wilful defaulters

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Chowkidar Hi Chor Hai: Part 2 – How a Firm Linked to Modi Siphoned Money From Bank of Maharashtra

In part two of a three-part series on how the Modi government pushed banks into repeatedly lending to cronies, read the story of a Surat-based transporter with links to PM Modi. SVLL promoter Roop Chand Baid had close connections to Modi, supplying specialized video trucks with 3D projection technology for his 2014 election campaign. The company allegedly misutilized ₹629.84 crore of ₹933.25 crore in loans.

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

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.

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