Dehradun, Dec. 4 -- A major financial fraud involving crores of rupees has come to light in Dehradun. In all, 17 businessmen are stated to have availed Mudra loans from UCO Bank for starting new businesses or expanding businesses but have failed to utilise the funds for the intended purpose. As per the complaint, the accused also defaulted on repayment of the loan amounts. Acting on a complaint lodged by the bank manager, the police have registered a case and initiated investigation into the matter.
According to the complaint filed by UCO Bank's Garhi Cantt Branch Manager Ankita Mishra, loans amounting to Rs 1.40 crores were sanctioned to 17 individuals for business purposes. However, after disbursement, these business owners not only fail...