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Government assures action against Nirav Modi, blames UPA

IANS  |  New Delhi 

The NDA government on Thursday sought to distance itself from the financial fraud done by Nirav Modi, blaming the previous Congress-led regime for influencing loans that became non-performing assets (NPAs) while asserting that the guilty will not be spared.

Addressing a press conference, Law and said no loans have been given in the Narendra Modi government's tenure which can become NPAs and the loan to was given during the tenure of the (UPA).

"The had said in the Lok Sabha that our government has not given any loans that have become NPA (Non Performing Assets). The legacy of NPAs comes from the Congress," he said.

Prasad also questioned Congress' right to comment on the incident, claiming that their government allowed liquor baron to run away with around Rs 9,000 crore which he had taken as loan from 17 Indian banks.

He promised action against and against all those who helped him in the fraud. "No one will be spared.

"When ran away, there was no action against him. This time action was taken immediately. The Income Tax (Department) is taking very strict action against him (Nirav Modi)," he said.

Prasad also slammed the for referring to as "chhota Modi".

"is the of a party not because of his capability but because of his family. What kind of language are they using?"

Asked if the incident will taint the Prime Minister's image, he said: "The Prime Minister's image cannot be worse than that of the and (Randeep) Surjewala. Modi has the blessing of the people of "

The Congress on Thursday asked the to come clean on the government's "failure" to prevent the scam and identify those who helped the alleged kingpin, billionaire Nirav Modi to flee the country.

The Congress accused the and other authorities of not taking action even after a complaint was filed to the PMO in July 2016.

--IANS

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, February 15 2018. 18:38 IST
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