Swamy Makes 6 Allegations Against Rajan, Asks Modi to Sack Him
Subramanian Swamy (left) and Raghuram Rajan (right). (Photo altered by <b>The Quint</b>)
Subramanian Swamy (left) and Raghuram Rajan (right). (Photo altered by The Quint)

Swamy Makes 6 Allegations Against Rajan, Asks Modi to Sack Him

BJP MP Subramanian Swamy levelled six allegations against Reserve Bank of India (RBI) governor Raghuram Rajan. Swamy alleges that Rajan has sent confidential and sensitive financial information around the world using Chicago University’s email ID, publicly disparging the BJP government, and even asked Prime Minister Modi to sack him immediately.

Swamy wrote a second letter to the PM, in which he says that Rajan should have known the “inevitable consequence of rising and high interest rate and his policy was wilful and thus anti-national in intent”.

Also read: Raghuram Rajan ‘Mentally Not Fully Indian’ Writes Swamy to PM Modi

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Swamy’s Allegations Against Rajan:

  • Disparaging the BJP government by sending confidential information around the world.
  • Anti-national in intent due to raising of the interest rate forcing recession on domestic industries.
  • Rajan in making mandatory trips to the US to renew his green card.
  • Disparaging the BJP.
  • Rajan in part of a US group of 30 engaged in dominating US’ position in the economy.
  • Rajan does not have a patriotic and unconditional commitment to India and his position as governor of RBI

Swamy alleged that Rajan raised interest rates to force recession on domestic industries, permitted Sharia compliance on financial organisations despite RBI Act not permitting so, continued to hold on to his US Green Card and sent confidential and sensitive financial information around the world.

Despite holding a sensitive and very high government of India post, he has continued annually to renew his Green Card by making the mandatory trip for at least one day residence in the USA. Such pejorative sarcasm against the government is a violation of the rules governing public officials and conduct unbecoming of such an official.
Subramanian Swamy in the Letter

Rajan, he further alleged, is a member of US dominated Group of 30 which is engaged in defending America’s dominant position in the global economy.

Rajan, Swamy claimed, has been sending confidential and sensitive financial information using unsecured Chicago University email id and publicly disparaging the BJP government.

This is a reckless disregard of the national security interest of India.

Recalling how the crisis in Japan and East Asia led to strong dominance of the US in the region, Swamy said:

This seems now also the modus operandi of Dr Rajan in his strangulating the small and medium industries by untenable high interest rates.
Swamy in the letter

This is Swamy’s second letter in a fortnight to the Prime Minister.

(With inputs from PTI)

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