Ansari family owes Rs 32 Crore to PNB, declared “willful defaulters”

Punjab National Bank has declared political Ansari family as willful defaulters after former Minister Imran Raza Ansari and his uncle Abid Ansari  failed to repay over Rs 32 Crore to the bank.

The bank has issued a public notice in a Jammu based Daily Newspaper against Imran Raza Ansari, his brother Amjad Abbas Ansari, uncle Abid Hussain Ansari and Kumail Hussain Ansari declaring them ‘willful defaulters’.

The public notice issued by Punjab National Bank (PNB) reads that it has initiated recovery proceedings against them and informed the public that the borrowers are not entitled for financial assistance from any other bank or financial institution.

The notice stated that the borrowers are directors of M/S Highland Automobiles Pvt Ltd, Ansari Complex Sonwar Srinagar.

The Ansari’s have an outstanding balance of over Rs 32 Crore (32, 47, 93, 581) and the account has been declared NPA on 31-12-2008. The firm has been declared willful defaulter on 19-03-2014.

“It is hereby notified to public at large that above mentioned borrowers have availed loans from the bank and due to default in repayment, the accounts has been declared as NPA. The borrowers has been declared as a ‘Wilful Defaulter’ by the bank as per RBI guidelines (SIC),” the notice states.

However Abid Ansari denied the accusation saying  he had resigned from the company in 2005, “I told earlier as well that I am not associated with highland automobiles and resigned in 2005 three years before it was declared as NPA,”  Abid Ansari told The Kashmir Walla.

(with inputs from CNS)

 

 

 

 

 

 

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