FAKE IN INDIA: BANKERS ARE PLAYING FIDDLE(SLEEPING) WHEN THEIR ASSETS ARE BURNING TO SCRAPS, BUT CVC SUPPORT THEM

IN CONTINUATION TO MY BLOG DATED 19/06/2015 UNDER THE CAPTION: ‘MAHARASHTRA CHIEF MINISTER ASKS CRIMINAL PROCEEDINGS AGAINST ERRING BANKERS’.

As reported in the DNA newspaper dated 10/07/2015, under the caption: ‘Banks to take possession of ...assets’, bankers are totally callous in nature to take action against the bigwig defaulters of loan repayment running into millions and billions on the simple theory that Government will recoup them from the public exchequer accumulated from beggars penny (Refer to my earlier blog of June under the caption ‘ROBBING THE POOR TO FEED THE RICH - THE GOVERNMENT WAY’ and ‘FINANCE MINISTRY AWARD TO ERRING BANKS’) to pay off the rich defaulters and to pay dividend to the shareholders.

According to the report, a consortium of banks under SBI Cap would soon take over the custody of about 40 vehicles and a personal jet of ………. But the funny thing is that, the SBI Cap acted apparently after media reports claiming about airport operator Mumbai International Airport Limited (MIAL) selling these assets as junks to recover its due of about Rs53 crore from the now-defunct …. .

The report further said that “a source in the bank has revealed that soon after the media reports, when they approached MIAL for assessing the assets, the airport operator started showing hesitance. dna had in its May 7 edition reported about MIAL issuing an open tender to sell the 39-odd vehicles as junk. The operator has earlier sold off one personal jets to a Sakinaka based junk shop owner, reportedly for Rs 22 lakh.”

The report further says, “MIAL officials, however, have a different version. An official said, “We have been writing to SBI Cap since past two years, but received no response. Hence, in order to clear the place where these abandoned assets are lying, we had decided to sell them. It’s good that now with the court order, the space will be freed for other operational works.” He added that the operator wouldn’t have got anything substantial by selling the assets as junk.”

According to the report, the defaulter owes over Rs 7,000 crore to bankers.

However, in a recent newspaper report, the CENTRAL VIGILANCE COMMISSION advised his men to go slow on prosecuting the erring bankers.

But think of a petty loan default from a common man due to oversight. Next day goons hired by the bankers would appear on his door steps or on the way while he was driving the car and take possession of the car.

Read my book - A FRAUD IN THE INDIAN CONSTITUTION- : www.amazon.in/dp/9352353986