Bank loan

Maha government not allowing CBI to investigate Rs 13k-cr bank loan fraud: Shelar


On Wednesday, BJP MP Ashish Shelar alleged in the Maharashtra Legislative Assembly that various companies had duped nationalized state banks out of Rs 13,043 crore, but the Maha Vikas Aghadi coalition government did not has not authorized the CBI to investigate these matters.

After these banks approached the central agency, the agency sought permission from the state government to conduct an investigation, he said.



“Why isn’t the government giving permission,” said Shelar, a former minister of state.

Interior Minister Dilip Walse-Patil, who was present in the House, said the Central Bureau of Investigation will be allowed to investigate these ongoing cases and others like them.

The BJP MP said various private companies borrowed large sums from 12 major banks in the state and defrauded them.

Bank of Baroda, Punjab National Bank, State Bank of India and Union Bank of India have filed complaints with the CBI, he added.

(Only the title and image of this report may have been edited by Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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