Mr Ganpati Raman is right that CBI should watch the independent directors. This is handy work of CA firms or directors from CA back ground. CAs have lost their charm in their basic duty but are more interested to work as consultant, resultant fell as middleman. Most of the bank do not check the genuineness of SALES and Current assets. Most importantly all banks are after AGRI-BASED industries just to fulfill the landmark target of 18%. I was just going through balance-sheet of REI Agro..You can see how many banks are involved. Do you feel there is proper check on the sales of the company and it is not manipulated. Do not know genuineness of the export achievement by the company or these sales figures are inflated to take from money from the banking sector. See the case of ICSA.. how this listed company be-fooled the bankers.
CBI and CVC with the help of some dependable FINACIAL PERSONS go into the deep and expose the MIDDLEMAN role in the banks or any FIs.
I congratulate Mr Ranjit Sinha, Director CBI to trap the laid. more