| Open Letter To L.K. Advani Dated April23, 2009 Recovering Rs.75,00,000 Crores Loot – 50% in 30 Days Mr. L.K. Advani, I am glad you have realized on your 82nd birthday – dubious Indians have filled Swiss Banks with rupees in black money. Though you have made it look like a "Patriotic Act" but in fact you have made it possible for Ambanis to rip off Indians to the tune of Rs.35,00,000 crores alone. Every sensible person in India doubts your intentions of targeting Swiss Accounts when only 10% loot taking place in India flies to Switzerland .. My estimate of annual loot is $200b. Ambani Loot is worth $700b – breakup provided hereunder. Add to $1000b internal loot in five years would add up to $1700b - $200 more than your petitioned amount to make India great. I am not asking you to abandon your Supreme Court Endeavour even if that may have 10-20 years time frame. But my program is realistic and achievable quickly. - Nationalize Ambani business and appoint CAG to go through Ambani Accounts, all the legal investments be refunded to Ambanis. It would not add up to Rs.1,00,000 crores and India shall be richer by Rs.34,00,000 crores. - Sell public sector bank holdings in Corporate through auctions to NRIs as first preference and Foreign companies. This will provide $500b of cash for Farmers, SMEs and professionals neglected by NDA earlier. - Introduce Utility Model Patents that are fast and inexpensive to Protect Intellectual Property of 1200 million Indians. This Intellectual Potential has yet to be discovered. Potentially this alone would double economic progress. - Intellectual Potential for India is relatively huge. When an American Company invents a product with $1b potential, $500m is export potential. IPR technologies in India would have 80% to 90% income from Export Market. Obviously India can develop technologies faster and cheaper. - BJP henceforth would include 50 million NRIs, with enormous wealth and skills neglected by NDA earlier, in all nation building endeavors on same terms as ordinary Indian Citizen. XXXXXXXXXXXXXXX Pledge To Indians Take the following pledge- I, L.K. Advani, age 82 years do solemnly affirm and pledge to undertake on becoming Prime Minister to 15th Lok Sabha the following executive decisions within a week of assuming the office – - I shall undo the damage done to the country due to my ignorance during my earlier term as Deputy Prime Minister in giving licenses to Ambanis to own and operate KG Basin, Petroleum Refineries, Telecom, Petro Chemicals, BSES takeover etc and above all let Ambanis enhance promoter equity from 12% to up to 90% in their companies therefore wrongly connived in cheating by Ambani, would restore the wealth of the nation illegally acquired by Ambanis by Nationalizing Ambani operations and use the wealth for the benefit of 1200 million Indians. - I shall order Nationalize Banks to shed their equity holdings in Corporate in favor of NRIs and Foreign Investors and use the money recovered for financing capital needs of farmers, SMEs and Professional Entrepreneurs. - I shall introduce faster version of "Patents" called Utility Model Patents to protect the intellectual property of 1200 million Indians. - I shall order revocation of all restrictive provisions in Indian Laws that discriminate against India born foreign residents and treat over 50 million NRIs at par with ordinary Indian Citizen. - I realize it was a big mistake to ignore the advice of SK Dubey. Henceforth BJP will involve qualified and capable engineers & scientists in economic progress. I now execute this pledge with my signature and BJP Official Seal. XXXXXXXXXX In case you take this pledge before May14, 2009, I assure you I shall cast my vote in favor of your party in current elections. Ravinder Singh Inventor & Engineer April23, 2009 The figure of Rs.7,00,000 crores I gave was the minted wealth of Ambanis through loot already reflected in stock market value but licensed loot including gas and coal to be recovered from ground and SEZ loot would add to Rs.35,00,000 crores. It was BJP that gave Ambanis licenses to build two 30 million tone refineries with free land and tax holidays in refinery surplus Gujarat , big KG basin gas reserves worth over $100b almost free. Indian Oil Corporation was made to sell Reliance Products backing down own production suffering losses. BJP approved takeover IDPL, BSES and Telecom License for Ambanis that allowed backdoor entry almost free. BJP let Ambanis raise equity from 12% to nearly 50% that provided immunity from takeovers and shareholder action. BJP prevented NRIs from taking good equity positions in Corporate including Ambanis companies. Enrichment of Reliance already is Rs.7,00,000 crores and Gas in reserve $100b and Coal mines $140b leased would add up to Rs..15,00,000 crores. SEZ loot would add Rs. 20,00,000 Crores to Ambanis Loot to Rs.35,00,000 crores. | 
