NEW DELHI: Congress president Rahul Gandhi on Sunday launched a scathing attack on Prime Minister Narendra Modi, alleging that the latter was bailing out the debt-ridden Infrastructure Leasing and Financial Services (IL&FS) using funds from the State Bank of India (SBI) and Life Insurance Company (LIC).
“Modi Ji, your favourite private company, ILFS is about to sink. You want to save it by using LIC money. Why? LIC is a symbol of trust in the country. People save every penny to buy an LIC policy. Why do you want to protect the fraudsters with their money? Does ILFS mean ‘I Love Financial Scams’ for you?” he tweeted.
Earlier in the day, the Congress President, while referring to the same issue, had claimed that the “chowkidaar” had been caught after the scam surfaced in the public domain, reports ANI. “Lights, Camera, scam. Scene 1: 2007, CM Modi gives IL&FS the GIFT CITY project worth Rs 70,000 crore. Nowadays, there no work. The fraud has surfaced. Scene 2: 2018, PM Modi is bailing out IL&FS using Rs 91,000 crore in public funds from LIC-SBI. The chokidar is caught,” he had tweeted.