Another scam hit India's banking system, Gujarat bizman duped banks of Rs 6,712 crore, fled

After Punjab National Bank, scams and frauds in the country’s banking sector are tumbling out of the closet every other day.

In the edition, another banking scam, in which an industrialist named Jatin Mehta duped the banks of Rs 6712 crore, has surfaced.

Jatin Mehta, a Gujarat based businessman defrauded banks including PNB to the tune of Rs 6712 crore and fled the country despite the full knowledge of Modi government, Congress alleged.

Congress Spokesperson Randeep Surjewala said, the banks had lodged a complaint against Mehta in 2014 but it took CBI more than three years to register an FIR.

Mehta, the promoter of Winsome Diamonds and his wife Sonia Mehta owes Rs 4,680 crore to a consortium of banks headed by Standard Chartered and another over Rs 2,000 crore to a set of banks headed by Punjab National Bank.

Mehta and his wife gave up their Indian citizenship and fled to tax haven St Kitts and Navis in 2016.

Banking scams under the Modi Govt have now swelled to ₹39,000 crores with Jatin Mehta being the latest fraudster to flee the country. We hope PM Modi finally breaks his silence, addresses the nation, and answers these 5 questions. #SuitBootLootSarkar pic.twitter.com/6iVE3WEtwX

— Congress (@INCIndia) March 1, 2018

“Why did Modi govt, Ministry of External Affairs, Ministry of Home Affairs permitted Mehta and his wife to renounce their citizenship and run away despite overwhelming evidence against them,” Surjewala asked.

The Congress spokesperson also asked the reason why Finance Ministry, the Enforcement Directorate (ED) did not take any action against Mehta and kept sleeping for over three years.

“Who is protecting Jatin Mehta?,” Surjewala said asking PM Modi to break his silence.