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| Another loan fraud in J&K Bank; Ex-MLA wife managed Rs 5 Cr loan | | | EARLY TIMES REPORT
Jammu, June 7 :While CBI has already taken investigation over loan fraud committed by the Jammu University branch of the J&K Bank, another fraud has been exposed in Kashmir- where the Bank has allegedly allocated a loan worth Rs 5 crore to wife of former MLA.
The loan was allocated nearly a one and half year back when the Bank was controlled by previous management which is already facing allegations of rampant corruption, nepotism.
The loan was allegedly allocated to the wife of a former MLA without taking any guarantee or mortgaging any property.
The Kashmir unit of BJP has already raked up this issue and demanded action against the former MLA and the then management of the bank for “committing this fraud”.
According to a Kashmir based news agency, Kashmir unit of BJP has appealed higher-ups of the Anti-Corruption Bureau to investigate this scam and register a case against all those involved in the scam book all the accused involved in the act.
As per the agency, an amount worth Rs 5 crore was sanctioned to the wife of former MLA despite the fact that she had kept nothing as mortgage nor was there any guarantor which is against the violation of loan rules.
Bank rules were flouted brazenly and the reality was that there was no evidence as to why the loan was sanctioned in her favour because she had no business unit or a genuine case to seek such a huge amount for loan. |
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