Convenor Is there a role of Reserve Bank of India/Ombudsman to control the PSU Bank management in such heinous acts from dealing in public money.It will be interesting to know their reactions in the issue. .
With kind regards
A.K.BHATTACHARYYA
F.I.StructE (UK), FIE (India), FIBE, FIRT
H-2A, Hauzkhas, New Delhi -16, Ph:011-26854127
--- On Mon, 10/8/12, R. Dua <r.dua1234@gmail.com> wrote:
From: R. Dua <r.dua1234@gmail.com>
Subject: Re: [HumJanenge] How PSU Banks fleeced the public
To: humjanenge@googlegroups.com
Date: Monday, October 8, 2012, 8:00 PM
And we hear nothing from the public whose tax money is being squandered. Some high life. On Oct 6, 2012 10:51 AM, "Sarbajit Roy" < sroy.mb@gmail.com> wrote: King Fisher Airlines SCAM
1) PSU Banks convert their doubtful debts in KFA into equity (@ 23%
stake in KFA)
2) Banks sell this converted equity off-market at Rs. 65 per share to
unnamed parties (when market price is Rs. 38)
3) KFA share is now Rs.13
4) KFA has no assets, family members of employees commit suicide.
http://www.financialexpress.com/news/kingfisher-air-gets-humanitarian-funds/1012496/0
PS: Robert Vadra has expressed his intention to get into civil aviation business
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