06-22-2007, 08:13 PM
Pratibha is typical Congressi chor, Why to insult Kalam by comparing him with Pratibha.
<!--QuoteBegin-->QUOTE<!--QuoteEBegin--><b>UPA nominee's co-op firm loan defaulter, gets notice </b>
Pioneer News Service | New Delhi
<b>Family faces legal action for defaulting Rs 17.5 cr loan</b>
The family of Pratibha Patil, the ruling UPA presidential candidate could face legal action in a loan default case.
<b>A CNN-IBN report showed that a cooperative sugar factory, of which Pratibha is the founder-president, has been declared a defaulter for failing to return a Rs 17. 5 crore bank loan.</b>
Pratibha had quit the Sant Mukthai Cooperative Sugar Factory in 1996, but her brother GN Patil continues to be the president of the cooperative in Maharashtra's Jalgaon district. The factory owes the Mumbai District Cooperative Bank the Rs 17.5 crore.
The loans were taken in 1994. Bank officials say the loan has not been repaid despite repeated reminders. In a notice sent eight days ago, the bank had threatened to attach the factory's properties.
The bank says no one had even bothered to reply to the several reminders for repayment. The bank has now declared Sant Mukthai Sugar Cooperative a defaulter and has ordered it to be sealed.
The Congress, which leads the UPA, denied Pratibha or her family had defaulted on loans. "This is an attempt to tarnish the image of the presidential candidate. She has absolutely nothing to do with this. She has no connections with the bank and all this is a conspiracy to malign her image. The timing is very suspect too," said Congress spokesperson Jayanthi Natarajan.
<b>"If there was a default, nothing prevented the bank from moving against people who are there and recovering whatever was due to the bank from the factory. The fact that it's come eight days before the presidential election speaks volumes. The media should not sensationalise," </b>she said.
Natarajan also said there was no need for Patil to take any moral responsibility for the expose. "We are clearly having this discussion as she is a candidate who is set to become the first woman President of the country. She may or may not have been associated with the bank. Her family may run the sugar factory but she is not connected with it," said Natarajan.
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<!--QuoteBegin-->QUOTE<!--QuoteEBegin--><b>UPA nominee's co-op firm loan defaulter, gets notice </b>
Pioneer News Service | New Delhi
<b>Family faces legal action for defaulting Rs 17.5 cr loan</b>
The family of Pratibha Patil, the ruling UPA presidential candidate could face legal action in a loan default case.
<b>A CNN-IBN report showed that a cooperative sugar factory, of which Pratibha is the founder-president, has been declared a defaulter for failing to return a Rs 17. 5 crore bank loan.</b>
Pratibha had quit the Sant Mukthai Cooperative Sugar Factory in 1996, but her brother GN Patil continues to be the president of the cooperative in Maharashtra's Jalgaon district. The factory owes the Mumbai District Cooperative Bank the Rs 17.5 crore.
The loans were taken in 1994. Bank officials say the loan has not been repaid despite repeated reminders. In a notice sent eight days ago, the bank had threatened to attach the factory's properties.
The bank says no one had even bothered to reply to the several reminders for repayment. The bank has now declared Sant Mukthai Sugar Cooperative a defaulter and has ordered it to be sealed.
The Congress, which leads the UPA, denied Pratibha or her family had defaulted on loans. "This is an attempt to tarnish the image of the presidential candidate. She has absolutely nothing to do with this. She has no connections with the bank and all this is a conspiracy to malign her image. The timing is very suspect too," said Congress spokesperson Jayanthi Natarajan.
<b>"If there was a default, nothing prevented the bank from moving against people who are there and recovering whatever was due to the bank from the factory. The fact that it's come eight days before the presidential election speaks volumes. The media should not sensationalise," </b>she said.
Natarajan also said there was no need for Patil to take any moral responsibility for the expose. "We are clearly having this discussion as she is a candidate who is set to become the first woman President of the country. She may or may not have been associated with the bank. Her family may run the sugar factory but she is not connected with it," said Natarajan.
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