Corruption: Needed thanedar, not chowkidar

PM Modi promised to act as chowkidar to reduce corruption, and bring in "good governance". Is the slogan working? Not quite

Investors who lost heavily in DHFL had thought that Kapil and Dheeraj Wadhawan, promoters of the failed finance company, were being held in Taloja jail. It transpires that for the past 15 months they have been cosily ensconced in the Kokilaben Dhirubhai Ambani Hospital owing to a minor ailment such as sleep disorder. The Wadhawans were in custody under the Prevention of Money Laundering Act (PMLA) for allegedly running a criminal operation of creating thousands of fake accounts and fake loans (the infamous Bandra Books) and causing a loss of Rs 40,000 crore. But they could easily be seen to