Punjab government owned real estate body Greater Mohali Area Development Authority (GMADA) is under huge debt amount of Rs 3,150 crore but still the officials have no strain on their mind. While now the big question remaining unanswered that where that huge amount taken as loans from various banks have spent.
Mohali Municipal Corporation elected councillor Sahibee Anand earlier a month ago had file an RTI to seek the information over the same. In the RTI he had asked about the different banks that provided loan to the GMADA.
Sahibee Anand had alleged that the huge borrowed amount has been diverted to some other purposes.
While talking to Daily post he said, “A few days back GMADA had signed a MoU with Municipal Corporation, Mohali in which authority promised to pay 50 crore annually to the corporation for maintenance of parks, community centres and roads etc.” The MoU signed between the GMADA and the MC has confused me as the authority which has such huge capacity to pay such a big amount to the MC must be having healthy financial condition,” questioned Anand.
“Also this is the reason I have sought information about the financial health of Greater Mohali Area Development Authority. Anand said, the amount which GMADA borrowed from banks had been utilised somewhere else for other purposes,” he added.
Meanwhile, Anand said that in coming days he would also write to Chief Minister Captain Amarinder Singh asking for vigilance enquiry in this matter.
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