Indian teacher's shock at his $9.8bn bank balance

Discussion in 'Politics & Society' started by pmaitra, Jan 19, 2012.

  1. pmaitra

    pmaitra Moderator Moderator

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    Indian teacher's shock at his $9.8bn bank balance

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    Source: BBC News - Indian teacher's shock at his $9.8bn bank balance
     
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  3. KS

    KS Bye bye DFI Veteran Member

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    Lets be honest...if it had been a $ 100K most probably he would have never reported....$10 bilion is to huge to be ignored,
     
  4. pmaitra

    pmaitra Moderator Moderator

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    He gets the benefit of doubt. We know for a fact that he reported. We know that it was not his money only because he reported. How did you conclude he would not have if the amount was smaller?

    He could have withdrawn more than how much he believed he actually had. He did not. Even if he had done so, the bank could have done nothing. In court, he would have claimed, how did the ATM dispense more than what he actually had?

    So, let's be honest, and admit that this man is an honest man.
     
    Last edited: Jan 19, 2012
  5. KS

    KS Bye bye DFI Veteran Member

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    well I was judging him from my place. I would not have done it, especially if the bank was ICICI.

    Phack them.
     
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  6. The Messiah

    The Messiah Bow Before Me! Elite Member

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    Corruption starts from within and then spreads outside :tsk:
     
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  7. KS

    KS Bye bye DFI Veteran Member

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    You have to be a customer of ICICI to understand the state of mind of one. :mad2:
     
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  8. Arunpillai

    Arunpillai Regular Member

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    Same thing happened to me too once when i was a student. My account which usually have only about a thousand bucks suddenly had about 90000 rs in it.. Being the honest type, i went to report it. The damn public sector bank guys froze my account for 2 weeks while they sorted out the "computer glitch"... Suffice to say i had to borrow from my friends in the meantime.
     
  9. sob

    sob Moderator Moderator

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    The main question is will the gentleman get interest for the period when the money was in his account.
     
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  10. Param

    Param Senior Member Senior Member

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    You mean there is nothing against the law even if he withdraws as much money as he can?

    And I guess banks do not always rely on courts to get back money.

    Heck I would have withdrawn atleast a few hundred thousand dollars then and reported it late.So when the bank goons come I can have a few henchmen of my own:D
     
  11. Godless-Kafir

    Godless-Kafir DFI Buddha Senior Member

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    WTH!!! If i had 1billion i would change this world..dam... He got 9billion USD...OMFG!!!
     
  12. Payeng

    Payeng Daku Mongol Singh

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    Dude that man can finance to MRCA deal single handed :dude:
    Is it a bad owen?? :hmm:
     
  13. Param

    Param Senior Member Senior Member

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    I might even have flown away to a non extradition country, paid the big dudes there and kept a billion dollars for myself.
     
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  14. Galaxy

    Galaxy Elite Member Elite Member

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    I don't think he could take out 5,000 $ from his account.

    It was paper mistake.

    When you withdraw more than 50,000 Rs, Banker do check your account. You can't withdraw more than 20,000 from A.T.M. as per most bank restriction per day.

    Even if withdraw few lakhs in few days, you can't prove that it's your money as there was no deposit from your side. Every transaction is store in your account.
     
  15. Arunpillai

    Arunpillai Regular Member

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    In my case, my Atm card was linked to some other guys account. So technically i was not withdrawing from my account, but that guys.. And as such could have cleared out that guys account.
     
  16. Bhadra

    Bhadra Defence Professionals Defence Professionals Senior Member

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    I think the humble teacher did correct thing. To take advantage of such a widfall one has to be very big crook, criminal or a fixer. The guy is a teacher and we all know what our teachers are, small time smartest, lethargic and a little kamchors. They are not (repaeat Not) Dronacharyas or Kripcharyas.

    It is better to sleep well than be a millionaire with no ideas of money.
     
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  17. Param

    Param Senior Member Senior Member

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    What if a guy buys a BMW using his debit card?
     
  18. Nagraj

    Nagraj Regular Member

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    completely agree.phack ICICI. those who disagree phack you too.
     
  19. Galaxy

    Galaxy Elite Member Elite Member

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    No, You can't buy. There is limitation.

    Normally, It's between 10,000-20,000 per day transaction/purchase. For high-end service like Gold card, Your limit is 75,000 but that is provided if you have good track record and enough money in your account. You need to maintain quarterly balance in access to average limit to have such possibility.

    Even if you buy anything for 10,000 or 50,000 as per status of your account, There is cross-check by every bank everyday after 3:30 as per rules. Once it will be found error/mistake, Transaction will be cancelled and your purchase will be cancelled too by vendor/company from where you bought on same day.

    Only possibility is credit card but that is totally different thing.
     
    Last edited: Jan 19, 2012
  20. Galaxy

    Galaxy Elite Member Elite Member

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    Only possibility is withdraw 10,000 or 20,000 Rs and RUN !! :lol:

    But then again, it would be crime as per banking rules and regulation. You can't even run as Bank has all personal details about you.

    It's your duty to report for any such mistake. Normally, Such mistakes happens once in million and it's rectified in no time due to highly effective banking system.

    That person might be honest but even if he was not honest, You can't take away the money. :)
     
    Last edited: Jan 19, 2012
  21. Zoravar

    Zoravar Regular Member

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    If I had a fraud mind,this what I would do-
    1)Issue a check of almost the whole money to the swiss bank.
    2)Fly to a non-extradition country
    3)Issue a check to another bank account in that country in my name.
    4)Enjoy!!!!!!!!!!!!!!!!!!!!!!
     
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