Bigger India
Why prospect of staying in ‘Trump Tower’ appeals to India’s billionaires in times of Nirav Modi scam
Over the years, successive governments--be it the present Narendra Modi regime or the previous Manmohan Singh regime--have given an impression that rich can freely steal India's money and enjoy all the comforts.
The visit of American President Donald Trump’s eldest child, Donald John Trump Jr, to India has come at a time when the country has been hit hard by a massive banking fraud. Thanks to billionaire jeweller Nirav Modi, the hard-earned money of India’s honest taxpayers are being transferred to an unknown location with the help of India’s second largest PSU bank, Punjab National Bank (PNB). The Nirav Modi-PNB scam is estimated to be about Rs 11,400 crore.