SBI’s Drama is Too Little, Too Late
Sixteen years since RCom’s downfall, sbi and bank of india have suddenly woken up to declare Anil Ambani a fraudster. The figure at stake? ₹2,929 crore allegedly misappropriated. But here’s the bitter truth: this is pure eyewash.
Ambani is no ordinary defaulter. Reports peg his loan defaults at nearly ₹47,000 crore, and yet, even after shutdowns, he was seen getting fresh loans, placing orders for new business jets, and bagging massive defence contracts. Ordinary taxpayers who miss paying ₹10,000 face frozen accounts, property seizures, and blacklisting. Ambani? He continues to thrive in elite circles.
The banks blame Ambani now, but where were they when loans were sanctioned? Most of those senior officers are now retired comfortably, their decisions never questioned. Today’s classification feels more like a PR stunt than justice.
The indian system has always had two rulebooks: one for billionaires, one for the middle class. Declaring anil ambani a fraud today doesn’t undo years of leniency, nor does it prove the will to recover public money. This is not accountability—this is theatre.
This saga isn’t just about finance. It’s a high-stakes chess game where power, protection, and perception intersect:
Banks wake up only when the game is over—and only some players face the music.
Legal theatre unfolds with buzzwords like “fraud,” “diversion,” “non-compliance,” yet the AMBI camp argues they were denied basic fairness—a hearing, shared evidence, or a chance to respond.
Justice or Juggling? The same system that clamps down on ordinary folks seems to bend for the elite—or at least flash them a warning light.
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