India needs this rule and implemented proficiently: China Bars 60 Lakh Bank Defaulters From Travelling, Getting Promotions

[Spartan]

Vijay Mallya packed his bags, purchased a flight ticket and fled to London. This would have been much more difficult in China.

The country has toughened restrictions on 60 lakh bank defaulters, barring them from flights, getting loans and credit cards or even promotions.

There are 67.3 lakh Chinese citizens on the Chinese Supreme Court’s blacklist, Global Times reported, quoting the Meng Xiang, the head of the court’s enforcement bureau.

So far, 61.5 lakh people have been barred from purchasing plane tickets and 22 lakh cannot travel by high-speed trains. Around 71,000 defaulters cannot serve as corporate representatives or executives.

The Supreme People’s Court, China’s apex court, has shared the defaulters’ ID card and passport information with airlines and railway companies. Previously, only ID card numbers were blacklisted and defaulters used their passports to circumvent the ban. But that loophole has been plugged now.

The Industrial and Commercial Bank of China, one of China’s largest commercial banks, has rejected lakh loan and credit card applications.

The blacklist includes government staff, members of local legislative and political advisory bodies and Communist Party of China congress delegates, Meng said.

[BaabuBangaram]

manollu indhulo kuda loopholes vethukuntaaru.....emundhi vayya IP pedithe aadini adiginode ledu....

[Vaampire]

India lo lawmakers i mean politicians ey pedha defaulters. Inka ee law em thestham.

Srujana chowdary aithey keka.. Foreign banks ni kooda munchaadu

[VizagRocks]

brother. you have it backwards. India has among the toughest laws on loan defaulters. daaniki bhayapadey Mallya laantollu paaripoyedhi.

US has the most lenient. lekuntey, mee aasha jyothi (Donald Trump) eppudo lopalaki poyevaadu. daridrudu President ayyi koorchunnadu.

[VizagRocks]

China's crack on corruption is all dikhawa. Its a way to bother and imprison people who fall out of line. nothing more.

too many people here, and in the real world want to follow authoritarians. boring people, boring world.