He tells the Loan Officer that he was going to India for some business for 2 weeks and needs to borrow $5,000.
The Loan Officer tells him that the bank will need
Some form of security for the loan.
So the Indian man hands over the keys and the documents of the new Ferrari car parked on the street in front of the bank.
The loan officer consults the president of the bank,
Produces all the required items and everything check out to be OK.
The loan officer agrees to accept the car as a security for the loan.
The bank president and the Loan Officer had a good laugh at the Indian
For keeping a $750,000 Ferrari as a security and taking only $5,000 has a loan.
An employee of the bank then drives the Ferrari
Into the banks underground garage and parks it there.
Two weeks later the Indian returns and pays $5000 and the interest which comes to it $15.41.
Seeing this, loan officer says,
“Sir, we are very happy to have your business
And this transaction has worked out very nicely, but we are a little puzzled.
While you are away, we checked you out and
Found out that you were a multi millionaire.
What puzzled us was why would you bother to borrow $5000?”
The Indian replies
"Where else in the New York City can I park my car for 2 weeks and
For only $15.41 and expect it to be there when I return".
This is a true incident and the
Indian is none other than
Sent by Arun Shroff.
I had posted this earlier but at that time Vijay Mallya's name had not been appended at the end.
It is very easy to add names and photographs in the IT age as we have recently seen the photograph of Osama watching live video of action against himself in Abbotabad at the White House with Obama and Hillary Clinton
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