Read on Twitter
Thread on how Aadhar is enabling issuance of fake PAN no. & thereby, money laundering
In March 2017, the govt made it mandatory to link the PAN to Aadhaar no. to file Income Tax Returns to allow the PAN to remain valid. 1/10
In March 2017, the govt made it mandatory to link the PAN to Aadhaar no. to file Income Tax Returns to allow the PAN to remain valid. 1/10
According to the IT Dept’s website there was a 15.7-fold increase in PAN allocations from 2014 to 2019
Until March 2014, there was a steady increase in no. of PANs allotted using DOCUMENTS OTHER THAN Aadhaar as id proof. 2/10
Until March 2014, there was a steady increase in no. of PANs allotted using DOCUMENTS OTHER THAN Aadhaar as id proof. 2/10
But after 2014, the no. of PANs allotted on the basis of Aadhaar soared disproportionately. A total of 44% (207 million) of PAN nos. had been allotted using Aadhaar as id proof
But no one, not even UIDAI, certifies the demographic or biometric data associated with Aadhaar 3/10
But no one, not even UIDAI, certifies the demographic or biometric data associated with Aadhaar 3/10
The UIDAI has also confirmed that it has no info about
▪︎ the enrolment operator/agency/registrar issuing Aadhaar no., or even their location,
▪︎ if the enrolment operator was in the same village or town as the person enrolled 4/10
▪︎ the enrolment operator/agency/registrar issuing Aadhaar no., or even their location,
▪︎ if the enrolment operator was in the same village or town as the person enrolled 4/10
▪︎ the primary documents that were used to establish the id, address, residency status, or age of a person who has been allotted an Aadhaar number
At least 58 cr Aadhaar nos. appear to have been allotted without verifying even 1 primary id document, making them suspect 5/10
At least 58 cr Aadhaar nos. appear to have been allotted without verifying even 1 primary id document, making them suspect 5/10
In 2017 it was found that LPG subsidy of about 167.8 crore due to 37.21 lakh consumers was deposited into bogus accounts, without the knowledge of the consumers!!
So fake accounts can be opened using Aadhaar nos. alone, without the knowledge of their genuine holders. 6/10
So fake accounts can be opened using Aadhaar nos. alone, without the knowledge of their genuine holders. 6/10
It also shows that money can be siphoned off with the help of Aadhaar nos., genuine & fake.
Aadhaar linkage to PAN has increased the no. of PANs allotted but not a proportionate increase in tax payers. So obviously they were issued for reasons other than paying tax
7/10
Aadhaar linkage to PAN has increased the no. of PANs allotted but not a proportionate increase in tax payers. So obviously they were issued for reasons other than paying tax
7/10
Aadhaar nos. were also allotted using PAN as a proof of id, so if a fake PAN was used to obtain Aadhaar, linking Aadhaar cannot distinguish fake PANs from genuine ones
Aadhaar is linked to financial instruments, it also enables money transfers 8/10
Aadhaar is linked to financial instruments, it also enables money transfers 8/10
using Aadhaar payment systems that have volatile mapping to bank accounts. This makes money transfers untraceable, facilitating money-laundering
Aadhaar does not establish anyone’s identity. And contrary to govt’s claims, Aadhaar linkage is generating fictitious PANs &
9/10
Aadhaar does not establish anyone’s identity. And contrary to govt’s claims, Aadhaar linkage is generating fictitious PANs &
9/10
facilitating money-laundering & siphoning off subsidies, benefits and services from the Consolidated Fund of india. End 10/10 https://www.epw.in/journal/2020/35/special-articles/curious-case-pan%E2%80%93aadhaar-linkage.html
