New Delhi: Now, this is something unheard of and really! A nationalized bank in India has frozen the account of Manmohan Singh, a farmer, for being a ‘guarantor’ to embattled liquor baron Vijay Mallya, who is embroiled in charges of money laundering.
Singh, a farmer from Pilibhit was left in a state of shock when he was informed that his bank account remains frozen and that too in connection with a multi-billionaire money-laundering case that the entire judiciary and the nation is after.
When Singh went to his bank to deposit an amount of Rs.4 Lakh, he was informed that his account had been frozen as he had been a guarantor for the defunct Kingfisher airline.
“We received a letter to seize his (Singh’s) account for recovery of the loan amount in December last year.” The letter was sent by the bank’s regional office at Nariman Point in Mumbai, Mange Ram, manager of Bank of Baroda’s Nand branch in Pilibhit was quoted as saying in a media report.
On verifying the account details, it was deciphered that his name erroneously came up in the records. The bank had later on sent a notification to Singh's local branch to de-freeze his accounts.
It was still not clear how the error occurred or whether the lapse will be probed, however securing loans using fake guarantors is not unheard of in smaller bank branches.
Liquor baron, Vijay Mallya has been on the run since March 2, when public sector lenders to whom he owed more than Rs 9,000 crore moved the Debt Recovery Tribunal against him.
Pilibhit farmer's accounts frozen for being Vijay Mallya's guarantor
By NewsX Bureau
| Saturday, May 21, 2016 - 20:19