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Loan against dead man?s guarantee

IT MAY be difficult to believe that a nationalised bank will sanction loan against the gurantee of a ?dead? person. But one such case came to light during the ongoing ?Drive Against Bribe? camp at the district headquarters here today.

Published on: Jul 08, 2006 12:03 AM IST
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IT MAY be difficult to believe that a nationalised bank will sanction loan against the gurantee of a ‘dead’ person. But one such case came to light during the ongoing ‘Drive Against Bribe’ camp at the district headquarters here today.

HT Image
HT Image

Dashmi Prasad Yadav, a resident of Shankarpur village in Chiraigaon development block, who turned up at the camp today alleged that Parao branch of Union Bank of India sanctioned loan of around Rs 7.50 lakh in 1996 on the gurantee of his grandfather late Sarju Yadav who had died in the year 1992.

The victim, Dashmi Prasad Yadav, who filed an application under the Right to Information Act seeking details as to how the loan was sanctioned against the guarantee of a dead person, said that they came to know about this anomaly in the year 2002 only after a notice of attachment of immovable property was served to them for not returning the payment of around Rs 12.50 lakh to the bank.

Meanwhile, the ‘Drive Against Bribe’ campaign has started yielding results to the victims of red-tapism and ‘babugiri’ here in Varanasi. RK Singh, a resident of Ram Janki Dham Colony in Shivpur area, who had retired from Irrigation department as assistant engineer in July 2004 from Deoria, got his case solved within three days after filing an application under Right to Information Act. Singh said the officials at the treasury office were giving him less pension since April, 2006.

 
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