I’m a resident of a small district in Uttar Pradesh. These days you must have heard about the numerous bank frauds happening in our country. My family is a victim of one such incident.
Some time back, Mr. Vishal Goel had approached my father regarding some small financial issue he was going through and in return he wanted him to stand as a guarantor for a loan he was taking from Punjab National Bank. For this guarantee my father was supposed to put the registry papers of our only house as the mortgage, and since Vishal was one of our acquaintances, my father had agreed upon it. What was told to my father was a loan of Rs. 50,00,000 (Fifty Lacs) which Vishal promised to return back in 3 months time and he also signed a legal document to support his statement.
Considering Vishal’s financial background, this amount didn’t seem to be impossible to be paid back by him and since he was going to start his new manufacturing plant with this amount, my father was convinced about the repayment.
Few months back, we received a note from bank stating that the account had gone into an NPA ( Non performing asset) state, and that for the recovery, our house would be taken by the bank. At that time, we also came to know that the loan amount which was sanctioned was not Rs. 50,00,000 (Fifty Lacs in INR) as informed to us, but Rs. 2,75,00,000 (INR 2 crore 75 lacs). Surprisingly, our house’s net value is much lesser than this.
When we enquired about the whole issue, we came to know that Mr. Vishal Goel, the bank manager, bank officials and few other people together are running this loan mafia and how they have done similar frauds with so many other people as well. Here, the amount which was sanctioned as the loan cannot be ever sanctioned on a property of this net value, these are the standard bank norms in our country and also, all of this happened without any knowledge of my father, who was the guarantor in this case.
Even though it is quite evident that this is a fraud done by some goons along with the cooperation from the bank officials, and also even after all our appeals and showcasing multiple proofs supporting our case, the bank is just not ready to relieve my father and our house from this situation and is threatening to take our house for the recovery of the amount.
My father and mother are senior citizens, and this being our only house has left us very helpless. My parents have started suffering from serious health issues and constant depression, always thinking about this issue. What seems to be the last resort here is that we’ll have to pay 70% of the loan amount on our own in order to save our house. Considering our current financial condition, by all means we would be only able to pay back a very small sum on our own, due to which I’m seeking help from you people. We need to collect a sum of Rs. 1.3 crore and any help from your side would be much appreciated.
Hope you would lend a hand, and help us in saving our only house. Every small contribution counts for us.
Indians can sending donations in INR can send it on
Name :Shubhi Garg
Account no : 919010019010711
IFSC code: UTIB0004064
Bank name : Axis bank