Headline April 30, 2018/ ''' * INDIA'S -BANKERS- INTENT* '''

''' * INDIA'S -BANKERS- INTENT * '''

MERIUM - RABO - HALEEMA - Saima - Dee - Zainab - Seher - Lakshmi/India - Jeniffer - Eman-  Aqsa- Sarah- Zilli- Juniper, Shahbano, Nina-

Now you all. so *beautiful and great heroes*, just remember to  ever remind : Hussain, Shahzaib, Jordan,  Salar,  Bilal,  Zaeem,  Ali, Sharayar,  Faraz, Umer,  Vishnu/ India, Sharayar,  Wajahat, Umair Nasir,  Haider, Reza, Ghazi,Toby/China, that-

The World Students Society is the exclusive ownership of every single great and good student of  India. Just as it is, the exclusive ownership of every single student of Proud Pakistan: One Share-Piece-Peace.

And just as it is the exclusive ownership of every great student of the entire world over, many, many  times.

NIRAV MODI SO BEAUTIFULLY brightened Kate Winslet's earlobes and made Taraji P. Henson's collarbone glow and glitter.

A Master Jeweler to the stars, Mr. Modi attained wealth and fame in India in a few short years.

He socialized with British royalty and rubbed elbows with Donald Trump Jr. He opened an opulent outlet on Madison Avenue in New York.

In January, he met with  Narendra Modi, India's Prime Minister and just so NO relation, at the annual gathering of the world's elite in Davos, Switzerland.

Today, he is on the run for his world and his life..

About a week after Nirav Modi grinned for the cameras with the prime minister in January, a state-run Indian bank told regulators that it had found nearly $1.8 billion in Fraudulent transactions linked to the jeweler's account.

Indian officials now accuse Mr. Modi, his family and business associates of assembling a global empire with nearly $3 billion in money obtained illegally, mostly from government run banks. He denies wrongdoing.

The chase has enraged and captivated India at a time when the public increasingly believes the country's debt laden government banks are enriching its flashiest, most corrupt business tycoons.

Parliament sessions have deteriorated into screaming matches, with political opponents exchanging accusations of collusion with the jeweler.

Finding Mr. Modi and convicting him, has become something of a national pastime.

For many Indians, the allegations against Mr. Modi furtther cement the notion that taxpayer-owned banks are footing the bill for the lavish lifestyles of a rising elite. The idea has a particular resonance in a country where stark poverty remains dire.

Before Mr. Modi, India watched as Vijay Mallya, an airlines-and-liquor magnate known as the King of Good Times, fled to Britain as banks tried to collect $1.4 billion.

Many of the banks left on the hook were state-owned. He has denied wrongdoing.

The state-owned Bank of Baroda has drawn news media attention over over its business with the three Gupta Brothers, who left India in 1993 and built a sprawling corporate empire in South Africa. They have been caught up in political scandal there that led to the resignation of the South Africa's president Jacob G. Zuma.

Bank of Baroda denied wrongdoings in a written response to questions, asserting that it acted in good faith and that many of the transactions it handled for the  Gupta brothers were received from other banks.

In February, the Indian authorities arrested Vikram Kothari, a ballpoint pen magnate, saying he had diverted loans given to his company by seven-government owned lenders. He also denied wrongdoing.

The allegations against Mr. Modi have only strengthened people's wariness of the state banks. Indian officials have publicly accused him of working with tellers at a single branch of one of them, Punjab National Bank, to obtain $1.8 billion from branches of other banks.

So far, five Indian banks have been swindled in the scandal, four of them government owned, the authorities in New Delhi say.

Just a decade ago, during the global financial crisis, Indian lenders were held as a bastion of stability.

Today, they are considered more vulnerable than those in other leading emerging markets, mostly because state-controlled lenders dominate the sector, according to the International Monetary Fund.

Of the $6.5 billion in Fraudulent loans that have hit the industry over past two years, the most egregious cases were at government-owned banks, according to figures released by the Parliament.

Executives at those lenders are more likely to be appointed for their political connections than for their talent, financial analysts say.

''For every Nirav Modi in this country, there's 10 more, and they are emboldened when they see the government failing to take action or pursue the right protocols,'' said Vineet Dhanda, a lawyer who is urging the Indian government to tighten up the banking sector.

The Honor and Serving of the latest Operational Research on World and Living continues. The World Students Society thanks author researcher Maria Abi-Habib.

With respectful dedication to the Leaders, Students, Professors and Teachers of the world. See Ya all on !WOW! - the World Students Society and Twitter - !E-WOW! - the Ecosystem 2011:


''' Bubbles & Bangs '''

Good Night and God Bless

SAM Daily Times - the Voice of the Voiceless