shot-button
Subscription Subscription
Home > Mumbai > Mumbai News > Article > Prakash Javadekar Congress attack on govt over PNB scam will boomerang

Prakash Javadekar: Congress attack on govt over PNB scam will boomerang

Updated on: 18 February,2018 04:20 PM IST  |  Mumbai
PTI |

Union minister Prakash Javadekar today said the Congress's attack on the government over the Punjab National Bank scam would boomerang and alleged that the party had destroyed banking systems when it was in power

Prakash Javadekar: Congress attack on govt over PNB scam will boomerang

Prakash Javadekar
Prakash Javadekar


Union minister Prakash Javadekar today said the Congress's attack on the government over the Punjab National Bank scam would boomerang and alleged that the party had destroyed banking systems when it was in power.


The BJP leader claimed the Congress was frustrated as it had got no chance to level allegations of corruption during the NDA government's current tenure. The Congress has alleged that the scam took place in 2017 under the Modi government when letters of understanding were signed by Punjab National Bank in favour of the companies of Nirav Modi and his partner and uncle Mehul Choksi.


"It doesn't suit the party to cry foul over the fraud because it started in 2011 under the UPA's nose. The fraud is a testimony that the UPA destroyed banking systems," Javadekar told reporters here.

The Human Resource Development Minister said that the Congress attack over the bank scam would boomerang. Javadekar claimed that the multi-crore scam came to light because of the NDA government's efforts to bring transparency in the banking sector. The government was recapitalising banks with openness and vigilance, he said.

"The 2G, Commonwealth Games and coal scams happened because of laxity on the part of the UPA and government decisions were cancelled by the Supreme Court. In this (PNB) case, it is a bank fraud which was unearthed because of the pro-activeness of the NDA government," Javadekar claimed.

The minister further said that the restructuring of an additional loan by the Allahabad Bank to businessman Choksi was opposed by Dinesh Dubey, one of the directors of the bank. "However, the then government chose to fire him and got him to resign. The UPA protected scamsters instead of whistleblowers," he alleged.

Catch up on all the latest Mumbai news, crime news, current affairs, and also a complete guide on Mumbai from food to things to do and events across the city here. Also download the new mid-day Android and iOS apps to get latest updates

This story has been sourced from a third party syndicated feed, agencies. Except for the change in headline, the story has been provided "AS-IS," "AS AVAILABLE, without any verification or editing from our side. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever

"Exciting news! Mid-day is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest news!" Click here!


Mid-Day Web Stories

Mid-Day Web Stories

This website uses cookie or similar technologies, to enhance your browsing experience and provide personalised recommendations. By continuing to use our website, you agree to our Privacy Policy and Cookie Policy. OK