What about Madhu Koda? Is his money safe now? Earlier, he didn't trust Indian banks and kept his money in Swiss Banks alon with Laloo. He had planned to establish his own bank called KODA'S PARADISE out of the money amassed by him. He had talked to all scamsters and international terrorists to park their money in his bank. NOW WHAT WILL HAPPEN TO HIS PLAN?
Re: Koda's Paradise
by Dev on Nov 12, 2009 02:13 PM
Leaders from Jharkhand ,Bihar and UP have always cheated them and made the citizens of these states almost beggars in other states. These leaders must be publicly hanged in Taliban style and then bring revolution. I think Naxals are far far better than these leaders - at least they have some ideology to fight. These state leaders have no ideology at all except to some extent Nitish Kumar in Bihar.
Re: Re: Koda's Paradise
by ravikanth mucharla on Nov 15, 2009 03:26 PM
I strongly agree to your point.These states never develop as long as notorious leaders like madhu koda, laloo(lately got famous for so called turning round Indian Railways.)are alive.Actually talibans, & other terrorists should target these so called Leaders.
Ms Pratibha Patils family is accused of amassing wealth in this very fashion, the co-op bank that her family/husband used to run, closed down after giving out loans to their own people. This is what is alleged!
Re: The insurance company will also declare bankruptcy
by Dev on Nov 12, 2009 02:14 PM
there are companies who insure the Insurance companies - Called " Assurance companies " who are primarily guaranteed by Govt Bonds . That answers your question.
Re: The insurance company will also declare bankruptcy
by Chris Martin on Nov 12, 2009 02:30 PM
It happened to AIG - when it really went bankrupt.. the Fed or US govt or whatever poured in more dollars. Similar would be the case here in India..
