Targeting Modi, Leader of Opposition in Rajya Sabha Ghulam Nabi Azad and deputy leader Anand Sharma said the prime minister should "speak up" on the bank frauds.
"The Prime Minister should have come to both the Houses and made a statement. One scam after another is taking place in banks and the amount is worth thousands of crores of rupees," Azad told reporters.
Azad alleged that the prime minister is unable to bring black money back to India, but has been successful in sending white money out of the country.
He said the prime minister makes frequent foreign visits and the BJP claims that he is very popular world-wide. "His popularity is no good for the country if he is unable to bring back to the country the people behind these huge bank scams," Azad said.
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Azad said it started with jeweller Jatin Mehta, who along with his wife left the country in 2016 after committing bank frauds of Rs 6,500 crore.
"The government also helped him get a citizenship of St Kitts," he alleged, and added that thereafter Lalit Modi and Vijay Mallya left, followed by Nirav Modi and Mehul Choksi.
"Peoples money today is not safe. The government on its own, and the opposition has collectively demanded, should have agreed to what we are saying to discuss this because the peoples money is not safe in the banks.
"People of India, their hard-earned money, their savings are in bank deposits. That has been looted. Why has the Prime Minister chosen to be quiet?" he said.
He said, "We have a situation, but Modi ji is silent on it. He talks of every other matter, but this."
The former union minister said the three accused Nirav Modi, Mehul Choksi and Jatin Mehta, are involved in bank frauds to the tune of Rs 27,000 crore and alleged that all of them had access to the government and to its leadership.
Sharma also hit out at former CAG and current Banking Board chairman Vinod Rai, accusing him of "complete failure" to stop these frauds.
"Why is the Banking Board Chairman quiet? This is not notional loss. This is real loss and real loot. But he continues to be the favourite of the government.
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