Increasingly, there have been examples of some fleeing overseas instead of borrowing thousands of crores of rupees in banks in the country.
After this, the CPI (M) had a look at them. And proceedings are being investigated on behalf of the Enforcement Department. Steps are being taken, including asset freeze, on those who have failed to pay back the debts of the banks.
These include Kingfisher Airlines owner Vijay Mallya, diamond dealer Nirav Modi and his cousin Mukul Chokshi, they are also being prosecuted. There are demands on India’s behalf to deport them.
CBI has on behalf of some banks claiming that bank officials have been complicit in these bank fraud cases. A complaint has been registered with the organization.
In this case, the CP has registered 169 cases in Andhra Pradesh, Gujarat, Karnataka, Kerala, Madhya Pradesh, Maratham, Punjab, Tamil Nadu, Telangana, Uttar Pradesh, Uttarakhand, Dadra and Nagar Haveli, Delhi and Chandigarh. Testing is ongoing.
CBI has registered 35 cases of bank frauds worth over Rs 7,000 crore. The record is being investigated.