PNB fraud case: Sibal answers Jaitely, says it is very glib for people to say regulators are responsible

Kapil sibal
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Kapil Sibal on Saturday questioned Arun Jaitley’s statement in Global Business Summit in which the Finance Minister said that it is wrong to blame politicians for banking frauds instead of regulators.

The minister was speaking on the PNB fraud case in which the bank officials illegally issued Letters of Understanding to the Nirav Modi and its companies.

The Senior Congress leader hitting at the finance minister asked, Why blame the only regulator?

He also questioned the political system & said that Finance Ministry must’ve known about it.

The leader further questioned, What was the nominee of the govt doing in these banks?

“Issues need to be investigated, it is very glib for people to say regulators are responsible,” Sibal added.

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