Corporate heads have the tendency to be in news for different reasons. Past few days have been very bad for Indian banks because of the big scams that got exposed. The nation had not properly digested the Nirav Modi’s fraud and another similar case involving Rotomac pens owner has come out. The amount involved in these scams is so big that it can’t be ignored without thinking that why all happened despite the laws and system that banks and government follow. Below we have a list of such people who have done big frauds and have left India:
Vijay Mallya is not a person that can be ignored easily. For making beautiful models to get their photoshoot in country’s most popular calendar to living a lifestyle that is a dream for most of the people Mallya was an icon for a lot of people before he got exposed about the Rs 9000 crore he had taken from the SBI bank and flew to the UK. The Indian government is still trying to get him back but isn’t getting the support of UK government.
If you have been following cricket from the 1990s, then you would have heard about the famous South African captain Hansie Cronje’s fixing case. Sanjeev Chawla was involved in that case and he also left India and travelled to the UK. After a number of requests from Delhi Government, he was arrested by UK police but when he rejected the extradition requests by raising concerns over security in Tihar jail.
Lalit Modi was the ex-chairman of IPL from 2008 to 2010. He was involved in many cases with a fraud of amount of Rs 425 crores. Many attempts have been made to get him back. All these people go to the UK because it has strict extradition laws.
The Nirav Modi case is the biggest among all. The amount involved in this scam estimated to be Rs 11,500 crores.He took money from PNB bank and many other private banks as loans by making fake letters of undertaking. The surprising thing is that he left India before any FIR was written against him.
Christian Michel is another name who is involved in such cases. He did fraud of Rs 135 crore with Agusta-Westland Choppers. Michel had signed a contract with the company for buying 14 discarded WG-30 choppers from Pawan Hans. He fled with money as Pawan Hans hadn’t made any such deal with Michel.
These scams give a very bad impression about the laws and the working of the government in the country. All a common can do is to sit and hope for the better future.