we stop reading postings of others. Instead we forward postings in other groups in our group without knowing or caring to know who was the author in the first place.

Stage 4: We have now graduated to a level wherein we are not expected to read any postings. We end up forwarding others' postings in the same group. Now users in Stage 1 start wondering how they are coming across the same message again and again.

Stage 5: When our evolution is complete, we start forwarding the messages we had earlier forwarded in the same group.

Sunday, June 04, 2017

Terror attack in London

It is tragic that that terror events are becoming more frequent. Saturday's attack in London Bridge and Borough Market are absolutely shocking.

Politicians in U.K. have reacted sensibly. Read what Jeremy Corbyn, the leader of Labour Party, has said:

Labour leader Jeremy Corbyn said: “We are all shocked and horrified by the brutal attacks in London. My thoughts are with the families and friends of those who have died and the many who have been injured. Today, we will all grieve for their loss.
“I would like to thank the police and emergency services for their bravery and professionalism in acting to save lives and deal with these appalling acts of terrorism, as well as NHS staff and members of the public who sought to protect others.
“The Labour party will be suspending national campaigning until this evening, after consultations with other parties, as a mark of respect for those who have died and suffered injury.
“Those who wish to harm our people, divide our communities and attack our democracy will not succeed. We will stand together to defend our common values of solidarity, humanity and justice, and will not allow terrorists to derail our democratic process.”

This opposition leader has not taken advantage of the terror attack to undermine the chances of the ruling party in the ensuing General Election. Can we ever expect such maturity from our political parties? Unfortunately, in India every calamity is an opportunity to embarrass the government of the day. It may be offensive, but true, that the British took away political decency with them when they departed from India.

Thursday, May 25, 2017

Counter-terrorism is not terrorism

There is a lot of hullabaloo over a soldier of the Indian army tying a stonepelter in the bonnet of his vehicle with a view to ensuring safe passage for officials on poll duty. The army is facing a tough situation when it is called upon to maintain law and order which the terrorists are on a crusade to destroy.

An army man cannot be denied the right to protect himself and law-abiding citizens. If agitators can pelt stones and subject soldiers to all kinds of insults, the army cannot turn pacific. So-called liberal media will be well advised to shed its misplaced empathy for those out to terrorise the nation. It is not expected of the media to align itself with terrorists.

Lord Ganapathi and Sage Vyasa

Lord Brahma was sought by Sage Vyasa to suggest how to convert his thoughts which formed the Mahabharata into writing. Brahma told him to approach Lord Ganapathi whose blessings are sought for any new venture.

Vyasa prayed to Ganapathi who consented to write the entire epic for Vyasa subject to one condition. Vyasa should narrate without interruption so that Ganapathi would never need to wait. Lord Ganapathi was a speed writer. So Vyasa planned a ruse and requested the Lord he must write any verse only after understanding it. Ganapathi agreed.

Whenever Vyasa needed rest, he would come up with a verse difficult to comprehend. Thus, Vyasa would gain some breathing time. There are 8,800 such difficult verses which even today pose a challenge to scholars for interpretation.

Monday, May 22, 2017

Justices Katju and Karnan

Any comparison between Justice Karnan and Justice Katju is likely to be dismissed in limine as absurd. But there is a stark similarity between the two.

Both have an obsessive longing to be noticed by the public. Just like a child would throw a tantrum just to attract the attention of its parents, these honourable judges come up with bizarre statements which cannot be ignored by the public.

There is of course a noticeable difference. Katju's legal acumen is far sharper. So he tends to raise subtle points of law, give them a twist and await people's anger or approbation. Karnan unfortunately seems to be deficient in legal expertise and therefore adopts a different course. He raises issues of probity of individual judges and tries to draw the attention of PM or the President.

There may be truth in Karnan's allegations but he is unable to follow it up properly like the Bhushans because of his legal knowledge deficit. The attention-seeking behaviour of both of them, though infantile, provides huge entertainment.

Sunday, May 21, 2017


BJP has not crowned itself with glory in the issue relating to aadhaar. While in opposition, BJP was anti-aadhaar. In power, they are its crusaders.

On one hand, the government makes PAN Card invalid if it is not linked to aadhaar by June 30th. On the other hand, they also claim June 30 is not a deadline. The Supreme Court has repeatedly expressed its view that aadhaar should not be mandatory till the pending case is disposed of. Government does not seem to care.

Poor people cannot avail social subsidies in the absence of aadhaar number. But aadhaar is not compulsory. Strange are the utterances of the government.

Wednesday, May 17, 2017

Triple Talaq

The Supreme Court is now hearing various legal luminaries on legality or otherwise of the Islamic practice of triple talaq. The central question is whether it is a religious practice and if so is it an essential religious practice.

Kapil Sibal is bending over backwards to prove that it is both. The argument as reported in The Hindu runs on these lines:

"Triple talaq is a matter of faith for Muslims similar to how it is a matter of faith for Hindus that Lord Ram was born in Ayodhya, the All India Muslim Personal Law Board (AIMPLB) told the Supreme Court on Tuesday.
Why is the Centre so keen to raise doubts about the constitutional morality of Muslims' faith in the 1400-year-old practice of triple talaq when no such doubts have been raised about the Hindus' faith that Ayodhya is the birthplace of Lord Ram? Who is the government to say that triple talaq, evolved through social and family norms, is “un-Islamic”? senior advocate Kapil Sibal, appearing for AIMPLB, asked a five-judge Constitution Bench led by Chief Justice of India J.S. Khehar."

