BLOCKCHAIN, BITCOIN VALUE SKYROCKETED ONLY BECAUSE OF CAPITAL FLIGHT CLANDESTINELY ALLOWED , AFTER INDIAs DEMONITISATION, PART 17 - CAPT AJIT VADAKAYIL

Diamond traders have a modus operandi. They file false cases against select customers and agencies to smother them mentally. They have help from judges/ lawyers. All of them operate dozens of SHELL companies

ROUND TRIPPING in diamonds (or repeated export and import of same polished diamonds) is wherein traders undertake a series of exports and imports of the same goods for the purpose of receiving greater bank financing.

Hypothetically, if a parcel made five round trips it means that for every $1 million worth of polished goods, the exporter got $5 million in financing.

ROUND TRIPPING is DELIBERATELY allowed for big corporate businesses ( who donate to the ruling party ) which bring back their black money through bogus shell companies . These funds are invested in the economy as FDI.

Round-tripping ( phudia ghumao ) of diamond consignments from one market to another is practised among the diamond trading circle in Mumbai. The bogus trade enables a diamond trading company to artificially inflate balance sheets for raising loans.

Bank managers get bribes in foreign accounts or get paid in Bitocin for services rendered . This is why maximum Bitcoin acitivity happens in Surat—the ADDA of crypto Jew diamond traders

There is a clear link between round-tripping and bank financing.This is NO big secret. When you donate to both ruling and opposition parties you can get away with anything.

ROUND TRIPPING is a phenomenon by which Indian individuals and companies avoid tax by sending funds abroad and then bringing them back on to home soil via Mauritius-based companies. Much of the investment into India via Mauritius over the last 15 years is believed to have been by CORRUPT Indian residents—all BIG FISH

Signed in 1983, the Double Taxation Avoidance treaty between the two countries made Mauritius, which taxes capital gains at near-zero rates, an attractive “post box address” for foreign investors to route investments into India Indians who evaded taxes set up shell companies in Mauritius, concealing identities and channeling cash or stock market investments through “round tripping” and “participatory notes”

The Securities and Exchange Board of India (Sebi) tightened the norms for participatory notes (P-notes) in order to check misuse of these instruments in round-tripping and money laundering.

Mauritius had become the top source of FDI into the country only due to ROUND TRIPPING.

Mauritius had been the source of more than 37% of all foreign direct investment inflows into India between 2000 and 2015.

Few months ago, India and Singapore signed a pact for amendment of the Double Taxation Avoidance Agreement (DTAA), in a bid to curb illegal hoarding of money and to prevent round-tripping of funds, misused for tax evasion. This was done for Mauritius and Cyprus earlier

A special-purpose entity (SPE; or, in Europe and India, special-purpose vehicle/SPV, or, in some cases in each EU jurisdiction – FVC, financial vehicle corporation) is a legal entity (usually a limited company of some type or, sometimes, a limited partnership) created to fulfill narrow, specific or temporary objectives.

SPEs are typically used by companies to isolate the firm from financial risk. They are also commonly used to hide debt (inflating profits), hide ownership, and obscure relationships between different entities which are in fact related to each other.

Normally a company will transfer assets to the SPE for management or use the SPE to finance a large project thereby achieving a narrow set of goals without putting the entire firm at risk.

SPEs are also commonly used in complex financings to separate different layers of equity infusion. Commonly created and registered in tax havens, SPEs allow tax avoidance strategies unavailable in the home district.

Round-tripping is one such strategy. In addition, they are commonly used to own a single asset and associated permits and contract rights (such as an apartment building or a power plant), to allow for easier transfer of that asset.


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