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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.
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Kejriwal continuing as CM even after arrest puts political interest over national interest, says Delhi HC
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Bollywood star Shilpa Shetty visits Sri Kodamanittaya Kshetra
Firing outside Salman Khan’s home: Lookout circular issued against Anmol Bishnoi
Pune court asks police to probe bribery allegations against IT major Cognizant