Make no mistake, 20 May 2011, is a red-letter day in contemporary Indian politics.
A serving politician, the daughter of a mighty regional satrap who is a partner in the ruling alliance, has been arrested and sent to jail for her involvement in the country’s largest scam. While we may quibble over whether the CBI would have been given the freedom to do this by the government of the day if it weren’t for the fact that the Supreme Court is directing it, there is no denying that this is not a everyday occurrence.
Kanimozhi‘s arrest is not the end of the 2G investigation and hers is certainly not the last arrest. She represents only one side of a hydra-headed scam that involves bigger corporate and political fish. Already Sharad Pawar‘s name has been mentioned in the Swan-DB Realty linkup; even bigger political names are being hissed about. Tata Teleservices and Reliance Telecommunications, the construction company Unitech, the corporate titans Ratan Tata, Anil Ambani, Venugopal Dhoot, Prashant and Shashi Ruia have all been mentioned in some form or the other. Etc.
Questions: Did you think you would see this day? Will Kanimozhi sing in concert with A. Raja? Will more politicians go behind bars? Will Niira Radia be next? Will the arrest of corporate chiefs shake the “confidence” of investors in the “India Story”? Was telecom really the “success story” it was made out to be? Will such arrests put the fear of god in politicians and businessmen? Or will it be business as usual after a few days?