Bengaluru, Mar 30: With a banking scam coming out on daily basis, the tax payers had lost Rs
61,036 crore due to bank frauds in the recent months, Congress Chief
Spokesperson Randeep Singh Surjewala alleged.
Speaking to reporters here on Friday, he said
the Narendra Modi government should be blamed for brazen loot of public money
in banks as ‘corny capitalism’ was under its zenith in the country but the
Prime Minister and Finance Minister maintained studied silence.
‘’Banking sectors is getting paralysed, institutional integrity of regulatory authorities were undermined, but still Mr Modi keep a silence. Fraudsters ‘fleece and fly’ under the watch of the government. Banks which hold people’s money in trust, were allowed to be brazenly looted by the likes of Vijay Mallya, Nirav Modi, Mehul Choksi and Jatin Mehta. They were allowed to flee the country,’’ he charged.
Mr Surjewala said the banking sector was in deep crisis due to the undermining of the institutional integrity and failure of regulatory institutions oversight. A select few were allowed to faking of LoU’s and not repay loans.
In the past 11 banking frauds/scams that has surfaced in public domain, the last count the total scammed amount has touched a whopping Rs 61,036 crore resulting in trebling of non-performing assets of the banking sector since 2013-14, he said. UNI
‘’Banking sectors is getting paralysed, institutional integrity of regulatory authorities were undermined, but still Mr Modi keep a silence. Fraudsters ‘fleece and fly’ under the watch of the government. Banks which hold people’s money in trust, were allowed to be brazenly looted by the likes of Vijay Mallya, Nirav Modi, Mehul Choksi and Jatin Mehta. They were allowed to flee the country,’’ he charged.
Mr Surjewala said the banking sector was in deep crisis due to the undermining of the institutional integrity and failure of regulatory institutions oversight. A select few were allowed to faking of LoU’s and not repay loans.
In the past 11 banking frauds/scams that has surfaced in public domain, the last count the total scammed amount has touched a whopping Rs 61,036 crore resulting in trebling of non-performing assets of the banking sector since 2013-14, he said. UNI
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