Yash Birla owns properties valued in billions of rupees but one is really surprised that he has cheated investors of their valuable money in financial scams to the tune of 300 crores for which he has been served with an unbailable warrant by the Economic Offences Wing (EOW). The Birla’s are a respected family in our country’s history and their contribution in India’s freedom struggle and economic development is well known. However, there is a ‘Black Sheep’ in every family and Yash has been a stigma on the Birla name and his elite lifestyle is responsible for most of his financial mess.
The law should take its own course and Yash should be made to pay for his sins. Our country is under revamp and Prime Minister Modi should see that rich persons don’t loot small investors whose hard earned money should be returned back to them. Citizens today are struggling to get their own money withdrawn from banks and industrialists like Yash Birla, Vijay Mallya, Subrata Roy etc are enjoying an elite lifestyle through tax payers money.
Birla family members too should intervene and bailout Yash Birla so that the family name is restored and at the same time the small investors too recover their hard earned money. The law on black money in our country is getting strict and right time to plug loopholes in our financial system too so that financial scams and frauds too are checked as well as controlled!
(The views expressed by the author in the article are his/her own.)