Chowkidar Hi Chor Hai: Part 1 – A “Sweet” Deal for Nitin Gadkari

/ bad loans, Bank of Maharashtra, banking crisis, corporate defaulters, Dattatray Mhaiskar, distillery ethanol plants, evergreening, Global Safety Vision, loan fraud, Mahatma Sugar Power, Nagpur, Nitin Gadkari, NPAs, one-time settlement, political interference, public sector banks, Purti Sugar, sugar manufacturing, wilful defaulters

This Newsclick exclusive is Part 1 of a three-part series on how the Modi government pushed banks into repeatedly lending to cronies, adding to the bad loan mountain. A company linked to Union Minister Nitin Gadkari allegedly received loans from Bank of Maharashtra in violation of the bank’s own policies and received multiple subsequent loans to prevent the account from becoming an NPA.

Published by: News Click
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