the change in government in 2014.

Rajan dragged PMO

Raghuram Rajan, then RBI chief, sensing the mounting pressure of NPAs on banks and the role of the powerful people from the real estate and diamond sectors decided to take the matter to the prime minister’s office (PMO). In the first half of 2015, he wrote to the PMO seeking “concerted” action in this regard.

The Hindustan Times, quoting sources, noted that Rajan pegged the value of the scams at about Rs 17,500 crore. In the letter, he also outlined the reasons cited by banks for delays in their investigation and the status of the cases as obtained from the CBI.

Rajan also later confirmed that PMO was pursuing big default cases. While speaking at a seminar on the topic of ‘Resolving StressUK, Jatin Rajinikanth Mehta is a citizen of Saint Kitts and Nevis in the Caribbean. He now owns a company called Diamond Distribution Company (UK) Limited that was incorporated August 1, 2016. Mehta has listed his residential address as 1 Bell Street, 2nd Floor, London, England, NW1 5BY.

In sharp contrast to Vijay Mallya, Indian banks are left with almost nothing with which they can recover their loans Mehta. The Times of India reported in August 2014, that the banks were left with nothing. Journalist Josy Joseph noted that “the collateral security provided by Winsome is worth just about Rs 250 crore”.

“…Jatin Mehta may not have many assets in India. He used to take commercial spaces on rent, and operated through his trusted staff and managers. Investigators have so