Active Stocks
Thu Mar 28 2024 15:59:33
  1. Tata Steel share price
  2. 155.90 2.00%
  1. ICICI Bank share price
  2. 1,095.75 1.08%
  1. HDFC Bank share price
  2. 1,448.20 0.52%
  1. ITC share price
  2. 428.55 0.13%
  1. Power Grid Corporation Of India share price
  2. 277.05 2.21%
Business News/ Politics / News/  Money 'looted' by wilful defaulters enough to give lakhs of rupees to migrants: Derek O'Brien
BackBack

Money 'looted' by wilful defaulters enough to give lakhs of rupees to migrants: Derek O'Brien

Besides a list of wilful defaulters in public sector banks, Derek O'Brien shared a list of top 33 defaulters

File photo: Derek O'Brien (Photo: ANI)Premium
File photo: Derek O'Brien (Photo: ANI)

TMC MP Derek O'Brien on Saturday shared a list of wilful bank loan defaulters on Twitter and said the money "looted" by them would have been enough to transfer lakhs of rupees into the accounts of jobless migrant workers.

He also accused the government of "abetting" crony capitalism.

Besides a list of wilful defaulters in public sector banks, O'Brien shared a list of top 33 defaulters.

"Received a list of 2,426 wilful defaulters from All India Bank Employees Association (AIBEA) today. 1,47,350 crore looted from the common man. Enough to transfer lakhs of rupees to each jobless migrant worker," the Trinamool Congress (TMC) leader tweeted.

"Sharing the amount of default faced by Indian banks. Government abetting crony capitalism at the cost of our people," he said.

A wilful defaulter is an entity or a person that has not paid the loan back despite the ability to repay it.

Thousands of migrant workers across the country were rendered jobless and forced to head back home to their villages, where there are few employment opportunities, after the government imposed a lockdown to stem the spread of COVID-19. PTI ASG DIV

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Politics News and Updates on Live Mint. Download The Mint News App to get Daily Market Updates & Live Business News.
More Less
Published: 18 Jul 2020, 07:17 PM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App