With the winter session in impact, the ruling BJP and the Congress are once more at odds not solely over every day enterprise routines but in addition attributable to remarks made by leaders of the respective events. Whereas the opposition agreed to a easy conduct of enterprise in Parliament after preliminary washouts, BJP MP Sambit Patra’s assertion once more raised the temperature within the decrease home.
Talking on the Banking Legal guidelines (Modification) Invoice 2024, the BJP first-time MP from Puri claimed that the Indira Gandhi-SBI episode was probably the most ‘mysterious and thrilling banking fraud’ of 1971. Para spoke about systemic corruption within the banking trade and in addition the necessity to plug the loopholes. When he raked up probably the most sensational banking fraud circumstances in historical past, the one which occurred throughout the Indira Gandhi regime, it led to an enormous uproar and elicited robust protest from Congress members.
“On Could 24, 1971, a cellphone name was made to the Parliamentary department of the State Financial institution of India department. Mr Ved Prakash Malhotra, the financial institution supervisor, picked up the cellphone name and was shocked to listen to the voice on the opposite aspect. It was the voice of Indira Gandhi. She directed the financial institution supervisor to provide Rs 60 lakh to Nagarwala,” Patra identified.
Recalling the Nagarwala scandal of 1971, the BJP MP mentioned that it was probably the most mysterious and thrilling tales of banking fraud circumstances, that occurred throughout the Indira Gandhi regime.
The thrilling and mysterious story of banking fraud throughout Indira Gandhi’s authorities!
On Could 24, 1971, Indira Gandhi, the then Prime Minister, allegedly referred to as the Parliamentary Department Supervisor of SBI, instructing the speedy launch of Rs. 60 lakhs to Nagarwala.
A committee… pic.twitter.com/OANzYkhaUC
— Sambit Patra (@sambitswaraj) December 3, 2024
Patra’s direct cost on the then Congress PM left the grand previous social gathering see crimson. KC Venugopal stood in protest and vociferously countered the fees by stating that her robust governance earned her the title of ‘Maa Durga’ by the then BJP veteran Atal Bihari Vajpayee. It was solely on the intervention of Lok Sabha speaker Om Birla that the Congress members relented and toned down their vociferous protest.
Finance Minister Nirmala Sitharaman too got here ahead in Patra’s defence and disputed the claims that Vajpayee described the then PM as ‘Durga avatar’.
The Nagarwala scandal of 1971 is purportedly one of many largest monetary scandals of Indira’s time and the fees have been colossal sufficient to place the then Congress govt’s destiny in jeopardy. A few books have additionally talked about a ‘very secret name’ to the SBI cashier from somebody impersonating Indira Gandhi and directing the supervisor handy over Rs 60 lakh to Rustam Sohrab Nagarwala, a retired Military captain.
