Mr Rajkumar Basantani
promoter of Soundcraft Industries Ltd., is an Ex SBI
employee, he got various Bank Managers, to give him
Rs 1000 Crores and then he fled from India on 4th
April 04...Surprisingly, he has so good relations
with the police, that he continues to communicate
with them, through his original cell no 98200 60781,
If any bank manager is in some trouble, he intervenes
and saves him..... He is a white collared
Dawood.
I got loan from
Greater Bank of Rs 30 lacs against flat 201,202 at
Pinky Panorama, Khar. The fraudster received Rs 16.5
crores against flat 501,502 Pinky Panorama,
Khar, from 2 banks (PNB & BOBL) ... same
size flat, same building....This Greater bank tried
all means legal & illegal to throw me out of
the flat, when I defaulted for Rs 19 lacs only
(though morgaged property was worth Rs 80 lacs) ...
basically so that their officers could get a cut from
selling my flat ... at the same time even GB had
given Rs 5.7 cr to this fraudster, with almost nil
security.
This is the same man,
who got me arrested on a false charge, because I
bought property, he left behind.... he left behind Rs
5 Cr worth property only, which the banks dutifully
seized, and were interested in selling to his proxy's
at a very low price.
While farmers commit
suicide, when they are unable to repay amounts as low
as Rs 25,000/-. the bank managers, loot Crores
through their friends
How
the managers looted the Banks that employed them:
Punjab National Bank Ltd.
against a flat of 398 sq ft. gave a loan of Rs
8 crores (sanctioned Rs 11.5 cr)
(the flat was not on the moon it was at Khar, 502,
Pinky Panorama)
to a company Soundcraft Industries Ltd., promoted by
Mr Rajkumar Basantani that has disappeared in
thin air.
This flat was valued
at Rs 2.04 crores, area shown as 2000 sq. ft. when
they gave the loan in 2001. False valuation report
provided by Anmol Sekhri & Associates.
Now,
Have they taken any
action against the managers, who cleared this
loan. NO.
Have they filed any case against the valuer. NO..
Any Shareholder
interested in taking the Directors of PNB to
task,
can get full details from me.
Economic Offences Wing
(EOW) of Mumbai Police is aware of all this,
but no action is initiated against bank officials or
the valuer.
(Corrupt Bank
Officials and EOW believe in Bhaichara)
The top management
must be making Crores of Rupees from these kind of
deals,
the amount illegally received must be invested
somewhere, in the form of properties, land or
jewellery... Let me know, in case you have any
information.... Email ikchhugani@yahoo.com
Bharat Overseas Bank Ltd.,
Similiar is the story of Bharat Overseas Bank Ltd.,
this bank has also given a loan of Rs 4 crores
(sanctioned Rs 5cr) against a flat of 641 sq.ft.,
501, Pinky Panorama, Khar.
Flat value shown
as Rs 2 crores, in 2001. False valuation report
showing area as 2000 sq. ft. again provided by Anmol
Sekhri & Associates.
the valuation
of this flat while giving loan, was Rs 2
Crore.
No
action taken against managers who sanctioned
the loan.
No action initiated
against valuer, who provided such a report.
EOW of Mumbai Police
is aware of this transaction too.
Again brotherly feelings prevail.
Greater Bombay Co-Operative Bank
This bank has advanced Rs 5.7 crores . Security they
have taken is shares worth Rs 25 lakhs .
Dena Bank
This bank has advanced Rs 15 crores. Security they
have taken is a Rs 1 crore leased property in New
Mumbai.
Andhra Bank
This bank has advanced 27 crores. Security they have
taken is a Rs 2 crore office in new Mumbai.
Bank Of India, Syndicate Bank, Canara Bank,
Vijaya Bank, Punjab Sind Bank, Oriental Bank Of
Commerce, Small Industrial Devevelopment Bank
and atleast 30 other banks have advanced sums
between Rs 5 Crores and Rs 20 crores to this company,
without any security.
Economic
Offences Wing (EOW) of the Mumbai Police is aware of
all the bank names and names of managers, who gave
such loans, so is the RBI.
An RTI application made to Mumbai police, got me a
reply "Information forwarded to RBI... Contact
RBI"
Surprisingly RBI has refused to give me info, in my
RTI enquiry "What action is taken against the
Bank Managers" ... Stating "Action taken is
confidential, info cannot be given".
Is
Mumbai Police supposed to take action against all the
Bank Managers ? Or are they supposed to become their
friend ? So that some share can be received ... This
is called Bhaichara ?
PIL will be
filed shortly, to force Police / RBI to initiate
action.
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