My take on Punjab national bank scam- let all details come out first.

My take on the scam is scam started in 2011 where fake LOUs was issued which is kind of bank guarantee where you can raise money from another bank.

What I believe is such a big amount cannot have surpassed the eyes of even higher banking authorities. How can only Deputy Manager can do everything and that too of the only single or just a couple of branches without any other authority's Notice?

Now, this scam may have extended till 2017 or 2018 as 11k crores are not given in one transaction only and Allahabad bank, State bank and Axis Bank is also in this chapter. Whether fresh LOUs were issued or not is not clear therefore it is too early to comment on it.

If scam also extended during NDA tenure, it would be a blot on this govt that it failed to curb corruption in its tenure. It is also a big setback as finance ministry is trying to solve NPA crisis and trying to recapitalize banks but again someone just fled with the money.

I also believe that Nirav Modi and Mehul Choksi must have been informed or they must be aware that they will be behind the bars if they would not leave the country and therefore they fled before FIR registered against them which means not just branch manager knew this few more people must have known this sitting on the upper hierarchy.  

Dinesh Dubey had resigned from Allahabad bank because he objected the loan that was going to be sanctioned to Nirav Modi and as per his statements he informed finance minister too who was P Chidambaram at that time but we cannot completely trust just by someone's allegations. Let it prove. Hari Prasad who was one of the persons who had business to deal with Mehul Choksi had written to the investigative agencies multiple times but they did not take any actions and finally, he reached out to PMO between June-July 2016 about fraudulent balance sheets in Mr Choksi's business (Remember here that he had nothing to do with Nirav Modi neither his complaint) but I believe if govt would have dig deeper than just passing complaint to ROC Maharashtra then chapter of Nirav Modi must have come out at that time only. So, I blame government too for ignoring such complains because ROC comes under Economic affairs department of the state government. 

I believe people also gave the mandate to Mr Modi because people were fed up with the scams and they wanted to culprits getting punished under the new government. I am still waiting for the day when corrupts will be behind the bars. The government should walk the talk.

Finally, I guess congress knows better about figures of PNB Scam than even ED and CBI as Congress has revealed the figure of 22000 crores. The government should ask them other than an investigative agency.