NEW DELHI: The government has piled up a list of people barring from leaving the country because of their involvement with companies which have defaulted on loans according to reports of TOI.

The people were selected because of their roles as directors or owners of Indian companies which have been recognized as so-called wayward defaulters, firms which reject to repay loans despite having the means to do so. Some 400 Indian companies have been classified as “willful-defaulters”.

Public anger against Modi-led-Govt and his administration is rising after Nirav Modi and Mehul Choksi two prominent jewellers left the country just before their alleged participation in the nation’s biggest bank fraud at Punjab National Bank came to light. Less than a month after first details emerged, lawmakers introduced a bill that will give authorities power to take possession of the assets of fugitive offenders people who have fled the country after committing an economic offence involving Rs 100 crore or more.

In addition, to recognize those executives who allegedly involved in these kinds of Scam, Prime Minister Narendra Modi’s administration has asked Indian banks to give passport details of a larger group of individuals who have signed applications or stood as guarantors for disagreeable credits of more than Rs 50 crore.