Proprietor of MR Roller Flour Mill Mahendra Jain arrested on fraud case
Imphal Times report stands true
Source: IT News

Imphal, September 07 2018: Mahendra Kumar Jain, the proprietor of the M.R.Roller Flour Mill - established at Agricultural Land at Mantripukhri area was arrested today by City Police on charge of fraudulence.

According to police source, Mahendra Kumar Jain was arrested after SBI Head Office Manager lodged a complaint against him over failure to clear loan debt.

He is expected to be produce before the CJM Imphal West today evening.

As per complaints Mahendra Kumar Jain had not been paying the loan debt since May 17, 2017, the source said.

However, the bank did not mention anything about how he managed to get the loan amount as this newspaper had reported that all documents he used for procuring the loan were fake.

On May 21, this year Imphal Times published a report on how Mahendra Kumar Jain had taken loan amount of Rs.8 crore from the State Bank of India using fake documents.

The report was reacted by one civil society body ACOAMLUP urging bank authority to clarify on how could a person, who is also a non local be granted a loan of Rs.8 crore with fake documents.

The following day Mahendra kumar Jain during a press meet stated that he will sue defamation to the newspaper reporting about the matter.

This news paper had also reported that Mahendra Kumar Jain besides failing to pay the debt had not filed any Income Tax returns since the financial year 2015-2016 .

After his clarification to media on the news report, Imphal Times countered the clarification stating that Mahindra Kumar Jain had once more cheated the media by showing documents with concocted story.

This newspaper has published that the Jamabandi he submitted to the bank is 0.66 acre area while the original Jamabandi showed that the actual area is 0.11 acre.

Imphal Times had showed every detail of the Bank account and Pan card and Tin no.in our earlier issue.

The same was produced by a civil society organization ACOAM Lup during a press conference held.

Until recently it remain a mystery on how the Proprietor of M.R.Roller Flour Mill could managed to get a loan of Rs.8 Crore without much difficulties or say without much checking of the documents submitted by him, it was found that he had a good record in the SBI.

Following the news report, a vigilance team from the Regional head office of the State Bank of India had come to Manipur and investigated the matter.

However, the findings was kept concealed by the bank authority, saying that the matter was internal.

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