Kisan Credit Card System: SC Junks Plea Seeking Inquiry Into Financial Frauds

The Supreme Court today has rejected a plea for a pan India inquiry into alleged financial frauds in the working of the Kisan Credit Card system for farmers with the connivance of bank officials.

Stating that such a probe wasn’t based on “general allegations” leveled by the petitioner.

A bench of Justices SK Kaul and Aravind Kumar, granted liberty to the petitioner to approach the Reserve Bank of India with his grievances.

The bench stated that “It is not possible under Article 32 of the Constitution of India to hold some kind of an inquiry on the general allegations made by the petitioner, and the petitioner should know better before proceeding with the matter as he is a man well versed with the law being a qualified lawyer. We are thus not inclined to exercise jurisdiction under Article 32 of the Constitution of India but it is open to the petitioner to make a representation with the concerned Ministry by giving details in respect of what he claims to be the financial frauds in the working of the Kisan Credit Card System.”

Article 32 of the Constitution deals with the constitutional remedies that Indian citizens can seek from the Supreme Court against the violation of their fundamental rights. The Apex court took note of the submissions by senior advocate Jayant Mehta, who was appointed as amicus curiae in the case, except for two incidents of fraud.

The amicus curiae told the court that it is the Reserve Bank of India to whom such a representation should be made.

Furthermore, hearing a petition filed by advocate Chandra Shekhar Mani contending that the Centre has failed to protect the rights of the farmers as financial frauds have been committed in the Kisan Credit Card system by bank officials with the connivance of scammers.

He said several FIRs have been lodged in different regions of the country against such corrupt practices.