We use cookies to provide some features and experiences in QOSHE

More information  .  Close
Aa Aa Aa
- A +

Needed, massive crackdown to cleanse banking system

3 0 0
The UPA era coal and 2G scams have inured us to large numbers. Therefore, the scale of Nirav Modi’s Rs 11,400 crore banking fraud took some time to sink into the public consciousness. Besides, people were not at once clear of his exact modus operandi and the potential ramifications of the fraud. But once they understood, everyone from politicians and journalists to social media warriors came out with all guns blazing, mostly trained at the Government.

In no time, pictures of Nirav Modi with the Prime Minister at the recent World Economic Forum conference at Davos went viral on WhatsApp, notwithstanding the official clarification that he was not part of the entourage but just a paid delegate. That he shares the same surname with the PM has added zesty tadka to the conspiracy theories. Soon a video clip of Nirav Modi’s uncle, Mehul Choksy, attending an event at the Prime Minister’s residence also started doing the rounds in digital space.

[IMPORTANT] Tripura election live updates: Polling begins for 59 out of the total 60 seats

Apart from a statement by Financial Services Secretary at the initial stages, when he curiously called the massive siphoning “an isolated incident”, Government officials and Ministers have remained conspicuously silent, leaving it for the PNB CEO to do the talking. Spokespersons of the BJP tried to valiantly defend the Government on television, taking the stand that the fraud commenced during the UPA era and was detected under the NDA regime which has been trying to clean up the banking sector. They also produced pictures of Rahul Gandhi........

© ABP Live