Financial Minister Nirmala Sitaraman, broke her silence on congress leader Rahul Gandhi’s allegations about willful defaulters, bad loans and write-offs. The Financial Minister on taunting Rahul said it would have been better if he had discussed with Dr. Manmohan Singh about the write-off of the loan. She accused him of misleading people by sensationalizing facts.

Recently, former Congress President Rahul Gandhi tweeted and questioned Finance Minister Nirmala Sitharaman why she is not disclosing the names of the country’s 50 biggest bank thieves. The Congress alleges that the government waived loans worth Rs 6.66 lakh crore from 2014 to September 2019.

Rahul Gandhi tweeted a video of the Parliament and wrote, ” I asked a simple question in Parliament- tell me the names of the 50 biggest bank thieves in the country. The finance minister refused to answer. Now the RBI has put the names of ‘friends’ of BJP including Nirav Modi, Mehul Choksi in the list of bank thieves. That is why this truth was hidden in the Parliament.”

Nirmala Sitharaman

On Tuesday night, Finance Minister Nirmala Sitaraman in her response with 13 tweets attacked Congress’ former party president Rahul Gandhi and party’s media in-charge and spokesperson Randeep Surjewala and accused them of misleading the people of the country.

The Finance Minister’s tweet said that the Bharatiya Janata Party government has taken appropriate steps for the debt recovery from Vijay Mallya to Nirav Modi. In one of her tweets, Nirmala has told the situation to the countrymen by name of the defaulters, while attacking Rahul Gandhi and Congress should introspect why they have failed to play a constructive role in cleaning the system. Neither in power nor in opposition that he has shown any commitment to stop the corruption and dynasty prevalent in the Congress.

Then she wrote in his next tweet, ‘Congress leaders deliberately tried to mislead banks who are not returning their debt, stuck loans and write-offs. Between 2009-10 and 2013-14, scheduled commercial banks had written-off an amount of Rs 145226 crore. We hoped that Rahul Gandhi may have consulted Dr. Manmohan Singh on what subject this write-off was. The rules have been set according to the four-year provision cycle set by RBI for NPAs. On completion of this, banks put the NPA in write-off, but they continue to try to recover from the borrower. There is no debt forgiven.’

In her response for the Nirav Modi Case, she tweeted “Immovable and movable properties worth more than Rs 2387 Crore attached/seized.( Attachment Rs 1898 Crore and Seizure Rs 489.75 Crore) . This includes foreign attachments of Rs 961.47 Crore. Auction of luxury items for Rs 53.45 Crore. He is in prison in the UK.”

Whereas, giving information about the Mehul Choksi case, Nirmala Sitharaman said that taking a big action, the government has attached Choksi’s assets worth more than Rs 1936 crore. It also includes foreign assets worth Rs 67.9 crore. Apart from this, a red corner notice has also been issued against Mehul Choksi seizing the property worth 597.75 crore. The Finance Minister said that an application has been sent to Antigua for Choksi’s extradition. Apart from this, the process of declaring him as a fugitive is also going on.

On the ongoing action on Mallya, Nirmala said that her assets worth about Rs 8040 crore have been attached. Apart from this, shares worth Rs 1693 crore have also been seized. Declaring Vijay Mallya as a fugitive, an application for extradition has been made.

That’s how it all started

On Tuesday, The Reserve Bank of India has given this information in response to a question asked under the Right to Information Act (RTI). According to the bank, this position is till 30 September 2019. RTI activist Saket Gokhale from the Reserve Bank had sought this information from the Reserve Bank under the Right to Information Act.

Earlier, Congress Communications Department chief Randeepsinh Surjewala said in a press conference here on Tuesday that the Reserve Bank has given information under the Right to Information-RTI on April 24 that the debt of 50 big borrowers and fugitives who do not repay the loans of banks, are forgiven. They have included big scamsters like Vijay Mallya, Nirav Modi, Mehul Choksi and Jatin Mehta.

Congress’s chief spokesperson Randeep Surjewala, while making public this response of the Reserve Bank, deliberately released the list of the top 50 borrowers who have not returned their bank loans. Which was then taken into account by Rahul Gandhi.


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