Placeholder canvas

BJP urges RBI to launch probe into PSB loans to Munnar resorts

Date:

Thiruvananthapuram: BJP in Kerala on Wednesday urged RBI to initiate an inquiry into the loans allegedly given by some public sector banks to some resorts in tourist town of Munnar, flouting all banking norms.

BJP state president Kummanam Rajasekharan also wanted stringent action against those involved in deploying public money to “finance non-viable and highly risky and litigation prone projects.”

In a letter to RBI’s Regional Director, a copy of which was released to the media here, the BJP leader also sought a comprehensive probe by CBI to unravel the “nexus” between the building lobby and bank authorities and prevent erosion of public money.

“There are about 60 resorts in and around Munnar town functioning with or without proper licenses from the authorities concerned allegedly with the active connivance of local political leaders and a passive bureaucracy,” he said.

“The resorts have obtained loans from public sector banks despite the fact that they are ineligible due to the stop memos issued to them and litigation’s pending due to the land encroachments,” he added.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Subscribe

Popular

More like this
Related

FTX Founder Sam Bankman-Fried Sentenced To 25 Years In Prison For Fraud

New Delhi: Sam Bankman-Fried, the renowned founder of cryptocurrency...

IPL 2024: Riyan Parag Shines As RR Posts 185/5 Against DC

Jaipur: In a remarkable turn of events, Rajasthan Royals...

NIA Arrests One Key Conspirator In Rameshwaram Cafe Blast Case

New Delhi: In a significant development in the investigation...

H1B Visa: USCIS Gears Up For Lottery Selection For Fy-25

Due to a technical issue with its website, the USCIS delayed the deadline for visa applications for the financial year 2025 by three days from March 22nd to March 25th, 2024