In 2010 (UPA-II) a consortium of 17 banks led by SBI, lent Rs 7,000 crores to Vijay Mallya ostensibly to overcome financial crisis. The banks have been able to recover only a fraction. Rest is waiting to be written off as bad debt. All at cost of tax payers.
Self-respecting farmers unable to repay loans, are committing suicides. The filthy-rich hate to commit suicides as they can manage by manipulating. It is an open secret that loan was granted on orders from the high and mighty in Delhi, bypssing the standard operating procedures. No safeguards.
The CMDs and Boards members who sanctioned the loan, have not even been show-caused, let alone arrested. All were rewarded with post-retirement placements by UPA-II .
Vijay Mallya, the king of Good Times is privy to all those who helped him.
He has photographic and other documentary evidences confirming lavish hospitality enjoyed by the politicos, bureaucrats, bankers, the journos and other high and mighty of the Congress party.
Arrest Vijay Mallya and his son immediately.
Truth will come out in no time.
Why is Modi sarkar scared to initiate action ?
Degenerating into UPA-III, perhaps.
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