Tip: => Biggest Corruption Traced in Banks, particularly Public Sector Banks
Tip: => This is it [____]!
Fortune is sometimes so much favorable that might me to a coward as well it seems to be most favorable yet as a matter of fact it is favorable to wise and valiant rather than cowards, no matter they are what so ever type. Hard to guess but could anybody do this?
Public Interest Litigation (PIL) Draft by Legal Action Committee Of the People (LACOP):-
Background of the PIL Draft by LACOP:-
Public Interest Litigation in Supreme Court
In the Hon'ble Supreme Court of India
<Following is a PIL extract>
PIL Background
In the scenario created in the mean time in the Nation of India, several evils have cropped up against humanity, hence humans have been left with no resort but to self claim their rights which though, have been bestowed on them but in ONLY WORDS i.e. they lack practicality, all attributable to Financial Corruption.
It is not that humans in India are now being treated as inferior to beasts and driven off all alike, in general. This is the outcome of Financial Corruption which has crept into the national system. Thus, it is being observed that people are left with nothing owing to financial crunch as even their basic needs are encroached and they are deprived off from, along with their Constitutional and Human Rights. This has created an absolute state of anarchy as such deprived people of India have nothing else to do but to carry out further crimes and corruption, which for them, is inevitable, as they have to exercise their Right to Life and Liberty. Thus it is being observed that The People will have to, and have to resort to nothing but further evil means for their survival, i.e. coercively induced evil, hence now humanity is more than put to shame as humanity is not at par or evil beyond evil and could be used synonymously for each other, the scenario created y the Corrupt equating Human to Devil.
The symmetry that the science inherently caries with itself is like positive or negative, on or off, adversity or favorability. The sole cause of all this non-sustainable evil is Financial Corruption in this land known as India which had been ideal for the globe and persists being the same type yet benefits nullified and damages beyond extreme, which is evident by even mere prima facie analysis of the scenario where the People of India have been left only with "Coercively Induced Criminality" of all sorts, which warrants automatic pardon to them all with their environment conductive to such deeds only.
The financial crime itself across each and every sector which positively occupies its base in the base of finance, under Public or the Government ownership known as Public Sector Banks.
The Banks have all good policies and procedures on paper but seldom practiced where ever there is even little possibility of 'no corruption' by the babus of the PSB at the higher ranks or order and are also corrupt, as the public money in the banking system is dealt per their wishes only, who are indulged in draining public money from the banks to their own coffers and probably simian sharing with their protectors or saviours in the relevant Ministries and the Banking Regulator. These Public Servants' Corruption calls for the further corruption of sorts in the same Public banking system as observing the easy success and enjoyment by the Corrupt babus, others in the same system are also lured to perform corruption, thereby also contaminating them including the private and co-operative banking sectors and so on, and the sole suffers are "The People" of India.
With deprivation and regression of Humanity in India, the scenario thus created by the corrupt bank babus, Indian people are put to utter shame and defame, before and among all global populace and humanity thereby also diminishing state value of the Union of India among the global states community. One of the repercussions is no seat in UN Security Council, hard to get into Nuclear Suppliers Group yet, and uncountable.
Under this scenario as also discussed above the environment thus created is conductive to evils only hence there are bound to be non-sustainable crimes and corruption of sorts.
By any stretch of imagination in this non-conductive environment, establishment of good and the evil rule of law is purely impossible, hence as obvious, what remains is only, and only the rule of corruption. Like, in a hazardous gas chamber, expectation from a human to inhale only pure air is totally foul. Similarly, expectation of good from human in the corrupt PSU bank babus contaminated environment is absolutely foul and against all humanity. Yet, the laws cannot be bent for The People who are from all walks of life to prevent them from prosecution in case they commit crimes and further corruption in order to exercise their Right to Life and Liberty. Now, speculation by any sound human brain thinks of any solution it is only purification of this contamination, which calls forth nothing else but prosecution of the corrupt elements in the Financial or Money Banks in the Public sector in India, positively.
Now, as we see that as a river bed can never be emptied despite all river water consistently falling in the sea, draining all water away. The only mode possible to empty the river bed is to plug its water source. Once the source is plugged, the river bed is bound to get vacated. Similarly, the source of all subsidiary crimes and corruption is required to be annulled. The source as evident very clearly is Corrupt PSU Bank babus who make pro quo lending and create regular NPAs for the nation, to be eventually bailed out from the National Wealth or the Public/ Taxpayers' Money who pay all direct and indirect taxes. Thus the funds for all genuine necessities fall short thereby creating deprivation of people from all basic human needs, so that they are left with nothing but to suicide or to commit crimes and corruption only in their lives.
