The investigation that followed is focused on bank officials and the company without going into what enabled such a massive fraud. For a while, the government blamed the 80:20 gold import scheme introduced by its predecessor; but there is no formal inquiry. Not even into the unusual benevolence shown by RBI and the Securities and Exchange Board of India (SEBI), RBI and SEBI, towards the scamsters who have fled the country. 
Barring a few steel companies, the bankruptcy process seems headed for the same delays and manipulation that afflict out judicial system. Most defaulting companies have no buyers and recovery through liquidation will be less than 10%. In far too many cases, insolvency professionals say that banks are conniving with promoters to sell assets back to them at a fraction of their outstanding dues. But who wants to listen, when the Bankruptcy Bill is touted as one of the big successes of the Modi government? 
Infrastructure Leasing & Financial Services (IL&FS): Isn’t it ironical that a government that was at loggerheads with two RBI governors—Raghuram Rajan and Urjit Patel (who resigned before his term ended)—has failed to question the banking regulator for its failure to supervise a ‘systemically important’ non-banking finance company (NBFC)? RBI failed to act on multiple letters from a whistleblower and even follow up on its own inspection report which had ordered IL&FS to cut its massive borrowings of nearly Rs1 lakh crore. We are still trying to figure out whether this was a case of regulatory capture, defiance or failed supervision. What is significant is that the government doesn’t seem to care. 
DHFL, with borrowings of over Rs100,000 crore has added to the panic and destabilisation already caused by IL&FS, making markets very jittery. And, yet, an investigation by the ministry of corporate affairs (MCA) is only likely to be launched after the Cobrapost exposé. DHFL’s primary regulators—National Housing Bank (NHB) and the SEBI have done nothing yet. Fortunately, the chances of a quiet bailout by providing re-finance through the NHB seem less likely now. 
Developments of the past few days show that it is dangerous to assume that things will always blow over. Chanda Kochhar’s indictment by the Justice Shrikrishna Committee has led to a demand for action against all board members who had defended her in April 2018 at the cost of the Bank. There is also the question of the credibility of the law firm, Cyril Amarchand Mangaldas which gave a clean chit to Ms Kochhar in 2016 and withdrew its report when the winds turned in 2018. The same firm had to be raided by the Central Bureau of Investigation (CBI) to recover Nirav Modi’s documents. 
Given Zee’s history and the fact that it had previously got away unscathed, despite its deep involvement in the Ketan Parekh scam that has been detailed in the Joint Parliamentary Committee report, it is not clear if investors are fully satisfied with Mr Chandra’s promises. That he is a member of parliament (MP) and very close to the ruling government has further damaged the government’s image, when it is already facing charges of cronyism due to Anil Ambani’s involvement in the big Rafale controversy. 
Inside story of the National Stock Exchange’s amazing success, leading to hubris, regulatory capture and algo scam
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1) PPF
2) company PF (12% of basic)
3) VPF (voluntary provident fund)
For private sector employees, these are the only retirement funds they have accrued through self-contribution. It is alarming if any of these are under risk. Please advise.
May be everything was perfectly ok in India before 14th May 2014 and this Government has caused imbalance in the well oiled machinery of corruption in public places / so called well maintained procedure for supervision by all regulatory bodies and statutory authorities by which some small fry will be punished and the main culprit going Scot free
1. You send us almost a email every week. sometimes addressed to me and sometimes among 30 odd people including everybody in government.
2. You have issues with scores of people -- there is no ONE issue that you have raised.
3. We run a tiny organisation -- even if our entire team, including me and our editor worked ONLY on the issues that you alone have raised or complained about -- we would not be able to cope with even 1/20 th of them.
4. We can only write about issues where we have or obtain documentation. Otherwise, it is WE ALONE who face the consequences.
So yes, you may attribute any motives, but if you have read us for several years (which we know you have given that you send us so many emails), you will surely know that we have not been twiddling our thumbs for 5 years or even the 5 years before that during UPA2. We have consistently raised as many issues as we can - given our resources and organisational strength.
I am only responding to your email and not the obviously motivated first-timers because you read us regularly and write to us very regularly.
Coming to regulators, it is almost two decades now since I wrote to the then CM of Kerala to have a cell for monitoring the performances of the quasi judicial organisations in the state. And here is an article-Need to overhaul our justice delivery system – posted on 26/07/2014 at
http://bharatabharati.wordpress.com/2014/07/26/need-to-overhaul-our-justice-delivery-system-p-m-ravindran/