Dear Shri Joshiji,
Today’s Hindustan Times , carries a news report ..
In this report , you have been quoted as follows :
People take loans and
flee the country without repaying. It’s a matter of concern and a challenge
before the banking system. The government should come up with a fool-proof system to prevent such
frauds,” said the newly
re-elected RSS general secretary Suresh ‘Bhaiyyaji’ Joshi.
In this regard, I request you to consider the “ procedure “ proposed in my following blog ( sent as
email to all Cabinet Ministers – NITI Aayog – Members of PM’s Economic Advisory
Council ) :
Wednesday, 7 March
2018
Passports
( #PNB #NiravGate #Fugitive )
Economic
Times ( 06 March ) carries following news :
Highlight :
The finance ministry may ask state-run lenders to seek
the certified passport
details of borrowers with an
exposure of Rs 50 crore and above to help prevent them fleeing the country in case of
default or wrongdoing of any kind, a senior government official said.
This comes as the government is expected to table the Fugitive Economic Offenders bill in the ongoing session of parliament. The idea is under deliberation, the official said.
“We are trying to ensure a more effective coordination between banks, intelligence agencies and other government departments,” he said.
“In cases where banks feel that there is some
fraudulent activity in a particular account, they can inform the agencies in
advance.”
The government is of view that such information sharing may help prevent
defaulters and fraudsters from leaving the country to evade banks and
investigating agencies
Considering
that the fugitives always plan their departures from India , months or years in
advance, it is most likely that they have managed to get passports of some
other countries , as well
But
invariably , they would have an Indian passport to start with
But just getting passport details won’t
prevent his escape , since our government agencies are notorious for their
snail pace of action !
So
, can something else be done ?
Here
is what I wrote 2
YEARS ago ( and sent as email to concerned ):
“
By automatic freezing of personal bank
accounts of ALL those who signed the loan document ( takers & givers ) , the moment any repayment
instalment becomes overdue by ONE
DAY ?
And automatic / instant revoking of PASSPORT , without having to approach Supreme Court ? “
=================================
For detailed proposal , read :
NPA ? or is it NPB ? [ 08 March 2016 ]
https://myblogepage.blogspot.in/2016/03/npa-or-is-it-npb.html
Word of caution :
When
talking of that “ Information
Sharing “ and “ Effective Coordination “ , keep the humans out of the picture !
Instead consider the following :
· As
soon as there is a “ Loan Instalment
Repayment “ gets delayed ( even by a single day ) , concerned
bank’s server ( computer ) , sends alerts to the Servers of SEBI / RBI / ED /
SFIO / MEA / Passport Office etc
Once
that instalment gets repaid, the alert will get reversed – automatically by the
server
· MEA
server will , in turn , send out alerts to the Embassies / Consulates of all
Foreign Countries located in India, requesting them not to issue any type of
VISA to the concerned bank-loan borrower till alert gets cancelled / reversed
· Server
of the Passport Office sends out alerts to the servers of all the Airports /
the Airport Authority of India / all the Airlines flying international routes
· If
the fugitive tries to buy a ticket for any foreign
destination , Airlines’ Servers will not issue ( even if tried
Online )
· If
he has already purchase a ticket in advance, Check-in Counters will refuse to print a Boarding Pass
( even a Mobile-based boarding pass )
· Web
sites of each lending bank will carry full details of all the loans extended to
all borrowers – along with DEFAULT STATUS shown
in RED
· Each
borrower company must have a Corporate Web Site where it must display full
details of all loans taken from various banks along with repayment details of
each instalment ( - like RERA requirement ? Why not ? )
Harsh ?
Not
considering that the Indian citizens have lost all faith in government agencies
!
They
would rather depend upon the Computers and
Internet to do a better / faster / fool-proof and an impartial job of preventing the fugitives
from fleeing
Dear Shri Jaitleyji ,
Please
entrust any software start-up to build such a “ IndiaStack “
centred application
They
will do it in 2 months !
Believe
me, Prevention is better than Cure !
07 March 2018
www.hemenparekh.in /
blogs
With Regards,
hemen
parekh / Mumbai
(
M ) +91 - 98,67,55,08,08
No comments:
Post a Comment