THE GREAT BANK ROBBERY: CORPORATE DEFAULTERS RUN AWAY WITH BILLIONS
2013-11-29 10:12 -Bank robbery always makes big news. But, not when it is craftily conducted by clever corporates. Corporate robbery of banks even carries a fashionable nametag called ‘non-performing asset’. It refers to loans that have gone sour and are not recoverable. Banks simply write them off. Unlike other categories of bank thieves who, if caught, face prosecution under a host of sections and sub-sections of the Indian Penal Code, big-time corporate bank robbers mostly go scot-free although several of them are even known to be habitual loan defaulters.