Thus, money worth or GDP created by "The People" of India goes into the coffers of the corrupt PSU Bank babus and the shortfall is bailed out by the public money iterative and re-iteratively till eternity, and the humanity keeps suffering in pain and agony, till eternity, with every now and then upcoming NPAs and their inevitable bailouts from the Public Money. This way, with more than 1/7th of the officially declared global populace bearing the title "Begging Bowl of the World" and despite this "Begging Bowl" question appearing in the top Public Services Examinations, yet the same situation, all attributable to the selective corrupt Public Servants in the Public Sector Banks. The cause is not being worked out hence desired effect to bring evils to sustainable level is never possible. The cause is solely Corrupt PSU bank babus' corruption.
It is also significant to note that RBI, the Indian Banking Regulators' corrupt elements are able to defraud the Hon'ble Supreme Court using the shied of their matte being technical financial and banking matter, whereas the fact is that the things required to make wise decisions to establish the rule of law understanding the rules of Economics and the covert and pragmatic rules of Bank babus corruption are very easy and can be presented and imbibed as easily as uttering and understanding 1 - 2 - 3. The RBI also in response to an RTI declares that it has de-regulated credit and banks can themselves define rules for themselves. This is state of impossiblity as with no credit regulation there can be no regulation of money in the nation and even the currency and its value indigenously as well as abroad. No how a banking regulator discharge even their very basic functions by leaving credit at discretion of banks in Govt. priority sectors.
Now, understanding the fact and bringing it to the light before the brilliant Hon'ble Jury, subsequently, to be exposed to the Indian and mass, with extreme faith in the Rule of Law and the Indian Constitution this petition, in the public interest needs to be taken cognizance of , else humanity will be bound to lead sub-standard lives, perhaps equivalent to savage beasts, with no legal and human rights, as they under seize by encroachment thereof by anti-law and anti-human elements and their evolved factors. It, now only vests on the brilliance of the Hon'ble Supreme Court to take cognizance and protect the humanity regressing or in other words progressing in adversity, rather than even staying at neutral, or making any favorable progress at all, despite in India, otherwise all conductive environment acting or available which is evident by the high population sustenance in this comparatively little land and despite all "positive checks" or "natural checks" of population control, or evils of crime and corruption, including much disturbed bio-diversity (which again itself is attributable to Bank babu corruption).
Small and Medium Enterprises
It is a universal fact that the Economy of a nation can be good only when there is least of evils and vice-versa. “Organized Crime” which is the buzz word in the modern society and also forms the modus operandi of the intelligence agencies to damage the target nations. As we generally know and as Osho or Maharshi Rajnish opined that “ A prosperous society is too averse to any sort of unrest lie riots, rifts, violence, etc. and if asked to join such an evil, it simply alienates with reason that what absurd and foolish is all that. This is all natural human sentiment, a human with good livelihood and resources can seldom find any sense in giving their precious time of occupation and leisure to conduct evil acts and hence remains more responsible owing to their care and concern towards their status, satisfaction, persona and their belongings and resources. Contrarily, those who are deprived of resources are bound to fail on all counts in their lives, and this is where from evil begins and contaminates the entire society with further evils.
Now as Banks, particularly Public Sector Banks are power Banks of all public or the nation. This is because economy is dependent upon Banks and all financial dealings including remittance, savings and lending are done via banks. The money collected as deposits is lent to the people or people’s entities to facilitate well being. Now there are also Government priority sectors such as agriculture and MSMEs (Micro, Small & Medium Enterprises) which are pertaining to business and GDP of the Nation i.e. the national economy, and hardship of these is hardship of the nation or its populace including all world entities dependent upon that nation.
Thus, when deposits are collected from the public they have the right to secure advances per the law of land hence the government also has made these sectors as its priority sectors. This GDP (Gross Domestic Product) ascertains the value of currency of that very nation. Hence if India’s currency value is lower than that of the United States, it is because India’s GDP is lesser that of the latter as later being more industrialized. Thus industrialized nations are more prosperous and with fewer evils, pain and agony. This is the reason why all call for investment in their very land to bring about more industrialization and trade. Now if the apex bank of any nation prints currency it should be backed by production of goods and services i.e. the higher the goods and services, the higher the income, both macro and micro. Hence, the higher the production of goods and services the higher the higher becomes the currency value of a given amount of currency of that land. And as we also know with very common sense and as a universal fact that in order to generate gods and services, we need t pay the factors of production like land, labour, material, machinery, tools, etc. in the absence of which production is impossible and the national economy goes for a slump and GDP plunges. This means that national wealth plunges. Thus national wealth created or generated in the form of GDP, is paid to the factor of production or the public, who in turn purchase those good and services and this cycle goes on with successive increment until saturation.
