Prateek Gupta: The Big Indian Defaulter behind a $500 Million International Commodities Fraud
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- čas přidán 1. 03. 2023
- We take great pride in the fact that many successful Indians are occupying corner offices at the world’s largest and most powerful corporate houses and every action of theirs makes news in India. The flip side is that people of Indian origin will also hit the headlines for zip and enterprise of another kind-for gigantic fraud, running mega scams and even market manipulation. Watch this week's video as Sucheta Dalal talks about Prateek Gupta, another PIO who's a defaulter on loans.
For more read: www.moneylife.in/article/prat...
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WE appreciate your daring to fight against such dangerous financial criminals. We request if you can give same in hindi ,90 %people can be reached,and know what is going on in indian bank's looting small account holder on various grounds. Off course this is back supported by politicians
I don't know why we have this obsession of people of Indian origin.If a person doesn't have Indian passport, he is not an Indian and should be treated as any foreigner.
We have well educated people,businessmen,engineer s who strongly believe that demonetization in2016 has started to show the results after six years,like bankrupting Pakistani economy. It is futile to try to educate these people. They will say "look it started in Khangress regime".
how did demonetization in India result in Pakistan going bankrupt exactly?
@@Airpod-god Thats exactly the point Mr Parulekar is trying to make.
The putative link between demonetization and Pakistani economy is imaginary.
Fraud has seems to become the best get-quick-rich model.
No need of qualification, just understanding of loopholes in the Market Systems & weak Banking Scrutiny.
SBI Loan Sanctioning Officers have "off the record" told that they give loans to anyone and everyone as long as the palms are greased. Their "rationale" being that even the top officers of SBI (or for that matter any PSU bank) get paid peanuts compared to the employees of Private Sector Banks. And hence they are compelled to do these things. No wonder of all the scamsters who have escaped out of India, almost all have major defaults with PSU. No prize for guessing which is the biggest bank.
Peanuts paid, then why they work, why not leave the Job......and you also know how the Savarna, have dominated the senior and middle level positions and all coprorates are run by savarna i.e., Hindutva bigots, Bania, Jains, Marvadis, Gujjus they do all frauds, cheat, swindling and illegal business and with that Soverign debts have increased to Rs. 160 lakh crore....It;s Plunder......plundering and looting of Treasury......so will affect all depositiors.......in future...country will collapse & get destroyed
These are the Indian heroes of “amritkal’s”…we shall have many more till 2047 !!!
These kind of fraudsters occur everywhere (US, Europe, Korea, Taiwan etc) throughout history and will continue to do. Just consider the case of the bitcoin fraudster Sam Bankman-Fried who has close ties with the Democratic party. Coming to India, most of these shady loans originated during the 2004-2014 UPA regime. This is the one thing that people like Sucheta Dalal try not to mention because of their political biases. The UPA period economic growth was mostly the result of these free money NPA's given on the basis of political connections. All this started coming out after the Modi government made changes to the insolvency & bankruptcy code that allowed banks to start recovery proceedings after two consecutive months of defaults in payments. Otherwise nobody would have even known anything about these scams.
As always,Sucheta Dalal has done a great job analysing this🙏
Ms. Dalal, could you make a video on this SC committee constituted today to investigate SHORT SELLERS of Adani stocks ? Most media YT channels, TV channels, wrong in assuming that the committee would investigate Adani's stock manipulations !
Great episode 🙏. On a lighter note. Consider this: There are two main goals of our banks (1) Actively look for borrowers who will dupe them (2) Creating NPAs😅. Their Motto should be "We also make profits as a by product"
Don't know whether to laugh or to cry. It's such a dismal situation.
@@sushmitag8463 I agree. Truly dismal.
😜😜😁😁
How do banks lend on personal gaurantees? Why are these bankers not fired. If not jailed.
Amazing piece of Journalism.
"Pick the target, freeze it, personalize it, and polarize it. "
Well, the culprits don't have any repercussions. So these things will keep happening.
Again knowledgeable video. Your great effort to educate us. But truth is not acceptable by large audience
you should do a short video where you recommend books you read. it would be very helpful
There should be an anonymous group that cuts short lives of corrupt people. Kuch nahi hoga India ka
Good post
Very nice reporting Madam...🙏
This is staggering!
