Borrower flees to US, leaving guarantor friend in trouble

By Staff
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Google Oneindia News

New Delhi, Apr 12 (UNI) A migrant Kashmiri Pandit, who stood guarantor to a close friend in a multi-crore rupee voter ID card project, stands to lose his only shelter in the capital after being ''duped'' by his friend.

While his friend and family members have fled to the US, law has closed in on Chand N Langar for what he says, ''trusting a friend'' who has settled abroad along with his family members.

According to petitions filed by Mr Langar, a cancer patient, with the President, Prime Minister, Finance Minister, Secretaries of Finance and Banking, the CVC, the CBI and the National Human Rights Commission (NHRC), the authorities are allegedly ''shielding'' the main culprits.

The main borrowers belonging to reputed families of Hyderabad and Mumbai and having considerable clout in the government, ''are roaming scot free and I am being tortured unnecessarily for being a guarantor,'' he said in his appeals sent on March 30.

Mr Langar had stood guarantor to a company S R Imaging Systems, Hyderabad, in a voter-identity card project financed by the Punjab and Sind Bank.

About 500 boys and girls were recruited by the company and 400 computers and 100 video cameras were installed at the office to produce photo-identity cards for the Election Commission.

The office was shown by the defaulters as being operated from the premises of Mr Langar in Delhi, which, he said, was not true.

In a letter to the Chairman of the Punjab and Sind Bank, Delhi, he alleged that the Directorate of Revenue and Taxation (DRT), Delhi, had cancelled the arrest warrants issued against the main culprits under various Sections, including 138 of the IPC. This had been done in collusion with some bank officials and the DRT, Hyderabad, he alleged.

He has urged the government to initiate action to book the the company owned by the main borrowers at Atlanta in the US whose US address is known to the bank.

He urged the government to direct the CBI to investigate the matter and seek extradition of the accused from the US to for legal proceedings in India.

The veracity of the facts could be ascertained from the bank with which the culprits had deposited a cheque of Rs 23.5 lakh at the Punjab and Sind Bank at Hyderabad.

''Another cheque for Rs 23.5 lakh also lying with the bank, given by the loanee'' without disbursement, Mr Langar said in an affidavit.

Mr Langar said in the affidavit that an arrest warrant was issued by the Regional Officer at Delhi, DRT, but ''with their money and muscle power,'' they have been evading arrest.

UNI

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