Chandigarh

Auditor of Bansal clan firms 'handpicked' for bank director's post

  • HT Correspondent, Hindustan Times, Chandigarh
  • |
  • Updated: May 10, 2013 12:56 IST

Vikram Bansal, nephew of railway minister Pawan Kumar Bansal, had recommended the name of an auditor of the companies run by the Bansal clan for the post of director of a nationalised bank, it has emerged from the investigations.

When PK Bansal was the union minister of state for finance in 2007, Sunil Gupta was nominated to the post of non-official director of Canara Bank. Gupta was later included in the audit committee of the bank after his term came to an end in 2010. He is managing the accounts of at least seven firms run by the Bansal clan.

Between 2008 and 2010, Mirage Infra Private Ltd, the director of which is Vijay Singla, the minister's nephew, secured loans amounting to Rs 25 crore from the bank. The firm also owes over Rs 30 crore as conversion charges to the UT administration.

Two other companies run by the Bansal clan, Theon Pharmaceuticals and ISIS Packaging, were given a loan of over Rs 10 crore by the same bank.

 

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