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Modi warns bank loan defaulters

Warning that no bank defaulter will be spared, Prime Minister Narendra Modi on Sun-day accused the Congress of helping the rich usurp people’s money and claimed his government has “tightened the screw

Warning that no bank defaulter will be spared, Prime Minister Narendra Modi on Sun-day accused the 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.

Hitting back after his government faced criticism over handling of Vijay Mallya case, Mr 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.”

“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..,” he said addressing an election rally in Assam.

He 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 shop. 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,” Mr Modi said.

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