Here in India there is scam after scam of the banks having shady deals and loans given out to corporates and businessmen who never had the means or plans to pay them back. And these fraudsters flee the country just before the new comes to the media and the law enforcement gets into action.

Only this week did the latest fraud come out, robbing a nationalised bank of $1.77 billion!!!

And they say cryptocurrencies are Ponzi schemes!