In a press conference held on Saturday, the Congress made startling revelations regarding the PNB scam, claiming that the government was well aware of the fraud taking place and yet did not take any action in the same.
“In 2015 there was a complaint file against this issue but the PMO replied that this has been ‘dealt with’. How was it dealt with? This proves that they were aware of all this,” Congress senior leader Kapil Sibal said.
“What is the relation between HRD Ministry and Nirav Modi? Why is the Ministry of Finance not answering our questions related to the Scam?” he added.
“There is a crisis on the credibility of the entire banking sector. But the Prime Minister and the Finance Minister are still silent,” Congress spokesperson Randeep Surjewala said.
The Congress also said that a majority of the Letters of Understanding (LoUs) in the Rs 11,400-crore scam were issued in 2017-18.
The CBI also said that a majority of the Letters of Understanding (LoUs) in the Rs 11,400-crore scam were either issued or were renewed in the bank in 2017-18.
LoUs are issued for a period of three months, after which the amount needs to be paid back along with the interest.
However, in this case, Modi’s companies approached PNB at the time of the expiry and got them renewed with interest amount being added.
This gave them three more months to pay.
They kept doing this to carry forward the money and not pay PNB.
Taking a dig at Prime Minister Narendra Modi over his much-talked about Ease of Doing Business, Sibal said, “The way in which Nirav Modi has done ‘ease of doing business’, it will make India top it index”.
“I challenge BJP to come and talk about UPA’s governance and their governance. Because of their ill-intentions, they have brought India’s economy to its knees,” he said.
Sibal further said that the people are now coming to know that who actually the crony capitalist is.
Sibal also claimed that if the Modi Government does not reveal the truth, then the Congress would do so.