It is absurd to equate a matter of belief with a matter of practice. The belief that someone was born in a place does not jeopardise anyone. But a practice that impinges on one's right is capable of landing a person in deep trouble. Triple talaq is something that is practised and some claim that it is unilaterally deleterious to the interests of affected women. It is accepted that it is not the only way of divorce. Therefore, if the court is convinced that it is repugnant to gender-justice, it has to be outlawed.

Kapil Sibal further argues:
"“For example, the husband is cruel and a drunk. The woman is fed up and wants instant triple talaq, but the husband refuses it to torture her further. She has no money to go to the courts. She is left to live her life in utter despair. If the society intervenes and her husband gives her instant talaq, you will call it illegal. So, there are many complexities, which the Supreme Court cannot go into in a matter of just six days. Personal law relates to personal relationships,” he argued."

This is where the learned advocate really bends over backwards. In the process he gives an incredible and utterly unlikely example. When we try to take care of an extremely unlikely event like the far-fetched example provided by Sibal, we are likely to sacrifice the interests of a preponderant majority and this is what happens here.
In any bilateral relationship such as marriage, conferment of right to one party and not to the other party is prima facie perverted and cannot claim legal protection.

Chidambarams in the dock

BJP has sounded the political bugle for the 2019 general elections. Chidambarams and Lalus are easy targets to ignite people's misgivings about UPA.

It is not unusual for sons to tarnish the image of their father. This is exactly what Karti Chidambaram has been doing for a long time. If Modi's government has not taken punitive action against Karthi for three long years, there must be some deliberate purpose behind this. The government is interested not in punishing the culprits but only wants to utilise the shenanigans of these culprits to shower electoral advantage on BJP.

This may be good politics. But it is bad governance. It is an open secret that Karti Chidambaram was a power-broker when his father was the Finance Minister. Chidambaram should not have allowed his fatherly affection to blind his eyes to his son's activities.

Sunday, May 14, 2017

China's OBOR project

China has launched an extremely ambitious infrastructure project costing $ 1 trillion over 4 years spanning 60 countries. This 'One Belt One Road' project is expected to employ millions of Chinese labourers in multiple countries.

China has figured that that it is sitting on the infra tiger and it cannot afford to get off lest its unemployment problem should go out of hand. This biggest infrastructure project ever attempted will certainly pose expected and unexpected problems. If China were a democracy, this would not have taken off.

This is an opportunity for China to offload a part of its huge forex kitty. In the process, many Asian and African countries are also forced to spend large sums of money. Social friction in many nations will be unavoidable. It will be interesting to watch how China executes this massive project.

Thursday, May 11, 2017

Impeach Justice Karnan

Justice Karnan has crossed all limits in his egregious insubordination to the Supreme Court. The Hon.Judge is evading arrest ordered by the apex court.
The judge has taken the view that only Parliament can discipline him. This is an opportunity for our worthy parliamentarians to show their solidarity with the judiciary by commencing impeachment proceedings and conclude expeditiously. Will they?

Wednesday, May 10, 2017

Impossible trinity

Actor Stephen Fry was asked what he might say to God at the gates of heaven. He replied, "I'd say , bone cancer in children? How dare you create a world to which there is such misery that is not our fault? It's not right.It's utterly, utterly evil. Why should I respect a capricious, mean-minded, stupid God who creates a world that is so full of injustice and pain?" (quoted from Economic Times, May 11th).

Thirukkural says in chapter 107, stanza 2: "If God has ordained that someone should beg for his living, let Him not exist."

Both Fry and Thiruvalluvar are not atheists, otherwise they would not refer to God. So, any theist will be pained by existence of pervasive and inexplicable injustice. Since God by definition is all-knowing and all-powerful,we expect that He would not let anybody suffer without reason. But in many cases, we are unable to find the reason. This dilemma can be solved in one of two ways. One, we may turn atheistic. Two, we may accept there are reasons unknown to us.

Since most of us would like to retain our faith in God, the second option needs to be explored. If a child is born physically challenged, we may rationalise it saying that it is a consequence of bad deeds in an earlier birth. This leads us to believe in rebirths. If we have faith in God and are puzzled by apparent injustice, the missing element that solves the puzzle is 'rebirth'.

It is therefore reasonable to conclude that 1)faith in God, 2)expectation of justice and 3)disbelief in rebirth cannot all of them exist together simultaneously.

Shashi Tharoor

Shashi Tharoor is furious that Arnab Goswami is trying to nail him in the case of unnatural death of his wife, Sunanda Pushkar. From day one, it was evident to everyone who looked at the chronology of events and how political pressure was used to obfuscate the facts that it was a murder, plain and simple.

It is despicable that the police instead of doing their job of investigating played a pliable role. The new tapes put out by Arnab's Republic need to be analysed by the police without any bias if truth is really to be discovered.

Tharoor's conduct in the incident has created a lot of suspicion. Following three tweets from him are only to be expected. He is trying to save his skin. What is the police waiting for? Tharoor claims he has nothing to hide from the police. He has already destroyed any evidence that may implicate him.

"1.Exasperating farrago of distortions, misrepresentations&outright lies being broadcast by an unprincipled showman masquerading as a journalst

2.A so-called journalist comes w/an agenda2disrupt the rest of the media in order to create attention for his channel. Not interested in truth
3.Pathetic2see the depths2which some will sink2attract TRPs. I have nothing to hide from the police&the courts but nothing to say2such people."