......The common link to all these four stories is that we are heading towards a situation where the courts and the investigative agencies are going to get increasingly involved in probing banks, companies and even government decisions involving them. This is a situation tailor-made for another decision-making paralysis, this time at the banking and corporate ends. Bank finance is the lifeblood of an economy, and if bank managers are suddenly going to be looking over their shoulders and sitting on decisions for fear of the CBI or courts, there is going to be a huge lending freeze looming ahead. Neither the CBI nor courts are particularly well-equipped to judge financial sector decisions and could have a tendency to presume routine practices are scams when they may just be bad decisions. This is not to say there were no scams, but we need them to be probed by financial-literate investigators...............
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