The list of people involved in frauds to cheat banks in the name of being industrialists, has been extending. While a lot of people get loans for their small and large businesses, and are being given loans based on their earning potential, most of them repay loans on time, and keep growing further in life. However, some fail to repay the loan, and also involve in fraudulent activities, with several cases even leading to deaths and suicides of people unable to repay loans. 

 

It’s a disheartening fact that several people like Nirav Modi, Vijay Mallya, Vikram Kotharu, Subiksha Subramnian, and the latest to join the list, Kanishk Jewelery proprietor Bhupesh Kumar Jain, have become frauds, though they had been seen as reputed industrialists and business tycoons in the society. While Kingfisher's Vijay Mallya had failed to repay loans of more than 9000 crores, he escaped out of India, and still the country is unable to arrest him and bring him back to India.  Recently, Jeweler Nirav Modi was accused of defrauding PNB with letters of undertakings, and getting credits from money lenders, involving in a scam of more than 11400 crores, and he escaped out of India as well. 

 Image result for Nirav Modi, Vijay Mallya, Vikram Kothari, Subhiksha Subramanian,

Rotomac pen's Vikram Kothari was caught for non repayment of more than 800 crores of loans to Bank of Baroda, and was arrested. Subiksha Supermarkets Subramanian had been arrested by enforcement directorate for involving in cheating banks of more than 750 crores loans. In this scenario, recently, Kanishk Jewelers Bhupesh Kumar has been found to have been involved in a scam of 824 crores and has got money from banks like Punjab National bank, State bank of India. In this way, day by day, the industrialist frauds list of India has been constantly increasing.

Image result for , Kanishk Jewelery proprietor Bhupesh Kumar Jain,

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