The American-educated, pretty-boy, politician, Sachin Pilot, is currently on an official tour of the USA where he's been playing the unconvincing role of India's intellectually, and morally, authoritative Minister for Corporate Affairs.
I don't what it is about Sachin Pilot, but he's now beginning to remind me of Tom Cruise.
'The Economic Times of India' has recently published the following report of young Sachin's latest, absurd, but nonetheless dangerous, pronouncements on the subject of 'MLM Income Opportunity' racketeering:
With an aim to segregate the genuine multi level marketing companies from those operating fraudulent ponzi schemes, the (Indian) corporate affairs and consumer affairs ministries are working on a clearer set of rules for such businesses.
"While we must take strong action against the companies that are misusing the laws and duping investors, reputed companies that are doing good work and did not violate any Indian laws should be allowed to operate without any fear. They must be given confidence," Corporate Affairs Minister Sachin Pilot told PTI in an interview here.
The Indian minister is on an official visit here. The minister's comments come against the backdrop of the recent arrest of global direct selling major Amway's India Chairman William S. Pinckney and two company directors by the Kerala Police over allegations of fraud.
While they were released later on bail, the incident has generated a debate on need for a clear set of rules for differentiating between registered companies doing genuine businesses and those duping the investors through fraudulent schemes structured like multi-level marketing operations.
"My Ministry (Corporate Affairs) and Ministry of Corporate Affairs are now working on clarifying these guidelines (for multi-level companies)," Pilot said.
Stressing on the need for protecting investors against fraudulent entities, the Minister said the newspapers also have a larger role to play as watchdogs and should not entertain paid advertisements from illegal companies.
"Sometimes newspapers publish advertisements placed by companies running illegal schemes to dupe the investors.
"The newspapers have a larger role to play in being watchdogs of investors and refuse such paid advertisements in the best interest of readers. Companies must deliver what they promise," Pilot said.
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Sachin Pilot is evidently still mistaking the 'MLM' Utopian fairy story for fact, and, as I have previously pointed out, if this well-connected young fellow sincerely believes 'Amway India Enterprises' to be 'doing good work,' then he is not fit to be making the tea at the Indian Corporate Affairs Ministry, let alone running it. There are, of course various other, possible, logical explanations for Sachin Pilot's morally, and intellectually, feeble stance - most of which (if rigorously investigated and found to have been present) would land him in prison.
The mere fact that the Indian Minister for Corporate Affairs has been passing any comments on this dissimulated form of ongoing, major, organized crime (as though it is a lawful commercial enterprise), is a victory in itself for 'MLM Income Opportunity' racketeers.
Despite what Sachin Pilot claims to be reality, the republic of India already has common-sense criminal legislation which seeks to protect the Indian public and punish the guilty, by identifying, and banning, all forms of closed-market swindles, or pyramid scams, no matter how cleverly these are dissimulated. Furthermore, the Indian police is tasked with independently enforcing this criminal legislation, and independent Indian courts are also there to see that that the Indian public is protected and that justice is done.
According to his latest scandalous pronouncements (made in the USA), Sachin Pilot is still attempting to remove the Independent Indian police and courts from the equation, and introduce essentially-meaningly rules and toothless civil regulators, thus, placing foreign-based billionaire racketeers, like those behind 'Amway India Enterprises,' above the criminal law in the Indian republic.
David Brear (copyright 2013)
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