No action against wilful defaulters

While small borrowers who do not repay their loans on time are harassed, many of the businessmen who take large loans of hundreds of crores will intentionally default on these loans as they have sufficient political clout to ensure that their personal and professional reputation is not affected. In India ,a businessman does not become big unless he or she has the backing of the intelligence and security agencies, and once they take the decision to promote a particular individual, they will cover up all their frauds. Find more details of loan defaulters at Debt and loan guide, how tax payers pay for the lavish lifestyle of some businessmen

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