[dropcap color=”#008040″ boxed=”yes” boxed_radius=”8px” class=”” id=””]I[/dropcap]ndia’s Mainstream Media (MSM) is today reporting widely about Senior BJP leader Dr. Subramanian Swamy’s letter to Prime Minister Narendra Modi dated May 16, 2016, for removing RBI Governor Raghuram Rajan. But the same MSM kept silent on a letter written by Swamy to Rajan, accusing him of trying to hush-up Enforcement Directorate(ED)’s probe on former Finance Minister P Chidambaram’s son Karti’s firms’ money trail to Singapore. The letter dated January 5, 2015, was marked to the Prime Minister also and almost all media organisations had a copy of this controversial letter. Then why did they not publish this letter? It is believed that some editors tried to contact Rajan for his version on Swamy’s allegations but after talking to Rajan they too chose to stay silent.



In his letter to Rajan, Swamy not only accuses him of not co-operating with the ED, but also for alerting Chidambaram on ED’s move to track down Karti’s banking transactions. The ED, on November 27, 2014, sought from RBI about the money transfer details of three Karti-controlled companies including Advantage Strategic Consulting in connection with Aircel-Maxis scam probe.



In his two-page letter, Swamy warns Rajan for filing a case against him for intervening and helping Chidambaram and his son Karti in the Aircel-Maxis probe monitored by the Supreme Court.



“It is surprising that the RBI has not yet responded to the said communication from ED on the probe monitored. My sources inform me that you in your personal capacity have instead alerted the former Finance Minister P Chidambaram, who is the father of Karti Chidambaram about the ED’s letter. I do not know whether you are aware that the both father and son are suspects of CBI and ED to be interrogated further in the Aircel-Maxis probe.”



“After your alerting Chidambaram, he had sought to tamper with the evidence by putting pressure on Finance Ministry to dampen the investigation of ED with a view to hush up the matter. It is possible that since you were chosen by Chidambaram to be RBI Governor, you may feel obliged to alert him to the ongoing investigation, but as an RBI official you must know that informing and alerting him is a grave contempt of Supreme Court as potentially abetting tampering of investigation and evidence,” said Swamy to Rajan, cautioning the consequences.



“Hence, I urge you in the interest of the purity of judicial process to immediately co-operate with the probe of ED and furnish all details of Karti Chidambaram’s companies as sought by ED to ensure unhindered investigation. It will be consistent with the duties and ethics of the office of the RBI Governor not to inform or tip off the suspects named for the investigation. I am keeping the Prime Minister informed of this letter,” said Swamy.



[dropcap color=”#008040″ boxed=”yes” boxed_radius=”8px” class=”” id=””]R[/dropcap]BI got the ED’s request for sharing banking details on November 17, 2014. For more than 45 days it did not act on it. Swamy wrote on January 5, 2015. Within a week of receiving Swamy’s letter, the RBI submitted all banking data of Karti’s companies to the ED.



It is very interesting to note that Rajan did not reply to Swamy. Normally he should have responded to Swamy to clear the air. Was it a guilty conscience that prevented Rajan from replying? Further, did Rajan also prevent Indian media from reporting this matter?



Mr. Rajan, you have some explaining to do.



A copy of the letter is reproduced below:







Note:

1. Text in Blue points to additional data on the topic.