In India, politicians accountable but regulators aren't: FM
Speaking at a business summit on Saturday, Finance Minister Arun Jaitley said that in the Indian system, politicians are held accountable for bank frauds but regulators are not. He added that the decision of multiple layers of auditing system to ignore the frauds was "worrisome". This comes after jeweller Nirav Modi was accused in the â¹11,300-crore Punjab National Bank fraud.