The Vigilance Bureau has confiscated the records of bad loans from the Kangra Central Cooperative Bank (KCCB), reports the Tribune.
The inquiry into the bad loans given by the bank during the stint of previous Congress government has been initiated on the basis of a charge-sheet prepared by the BJP before the elections.
BJP had alleged that the bank management, headed by the previous chairman Jagdish Sapiya, had extended loans in violation of norms that had turned into non-performing assets (NPAs).
Sources said the vigilance confiscated records of loans extended to UR Sinter, Yudh Chand Bains and Crest Steel in Una district and RL Belvedere in Palampur. SP, Vigilance, Kangra, S Arul Kumar, admitted that the inquiry was going on.
