Former director of Infosys T.V.
Former director of Infosys T.V. Mohandas Pai on Wednesday said that the Centre’s strategy to unearth black money is a “joke” as the government does not have a policy, legal and intelligence muscle required to book the offenders and put them in jail without delay.
Calling it a “big failure” of the Narendra Modi government, the former chief financial officer of the Bengaluru-headquartered IT major said that better intelligence and prosecution are needed to achieve the objective as the present law is “unworkable”.
“The whole black money strategy has been a joke. The law (to unearth black money) is badly drafted and it is unworkable. Nobody will pay 60 per cent tax to stay in this country. And secondly, your black money action should be based on better policy and better intelligence,” Mr Pai said.