In a nation where banks and Financial Institutions’ credit decision makers are less corrupt, mire money is available for production, and payments to the factors of production creates public income, meaning higher the production the higher the income. In other words, the general and per capita income is also high.
Contrarily, where Banks and FI’s decision makers are more corrupt, lesser amount is available for production, hence less payment to the factors of production. This lesser payment leads to lesser income by the people, hence poverty prevails.
Besides, as there are also less job or occupation opportunities with less production, the evil of unemployment creeps in. It is universal fact that this evil of unemployment and poverty leads to deprivation of humans even from the very rudimentary requisites for peaceful survival and the devil of all adversities to the national populace and the global economy/ populace as a whole or consolidated erupts and persists.
Furthermore, adversely, as the corruption in Banks and FIs diminish funds for production and peaceful survival, the corrupt money or hot money is used only for evils like terrorism funding, drugs abuse and other anti-national and anti-social activities. Now, there is multiplier evil effect of Banks and FIs’ babus corruption. On one hand it diminishes the GDP or the national economy or the national income or the per capita income, on the other hand the money not lent to the genuine needs in government priority sectors but malicious lending or pro quo lending simply begets NPAs (Non-Performing Assets) which have to be written off sometime, and the money gobbled up by the bank babus. The borrowing agents used by such babus like the infamous Vijay Mallya whose profile and projects are is used for lending to make way for the bank’s money out, stash the public money outside the banks which is the only possible reason for the ultra-high PSBs’ NPAs. As it is obvious that the agent gets only commission, the vast major position in such scams is enjoyed by te cor up t lending bank babus. This is as every person has a right to seek, but not the right to get. It is only the corrupt bank babus in the PSBs who enable such getting to their commission agents like Mallya as this study reveals. As banks have the entire mechanism for national and international transactions, it is not possible that any big chunk of NPAs whether individually or collectively be created by any individual other than those working as PSB credit decision making babus.
Now, as all GDP is measured in terms of money and the owner of this money will be the owner of this corresponding national wealth. The corruption in banks and FIs by their credit decision making babus put the public money or the national wealth to abuse, while public is deprived of all resources and in the pursuit to secure all those basic resources by hook or crook (as their rights encroached by the corrupt credit decision makers) resort to all crime and further corruption, including strenuous relationships with all kith and kin and other concerned, and human feelings vanish and inhuman sentiments involve and get prominent owing to this deprivation of all resources created by the PSB credit decision making babus.
Now, the top responsibility of all “Organized Crime” vests on PSB babus, despite PSBs have all good laws and their application and deceptive interpretation at times leads to catastrophic results. As private sector banks are owned by private individuals, their officers have to consider the valiant scrutiny of the major share holders of the private banks hence such banks are at the top in the global chart, contrary to the consistent bailouts of the PSBs from the tax payers money again and again after NPA creation. While in the PSBs, as they are owned by the state, not only generate operating capital through public deposits but their initial paid up capital is also funded from public coffers. Thus, both ways the corruption by PSB babus damages public interests by pro quo lending which is bound to turn NPAs. And also, as PSBs are Public or Government owned, their corrupt babus give blow to the public on the basis of their deposits with PSBs and also abusing the PSBs’ paid up capital utilizing the public taxpayers’ money who have paid both direct and indirect taxes with which these banks were formed and are bailed out each time. The biggest part is that the limit of worst of all evil is not only up till this but when NPAs are created by this pro quo lending the banks come under cash crunch then again the government has to bail out these PSBs with public money filing the deficit. Thus we see that the PSBs are regressive for India’s economy attributable only to their corrupt babus and hence despite all conductive environment in the nation, all odds including this corruption and its trailing evils including scarcity of resources or deprivation there from, yet the Indian populace is growing with leaps and bounds which prove all good conductive environment for humanity apart from PSB babus corruption. The environment is so conductive for human life and its sustenance yet all pain and agony to the people are being caused by the PSBs corrupt babus who make pro quo lending and turn down genuine borrowing petitions on malicious and anti-law grounds. The task of lending are assigned to the PSBs by the Department of Financial Services, Ministry of Finance, Government of India but the nexus between the corrupt elements NPAs for the nation and hence extraordinarily painful havoc for the nation or its “The People”.
