Bank loan

CBI Arrests Former Assam CM Hiteswar Saikia’s Son In Bank Loan Default Case

The Central Bureau of Investigation (CBI) arrested Ashok Saikia, the eldest son of former Assam Chief Minister Hiteswar Saikia, on Sunday in a bank loan default case.

The CBI team arrested Saikia, the brother of the leader of the Legislative Party of Congress, Debabrata Saikia, from his residence in Sarumataria in Guwahati in a case related to a loan of Rs 9.37 lakh taken from the Cooperative Bank of State of Assam for Agriculture and Rural Development (ASCARDB) in 1996.

The case was initially registered at the Paltan Bazar police station in Guwahati in 1998, then transferred to the CBI in 2001 after two complaints were lodged with the investigative agency.

Debabrata Saikia, also leader of the opposition in the assembly, told media that her brother was the victim of a loan he had already repaid to the bank a long time ago and that he would certainly get justice in court.

The Opposition Congress on Sunday issued a letter from ASCARDB in which it was stated that Saikia had used the bank’s Rs 9,37,701 loan in 1996 on business, but that in 2015 he had paid the dues. and HN Borah, then managing director. of the bank, had, in a letter of October 10, 2015, declared that the loan had been liquidated within the framework of the amicable settlement mechanism.

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Posted on: Sunday November 07, 2021 10:23 PM IST