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Tuesday, 27 December 2016

WHO WILL TAKE THE MONEY BACK FROM THESE SUPER RICH BANK DEFAULTERS OF INDIA?

#Rbi #BankDefaulters #IndianGovt. #BankLoans #IndianConstitution #BadDebt #

WHY ARE RBI, INDIAN BANKS AND GOVT. HELPLESS TO RECOVER MONEY FROM BANK DEFAULTERS?

The bank defaulter's list is alarmingly growing huge in this country every year and there are not only corporate houses in this list but politicians as well who run companies in the name of their family members, relatives and friends. You may be surprised to know that these companies owing massive money to Indian banks are owned by richest people of this nation and yet they don't have any intent to pay back money which runs in almost 8 lac Crores as is often discussed in new debates.

ORGANIZED LOOT OF BANKS AND CORPORATE HOUSES OF PUBLIC MONEY

The opposition claims the present BJP govt. is hand in glove with these super rich people of India and the DEMONETIZATION IS NOTHING BUT THE SCAM OF EIGHT LAC CRORES of present government to offer momentary relief to our banks and to strengthen economic power and to safeguard these rich people who have made our bank almost wealth less over a long period of time. And these people are supposedly close to PM Modi, claims Rahul Gandhi openly in his almost every rally.

To deceive the banks and the government of India, some super rich defaulters of the bank have adopted an infamous modus operandi that take huge loans for various projects in the name of development and never pay the banks back. This organized plunder by super rich Indians has been going on for decades in this country and RBI, our govt and our judiciary have taken literally no strict action against them to recover it. Every Indian government is to be blamed for this massive non recovery of huge money that has piled up into an economic threat to India that belongs to all of us Indians.

Let me put light over a fantastic example of RBI's cleverness here to avoid embarrassment. When Chief Justice T S Thakur who had taken suo moto cognizance of Indian Express report that 1.14 Lac  Crores of Bad debt had been written off by State Owned Banks, RBI had filed an affidavit with the list of bank defaulters who had taken over 500 Crores' loan in response to the reply that was sought by Supreme Court Bench. While handing over the list, RBI said, "it was extremely necessary to keep these names confidential because otherwise it would dent the fiduciary (Trust) relationship of RBI and Banks." Why should RBI defend the helplessness of such banks who can not recover money from super rich defaulters in the first place who are leading lavish lifestyles? The court remarked that RBI must uphold the public interest than that of the individual banks.

On one side our banks are showing their utter helplessness to recover these massive loans and on the other side our banks pressurize poor farmers and middle class for meager one or two lacs' loans to such and extent that they find eternal peace and solace by committing suicides to get rid of mental tortures. Why does our Indian constitution closes its eyes especially for these super rich community of india as if the laws do not apply on them. Who says laws are equal for every one in India?






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