Come out with all facts on banking scam: Congress to PM Modi

The Congress, in its steering committee meeting on Saturday, passed a unanimous resolution asking Prime Minister Narendra Modi to come out with complete facts about the biggest bank scam of the country and tell as to how a fraud of such magnitude escaped the eyes of all the auditors and investigators as well as acknowledge failure of fraud detection ability of the entire banking sector and the finance ministry.

In the resolution, Congress also asked the PM to share action taken by the PMO and other agencies and departments of the government on the complaints made on the impending bank scam as early as May 7, 2015 and on numerous occasions thereafter. 

“These are important issues that need to be assured by Prime Minister and the BJP government in the national interest as also to assure 132 crore Indians that the money deposited in the banks would be safe from such fraud as well as to assure the people that the guilty will be apprehended, tried and punished in accordance with law,” said the resolution.

Showing a list of 367 letters of understanding (LoU) issued by banks to fraud accused Nirav Modi and his partner Mehul Choksi, Congress spokesperson Randeep Surjewala claimed that all of these LoUs, running into Rs 11,000 crore, were issued during Modi government’s tenure in 2017 and 2018 and none during the UPA regime.

“I have tried to glance through dates of these LOUs which solve a whole lot of mystery that has been started over couple of days and all these LOUs are dated 2017 and 2018 and I do not know which one is 2011. I could not find any LOUs with life of 90 days extended to 6 months or 360 days by the bank,” said Surjewala.

Surjewala said the meeting also decided to hold the plenary session of the All India Congress Committee (AICC) from March 16 to 18 in New Delhi.