The Congress on Wednesday said the “Suit-Boot” BJP Government’s focus is only on the Industry of “Loot & Scoot” and under is rule “Common man is in pain but Con-man is in gain”. The party questioned whether the BJP-led dispensation is involved in Frost International Bank Scam of Rs 3,592.48 crore and in the escape of its directors.
The Congress alleged the total bank fraud during the BJP’’s tenure amounted to over Rs 2.7 lakh crore.
The party stated political accountability must be fixed on Prime Minister and Finance Minister for Rs 2,70,513.49 crore public money looted from banks and Rs 5,00,000 crore written off of willful defaulters.
Congress spokesperson Jaiveer Shergill slammed the Government for not taking timely action against the directors of Frost International which is alleged to have defrauded banks to the tune of Rs 3,592 crore. He alleged that it was the Government that prevented the lodging of complaint in the scam.
“When the consortium of lending banks had authorised registration of complaint on June 15, 2019, why did it take more than seven months to register a complaint?
Was someone in the BJP Government preventing the registration of complaint?” Shergill questioned at a Press conference.
“When the PSBs having Government nominees on board were aware that the company is unable to return the money, why did it take them a year to request the MHA to issue a lookout notice?” he said.
The grand old party also queried as to why the lookout notice was delayed.
“Despite issuance of LOC on January 18, 2019, why and on whose directions in the BJP Government did the investigating agencies not register a case till January 19, 2020, for an entire year against the suspected offenders who remain untraceable till date?” Shergill said.
Former party chief Rahul Gandhi too accused the Government of risking people’s future by damaging Life Insurance Corporation and destroying the public’s trust in it. His attack on the Government came over a media report which claimed that LIC’s NPAs have doubled to Rs 30,000 crore in five years.
“Crores of honest people invest in LIC because they trust it. The Modi Government is risking their future by damaging LIC and destroying the trust the public has in it,” Rahul said in a tweet. “These short sighted actions create panic & can have catastrophic consequences,” he said.