hey folks,
enough of blowing my own trumphets.. now a bit of serious stuff... this is about the recent media's scapegoat -Natwar Sing and volcker report... some basic stuffs.. so check out n don't forget to comment....

Disclosure by the Volcker report that external affairs minister Natwar Singh and congress party are ‘non contractual beneficiaries’ in Iraq Oil Voucher scam had made BJP breathe easy. But the Congress is still hopeful of clearing its name. It is waiting for a word from Paul Volcker of Eponymous Committee for the documentary evidences.
Volcker’s allegations are based on the documentary evidences of the Iraq government’s State Oil Manufacturing Organisation that was taken over S after its Iraq invasion. The report, which was produced on Oct 27, says Mr.Singh was allotted two million barrels each in the contract.
Volcker was reported saying that all the names in the paper are personally informed while Natwar refused any such information. Later, Volcker said that he was doubtful whether Natwar Singh was informed about it, which made congress to heave a sigh of relief. Congress said it would ask for a ‘comprehensive apology’ if its names were cleared.
Another reason for Natwar’s suspicion is his son, Jagat singh’s contacts with Andy Sehgal who played a key role in Volcker report allegations. He is alleged to have close contacts with Jagat Singh. Enforcement Directorate is questioning Jagat Singh and his disclosure regarding these allegations is expected to be the name of the game.
Meanwhile, congress party has decided to play safe. The Prime Minister Manmohan Singh held a core group meeting that included defence minister Pranab Mukherjee, Union Home minister Shivraj Patil, Union finance minister P.Chitambaram and law minister H.R.Bharadwaj to discuss the appointment of an independent inquiry committee into the allegations made in the Volker Committee report. The congress party is divided about Natwar’s resignation with one section insistent that this was necessary to prove the impartiality of the party and save the skin of the party.
Another major tempering in the party is the growing importance of Pranab Mukherjee. Of late, he has become the most sought-after personality of congress. In fact, he formulated the government view on these allegations. He was expected to take over the external affairs soon but he made it clear that he would not move to external affairs as he was contented with the defence portfolio. The reasons for this may be because of Arjun Singh’s disposition, Natwar’s alleged private practise or doubts over Shivraj Patil’s ability.
Unless Natwar clears his name and proves that his son has nothing to do with Sehgal, the congress has to tough time ahead. No doubt Natwar’s allegations are a Gordian knot for the committee. But if the knot is untied, many big guns of many political parties will be hornet’s nest.