Raghuram Rajan about fraud list given to PM's Office

17-12-2018 Mon 09:53

Former RBI Governor Raghuram Rajan, in an exclusive interview, talks about the list of the biggest frauds that he had given to the Prime Minister's Office. Giving an example, Rajan said a jeweller took a loan of Rs 4,000 crore from the banking system and repays as per loan agreement for some time. Suddenly, the jeweller declares that overseas buyers had defaulted against him, former RBI chief said and added that all overseas buyers belong to the company owned by the same jeweller.

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