Manmohan Singh - A Liar?

We can understand if the Indian prime minister Manmohan Singh is a servant; a servant to his party and its leader.

But is he a liar? I do not know. Hence there is a big question mark hanging at the end.

From Times of India

PM Manmohan Singh says:

Pratibha Mahila Sahkari Bank Limited had to be shuttered, like 71 other cooperative banks in Maharashtra, because of environmental reasons (A cooperative bank Pratibha Patil had launched and named after herself).

But Reserve Bank of India, RBI, in February 2003, recommended the scrapping of Patil’s bank. The RBI’s report represents a scathing indictment of Patil’s bank on a range of counts from poor loan recoveries to abnormal increase in non-performing assets.

From Indian Express

PM says:

It was not proper to target Patil because many sugar mills in Maharashtra were facing financial problems.

But RBI cancelled the licence citing the following:

1. Financial irregularities
2. Faulty loan policy
3. Her brother admits taking loan from bank meant for women

What did PM imply? Facing financial problems and financial irregularities are at the same level? See what servile power can do to once well-respected finance brain!!!

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