In the midst of cheating of thousands of crores of rupees including Punjab National Bank and a billionaire jeweller fleeing the country from there on, there are likewise stories of repayment of advance after death.

We are discussing previous PM Lal Bahadur Shastri who had taken an loan of Rs 5,000 from PNB. The loan amount was later paid by Shastri’s wife in the next years of his passing in Tashkent.

Reviewing the example, Shastri’s child and previous Union Minister Anil Kumar Shastri had once told a daily paper that the PM did not own a car however the family members had been bugging him for one. He told his secretary to find out how much a Fiat car cost. The cost was observed to be Rs 12,000. Yet, Shastri had just Rs 7,000 in the bank. He applied to PNB bank for a loan of Rs 5,000, which was sanctioned in under two hours.

Shastri speedily summoned the bank officer who had sanctioned the loan to his office to ask if the bank was similarly fast in authorizing loans to other individuals. He advised the officer to be instant in meeting the necessity of the bank’s clients, reviewed Anil Shastri.

Shastri passed away before he could pay back the loan. After his death the bank asked his wife, Lalita Shastri for the repayment of the loan, which she she repaid from the family pension.

The 1964 model Fiat bearing number DLE 6 was cream colored. It is currently displayed in Delhi’s Lal Bahadur Shastri Memorial at 1, Motilal Nehru Marg.

The current fraud distinguished in state-run Punjab National Bank has activated emergency in the keeping money industry. The USD 1.77 billion (about Rs 11,400 crore) trick in PNB includes billionaire jeweller Nirav Modi allegedly acquiring fraudulent letters of undertaking (LoUs) from a branch in Mumbai to secure abroad credit from other Indian loan specialists.

Niravi Modi and Gitanjali Gems Chairman and Managing Director Mehul Choksi, who are the fundamental charged in the trick left India in January. In the mean time, the Enforcement Directorate (ED) and the Central Bureau of Investigation (CBI) are testing the issue and leading inquiries and attacks at different areas connected with Nirav Modi and Gitanjali Gems.

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