Narendra Modi arriving at the pedestal position in 2014 as Prime Minister not only severally cauterized his political opponent, but more important also terrified to those nefarious cartel of corrupt mafia who were operating with impunity in brazen loot of India. And till date in 2020, this elitist, theorist, amazing cartel of power brokers of Lutyen Delhi loot gang is conspiring, abusing and accusing day in and out to Mr. Modi for having lost the sinister plot of continuing the orchestrated the biggest financial burglary of nation.
Till 2014 Corruption was an institutional practice in India with the shameless collusion of financial regulator, financial Institution, dubious company, accountant journalist, middle man, political leaders and armchair academician. Everybody contributed in defending this criminal act and earned their share of loot from the crime proceed.
Among the first of fiercely contested and ridiculed policy of PM Modi was his Jan Dhan Yojana. Private banker avoided the implementation employing logistics chicanery and PSU avoided through proven record of inefficiency but the brazen opposition, reluctance and un-cooperation came from RBI governor. He was no ordinary but a IIM and US educated with huge backing of international institution and Indian Industrial think tank and yet shoddy priority overtook the national interest.
In a country where poor constitutes nearly 60 Crore and are dependent on Government subsidy, the loot of welfare scheme money became the fertile source of corruption by this nexus of a lynch mob led by these Howard academician intellectual contractor middleman under the tacit indifference of RBI. The cash transfer to these scheme were nearly to the tune of 5 lac Crore per year under various State and central sponsored schemes. And majority out of that ended into the pocket of these crooks and circus jokers. This systematic pogrom of financial loot was designed since independence and continued till 2014. The Jan dhan Yozna was first step towards kicking the ass of these elite Lutyen theorist who under the grab of banking reform, profitability, work pressure and logistics issue circumvented all idea of dissemination of financial assistance to these poor citizen of nation. Today direct benefit transfer have zero corruptions and 100 percent efficiency much to the chagrin of these Lutyen theorist.
Following Jan Dhan Yozna brought series of competent reform in rural segment transferring financial support and subsidy with a series of Scheme like housing for all, Ujjawala yozna, Manrega, flood relief subsidy, damaged crop compensation and farmer direct benefit transfer plan.
The circus of theorist who ring fenced for corrupt middleman are yet in denial of efficient welfare at grass root level. The heartburn for not having earned a penny is fueling the fire day in and out.
Another important nexus of loot was institutionalize under RBI behest where nexus of bankers and industrialist looted shameless. Get a loan divert the fund into maze of company, siphoned these fund outside India, make company a loss making entity, close the financially unviable company, negotiate with power broker, squeeze the bank for its stressed assets and finally close the book of bank with NPA as full stop.
The full cartel of Lutyen power broker gang were working in a synchronized fashion and were fixing any remotest resistance or dissent with money muscle and crime. The entire machination had the blessing of indifference from financial regulator of this country. Promoter after promoter were engaged in dubious method of creating Shell Company, benami company, fake ledger account duly assisted by crooks among the accounting institution, consultant and bankers and made an impregnable maze.
Those who mattered at the coveted position obliged this nexus and prostrated before these power center, political master to orchestrate this loot. Not a Single financial regulator include Banker Bank RBI ever raised the Red flag.
To give an idea to the quantum of this financial loot, a rough estimate of minimum 10% of NPA of Banking NDTL (roughly 130 lac Crore) translate into a staggering amount of 13 lac Crore. This entire capital or rather more than this has been plundered siphoned from the system and records have been systematically destroyed.
Modi uncanny mind had most ruthless and uncompromising response to it. The severest of criticism till date to Modi comes from these mafia’s beneficiary. All detractors are active on social and electronic media platform insinuating conspiring, insulting abusing and rejecting any idea of Modieconomics. The Insolvency and Bankruptcy Code, GST, Demonetization, RERA, NCLT, foreign asset Seizure act, Benami property act were series of punitive reform that broke the spine of these black marketer and crooks. Few have landed in jail, few ran away from country, few are on bail few, committed suicide and rest are in queue experiencing gallows like feeling.
Over one lac dubious shell Company and Over 3 Lac crore of capital are under Govt control which were detected after combined action of Demonetization and GST.
This is beginning of a journey. Every crooks shall cry and bleed. And Lutyen theorist will employ every trick under the sleeves to create distraction. But the Lutyen theorist should realize the Modi economics is set to prevail in every walk of financial governance.
Worst was the response of financial regulator in India and responsible head of Institution who assumed their incumbency a seat of sinecure and hedonistic pleasure. The Modi mobilizing state resource for identifying, penalizing and punishing these corrupt has sent sever shock waves.
The quote of Gita – The truth shall prevail. Modi knows what he is doing and where the line will be drawn in this journey.