One Man’s Walk through life

Justice V Ramasubramanian of the Madras high court noted:

buy canada goose jacket The watch dogs that didn’t bark for IL buy canada goose jacket

canada goose uk black friday The entire story hinges cheap Canada Goose on the ‘curious incident of the dog in the canada goose night time’. If the nefarious goings on happened in the presence of a watchdog, why didn’t the dog bark?That, concludes Holmes, is precisely the point.The intruder was known to the Canada Goose Outlet dog.The curiosity of the mismanagement at IL of Titanic sized proportions that’s gone down canada goose clearance with a debt of Rs 910 billion, canada goose black friday sale is that there were watchdogs aplenty.Its independent directors, now sacked, included stellar names of Indian industry such as canada goose store Maruti Chairman R C Bhargava and former banker and IT entrepreneur Jerry Rao.Public sector behemoths such Canada Goose Parka as Life Insurance Corporation and State Bank of India, custodians of the savings of millions, are canada goose clearance sale among its owners.No one protested or canada goose coats resigned as the ship began to sink though there is finger pointing now at obstructionist shareholders and unreliable auditors.Several high ranking civil servants were on its payrolls.While some quit government to join as paid up IL employees on fancy salaries others such as D K Mittal and Aruna Sundarajan, later banking and telecom secretaries, respectively, had their moment in the sun on deputation to the company.Did these men and women of redoubtable experience and public service, upholders of the country’s steel frame and paragons of corporate governance, never smell a rat?Did they not ask how IL secured endless state government projects, virtually from Kashmir to Kanyakumari, in building everything from tunnels, toll bridges and hi tech cities to verticals in water, power and engineering?Or some of the unscrupulous ways and means by which it made money and spent it before going belly up?If the company’s large network of political, bureaucratic and banking connections reeks of favour trading, conflict of interest and dereliction of duty, not much is known about its creator, Ravi Parthasarathy, who presided over a byzantine maze of several hundred subsidiaries and joint ventures for two decades.Other than he enjoyed smoking pipes, was a Wimbledon fan and rewarded canada goose deals himself with a fat buy canada goose jacket cheap pay hike, the IIM Ahmedabad graduate and former banker is an enigmatic figure; more so since he left for London after stepping down, citing health problems before the approaching storm.Although IL had its tentacles everywhere Mr Parthasarthy is said to have Canada Goose sale run a tight ship.The business analyst Sucheta Dalal gives examples of the company’s ‘flamboyant, high spending ways’ and its complex, pyramid like structure with a few cronies pirouetting at the apex like obsolete managing agency style bosses shades of long nationalised firms like Andrew Yule and Bird Co.Land from state governments was often acquired at throwaway prices, then ‘any cost or fee that could be pushed past the state government was loaded on to the project’ before it even Canada Goose online got off the ground.Ms Dalal Canada Goose Jackets quotes instances of the Tirupur water project in Tamil Nadu and the Tamil Nadu Road Development Company where huge profits were skimmed off and ended in litigation.Justice V Ramasubramanian of https://www.canadagoosejacketonlines.ca the Madras high court noted: ‘Investing more money just for the purpose of servicing a debt is neither a prudent business decision nor in the interest of the public.’Mr Parthasarathy was kicked out of the roadways joint venture and the government took over.The case of the NOIDA Toll Bridge company was as flagrant.IL sold part of the government land for a nice profit but when costs escalated it sought canada goose outlet to buy canada goose jacket increase the concession period from 30 to 100 years!It was only when the toll fee paying public woke up to the jiggery pokery that the Supreme Court intervened canadian goose jacket to abolish the toll.Pride of its partnerships is the Gujarat International Finance Tec City, a 359 hectare smart city development on the Sabarmati’s banks, better known by the ironic acronym GIFT canada goose uk black friday.

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