Preity Zinta breaks silence on alleged Rs 18 crore loan from troubled New India Cooperative Bank: 'The account stands closed'
Preity Zinta, who is also the co-owner of IPL team Punjab Kings, has responded to allegations surrounding an alleged Rs 18 crore loan linked to her name, which was reportedly written off by the troubled New India Cooperative Bank Ltd. Denying any wrongdoing, Zinta issued a strong clarification, refuting claims made in a report.
Trump-Modi Meet
The mega MIGA, MAGA plans of India's Modi and US' Trump
Trump says India has more tariffs than others
Trump's 'golden rule' for imposing reciprocal tariffs
The controversy emerged as the report revealed that corporate loans amounting to Rs 25 crore were sanctioned without the knowledge of branch managers. Many of these loans quickly turned into non-performing assets (NPAs), allegedly due to fund diversions. Among the most high-profile cases mentioned was a supposed ₹18 crore loan to Zinta, which was claimed to have been «written off» without due recovery procedures.
In response, Zinta, through her legal team, clarified that she had an overdraft facility with the bank more than 12 years ago, which was fully repaid over a decade ago. She stated that her account had been closed since then, countering any claims that she benefited from the bank’s financial troubles.
«More than 12 years ago, I had an overdraft facility with the New India Cooperative Bank. More than 10 years ago, I repaid in full the entire dues in respect of this overdraft facility, and the account stands closed,» her statement said.
The situation at New India Cooperative Bank took a serious turn when the Reserve
