SFIO summons ? #PNB
#NiravModi
-----------------------------------------
Here are today’s headlines :
Extract :
" Both Kochhar and
Sharma sent their
representatives today.
Officials from the other banks will be also called for questioning,"
sources said.
Common Man’s
interpretation :
Who cares ? Ask
our deputies – lawyers
Extract :
In a reply to stock
exchanges, ICICI Bank said it is a part of the working capital lender consortium,
adding its exposure is not the
highest
Common Man’s
interpretation :
·
What is an exposure of a few hundred crores of
rupees ? Peanuts !
·
It was a “ working capital loan “ – not real
money of shareholders !
We did not do it alone
– all by ourselves !
Axis bank response to
the SFIO summons
:
“ Our exposure to these
entities is just Rs 200 crores and we are not the LEADER in the consortium “
Meaning :
“ Hey ! Why chase us ?
Go after the LEADER ! or after those Public Sector Banks
We are neither owned by
the government , nor answerable to it since this was not tax payer money . We will ensure that
shareholders don’t ask uncomfortable questions during AGM “
My Take :
Even if technically , those CEOs of Private Sector
Banks can get away by deputing their subordinates to go and meet SFIO , the
message that they seem to be sending to 1.3 billion Indian citizens is loud and
clear :
“ Send all the summons that you care .
Like #NiravModi
#MehulChoksi #Gitanjali #KartikChidambaram etc , we too
are ABOVE THE LAW of the land . “
07 March 2018
www.hemenparekh.in
/ blogs
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