The latest scam in India is in Punjab National Bank. Rs.11,500 crore has been siphoned off to foreign country during the last few years. In the one branch of the PNB at South Mumbai, the above said amount was lost to the Bank in which diamond merchant billionaire Nirav Modi and some officers of the branch are involved. CBI as well as Enforcement Directorate have filed FIRs. It seems that the bank authorities and the government were sleeping when all this loot was going for years together.
Public banks are looted and the government looks as an outsider. The people can not be blamed, if they suspect that all these are done with the complicity of the government. Mallya has left the country and Nirav Modi may also escape. The case will go on, but whether the culprits will be punished? The chances are less.