Bank frauds of Rs 5.35 lakh crore occurred under Modi government: Rahul Gandhi
Modi and other BJP leaders Have strong Nexus with Adani, Ambani, Mallya groups; WebReport
Dubai, February 6; Rahul Ghandhi in a tweet in feb 2022 said that Bank frauds of Rs 5,35,000 crore have happened so far during the Modi era. He added that in 75 years there has never been such a fraud with the money of people of India, media reported. https://m.economictimes.com/news/india/bank-frauds-of-rs-5-35-lakh-crore-occurred-under-modi-government-rahul-gandhi/amp_articleshow/89549202.cms
World media is abuzz with recent scam of Adani group. Adani scam of 108$ Billion has shaken confidence of foreign investors. It is not first scam which exposes Indian billionaire nexus with Modi. A website https://www.corruptmodi.com/en/reveals that 14,305 acres of land was allotted to the Adani Group by the Gujarat government at throwaway prices for the Mundra Port and SEZ development. The land was allotted in Kutch at prices ranging from Re 1 to Rs 32 per sq mt.
Kerala Chief Minister Pinarayi Vijayan in Feb 25, 2019 launched a serious attack on the BJP-led central government and accused it of a scam in tendring five airports’ operations to Adani Enterprises.
French aircraft Rafale deal is yet another scam by Modi’s government. Modi was alleged of price escalation and favouritism towards Reliance Defence Limited.
Since Modi came into power, India orchestrated its false image as economic giant, and regional hegemon through fake news, collaborative corruption, false flag operations agsinst Pakistan. Bubble of Indian might has finally burst.
In 2018, Nirav Modi, a luxury diamond jeweller, was accused of a Rs100 billion scam.The businessman was accused of issuing fraudulent letters of undertaking from the Punjab National Bank. PNB, India’s second-biggest state-run bank, in 2018 alleged that a few rogue employees had issued fake bank guarantees over several years to help jewellery groups – controlled by Modi and his uncle Mehul Choksi – raise funds in foreign credit.
Once among India’s topmost businessmen, Vijay Mallya made a fortune from his beverage brand – Kingfisher. He then expanded the brand to airlines and Formula 1 racing. Mallya fled to the UK in 2016, when a Debt Recovery tribunal was moved against him.
The ‘king of good times’is wanted in India over a default of Rs 90 billion that was loaned to Kingfisher Airlines (KFA) by several banks.He had support of BJP
In 2019, the former chairperson and CEO of ICICI bank, Chanda Kochhar, was booked for allegedly fraudulently lending money to the Videocon group.
Kochhar was one of India’s highest-profile business leaders before she was ousted as ICICI CEO following allegations that the bank, under her watch, awarded big loans to videocon in violation of its lending policies.
Perhaps, the country’s biggest-ever lending fraud, the Dewan Housing Finance Limited (DHFL) scam case saw 17 banks allegedly cheated out of around $4.4 billion.
Earlier, without naming the firm, the CBI said it believes the company and its executives cheated a consortium of banks to the tune of Rs346.15 billion ($4.4 billion).
In 2015, The BJP government has misspent Rs 14 crore from the public exchequer only for advertising on websites which were either fake or non-existing. 234 such websites were identified. The government was misusing the public money and at the same time, unleashing an attack on the freedom of press by supporting fake websites which are propagating the ideology of the ruling party.
Yet at another occassion
During monetization campaign
Ahmedabad District Cooperative Bank (ADCB) received the highest amount of old demonetised notes, i.e., a whopping Rs 745.58 cr in just 5 days. ADCB is the only district co-operative bank to receive such a large amount. BJP President Amit Shah is one of the Directors in the bank. After 5 days, all the district cooperative banks across the country were banned from accepting demonetised notes.
In 2018, Price of ‘bajri’, a common construction material, has risen to five times its normal in Rajasthan. The reason is said to be the ban imposed on its mining by the Supreme Court.
Rajasthan Pradesh Congress Committee President Sachin Pilot alleged a major scam behind the price rise, involving development of an illegal market.
An unusual but significant increase was seen in the number of health insurance claims under the Bhamashah Swasthya Bima Yojana. Reports from the grounds later showed how most of the claims made were fraudulent. Insurance was claimed for unnecessary services, and at times for services which were never provided. Patients were admitted without biometric authentication, which helped in easily making such fraudulent claims. The govt refused to break its silence on the unfolding scam. An unholy nexus between the govt and hospitals thrives in Rajasthan under the BJP govt.