NPA files on NewsX: NAFED loaned to defaulted Swarup group of industries, resulting in a major debt trap
- 6 years ago
It's time for the second part of our biggest NPA investigation yet. Earlier we had told you the story of how the babus of NAFED, a major government undertaking, have been allegedly colluding and conniving with notorious businessmen, ultimately looting the people of the nation not once, but twice.
Now we bring you the second part of that investigation. This is the story of Swarup group of industries, one of the many companies that defaulted in 2004, resulting in a major debt trap for NAFED. Over the course of the next half an hour, we will show you where your money went. We will expose how major companies get loans without collaterals, how money meant for farmers is used to buy luxurious items and how the same people roam around freely.
Now we bring you the second part of that investigation. This is the story of Swarup group of industries, one of the many companies that defaulted in 2004, resulting in a major debt trap for NAFED. Over the course of the next half an hour, we will show you where your money went. We will expose how major companies get loans without collaterals, how money meant for farmers is used to buy luxurious items and how the same people roam around freely.