Saturday, November 13, 2004

The Montek Connection

The Montek Connection by Prashant Bhushan.

    "Though Ahluwalia may not have been the beneficiary of Enron’s $20 million educational expenses, and was interested in the Enron project as he hoped that it would create a "favourable psychological impact for foreign investment in the power sector", it is clear that he was eager to push the IMF/WB privatization and globalization agenda in India even at the risk of serious financial imprudence. To this end he not only appears to have participated in the conspiracy to bypass the financial examination of the project by the CEA, he even ignored the financially prudent advice on this project of the World Bank itself. Alas, to such men we have entrusted the economic policies of the country. That is the misfortune of this country."


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