Banker's Trust How corrupt are our bankers?

Bankers are in an industry where money is the raw material and it is not easy how they use their official position to make money for themselves .People Do Lot Of Hard work and put his Money in Bank .But our Banking System Losses Their Truthness Daue some Corrupt Officers Which are Involved IN Corruptions.In indian History This TYpe Of Cases Only Pending on Paper.

 

the Central Bureau of Investigation (CBI), the Enforcement Directorate (ED) and the income-tax department, among others, have frozen bank accounts and seized properties of jewellery designer Nirav Modi and his uncle Mehul Choksi. Companies linked to Modi and Choksi are allegedly involved in the PNB fraud, the size of which has been now revised to Rs12,636 crore. Separately, investigative agencies have seized assets of Rotomac group, which has defaulted on Rs3,695 crore worth of loans.

On Thursday, ED attached 41 properties worth Rs1,217 crore belonging to Choksi and his Gitanjali group.

Modi, Choksi and liquor magnate Vijay Mallya, all of whom are wanted by one investigative agency or the other, have fled the country. Mallya’s spokesperson and Choksi’s lawyer declined to comment for the story. Calls and messages to the lawyer representing Nirav Modi remained unanswered till press time. Clearly, the current regulations have not been successful to get auditors to work independently. This body (NFRA) and the rules framed should achieve this objective. This should reinstate confidence in audits and financial statements of companies and financial institutions,” said Daksha Baxi, executive director of law firm Khaitan & Co.

Meanwhile, on Thursday, CBI arrested former PNB chief manager Bishnubrata Mishra. He was responsible for concurrent audit at the bank during 2011-2015.

 

 

 

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