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Rahul attacks Modi over IL-FS issue

Rahul Gandhi said he wondered if by ILFS the Prime Minister did not mean ‘I Love Financial Scam.’

Statesman News Service | New Delhi |

Congress president Rahul Gandhi on Sunday launched a blistering attack on Prime Minister Narendra Modi for allegedly bending rules to help a company- IL&FS- with a multi-crore rupees bailout package using people’s hard earned money deposited with the Life Insurance Corporation (LIC) and State Bank of India (SBI).

“Lights, Camera, Scam. Scene 1: 2007, CM Modi gifts IL&FS company Rs 70,000 crore Gift City project. Till date no work has been done. Conspiracies aimed at committing fraud come to light.

Scene 2: 2018, CM Modi is giving Rs 91,000 crore bailout package to IL&FS using people’s money lying with LIC and SBI,” Congress president Rahul Gandhi tweeted on Sunday.

The Congress president further went to added that there was something fishy about the entire matter as he added “Chor ki dari mein tinka”.

Further continuing his attack on the Prime Minister, Rahul Gandhi told him that the company dear to him is sinking. He charged him with using LIC money to bail out IL&FC. He asked Modi to explain the reasons behind his bailout plan for the company.

“LIC is a symbol of peoples’ trust. People buy LIC policies using their hard earned money. Why do you shield fraudsters using people’s money,” Rahul Gandhi further tweeted.

Rahul Gandhi said he wondered if by ILFS the Prime Minister did not mean ‘I Love Financial Scam.’

According to reports IL&FS has a debt burden of more than Rs 90,000 crore. LIC is the largest stakeholder in IL&FC with 25.34 per cent stake.