I will give wilful defaulters a taste of the law, says PM Modi
Prime Minister Narendra Modi has said he would give a taste of the law to wilful loan defaulters who, having defaulted on huge corporate loans, escape to foreign countries.
“Kanoon kya hota hai yeh mein un logo ko dikhaoonga (I will show them what law can do),” Modi said in an interview with Times Now news channel.
The Prime Minister was responding to a question on big businessmen who default on loans but go scot free, taking advantage of loopholes in the law.
Modi said he would bring all such people back to the country to face the law.
“The public is sure that if anyone can do this, it is Narendra Modi. And I would certainly do it,” he said.
He was speaking in the context of former IPL chief Lalit Modi and liquor baron Vijay Mallya, both of whom are charged with alleged financial fraud and have fled to London.
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