Vijay MallyaAnd industrialists like Neerav Modi escaped with thousands of crores of rupees from the banks, but in these banks many times the common people are harassed for small things. One such case has emerged in Tamil Nadu, where a customer’s gold worth lakhs of rupees was not returned for just Rs. 1. The matter has now reached the High Court.
A cooperative bank in Kanchipuram confiscated gold (169 grams) worth Rs 3.5 lakh, pledged by a customer C Kumar by accusing the default of 1 rupee. And it is not that Kumar did not want to pay one rupee, but after being disturbed by the bank, he now approached the court.
Customers of Kanchipuram Central Cooperative Bank, C Kumar, pledged 31 grams of gold on April 6, 2010 and took a loan of 1.23 lakh. On March 28, 2011, he repaid the bank loan with interest, but the bank’s record says that the rupee was pending. After this, on February 9, 2011, he took a loan of Rs 1.05 lakh from 85 grams of gold mortgages. By taking 52 grams and gold mortgages on February 28, 2011, they took a loan of 60 thousand rupees. After a few days, both of them paid the loan, but loan accounts were kept in balance with a balance of 1 rupee.
According to petitioner’s lawyer M Sathyan, C Kumar appealed to return jewelery to the bank several times and accept the payment of one rupee. The police also registered a criminal case against the bank, but they did not get jewelery back. This is suspicious about the safety of the jewelery kept, and hence he has now approached the High Court.
The case was heard on Friday. Justice T. Raja asked the government lawyer to take instructions from the authorities within 2 weeks.