PNB’s stock has also depreciated radically ever since the scam came to light, wiping out ₹7,000 crore in value. Incidentally, the Centre owns 57% shares in PNB and the remaining is owned by financial institutions/common investors. If you add the erosion of the monetary value, total exposure comes to ₹28,306 crore.

In addition, exposure of banks to three more companies, namely Diamonds RUS, Solar Exports and Stellar Diamonds, is yet to be disclosed by the banks and the Modi government. Experts estimate this exposure to be in the range of between ₹ 3,000 and ₹5000 crore. This will take the total figure of the scam much higher, said Congress.

“No wonder, 'UDAAN' is the buzzword of the Modi Government, wherein every scamster can 'fleece and fly' — 'unchecked and undetected' ” read a press communication released by the Congress party.

The Congress has further alleged that the Modi Government ie the Prime Minister's Office, Enforcement Directorate, Ministry of Corporate Affairs, Serious Fraud Investigation Office (SFIO), SEBI as well as the state governments of Maharashtra and Gujarat were aware of the ongoing scam pursuant to a series of complaints filed as early as on May 7, 2015.

A complaint dated May 7, 2015, was filed with the Ministry of Corporate Affairs by one Shri Vaibhav Khuraniya & RM. Green Solution Private Limited. Copies of the same were also sent to the Prime Minister's Office, Enforcement Directorate and the Serious Fraud Investigation Office, said Congress.