5904 banks frauds in 3 months in India - page 8.

Kronos21

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Quote from: First77 on June 15, 2018, 07:25:30 AM

There have been 5904 bank frauds in India in first 3 months of 2018. Source CNBC TV18

The biggest bank fraud is Punjab National Bank (PNB) and Nirav Modi where PNB was scammed of $2,000,000,000 by Nirav Modi.

How is this for economics ??

It is not a problem for the economy. Money has changed its owner but they continue to work for the economy. If you sell any product then what do you care who will buy it? Even if the money scammers will not spend they will not leave the economy. Sterilization of this amount will reduce inflation.

oegarod

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The interesting part is that those persons who have involved into these fraudulent activities were much close to the ruling party personalities. This will surely affect the economy of the country, till date there were not much of frauds with bitcoin as the trapping source.

ss890

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Activity: 644

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Quote from: First77 on June 15, 2018, 07:25:30 AM

There have been 5904 bank frauds in India in first 3 months of 2018. Source CNBC TV18

The biggest bank fraud is Punjab National Bank (PNB) and Nirav Modi where PNB was scammed of $2,000,000,000 by Nirav Modi.

How is this for economics ??

Lolz.

Off course it is worst for the economy. Have you seen the conditions of the economic system in India? Its worstly managed. Do you know that India could be the richest country of all time if they properly manage their system? But know why they are behind in every other aspect? Because they are having people like Vijay Mallya, Nirav Modi and many moire fruadsters who has literally looted the banks and dumped them to the ground. If there comes more cases like this then it could be worst case scenario for the India as they will have to face major economic crisis.

First77

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There have been 5904 bank frauds in India in first 3 months of 2018. Source CNBC TV18

The biggest bank fraud is Punjab National Bank (PNB) and billionaire Nirav Modi where PNB was scammed of $2,000,000,000 by Nirav Modi.

How is this for economics ??

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