Scams & Frauds - WHERE IS THE MONEY
Bank of Maharashtra reported the highest number of frauds (3,893), followed by ICICI Bank (3,359) and HDFC Bank (2,319). In terms of quantum, PNB (₹2810 crore) Bank of India (₹2770 crore) and SBI (₹2420 crore) fared the worst.
WHERE IS THE MONEY. WHY NOT RECOVERED IN IT'S TOTALITY.
Similar is the case of Fodder Scam and NPA worth several Lacs of crors of rupees.
It is the Public money, wealth of Nation.
Culprits though convicted in few cases the Million dollar question of Recovering he Amount is still unchecked, unanswered.
SURELY EFFORTS MIGHT HAVE MADE BUT STILL THERE IS SCOPE TO PLUG THE LOOPHOLES.
Contrarily, simple FIR won't get registered in police station, even to the special cell of ACB for years together and the culprits are Scot free in their illegal acts and activities in incremental manner for decade.
IS THERE ANY END IN NEAR FUTURE. CURRUPTION FOREMOST PROBLE - required extra drive to eliminate.
As if the Bank personnel's are not aware anything about the financial background of the frudustars.
Surprisingly the fact remained that there is minimal / No recovery till date.
You may name it to have it any of the fraud. more
The highest Authority also confirmed the "Phone Pe Loan" given by the Banks and Financial Institutions to the Selected Business Houses and the TOP MOST defaulter alone has to Own Rs. 1.75 Lacs Crors of rupees - Singly.
How the Bank and Financial Institutions had given this Money without required Securities and by violating the Standard Procedure and Banking NORMS.
How, By Whom, to whom, why these money was given is still abeyance.
PM assured the Nation that Not a single Pai will be speared and Govt will make all efforts to recover the money.
This is Grate commitment .
At the same time this Money by the Bank Officials who also enjoyed the Speedy promotions, Lucrative Postings and hefty Perks are still at large, Scot free, even today.
All these Personnel's MUST be brought under the ambit of Law as they are also Hands in glove with the Culprits.
So also the Officials of the Governing Authorities, including Auditors and Vigilance officials as they NOT ONLY FAILED BUT INTENTIONALLY AND DELIBERATELY AVOIDED TO PERFORM THEIR DUTIES AND RESPONSIBILITIES.
HENCE RESPONSIBLE AND ACCOUNTABLE. more
This is why , A CJI had tears in his Eyes ; A CJI opted Joint Meets with Executive ; A CJI Commented on Convicted Politicians Organizing the Political Parties , making his Proxy to Rule ; Press and Media is the Mother .
Inability in delivering Justice since from 90s, Inability in Timely Justice since 1975 , RESULTED IN LOOT OF LAKHS OF CRORES as are found by both the RBI and, the Parliamentary Committee .
The President of India only can direct Judiciary and Supreme Court in such unjustified and undemocratic stature of Governance . more
NEWS : The MD and other high profile Personnel's of Bank of Maharashtra are Arrested.
Good news indeed.
Let's hope for the others more
Bank Staff are still concealed . more
This issue has not only spoiled Healthcare and Educational Institutions but also RESULTED IN FISCAL FRAUDS IN THE BUSINESSES , MANUFACTURING AND, THE BANKING TOO .
The 2nd main issues is that the Indian Rulers purposefully set aside the Regulations while opting Funding of these Banks when these Banks that lent to such Businessmen at set NEXUS FACE DRAINED FINANCES DUE TO NON REPAYMENT OF LOANS TAKEN BY THESE SELECTED INSTITUTIONS.
The Auditors, Supervising and Managing Teams whatsoever called had grossly neglected in PROCEEDINGS OF LOAN RECOVERY AND HABITUATED TO ACCRUE TILL SICKNESS CALL FOR EITHER FUNDING BY GOVERNMENT OR, WRITE OFF UNDER " Bad and Doubtful Debts " that provided in Accounting System .
All these Auditors, Supervisory and Managing Executives, Vigilance Staff together the personalities of Finance Secretariats and Ministries ARE TO BE SET FOR STRICT PUNISHMENT AND SEIZURE OF THEIR WEALTH AND INCOME TO BRIDGE THE SET LOSS OF GENERAL PUBLIC AND THE NATION . more
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