Syndicate Bank DGM rubbished bank fraud allegations on Madhwaraj
Team Udayavani, Mar 16, 2018, 1:05 PM IST
Udupi: Syndicate Bank Deputy General Manager, SS Hegde refuted claims regarding the bank fraud at Malpe branch.
Hegde clarified after the allegations were made that Fisheries minister, Pramod Madhwaraj had obtained a loan of Rs 193 crore by furnishing documents of property worth just Rs 1.1 crore as collateral.
However, Madhwaraj has rubbished allegations of bank fraud and requested people not to believe false rumours.
Hegde said that Pramod Madhwaraj was a valued customer of the bank. The minister has provided required guarantees for the loan. The minister was granted business and personal loans by following proper rules, he added.
Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.
Top News
Related Articles More
Grand premiere of Tulu movie “Tthudarr” in Qatar leaves audience in awe
Mangaluru: Engineering student found dead at hostel; suicide suspected
Shivamogga: Two rowdies hacked to death, situation tense
Siddaramaiah hits out at BJP over appointment to temple festival panel
‘X’ takes down Karnataka BJP’s animated clip on Muslim quota row after EC prod
MUST WATCH
Latest Additions
Grand premiere of Tulu movie “Tthudarr” in Qatar leaves audience in awe
Congress is ‘anti-Ram, anti-Sanatan’: JP Nadda
Mangaluru: Engineering student found dead at hostel; suicide suspected
Actor follows CM Shinde’s convoy at Mumbai sea link to avoid paying toll; held by cops
Shivamogga: Two rowdies hacked to death, situation tense