It is difficult to be in Delhi and not to get to know whispers or chats about some scam or the other. More so if you are a journalist. Coming on the back of so many outbreaks of scams, I think now definitely it is a case of a scam overload. A recent short chat with a few journalist aquaintances and I come to know about something new. Apparently, there is a huge amount of unaccounted foreign money of India's big daddies and fat cats is coming into the country and then being laundered through export over-invoicing. Knowledgeable people, it seems, are all in the know. Of course, this only proves how dumb and ill-informed I am! The argument is that this is the reason for our recent rocking export growth figures, even in times of global slowdown. What about hard evidence? None. But anybody who knows how our export-import machinery and people function will not find it difficult to believe this allegation. But then other countries also do these things. Export and import figures of countries don't match with those of other countries--some people told me and they cite IMF on this. With stocks and realty markets down, this could be the new trick for money laundering. In this season of scam-exposing, I wouldn't be too surprised if some evidence got suddnely uncovered.
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