Mumbai: Reserve Bank of India (RBI) has confessed in an RTI that it has put a huge amount of Rs 68,607 crore in the discount account of the top 50 willful defaulters. Among these willful defaulters, fugitive diamond trader Mehul Choksi is also named after the country's banks.
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On giving information, an RTI activist has said that this outstanding is due to the loan status of these borrowers on February 16 this year, which the RBI has no hope of getting back. The RTI activist said that the government did not give a clear answer to the same question asked in Parliament on 16 February this year, after which he sought an answer from RBI through RTI. According to the RBI's reply, this loan amount is based on September 30, 2019, which has been put in the discount account.
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However, the RBI refused to give information regarding foreign borrowers citing a decision of the apex court. However, RBI tops the list with the names of Gitanjali Gems Limited controlled by Mehul Choksi and its associate companies Jilly India Limited and Nakshatra Brands Limited. These companies owe about Rs 8,100 crore jointly. The list also names REI Agro, a company headed by Sandeep Jhunjhunwala and Sanjay Jhunjhunwala, with a debt of Rs 4,314 crore.
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