Nirav Modi’s net worth is far more of what he owes banks and other lenders. Properties valued in thousands of crores and other assets have already been attached by the Enforcement Directorate and other raids would reveal more in the days to come. The government needs to tighten his case so that every single paisa of the loot can be recovered. Top lawyers should be hired by the government so that Nirav Modi’s legal team can be defeated in the courts.
Most culprits take advantage of the loopholes in our legal system which is the reason why so many scams happen in India. Politicians, bureaucrats and bank employees who are part and parcel of the Nirav Modi scam too needs to be booked so that honest tax payers are not made to cough the loot amount by way of cess to keep banks afloat!
(The views expressed by the author in the article are his/her own.)