This scam has started during the rule of UPA/Congress in the year 2011 but unfortunately came to light of the top management of PNB now and they filed a FIR. Similarly, Mr. Jayesh Shah of NSEL in connivance with a Congressi Minister from Kerala, OK Thomas indulged in a scame of Rs.5500 crores but as yet nothing has happened as Indian judiciary is a big joker. They take years and years to decide a case. Laws for bouncing of cheques and sale of attached properties must be made very stringent so that the cases are decided in a fixed time span and Judiciary must be made accountable for it.
I wonder how much of the seized jewellery will be pilfered from ED's custody. If someone steals few hundred diamond rings or earrings, it may not get noticed. Out of 5000 crore, maybe 5-10 crore would get stolen under ED's nose. Just like wheat, rice, etc is stolen from FCI godowns.
Re: ED
by bakchod on Feb 15, 2018 10:09 PM
Sadly, such incidents will keep recurring because 90% of our citizens have corrupt mindset. All political parties are affected by such crooks.
This bank like many others were always suspect. The latest entry to the suspect list is Axis Bank which, shennanigans of which surfaced during the note ban days.
You do get an upright guy like Sunil Mehta now and then, but it results in such a strong medication that it stops even a healthy growth and will result in an uptight government - accusing and abusing everyone in the rear view and focus lost on the way ahead.
It is amazing that the investors still have confidence in these kind of institutions. Maybe because we see green shoots after every burn down.
Must we learn so hard? Can't we teach honesty in profession along with public cleanliness? The mood in that sense is right. But the populace is impatient and might just explode. You can be sure the very same accused will point the fingers back at the Government and say they can't do business.
Ease of doing business in terms of set up processes might have improved, but it certainly is not easy doing business with the crooked cutting the corners at every step. That includes we hear, some among the ruling dispensation, collecting funds for the next elections.
