On 26 November 2011 14:09, Shamit Verma <[email protected]> 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 -- http://mm.ilug-bom.org.in/mailman/listinfo/linuxers
