Punjab National Bank is not disclosing any action taken regarding big defaulters like Nirav Modi, Vijay Mallya and Mehul Choksi

 

Grievance Status for registration number : DEABD/E/2023/0057816

Grievance Concerns To

Name Of Complainant

Yogi M. P. Singh

Date of Receipt

15/08/2023

Received By Ministry/Department

Financial Services (Banking Division)

Grievance Description

Financial Services (Banking Division) >> Fraud

Department/Bank/Financial Institute : Punjab National Bank

An application under Article 51A of the constitution of India regarding the big defaulters of the Punjab National Bank which is a nationalised bank of the Government of India.

There must be transparency and accountability in the working of a public authority and the Punjab National Bank is inviting the money of the common people so it's safeguard must be ascertained by them. Following big defaulters of the Punjab National Bank deliberately cheated the bank and it took place because of the rampant corruption in the working of the Punjab National Bank. It is obligatory duty of the government to ensure the protection of the interest of the tiny borrowers of the Punjab National Bank because this huge loss will be compensated from them by the corrupt bank staff in cryptic and mysterious way.

Whether any action has been taken by the Punjab National Bank to carry out the recovery of the borrowed money of these big defaulters? What is the current status of the recovery of the borrowed money from these big defaulters?

What action has been taken against the corrupt staff of the Punjab National Bank who are responsible for such a huge scam?

If the Punjab National Bank has closed this chapter then provide the reason of it.

There are several examples of harassment of tiny borrowers of the bank who are being harassed by the bank staff by decreasing the limit of the loan even when they are paying the interest timely and amount is less than the limit of the loan which has been sanctioned by the bank. Such harassment on the large scale by the Punjab National Bank is causing the human rights violations and violations of the consumer rights on the largest scale. Such practises must be stopped by the Punjab National Bank with care and attention. We people of this country expect from the government and the bank to take actions which must setup a precedent in future.

Punjab National Bank admits loan defaults of over Rs 25,000 crore.

The list goes beyond Nirav Modi and Mehul Choksi

Current Status

Case closed   

Date of Action

11/09/2023

Remarks

Reply attached.

Reply Document

Rating

1

Poor

Rating Remarks

This is not a report submitted by the staff of the Punjab National Bank but a filled effort to conceal the corruption from the public which is prevailed in the working of the Punjab National Bank.

Appeal Details

Appeal Number

DEABD/E/A/23/0019305

Date of Receipt

13/09/2023

Appeal Text

Respected staff of the Punjab National Bank, the applicant wants to know what action exactly action taken by the Punjab National Bank in the matter and what action has been taken by the concerned branch under the SARFAISI Act 2002 to recover the non-performing assets in the matter concerning these big defaulters. Undoubtedly the matter concerns the wide public interest but because of the corruption rampant in the working of the Punjab National Bank the accountable staff of the Punjab National Bank are running away from disclosing the truth to the applicant because after fear psychosis to be exposed. The following is the arbitrary and inconsistent reply of the concerned staff of the Punjab National Bank which cannot be expected from a public authority which is performing its function with transparency and accountability. Dear Mr. Yogi M. P. Singh With reference your complaint dated 15/08/2023 on CPGRAM portal reference No. DEABD/E/2023/0057816. We would like to inform you that appropriate action is being taken by Bank as well as by Government of India in the case of Neerav Modi and Mehul Chouksy . In absence of any other specific case mentioned in your complaint we are unable to take any other action against your complaint. Thanks and regards Complaint Cell Punjab National Bank CO Prayagraj Whether Govt has 100 percent tolerance to the corruption which is reflecting in the working of the Punjab National Bank Ipso facto. This is a humble request of the applicant to the appellate authority of the bank to take appropriate action in the matter as the matter concerns the deep-rooted corruption in the working of the Punjab National Bank and for the public faith it is necessary.

Current Status

Appeal Received

Officer Concerns To

Officer Name

Shri Sanjeev Kumar Dhupar (General Manager)

Organisation name

Punjab National Bank

Contact Address

Corporate Office Plot No 5, Sector -32, Gurugram, Haryana

Email Address

pno@pnb.co.in

Contact Number

01244126244

Reminder(s) / Clarification(s)

Reminder Date

Remarks

15/08/2023

The list goes beyond Nirav Modi and Mehul Choksi who scammed the bank out of Rs 14,000 crore. Kingfisher boss Vijay Mallya also features in the list. He owes Rs 597.4 crore to the bank on the defunct airline's account. Other defaulters include Kudos Chemie Ltd., Chandigarh for Rs 1,301.8 crore, Winsome Diamonds & Jewellery Ltd for Rs 899.7 crore, Jas Infrastructure & Power Ltd., Kolkata for Rs 410.9 crore, Zoom Developers Pvt. Ltd. Mumbai/Indore Rs 410.1 crore.

The All India Bank Employees Association General Secretary CH Venkatachalam said, It is not confined to one bank and all banks have such bad loan accounts. A bulk of defaulters are corporates or big companies and a forensic audit of all should be carried out. Why cannot the bank file criminal cases against the big-time wilful defaulters instead of merely civil suits which can drag on for years?

Gmail Mahesh Pratap Singh Yogi M P Singh <yogimpsingh@gmail.com>

CPGRAM Complaint

1 message

CO Allahabad Complaints Monitoring <coaldcmpl@pnb.co.in> 11 September 2023 at 12:31

To: "yogimpsingh@gmail.com" <yogimpsingh@gmail.com>

Dear Mr. Yogi M. P. Singh

With reference your complaint dated 15/08/2023 on CPGRAM portal reference No. DEABD/E/2023/0057816.

We would like to inform you that  appropriate action is being taken by Bank as well as by Government of India in the case of Neerav Modi and Mehul Chouksy .

In absence of any other specific case mentioned in your complaint we are unable to take any other action against your complaint.

Thanks and regards

Complaint Cell

Punjab National Bank

CO Prayagraj

Azadi Mahotsav