That’s a tall claim !!!
Indeed a tall claim from from those very ones who were well aware, some years back, like our dear ex-Governor of the Central Bank , about the unsound activities of BAI, especially the riskiness of the staggering level of investment in related companies. And they were also aware but pretended not to know when the Banking Act was amended to allow BAI to lend to its related companies.
Now they are trying to sway opinion that they were right in blowing up the BAI ponzi scheme. As I have argued in my article of 5 May 2015 titled “The BAI saga: what about accountability ? “ and more recently in “ An exit interview that smears” , there was an alternative scenario that would have done less damage. But on bursting the BAI bubble , they had banked on a master stroke on the recoupable assets of BAI. With barely around some Rs 15 billion that can be retrieved, we doubt whether Government can come out as a winner !!!
