State Minister files police case against private bank for loan fraud

A former Minister of State in Agra, Chaudhary Udaybhan Singh, has finally secured a police case against HDB Financial Services after months of alleging they granted a fraudulent loan on his property.

What is the case?

• Singh claims the bank gave a 1.4 crore loan on his land in Hasanpura without his knowledge or consent.
• Despite repeated complaints and pleas to senior officials for two months, no action was taken until the Police Commissioner intervened.
• Singh provided documentation demonstrating numerous written and verbal attempts to address the issue before resorting to legal action.
• The Police Commissioner’s intervention led to the case being registered at Lohamandi police station.

Updates

• Singh alleges the bank is now pressuring him for loan repayment despite the suspicious nature of the transaction.
• He highlights efforts to resolve the matter internally through meetings and written complaints to senior officials.
• Dates and modes of communication with the bank are explicitly mentioned to showcase his persistence.
• The Police Commissioner’s involvement and order to register a case indicate seriousness and potential progress in Singh’s fight against the alleged fraudulent loan.