Scandals of PNB and other banks have sparked new concerns about corruption. The claims of transparency and good governance are scorching in their flame. It seems that Prime Minister Modi’s promises of freedom from scams have now been reduced to accusations.
The bank scandals that are coming out here have been called the scam of scandal. So far, the scam seems like a movie story. The BJP and the Congress are busy blaming each other; the ministers of the government are rendering cleanliness in front of the media and counting the examples of the Congress rule, but the fifth year of the rule of BJP has not answered for such long-term silence.
Even when newspapers, social media and certain TV media were filled with reports of these scandals, the Prime Minister was discussing the exams with the children and giving tips on confidence. He inaugurated the BJP’s largest central office, reached the Global Investors Meet in Mumbai and Uttar Pradesh, laid the foundation for the Navi Mumbai International Airport and delivered speeches in his familiar style in Karnataka and Tripura. There is no word left anywhere on their bank scandals. They did not come anywhere to believe that zero tolerance would be on scams. The scandal continued, the accused kept on making safe passages and praising the Prime Minister.
If the banks add the bad loans of various banks to the lending amount, then the liability of about 20 thousand crores comes out on Nirav Modi and Mehul Choksi. It seems that Modi government is also helpless like the Manmohan Singh government to tighten crores of capitalism. The big capitalists are playing arbitrarily with the financial structure of the country and the governments are frustrated.
Are we going to be transformed from the sovereign Republic to a colonial market? On every small matter, the powers that shout slogans of nation, religion and patriotism disappear on this issue. This is also the nation’s religion – trying to keep the people in a hidden way and misguided will not be called treason. According to reports, Narendra Modi had recently claimed that his government has done austerity to three lakh dormant and shadow companies registered in the company registrar. But it seems that they were missing 200 companies of Nirav and Mehul, who, according to the CBI and Enforcement Directorate, were allegedly used to invest around 11 thousand crore rupees from the fraud.
On the other hand, the improvement in the internal reforms and administrative strengths in banks is that PNB has issued a lot of letter of endorsing and did not touch any address. If this is not a joke with this country then what is it? Instead of scrambling in the accusations, and surrounded by the country’s first Prime Minister, the present Prime Minister should say something on the scandals. This is not the question of credibility of them and the government; it is a matter of concern over the country’s sovereignty and dignity. Regrettably, the current individual centrifugal discussions of Indian power politics have given a backlash to the possible action. The society is being scolded by scams.
What would have been more shocking was that there was such a deep penetration in the banking system of scamsters that they could easily pass passwords and highly communicated messages. Such a country can also have a devastating dent in the security system of the country. It should be understood that these times seek accountability on crises, not a collapse of the crisis.