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Published On: Tue, Apr 28th, 2020

Saffron BJP govt waived Rs 68,607 crore of loan defaulters

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Rahul-2aNEW DELHI : The Saffron government led by Narendra Modi has waived Rs 68,607 crore of the top 50 bank loan defaulters, including Nirav Modi, Mehul Choksi and Vijay Mallya, the Congress alleged on Tuesday citing an RTI reply from the Reserve Bank of India (RBI). Rahul-2aRBI ListRBI-2RBI-3
The Congress also alleged that the government waived loans worth Rs 6.66 lakh crore since 2014 till September 2019. Congress leader Rahul Gandhi said he had asked in Parliament the names of the top 50 bank loan defaulters in the country, but the finance minister did not answer. Now, the RBI has given out the list which includes Nirav Modi, Mehul Choksi ,Vijay Mallya and many of BJP’s “friends”, he said.RBI-2RBI ListRBI-3
“I asked a straight question in Parliament- state the names of the 50 top bank loan defaulters in the country. The finance minister refused to answer the question. “Now the RBI has given the names of Nirav Modi, Mehul Choksi and many of BJP’s ‘friends’ in the list of bank frauds. That is why this truth was held back from Parliament,” Gandhi RBI-3said in a tweet in Hindi.

Congress chief spokesperson Randeep Surjewala also released the list of the top loan defaulters in the country, as per the RTI reply, and demanded answers from the prime minister on why their loans were waived. “This is a classic case of promoting ‘dupe, deceive and depart’ policy of the Modi government, which can no longer be accepted and the prime minister has to answer.”

Rahul Gandhi’s attack came after the Congress seized a response by RBI to a Right To Information (RTI) application filed by activist Saket Gokhale in which the central bank listed the top 50 wilful defaulters accused of defrauding Indian banks and loans taken out by them that have been written off.

The Indian banking system is reeling under over 10 lakh crore in bad debt, according to news agency Reuters, that has been brought into sharp focus after a number of incidents of billionaires fleeing the country to escape prosecution in recent years and disastrous financial crises at high-profile institutions.
While the opposition has questioned the proximity of the BJP to the rogue businesses and their owners, the government has blamed most of the scandals on the Congress that was in power before 2014, saying it had only helped uncover the scams.
(With Agency Inputs).

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