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No bank defaulter will be spared, warns PM Modi

In a stern message to bank defaulters,  Prime Minister Narendra Modi on Sunday said that the government will not spare those who have been looting the banks by not repaying the huge loans taken by them, and deal with them appropriately. He also accused Congress of helping the rich usurp people’s money and claimed his government has “tightened the screws” on the “looters” who were now fleeing due to fear of going to jail. 

This was the Prime Minister’s first statement after his government faced massive criticism over handling of Vijay Mallya case. Earlier, the Congress vice-president Rahul Gandhi had accused the government of allowing a free passage to Mallya, who owes nearly Rs 9000 crore to Indian banks. 

Coming down heavily on Congress, Modi alleged that the Congress was opening banks for the rich during its rule and “its governments who have through these banks filled the coffers of the rich too will have to pay”. “You know how the rich have usurped public money. My government has tightened the screws on the bank defaulters. They are sweating due to fear of going to jail and are fleeing. But no one will be spared I am telling you,” he further said.

“The money looted from the banks does not belong to the banks but to the poor people of the country and I will ensure that those who looted this money return each and every paise... they have looted the country,” he said while addressing an election rally in Assam for the second successive day on Sunday.

Speaking on the involvement of middlemen in the government, Modi said various fiscal policies initiated by his government had done away with middlemen, ensured development and enhanced the country’s image internationally.  “The country was being run by middlemen. Since Modi assumed office, the middlemen have been forced to close their shops. It is they who shout, accuse and abuse Modi but I don’t care. There will be no ‘acche din’ (good days) for the middlemen and so their problem with me is natural,” Modi said in reference to his election slogan. “You have enjoyed for 60 years by robbing the poor. Now, it won’t happen any more. So it is natural that you will have a problem with Modi. I am committed to ensure development and well being of the nation,” the Prime Minister said.
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