Trader accused of loan fraud by his employees, relatives
The Hindu
Employees and relatives of a puffed rice trader near Shevapet petitioned the District Collector here on Monday alleging that the trader took huge loans in their names from a nationalised bank without
Employees and relatives of a puffed rice trader near Shevapet petitioned the District Collector here on Monday alleging that the trader took huge loans in their names from a nationalised bank without their knowledge.
The petitioners complained that the trader, R. Babu, colluded with a staff at the nationalised bank and took loans in the names of 12 persons and failed to repay.
Due to non-payment of dues, they were facing legal action from the bank.
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