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Showing posts from March, 2018

Another Scammer of India | Nirav Modi

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New Scammer of India After a full week of research and allegations on the Rs 11,300-crore Nirav Modi scam, government officials are no closer to finding all those who were responsible. Clearly, bank officials and their political godfathers are all corrupt. Openly, our banking systems and administration are full of loopholes. But still we have no big names yet. Gitanjali Gems and many other corporations are under the scanner along with Nirav Modi. A massive bad debt of over Rs 3,000 crore by pen-maker Rotomac has suddenly been exposed. Everyone is fuming that these businessmen could borrow such enormous sums, often without collateral or any indemnity. Now, who is guilty?                                               Well, everyone, and I also think so that finance minister is responsible for all the major scams arising. No finance minister can be expected to administer every bank deal, but the liability stops at the top. This relates both to the current finance minis