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Time to look for a safe deposit box
June 05, 2018
A gentleman with a name eerily close to the prime minister's has been
making news. Companies associated with him borrowed billions from a bank
and did not repay; while the bank is in trouble with authorities, its
customer flits from city to city abroad and continues to live in luxury.
He is not the only one living it up on loans from government banks.
There is another, once famous for throwing lavish parties on a luxury
yacht in the Mediterranean, who lives comfortably in a country cottage
in England while his Indian creditors try without success to get Britain
to extradite him.
If their examples are any guide, borrowing big sums from Indian banks
and escaping abroad to enjoy life is excellent business; it may attract
more seekers for good times. Read the full column
here.
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