Pay up before Jan 15 or will seize property: Bank to exSAD minister
Friday, 29/12/2017
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KAPURTHALA: The Punjab Agricultural Development Bank (PADB)’s Kapurthala branch on Thursday issued a recovery notice to former Akali minister Raghubir Singh and his son to clear ₹90 lakh loan before January 15, failing which his 6-acre agriculture land will be seized.
The decision comes in the wake of the Congress government’s direction to co-operative banks to recover their loans from all major defaulters.
The bank officials had pasted notices at the Akali leader’s house in Hothiya village with the former transport minister and his son Gurpartap Singh being out of the country. In 2004, Raghubir and his son Gurpartap had taken ₹32 lakh and ₹13 lakh loans for agriculture purpose. The minister paid only few instalments only and the payable amount reaching over ₹90 lakh, including interest.
The two were declared defaulters by the bank six years back and his picture was also pasted on the defaulter’s list on the bank premises. No action was taken in this regard.
Bank officials had even staged a ‘dharna’ in front of Raghubir’s house to shame him last week.