[Marxistindia] Double Loot of People's Money

[news from the cpi(m)]

December 21, 2018

 

 

Press Statement

 

The Polit Bureau of the Communist Party of India (Marxist) has issued the
following statement:

 

Double Loot of People's Money

 

The government has sought, once again, Parliament's approval to give Rs.
41,000 crores more to the public sector banks to recapitalize them.  This
will take the total recapitalizing amount to Rs. 1,06,000 crore this year.

 

The banking crisis is being caused by the Modi government's patronage to
their cronies to take loans and then leave the country.  Instead of making
efforts to recover these loans, more public money is being pumped in to
finance this loot of public money.  This is the double loot of the
hard-earned savings of the Indian people.

 

Till date, the Modi government has not revealed the list of crony
capitalists and how much they have borrowed. This lack of transparency
deepens the suspicion of the patronage being provided by the Modi government
to such loot of public money.

 

The Polit Bureau of the CPI(M) demands that the list of such crony
capitalists be made public and steps initiated to recover these amounts.

 

 

 

(Hari Singh Kang)

For CPI(M) Central Committee office

 

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