They owe estimated 8,500 cr to banks, out of 58,000 crore owed by all wilful defaulters. The latest list was released on Wednesday by All India Bank Employees’ Association (AIBEA), the apex body of bank employees. Diamond merchants, a former IAS officer, engineering companies, a class 4 employee union of Vadodara city and a national level co-operative body feature in the list of over 5,600 wilful bank defaulters, according to a report. Gujarati businessmen or businessmen based out of Gujarat constitute close to 15% of the total accounts. “Many banks have made various efforts to get back the money but not a single Rupee has been recovered,” he said.

Source: dna July 21, 2016 04:29 UTC