THE BHARATIYA Janshakti party has accused civic officials of conspiring with the land mafia, registration department officials and managers of nationalised banks to procure loans worth nearly Rs 400 crore against illegal structures in blatant violation of Reserve Bank of India (RBI) guidelines.
After the sealing in Delhi cost nationalised banks over Rs 9,000 crore, the RBI issued strict instructions not to loan any money to structures that either lacked a completion certificate or violated building permission, land use allocation or floor area ratio (FAR) norms, declared BJ leader and former corporator Parmanand Sisodia.
Despite this loans amounting to hundreds of crores of rupees have been granted to illegal structures by managers of nationalised banks acting in cahoots with IMC, Town and Country Planning department officials and the land mafia, he added.
Sisodia issued a list of 60 buildings without a completion certificate from the IMC to which loans were allegedly granted in support of his claim.
The structures, including those erected by some of the biggest names in the construction business names, are located at prime locations including Palasia, Manoramaganj, South Tukoganj, Jaora Compound and Scheme No 54.
It may be recalled that the Hindustan Times had first unveiled scams of this nature by publishing an expose on Sai Darshan apartments (23/2 Manoramaganj) where loans were obtained by mortgaging the same flat to more than one bank by builder Harish Tolani.