Alleged illegality in getting loans from Banks
News

Alleged illegality in getting loans from Banks

November 29, 2020

MLA demands high-level probe into Rifa-hul-Muslimeen Educational Trust

Mysuru: Accusing the city’s Rifa-hul-Muslimeen Educational Trust (RMET), functioning from Farooqia Educational Complex, Farooqia Road, Eidgah, of illegally getting loans from banks after pledging fake documents pertaining to Wakf properties and CA (Civic Amenities) sites of MUDA, NR Congress MLA Tanveer Sait has demanded a high-level probe against the Trustees, Bank officials and officials of various Government Departments, who were allegedly hand-in-glove with the Trust.

In a letter written to Chief Minister B.S. Yediyurappa, Tanveer Sait, who is also the Member, Board of Wakf, said that RMET had availed a total of Rs. 8.95 crore loan in four instalments from Tilaknagar branch of Canara Bank in the period between Dec. 13, 2007 and Jan. 25, 2010 to meet administrative expenses. 

Although the Trust paid six monthly instalments of loan in the period from Sept. 2007 to Feb. 2008, it soon became a debtor as it failed to repay remaining instalments, following which Canara Bank issued a press notification on June 29, 2015 saying that it had attached 82,750 sq.ft of landed property in Udayagiri owned by the Trust and 84,000 sq.ft of landed property near Eidgah in Tilaknagar, belonging to Wakf Board. But Wakf Board, taking note of the Bank’s attachment notification, wrote to the Bank informing that as per the Wakf Act of the State and Union Governments, nobody had the right to pledge or sell Wakf Board properties, following which the Bank dropped 84,000 sq.ft of land near Eidgah from attachment. But Canara Bank has issued a notification saying  that it would auction the 82,750 sq.ft of land at Udayagiri and the private property of the Trust at Belavatta village, via online tomorrow (Nov. 30), Sait said.

READ ALSO  MLA Tanveer Sait distributes clothes to poor families

Maintaining that Udayagiri land too belonged to Wakf Board, Sait urged the CM to direct Canara Bank to stall online auction of landed property and thus save property of Wakf Board

ABOUT

Mysuru’s favorite and largest circulated English evening daily has kept the citizens of Mysuru informed and entertained since 1978. Over the past 45 years, Star of Mysore has been the newspaper that Mysureans reach for every evening to know about the happenings in Mysuru city. The newspaper has feature rich articles and dedicated pages targeted at readers across the demographic spectrum of Mysuru city. With a readership of over 2,50,000 Star of Mysore has been the best connection between it’s readers and their leaders; between advertisers and customers; between Mysuru and Mysureans.

CONTACT

Academy News Papers Private Limited, Publishers, Star of Mysore & Mysuru Mithra, 15-C, Industrial ‘A’ Layout, Bannimantap, Mysuru-570015. Phone no. – 0821 249 6520

To advertise on Star of Mysore, email us at

Online Edition: [email protected]
Print Editon: [email protected]
For News/Press Release: [email protected]