The I-T dept perked up its antennae after Ramalingam's application to the Petroleum and Chemicals Ministries, seeking sanction to set up a Rs 1,000 crore crude oil refinery in Ramanathapuram district of Tamil Nadu. The issue also brings to light the varying nature of Black Money that foxes experts. If a small trader can manage to hold on to 28 thousand crore worth of international bearer bonds, then what may be the condition in bigger cities? The govt is guilty of not effecting a truthful crackdown on black money holders. Every time a document or expose crops up, there is an initial momentum that is soon lost.
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