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Pratibhaji and the loan
by Sampath S on Jun 23, 2007 10:45 AM

You will have to look hard to find a politician without assets, both performing and non-performing, and unpaid loans. A few years back, the banks were asked to publish defaulters' names, and were given the authority to seize and auction the hypothecated properties. The banks were publishing the list in the newspapers, but have stopped now. In Pratibhaji's case, the state government is the guarantor. Even it is made a pre-condition to clear the loan prior to acceptance of nomination, she and the congress party will do it without batting an eye lid. She is not the lone beneficiary in such transactions.

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