These criminals are freely roaming. What is a punishment for financial frauds minimum to maximum
Considering that loss of their money affects innocent investors lives, it is worth bringing a law that prescribes the Death Penalty for proven Large scale fraud of public money
With the current woke dispensation active in the supreme court, such a law is unlikely. but its a thought
Suchita I really appreciate your efforts and team for this, and thanks for calling Spade a Spade
True
Madam.. nobody reports such information.. our Govt & regulators as you always say are least concerned
The central bank have tremendous power to print. ...they are not bothered. .present government will borrow 22 lakh cr this year
Extremely surprised to know this why Indian bank gives such high amount loans
Even in nclt so far nothing is happening
I think in this, first the question should race on Indian banks
How can our bank give so big amount of loans
Love you 💖
Sounds like the infamous Salad Oil Scandal in which AMEX was involved
👌
Unfortunately credit risk and underwriting shady individuals 😪 has become the norm 😪
👍
This will go on for some time.and then the west will boycott Indian businesses .and may be Indians as it happened in African countries
Continue investing in PSU Banks because they're going up in stock mkt. Who cares if they keep losing money. Meanwhile we will badger people who advise to invest in clean companies because share price is down !
"Ridicule is man's most potent weapon. There is no defense. It is almost impossible to counterattack ridicule. Also it infuriates the opposition, who then react to your advantage."
You will notice that it is always the sarkari bank employees of SBI who are over eager to give loans to the fraudsters, obviously for a cut of the loaned amount. Same with PNB and other banks in the sarkari sector. Even the private Yes Bank had banker and Congress collusion. Yet SBI is the preferred banker of millions. Inspite of the worst service.
actually... this is more about Indian banks 🐸🐸🐸
FM is only good to face the press and give her gyan but actual things r managed by double engines
Aap ko last 20 days se dekh raha hoon, aur dusre anylist ko bhi, results yeh nikal raha hai, market me Bane raho...
This is an amazing piece of journalism.... really appreciated.
Indian stock market is fully manipulated by businessmen and other officials who are supposed to protect investors. Nifty is the worst performing market
Undoubtedly.
Massive Rigging and Manipulation
Karvy latest news?
Heard you first time.Horrifying details.But nothing will happen here in our country.People will continue to loot poor man’s money with active connivance of bank management and enjoy life abroad.
How come the bank officers who sanctioned the loan and were responsible for monitoring the loan are never prosecuted or jailed? I think if you put a few of the senior officers behind bars, the rest will learn a lesson.
I worked with them. His staff is also behind this. Start with them. This was pre-meditated and he knew the consequences and moved to Dubai with all this in mind. When his staff quit he wanted to screw them with cases. I had fun traveling with him to Singapore, Hong Kong and Dubai! Only party-sharty! Lol! He had this coming! I hope he rita in jail but that is not going to happen!
Rita=rots
I too worked for them but in dubai.. totally fake guys and no work only scamming from 1 bank to another
Bharat mata ki jai 😢
As always....SBI's name appears as a top lender. Is loan appraisal in the SBI so bad.....or are there other reasons...for this dismal position ???
Being government bank max interference by filling party,this is going on since Indira Gandhi Nagar wala Case rs 60 lac
SBi DN Rd, probably must have had Bills exposure
@@laxminarayanrathi6177 Nagarwala case had nothing yo do with IG. This was stated by RK Talwar, the then Chairman of SBI ( who remains till this day the greatest person who has graced that chair) who said that this was just a ploy by Nagarwala, the head cashier, to siphon off money from the vault
Come on, I was witness to the top officials palms being greased with apartments in the USA and even expensive paintings to many officials. Bribing Judges etc. I have the names and contact on my phone.
His father’s dealings were ok I guess! It’s only after his demise this guy got into bad company and womanizing and partying became his focus! To back these habits, money was needed and it was made no matter how
Thanks Madame
You have been putting out news that seems alien to the Indian news channels/newspapers.
But Madame, you are wrong; to educate more people, the very fact that not many people view your videos shows that the indian people's interest lies elsewhere.
Tax heaven passport must be banned
Thanks for bringing out an another scam.Probably they might have paid 20 crorers to PMCARE.A nationalist by RSS/BJP