Politicians cutting across party lines on Wednesday welcomed the Cobrapost-IBN Network expose on the use of black money in Bollywood saying one needed to look at the issue seriously. Congress leader and Corporate Affairs Minister Veerappa Moily said, “We are aware of the black money problem in film industry and some use this route… we need to stem it.”
He added, “I don’t know what action I can take from the Corporate Affairs Ministry. Money Laundering Bill comes under the Finance Ministry. The question is that it is known by the entire market that black money is being used normally by some film producer. Now I have been told that they have been caught red handed by the sting operation. There are several routes through which black money comes in, I think we need to block everything by wall inserting system by which we can really stop it.”
He further said, “And I think time has come… you cannot work on the question of hidden agenda. I think whether it is the film industry or anywhere, they’ll have to work with a more transparent accounting system that alone can remove any doubts. Otherwise, few people indulge in this kind of black money racketeering in the film industry and the entire film industry will get a bad name.
Detailed news link: click here
Link to the sting operation: click here