Now, why DFS, MoF, Govt of India officers, meddling politicos can influence even slightest of the lending decision making of the PSB babus, the only reason possible can be that when the PSB babus are in a habit of making pro quo or corrupt lending become more vulnerable to such influence by their controlling authorities or the likes of politicos and the powerful in the regime.
As from a mango tree one cannot ask for grapes, and from an apple tree one cannot seek brinjals, similarly, unless there is extraordinarily high corruption or pro quo lending in the PSB corporations’ babus, they would be barren ground for any extraneous entity or person to cultivate corruption on these PSBs’ credit decision making babus.
If we seek the highest state of anarchy in nay segment of the Indian nation, we find it only in PSBs attributable to their credit decision making corrupt babus. This cult set by the PSB babus also contaminates the private sector banks as well to some extent, and the entire baking and economic system and environment for the Indian people.
The gobbling up of public money by the corrupt PSB babus by creating NPAs causing cash crunch in the bank and their bailout from public money again and again is an eternal process which has restricted India from becoming the richest country in the world as earlier when it was known as “The Bird of Gold”. Now, we see that India as land of all evils at their peak. As the world renowned philanthropist Mr. Frank Islam who always condemns India for its corruption, and cites it as the cause of India’s backwardness and all evils the situation is also shameful globally for Indians. Even, the former RBI governor Mr. Raghu Ram Rajan in an interview to Australian TV channel claims that India has all good “policies” but to make India a place to be in what is required is 3 things which are implementation, implementation and implementation. The expression “to make India a place to be in” proves that then RBI governor opined that India is not a place to be in which is more than anything shameful possible. The reason was also clarified by him that India is not a place to be in as there is no implementation of policies hence state of absolute anarchy in the entire nation. Now, as everything is dependent upon banks and the corrupt PSB credit decision making babus are the sole cause of all troubles of the Indian nation as PSBs being base to all the national system components as everything depends upon funds, the existence and function of the nation fully vests on their source i.e. PSBs. As money begets money, crime begets crime, this is the base of the national wealth i.e. PSBs are being abused by their banks to create all other evils, though inadvertently in their own greed with people from all walks of life deprived of resources, leading to all evils and degeneration which becomes inevitable with the existence of this PSBs’ babus corruption, but this practice needs to be curbed to which prosecution of the corrupt PSB babus is the only possible way.
It is of uttermost significance to note that as almost all NPAs are create by the corrupt PSB babus but to create them, after all, borrowers have to be used who may present their files for funding with the PSBs and the money is let out. It is also to be seen that it has to be proved that borrowers are at fault as are advance defaulters, as being in the bank the corrupt PSB babus have full authority and opportunity to prove themselves clean and duped, and only the borrowers faulty. If we think that who can bear the burden of such evidence that the borrowers only create NPAs and strictness should be imposed on the borrowers and more power to be given to the bank babus, are none and none but the genuine potential borrowers of the nation who ultimately, and since inception never get a chance to obtain credit and have to face all undue strictness which was the result of corrupt PSB credit deciding babus only. This way, as genuine lending and borrowing is curbed by PSB babus corruption the growth of the nation and that of its individual nationals, as well as that of the entire globe as gross is severely damaged and the entire humanity is left to lead such degenerated and sub-standard lives attributable to the greed and enjoyment of a few corrupt holding credit decision making positions in PSBs and their saviours. This heinous injustice to all competent, deserving and aspiring borrowers and all benefits to be duly arising to the entire nation and the humanity is shredded. As we realize what we inadvertently or absentmindedly ignore being accustomed to such deeds and the scenario thus created, we will find ourselves beyond all stretch of astonishment and injustice to all the national potential, and all of it attributable to feed the corrupt desires of some PSB credit decision making babus and their saviours. How can the people in the advanced world live in this world of foolish sort? We of course, can think of no genuine answer, apart from contextually non-pragmatically thinking of recovery and from thinking of preventive action, which is only prosecution of the corrupt PSB babus. Never will ever progress occur this corrupt way and humanity will keep suffering from most hideously possible corruption repercussions. Not only are current opportunities of the ‘entire populace’ being gobbled up by the corrupt PSB babus but also entire future opportunities turned to disaster. The fertile land to be made further fertile, contrarily made purely futile by such corrupt PSB babus to fulfill their greed owing to which the whole legacy and trend for the upcoming generations is to lead towards degeneration rather than naturally ongoing human development. Under humane understanding by mind, heart and soul can b e inherently felt as made to be lead towards devil for eternity this way, rather than towards the divine.
