TODAY -

ACOAM-Lup files RTI concerning loan scam, vows to take up befitting action against culprit
Source: The Sangai Express

Imphal, June 07 2018: All Clubs Organisation Association MeiraPaibisLup (ACOAM-Lup) Kangleipak has conveyed that an RTI has been filed against Mahendrakumar Jain, the proprietor of MR Roller Flour Mill located at Mantripukhri, who allegedly took a loan of Rs 8 crore from SBI MG Avenue by using forged documents.

The association added that befitting actions will be taken up following the report of the RTI.

Speaking to media persons at ACOAM-Lup office, opposite Lamphel DC complex, today, president of the association, Chandramani Khumancha said that ACOAM-Lup had earlier demanded an investigation into the matter and for Mahendra Jain to provided a clarification as well.

ACOAM-Lup also enquired the concerned authorities of the Bank regarding the loan scam and the bank authorities have given a response, he added.

However, the association has filed an RTI to the authority concerned yesterday, seeking a detailed answer on what grounds the bank gave a loan of Rs 8 crore to Mahendrakumar Jain.

A detailed answer will come out , through the response of the RTI, and it will show whether the loan taken by Mahendrakumar Jain is fake or whether the documents used by him to get the loan are valid or not, he stated while appealing the public to wait till the response is received.

The president asserted that Manipur is a State with a weak economy and a low prospect of employment.

The majority of the population do, not have proper source of income while some get Government jobs or works under factory based out side the State.

Although these outside industries and companies provide jobs to some portion of the population, such actions in which some individuals fail to repay huge loans taken from the banks, using forged documents, will definitely affect the upcoming entrepreneurs of the State, he claimed.

Such action will also impact the native people of the State, he added.

Chandramani further pointed out that the outsiders are only residing in the State temporarily with the aim of earning profit and added that maybe the Government will arrest such individuals later, but such kind of scandal and scam will definitely leave a negative taste in the mouths of the native entrepreneurs of the State.

Considering these reasons, ACOAM-Lup has filed the RTI to get a clear cut answer regarding the whole scam, he said and added that befitting actions or step against the culprit will be made known to the people as well.

The president further informed that ACOAM-Lup found the mill of Mahendra Jain completely empty.

The mill began functioning from 2004.In the name of buying raw materials for his mill, Mahendrakumar Jain withdrew a loan of Rs 8 crore during 2016 and 2018.The association found dissimilarities between the original Patta and the Patta submitted to the bank, as well as absence of transaction details like taxation details and purchasing details, he added.


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