Who cheated whom? The Global Trust Bank scam

I have been a victim of the arbitrary and completely opaque takeover of the Global Trust Bank by the Oriental Bank of Commerce, under the directions of the Finance Ministry and the RBI.

As a long-standing depositor who lost Rs. 16,000 in two five-year term deposits, I believe both the RBI and Mr. P.Chidambaram, our extremely suave and highly educated but entirely unsuitable, arrogant and unethical Minister have a lot to answer for. What we need is an honest and communicative Minister in this job, not someone who thinks 99 per cent of Indians don't deserve an answer to questions about their money, which he appropriates to various accounts everyday. You don't need a Harvard education to do that. Many semi-literates are doing that everyday in different walks of life.

I would like to know, for instance, how it was decided that the contractual obligations of GTB with depositors will not be transferred to OBC, when it was assuming all its assets and liabilities. We have no idea what assets GTB possessed, particularly real estate. Mr. Chidambaram has not told us that. We are simply told that all rates and charges will apply on OBC terms from the date of takeover.

Meanwhile, I found this post raising some questions about the GTB-OBC forced marriage.