Absconding dimantaire Choksi’s firm Gitanjali Gems tops the record of these defaulters with a whopping quantity of Rs 5,492 crore, in accordance with the record.
This is adopted by REI Agro with Rs 4,314 crore and Winsome Diamonds with Rs 4,076 crore.
Rotomac Global Private Limited has funded advances of Rs 2,850 crore which have been technically written off and Kudos Chemie Ltd with Rs 2,326 crore, Ruchi Soya Industries Limited, now owned by Ramdev’s Patanjali, with Rs 2,212 crore and Zoom Developers Pvt Ltd with Rs 2,012 crore being the opposite corporations.
Mallya’s Kingfisher Airlines figures in the record at quantity 9, with excellent of Rs 1943 crore which have been technically written off by the banks.
Forever Precious Jewellery and Diamonds Private Limited has loans of Rs 1,962 crore written off whereas Deccan Chronicle Holdings Limited have Rs 1915 crore written off loans.
Choksi’s different companies Gili India and Nakshatra Brands even have loans of Rs 1,447 and Rs 1109 crore respectively written off.
REI Agro of Jhunjhunwala brothers is already underneath the scanner of ED. The CBI and ED are additionally probing alleged fraud by the house owners of Winsome Diamonds.
Vikram Kothari’s Rotomac is the fourth in the record. He and his son Rahul Kothari have been arrested by the CBI for financial institution mortgage default.
In the final Parliament session, Rahul Gandhi had requested the federal government to offer a listing of high 50 financial institution loans defaulters in the nation, resulting in sharp exchanges and uproar in the Lok Sabha.
“The information on top 50 wilful defaulters and their sum of funded amount outstanding and amount technically/prudentially written off as on September 30, 2019 reported in CRILC by banks, is provided,” the RBI stated in its written response dated April 24.
In his utility, RTI activist Saket Gokhale had sought the record of defaulters as on February 16, however the RBI stated the requested data just isn’t accessible.
The RBI stated that in accordance with part 8 (1)(a) of RTI Act 2005 learn with para 77 of Supreme Court judgement of December 16, 2015 in Jayantilal N Mistry case, data on abroad debtors is exempted from public disclosure.
“Data is as reported by banks and RBI will not be held responsibly or accountable for any misreporting and/or incorrect reporting by the reporting entities,” the RBI stated in the written reply to the RTI question.