NEW DELHI/ INDIAN ECONOMY DIDN’T BECOME $5 TRILLION BUT IT WAS OVERSHOT BY BANK FRAUDS: CONGRESS

                   From Our Bureau

NEW DELHI: The Congress on Monday attacked Prime Minister Modi, saying “Shehenshah’s promise was to make our economy $5 trillion, but instead gave Indi the bank fraud of Rs 5.35 trillion in the last 7.5 years.”

Party spokesman Prof. Gourav Vallabh told a press conference here the the average daily fraud in the banking sector is Rs 195.5 crore and “loot & escape” is Modi government’s “flagship scheme” for the bank fraudsters in which Rs 22,842 crore of public money was swindled.

Is it not an ease of committing frauds a new scheme of the government, he asked, pointing out that a complaint was registered with the CBI on Novembe 8, 2019, Vallabh asked, wondering why the PM and the finance minister are mum on India’s biggest banking fraud of Rs 22,842 and why Rish Agarwal, promoter of ABG Shipyard is not arrested till date. He also wanted to know the status of his citizenship.

On the CBI not lodging an FIR for one and a half years even after the SBI filed second complaint in August 2020, the Congress spokesman asked: “Does this not prove complicity, collusion and connivance of those sitting in the highest echelons of power in the Modi Govt.

Another intriguing facet is that ABG Shipyard was allotted 1,21,000 square metres of land in 2007 by Gujarat Govt headed by the then Chief Minister Modi. The CAG indicted the Gujarat Govt for undue favour to ABG Shipyard & Rishi Agarwal for allotting land at Rs 700 per square metre, while the price of land was 100% higher i.e Rs 1,400 per square metre, Vallabh said.

He said another amazing facet is that despite the CAG report, the Gujarat Govt headed by Modi proceeded to allot 50 hectares of land to ABG Shipyard & Rishi Agarwal in Dahej, Gujarat. The Dahej project was shut down by ABG Shipyard in the year 2015.

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