The title of the FATF i.e. Financial Action Task Force report is- “Money Laundering and Terrorist Financing in the Art and Antiquities Market”. This report has heated up the political atmosphere of the country. BJP has become an attacker on Congress.
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Union Minister Anurag Thakur has taken a dig at the Congress and demanded that Priyanka Gandhi come clean on the matter. FATF recorded in the report of Mr. ‘A’ Who are they after all? In a scathing attack on the Congress, Anurag Thakur said that new models of Congress corruption are coming to the fore. Anurag Thakur also asked that in exchange of money and painting during the tenure of UPA Padma Bhushan given?
They said that FATF has published a case study showing how a former Union minister in the UPA government pressured a man into buying a mediocre painting from Priyanka Gandhi Vadra for Rs 2 crore. Anurag Thakur further questioned that how many other such national honors were sold during the UPA government?
What is in the FATF report?
Financial Action Task Force (FATF)FATF)’s report is titled “Money Laundering and Terrorist Financing in the Art and Antiquities Market”. This report has heated up the political atmosphere of the country.
It added that “the market has attracted a lot of criminals, organized crime groups and terrorists who seek to launder the proceeds of crime and finance their activities. The transactions also involve cash, use of third party intermediaries, shell companies and other corporate structures.
What is this ‘art-gate’ in the case study?
The report states that – “A money laundering investigation has revealed that mr ‘a’ used his influence to set up a loss-making entity, the company ‘B’ was done to sanction the loan. Further investigation revealed that the company ‘B’ the company ‘C’ gave loans to 79 shell companies including Mr. ‘A’ and was owned by his daughters. company ‘C’ secured $79 million and used part of the money to buy assets including art from famous painters and influential people.
Reports state that Mr. ‘A’ Invested a huge amount in buying paintings of famous artists and investigation revealed that he had bought around 44 paintings.
The report further states that India’s Mr. ‘A’ has also received awards and accolades from various organizations through unfair means.Investigation revealed that Mr. ‘A’ bought mediocre art from politicians and in return paid them huge bribes through banking channels.
Padma Bhushan was also sold during the Congress rule.
Who are the people involved in using that money to buy Priyanka Gandhi’s painting for 2 crores by pressurizing former Yes Bank CEO Rana Kapoor?
Who is R in this purchase transaction?
Why is Gandhi family silent on FATF report? pic.twitter.com/VcLtavGuDJ
— Anurag Thakur (@ianuragthakur) Mar 13, 2023
Who is Mr. ‘A’ in the report?
Case Study Mr. ‘A’ bought the painting from a close relative of a member of the ruling political party at the time. Investigation also revealed that this price was not for art but for a prestigious civilian award.Padma Bhushan‘ There was a bribe to get. This investigation is going on. Mr ‘A’ He is in judicial custody since March 2020.
Enforcement Directorate (Ed)’s charge sheet last year said that Rana Kapoor had paid Rs 2 crore by check for a painting by MF Hussain. It has also been said in the ED report that Congress leader Milind Deora convinced Rana Kapoor to buy the painting. Significantly, Rana Kapoor is in judicial custody in a money laundering case of Rs 466 crore.
What is FATF?
The Financial Action Task Force (FATF) is an organization monitoring global money laundering and terrorist funding. It sets international standards to prevent these illegal activities and the harm they cause to society.
