THE GREAT INDIAN BANK HEIST’ - Dr Subramanian Swamy with Journalist Shri J Gopikrishnan -Episode 285

About this episode

The episode discusses the massive financial scandal involving public sector banks in India, featuring insights from investigative journalist J Gopikrishnan.

"The Great India Bank Heist" | Witness of Witness, Episode 285 ₹29 lakh crore. That's $340 billion — more than India's entire defence, health, and education budgets combined — vanished from your public sector banks. Not in a single dramatic robbery, but systematically, methodically, and with powerful help from the inside. Investigative journalist J Gopikrishnan of The Daily Pioneer exposes the biggest financial scandal in India's history. Eleven PSU banks. Over 1000 court cases. Five fugitives living freely abroad on stolen money. And a CIBIL defaulters database that mysteriously went offline within 24 hours of this story breaking. The playbook was brazen: 21 identical loans from the same branch. Shell companies registered in servants' names. Borrowers using two different name spellings to fool CIBIL's automated checks. A bankruptcy code twisted to let brothers buy each other's collapsed empires for pennies on the rupee. And political patrons — sitting MPs — whose connections made it all possible. The names are familiar. Anil Ambani. Nirav Modi. Vijay Mallya. Era Group. Videocon. Bhushan. But the scale will stun you. This isn't just a story about fraud. It's about who…

People in this episode

Host: Dr Subramanian Swamy

Guest: Shri J Gopikrishnan

Topics covered

• financial scandal
• banking fraud
• public sector banks
• investigative journalism
• political connections
• economic impact

Keywords

• bank heist
• financial fraud
• CIBIL
• PSU banks
• court cases
• political patrons
• shell companies
• Anil Ambani
• Nirav Modi
• Vijay Mallya

Mentioned in this episode

Organizations: The Daily Pioneer, Era Group, Videocon, Bhushan

More episodes of Words of Wisdom - Dr Subramanian Swamy

• Dreams Shattered ! Exams Fiasco, Results Fiasco, Jobs Fiasco’ discussion with Dr Subramanian Swamy & Prof Arvind Chaturvedi · June 7, 2026 · 59 min
• ’IS SOCIAL MEDIA IMPACTING THE PUBLIC PERCEPTION IN INDIA ?’ - discussion with Dr Subramanian Swamy · May 24, 2026 · 1h 3m
• THE GREAT ESCAPE : PM IN PANIC MODE? ’ - discussion with Dr Subramanian Swamy · May 17, 2026 · 51 min
• Assembly Elections Results & Emerging Scenarios’ - (Inputs from some States) · May 10, 2026 · 1h 9m
• Manipur Crisis: National Implications & The Road Ahead’ - Dr Subramanian Swamy with Maj. Rajkumar Jhaljit (Retd.) · May 3, 2026 · 55 min
• WordsOfWisdom #GyanGanga – Episode 288 ’WHERE IS INDIAN ECONOMY HEADING UNDER MODI ?’- Dr Subramanian Swamy · May 3, 2026 · 1h 5m