HDFC BANK, CASE 21: CHAMPA G, ASSISTANT MANAGER; SHIVRAJ, BANGALORE, KARNATAKA
OPERATION RED SPIDER, PART- 1

HDFC BANK, CASE 21: CHAMPA G, ASSISTANT MANAGER; SHIVRAJ, BANGALORE, KARNATAKA

Cobrapost |
July 26, 2011

HDFC Bank, Case 21: Champa G, Assistant Manager; Shivraj, Bangalore, Karnataka


HDFC Bank, Case 21: Champa G, Assistant Manager; Shivraj, Bangalore, Karnataka

Once the black money is invested, Shivraj says, “Ek baar yahan pe investment hone ke baad paisa invest ho gaya baad mein isko koi nahi bol sakta yeh black money hai. (Once the money is invested here, or the investment is made, then nobody can say that this is black money).”

When Assistant Manager Champa G comes to know that this visitor to HDFC Bank branch in Bangalore has come to invest Rs. 50 lakh of black money, she promptly seeks out her colleague Shivraj. Initially, both play it safe, but as the conversation progresses, they began opening up, suggesting the Cobrapost journalist should invest in parts and invest in gold too.

Champa first sought a PAN card for obvious reasons: “PAN card hai aap ke paas? Aap ek kaam kijiye Sir, aap na isko divide karte jaiye. PAN card to dena hi parega. Dekhiye bank ka kya hota hai sirf aapka amount jo 50,000 se zyada hota hai, wo as per RBI bank mein dikhana hi hota hai aapko. PAN card to dena hi parega aapko. PAN card yahan pe hum update karenge. Lekin parts mein divide karte jaiye (Do you have a PAN card? Do one thing, Sir, divide it. You will have to give PAN card. See what happens with the bank is that if the amount is more than Rs. 50,000, then as per the RBI [guidelines] it has to be shown in the bank. You will have to give your PAN card. We will update the PAN card here. You can divide it into parts).”

Shivraj has his own suggestions to make: “Kaun kaun hain Sir aapke ghar pe? Brother ke naam pe le sakte hain aap. Sir, actual mein aapko itna help kar sakta hun, doh lakh ka main cash le ke kuch arrangement kar sakta hun. Ab isko doosra humare account mein daal ke isse main DD le sakta hun. Lekin usse zyada nahi hoga. Matlab aisa karna hoga aapka, aapka wife ka, aapke brother ka. Monthly wala nahin hoga option hi nahi hai (Sir, how many members you have in your family? You can do it on your brother’s name. Sir I can actually help you at least this way that I can take Rs. 2 lakh in cash and then make some arrangement. You can put it in your account with us and I can make DD from it, but not more than that. I mean we will have to do like this, in your name, your brother’s name and your wife’s name. The monthly option is not available).”

Champa adds: “Dekhiye aap ko bhi taqleef na ho, bank ko bhi taqleef na ho aise hi aap to start off … thoda minimum amount se kijiye aap … dus lakh itna mat kijiye aap. Short short mein kijiye aap … ho sake … do mahine ek mahine dobara solution ke saath aapke paas aa jaye … agar koi solution nikla to aapko problem nahi hona chahiye inko bhi problem nahim hona chahiye (See, neither you nor the bank should have any problem. So, start off with a minimum amount. Don’t do it with Rs. 10 lakh. You do it in smaller amounts. In one month or two, if possible we can come to you with more solutions so that neither you nor he should have any problem).”

Shivraj says: “Ek baar yahan pe investment hone ke baad paisa invest ho gaya baad mein isko koi nahi bol sakta yeh black money hai. Panch saal ke baad withdraw kar sakta hai. Us waqt jo bhi amount hai aapko white hoga wo (Once the money is invested here, or the investment is made, then nobody can say that this is black money. After 5 years you can withdraw. Whatever amount you get at that time will be white).”

The process of making the investment safe is explained by Champa: “Ek ek din ek ek aadmi ko dena parega. At a shot koi dus lakh nahi kar sakta. At a shot dus koi carry nahin kar sakta. Ek din aaj aapka ho gaya, kal wife ka. Cash aapko ek ek din karke dena parega. To panch jan ke liye alag alag hum kar lenge (Invest one day for one man. At one shot nobody can invest Rs. 10 lakh. No one can carry Rs. 10 lakh in a day. One day it is done for you, tomorrow for your wife. You will have to give cash every day.  So, for five persons we will do it on different days).”

Shivraj suggests that Rs. 50 lakh can be invested but in a span of 5 years and not at one go. But Champa maintains: “Filhaal jaisa yeh bol rahe hain, dus lakh daal dijiye aap. Baaki ka chaalees lakh jo pada hai.. uska hum solution batayenge aapko. Ek din humko time dijiye … hum baat karenge kya kar sakte hain. Agar kuch bhi nahi hota hai, jaisa ye bol rahe hain invest kar dijiye aap. Abhi humare touch mein rahiye aap. Ye aapko solution zaroor denge (As of now, as he is telling, you put in Rs. 10 lakh. For the remaining Rs. 40 lakh, we will come up with a solution. Give us a day, we will disuses what can be done. If there is nothing of that sort, then invest as he is saying. Stay in touch, [pointing towards Shivraj], he will definitely come up with solution).”

Invest in gold, suggests Champa, instead of putting the entire money in insurance. She says:

“Main aapko aur ek suggestion kya de sakti hun aap gold buy kar lijiye. Humare yahan gold hai. Rest gold mein daal dijiye aap. Ek baar baat karna parega. Maan lijiye kisi aur bank mein account hai hi nahin, ho sakta hai usko bhi bifurcate karke lena parega aapko. Abhi panch so gram itna main le liya. Panch so gram aise le liya. Aise covers mein jaana parega aapko. Main yeh nahi bol rahi hun ki chaalees lakh ka aap le lo. Lekin aapka account nahin hai yahan pe to aap ko ID proof aur address proof dena parega (What else I can suggest you is buy gold. We have gold here. Rest of the money you invest in gold. We will have to talk regarding it. Suppose you don’t have any account with any other bank, you may have to bifurcate it here as well.  For now, you buy 500 grams, then 500 grams some other day again. You will have to seek ‘covers’ like this. I am not telling you to purchase gold for Rs. 40 lakh. But as you don’t have an account here, you will have to give ID proof and address proof).”

Open accounts in different names, suggests Champa, to route the money for investment in insurance and gold.


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