Evidences of nefarious nexus of PSB babus and RBI staff regarding corrupt lending or pro quo lending to indigenous enterprises:-
RBI circular dated 12 November 2012 depicts that banks have to prove non-viability where ever applicable but in the circular of March 2016 now the units have to prove viability and uncountable instances of such sort, naturally coming up per the intent and the resultant trend.
Such PSB corruption being not much discussed and covert in nature and obscured in the garb of financial technologies usage, the corruption nexus has created a huge covert empire by its inherent and obvious nature, and as neither PSB baus nor RBI advertises the facts of tactically regressive activities hence ignorant people victimized. Exemplifying, RBI also at instances refers to the technical nature of economics and finance which it is expert in and has to keep in mind and is able to dupe the Hon’ble Supreme Court in good faith being national banking regulator, and perhaps hence the Hon’ble Supreme Court overlooks glitches or becomes lenient on blind faith and does not dig deeper as they remain uncontested for it, and the corrupt empire grows and gets reinforced. It is being observed how they are duping one and all, taking undue advantage of public ignorance and lack of confrontation of them by any competent entity who may even plead in the court for their punitive and their corruption preventive activities. It is being observed how they are duping one and all taking undue advantage of public ignorance and with the shield of technicality, misinterpreting and defrauding the mass even the national judiciary which is biggest danger for the nation and possibly this corruption nexus has or may soon become so strong that may claim tyranny or influence national law and order and possibly may take national control with all it sill-gotten wealth, and the populace made ignorant and docile. This situation is extraordinarily dangerous as even national constitution can be challenged as Acts of Parliament, Regulator’s Guidelines and Banker s’ own pledges are being mocked at by the corrupt PSB credit deciding elements and their saviours. The bond that the union of India holds within nation and with other nations is on the verge of vanishing and the most hideous of evil to emerge. This is because this corrupt money is not accounted for and as obvious banking corrupt have good channels for all evil acts. This hot money cannot be easily put to good use as it has to be kept covert, hence may develop an underworld or a parallel state and even may take over regime.
Now also, as evident that at this very few instances the Bank of Baroda babus have shamelessly killed these few MSME units which were poised to create huge wealth and the modus operandi was flouting all laws and creating PSU bank babudom or PSB babus tyranny, and to fulfill these corrupt elements’ greed, wealth creation of all the stake holders of the human society has been captured and killed which has also damaged interest of one and all in the entire globe who so ever and ho so ever is influenced by Indian industries and wealth as wealth creation and economy for the entire humanity is interdependent and common wealth common to all globally, hence this shame has to be borne by the entire Indian segment of the global human populace for failing to keep the interests of all the entities whose interests vest in India.
The faith in Indian currency, the value of which is dependent upon the GDP of India is also giving low value to all the currency owners for which only these corrupt elements in the PSBs are responsible. The publicly circulated currency including overall Indian currency value as recognized by the RBI has lost majority of chunk of value and what remains is only exhausted value in this fully fledged, value oriented and wealth conductive environment of this Indian sub-continent, hence in order to even maintain friendly relations with one and all in the globe, the only obstacle is the PSB babus corrupt elements shaming the Indian citizens for being inept and incompetent to uphold the interests of their friends. This has created the greatest of danger for global peace as well and blaming and shaming Indian people for it. The overall value of Indian currency and the GNP (Gross national Product) has been almost fully destroyed by the PSB corrupt elements including those in the RBI.
Thought: =<click>> Could Trump Make America Great Again?
We know that the easiest modus operandi, the corrupt elements resort to is ignorance of the people from facts and laws, rights and legitimacy and with psychological influence dupe them by creating their reliable persona and making myths and rumours floating across the entire populace by and large. Hence it becomes natural duty of the intellectuals to prevent humanity from such evil elements and bring the facts to light for which the following instances and evidences are being presented in concise:-
1.) <to continue>
<<<<<<< We, are willing to present the matter in utter public interest, and against disinterest of "The People" of India.
