A discredited business world

The YES Bank debacle together with serial abscondings (Lalit Modi, Vijay Mallya, Nirav Modi) and spectacular business busts (IL&FS, DHFL, Jet Airways) has helped Indian business reputation hit a low

On current form, the bizarre drama that is the Rana Kapoor-YES Bank saga can be labelled The League of Failed Businessmen. Anil Ambani, Kapil Wadhwan, Subhash Chandra Naresh Goyal, Gautam Thapar, Peter Kerkar are all in queue for YES-related investigations that, according to the Enforcement Directorate, could include “several other businessmen”. You almost expect the Singh brothers, Malvinder and Shivinder, to have walk-on parts and, perhaps, Nirav Modi too. Either way, stay tuned for more.  

The YES Bank debacle together with serial abscondings (Lalit Modi, Vijay Mallya, Nirav Modi) and spectacular business busts (IL&FS, DHFL, Jet Airways) has helped Indian business