Imphal, May 21,
When unemployed youths of the state faced hardship in getting loan from banks even after being selected as beneficiary under the PMEGP Scheme, State Bank of India had granted a loan of Rs. 8 crore to the proprietor of the M.R. Roller Flour Mill constructed at Agricultural Land at Mantripukhri area.
Mahendra Kumar Jain, the proprietor beside failing to clear the dept had not filed any Income Tax returns since the financial year 2015-2016.
Source said that the Jamabandi and other document are not clear and appeared to be fake which the bank authority too are left in deep crisis in recovering the loan.
A source said that the owner of M. R. Roller Flour Mills TIN Number: 01431000911112 , PAN Number: AAOF6952B, Mantripukhri, Imphal East, Manipur-795002. Mr. Mahendra Kumar Jain, PAN Number: AERPJ7290Q of Account Number State Bank of India M.G Avenue Branch Manipur, 31734560718, has been found holding a factory on an agricultural land (Phoural) (Imphal Times have the Documents). The bank granted the proprietor a loan of the sum of amount of Rs. 8 crore against the Account Number State Bank of India, M.G. Avenue Branch Manipur, 31781664257 in fake document.
The proprietor had also not filed any Income Tax returns since the financial year 2015-2016. The source said that he also failed to pay adequate Sales Tax VAT returns and Income Tax returns since the financial year 2012.
Data’s in Sales Tax and VAT returns are found with a huge difference. His personal account states below the sum of Rs. 1030/- and no business transaction has been witnessed by the firm, M. R. Roller Flour Mills. The proprietor of M.R. Roller Flour Mill, did not yet register his stocks worth of more than 14 crore under The Goods & Services Act, as shown in last return of the financial year of 2015-2016, the source said.
The proprietor of M.R. Roller Flour Mill, Mr. Mahendra Kumar Jain, owns properties across the country namely, multiple flats in the city of Guwahati, Delhi, Bombay; Bungalows in Jaipur, Lands in Bangalore which is more than the sum of amount of Rs. 200 Cr.
Concern government authority have not taken up any action as of now as per the source available with Imphal Times.