Congress Alleges Rs 5 Trillion Bank Fraud Under BJP Govt

Date:

Congress leader said Modi government has weakened the banking system by allowing the fraudsters to either continue functioning in the country or leave the country without making any efforts to recover the fraud amounts.

NEW DELHI — The Congress on Monday alleged that bank fraud to the tune of Rs 5 trillion, equal to Rs 4,98,677 crore, has been committed during the NDA government. The Congress has accused the government of weakening the banking system.

Addressing a press conference Congress leader Gourav Vallabh asked three questions from the government, “Why has the government failed to curb the bank frauds in the last 7 years? What is the government doing to recover the amount involved in these bank frauds? How much amount has been collected from these fraudsters who are weakening our banking system?”

He said the Modi government has weakened the banking system by allowing the fraudsters to either continue functioning in the country or leave the country without making any efforts to recover the fraud amounts. It has also not provided enough capital support to the banks.

The Congress party urged that the Modi government should handle these fraudsters with an iron fist and make sure that the entire amount, that belongs to our nation, be recovered as soon as possible

“The Reserve Bank of India (RBI) released its Annual Report for the year 2020-21. While it lays out the state of the economy currently, it points out certain alarming statistics. The failure of the Modi government in controlling infections due to the second wave of COVID-19 is denting a heavy blow again to the economy,” the Congress said.

According to the RBI, “the March 2021 round of the Reserve Bank’s consumer confidence survey (CCS) showed a worsening consumer sentiment on the back of deteriorating sentiments on general economic situation, income and prices,” he said. — IANS

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Subscribe

spot_imgspot_img

Popular

More like this
Related

Why U-turn on Rohingya, Asaduddin Owaisi Asks Govt

Owaisi demanded to know why the Union home ministry...

Allahabad HC Questions Delay in Registering Crime Against Women Cases

PRAYAGRAJ -- The Allahabad High Court has questioned the delays...

CBI Seizes Documents, Devices During Raid at Residence of Delhi’s Deputy-CM Manish Sisodia

CBI teams were also raiding the house of former...

Demolition Drive Triggers Midnight Tension in Andhra Town

The local residents staged a strong protest. They argued...