No documents to show Vadra took loan from us: Corporation Bank chairman

IBN Live :Delhi | Posted on Oct 18, 2012 at 01:08pm IST

New Delhi: The Corporation Bank on Thursday confirmed that it had not given any loan to Congress president Sonia Gandhi's son-in-law Robert Vadra. This was confirmed by Corporation Bank chairman Ajay Kumar, who said that the bank would have had no problem in admitting if the loan was given to Vadra.

"We do not have the document on which the report has been placed. If we had given the loan to Mr Vadra then there was no problem in admitting it," said Corporation Bank chairman Ajay Kumar.

Kumar further said that there was "some sort of confusion over the issue" as "probably the balance sheet which I have seen in the news report does not say that Vadra's company has taken loan.

This comes after the CNN-IBN had reported that the internal probe of the Corporation Bank had suggested that no loan was given to Vadra. CNN-IBN met top executives of the New Friend's Colony branch of Corporation Bank where Vadra's company, Skylight Hospitality, has an account.

According to sources in the bank, the New Friend's Colony branch had sent all details of accounts of Vadra's company to its head office. After a detailed scrutiny of the documents concerning the accounts by the head office of Corporation Bank, which is in Mangalore, top officials in the bank said that loan was not given to the husband of Priyanka Gandhi.

This development has thrown up a major question concerning the controversy as to how did Vadra show the overdraft in his audited balance sheet.