The Congress held a press conference by spokesperson Pawan Khera wherein he slammed the Modi government for various ases of banks being defraud over the past eight eyars. As per a report by Business Today based on an RTI reply by the RBI, there were 229 bank frauds per day on average in 2020-21. The proportion of amounts defrauded vs. recovered has also skewed sharply towards non-recovery, with only 0.7 per cent of the amount recovered in 2020-21.
Bank Frauds And NPAs In 8 Years
Pawan Khera said that bank frauds worth ₹5.35 lakh crores ad been committed in the past eight years. ₹8.17 lakh crore rupees have been written off as ‘bad debts’. The NPA’s (Non-performing assets) of banks have increased by ₹21 lakh crore.
Khera said that “this is the first time that after a delay of five years, the accused is given full opportunity to run away”, and that “they gave five years to the man who defrauded 28 banks… to sort out their mess and run away”. He said that after opposition pressure, the Stae Bank of India (SBI) complained to the CBI twice in a letter, but there was no investigation, and took years to register an FIR under Congress pressure.”
The two letters by SBI to CBI were dated November 8th, 2019 and August 25t, 2020.
He said that the Congress had alerted the governmetin February 2017 that Rishi Agarwal would soon abscond in the bankruptcy proceedings on ABG Shpiyard Ltd. by NCLT, of which he was the chairman and managing director. Khera further said that in 2007, Narendra Modi as the chief minister of Gujarat allotted 1.81 acre land ‘out of turn’ in Surat’s industrial area to Rishi Agarwal which was objected to by the CAG at deflated prices.
Khera also said that the government is “institutionalizing fraud and bank robberies” by means of “collusion” between the NCLT and “so-called bankrupt companies”.
Latest Videos
