Band File: Bank loans and scams (Episode 15) Part 3 of 5

[yahoovisitor]

How do we recover the national wealth looted in the form of heavy loans? A loan of say Rs 500 million is sanctioned on the name of industry. Rs 350 million are thrown abroad in forex account & Rs 150 million are invested in the industry. After a few yrs when forex account has jumped to double & industry has returned the invested amount with desired profit bankruptcy is declared. The industry is confiscated & auctioned for a meager amount. The same story is again repeated by the new industrialist