God! 68000 crore of 50 defaulters including Mehul Choksi, Ramdev Baba were forgiven

God!  68000 crore of 50 defaulters including Mehul Choksi, Ramdev Baba were forgiven

 The country's banks have waived a loan of more than 68,000 crores of the Wilfull defaulter. The Reserve Bank has given this information in response to an instruction sought by an RTI. Those interest of people who have been forgiven, most of the big dealers. Mehul Choksi is the name on the most topp. The name of the name is involved in several scandals. Mehul Choksi has long been absconding from the country and the country's agencies are in its find.


Mehul Choksi at the top

 RTI activist Saket Gokhale had sought the information from the RBI.  In response to his RTI, the RBI's Central Public Information Officer said that the outstanding amount of Rs 68,607 crore has been waived till September 30, 2019.  At the top of the list is Mehul Choksi's company Gitanjali Gems Ltd with a debt of Rs 5,492 crore.  Gili India Ltd has a debt of Rs 1447 crore and Nakshatra Brands Ltd has a debt of Rs 1109 crore.  After fleeing Choksi, he became a citizen of the Antigua and Barbados archipelago.


Jhunjhunwala's company came in second

 Second on the list is REI Agro Ltd with a debt of Rs 4,314 crore.  The company's directors Sandeep Jhunjhunwala and Sanjay Jhunjhunwala have been under ED scrutiny for a year.

 At the top of the list is diamond trader Jatin Mehta's diamond and jewelery company, which has a debt of Rs 4,076 crore.

Then there is Rotomac Global Pvt Ltd, a Kanpur-based company in the Rs 2,000 crore range, which is a well-known Kothari Group company with a debt of Rs 2,850 crore.


 Also the name of Ramdev's company

 Indore-based Ruchi Soya Industries, a company owned by Baba Ramdev and Balakrishna, has been forgiven Rs 2,212 crore and Gwalior-based Zoom Developers Pvt Ltd Rs 1,200 crore.

Foreign defaulters are not reported

 RTI activist Saket Gokhale sought information from the country's central bank on 50 willful defaulters under RTI and the status of their loans till February 16.  "I did this RTI as Finance Minister Nirmala Sitharaman and Minister of State for Finance Anurag Thakur did not respond to a question from Congress MP Rahul Gandhi in this regard," Gokhale said.  Gokhale also said that the RBI had refused to provide information on foreign defaulters citing the December 16, 2015 Supreme Court decision.

Read in Gujarati: Click here