Bank seals Rajpal Yadav’s ancestral property, know why

Actor Rajpal Yadav is currently in the news regarding his house. He had a loan of crores of rupees, due to which the bank has taken a big action. His property in Shahjahanpur has been sealed after the actor allegedly did not repay the loan taken from the bank. The actor was in the news for the last several days in this matter. Now the officials have given this information that the actor’s property has been sealed.

Manish Verma, manager of Shahjahanpur branch of Central Bank of India, told on Wednesday that Rajpal had taken a loan of several crores of rupees from the Mumbai branch of the bank by mortgaging his ancestral property in Shahjahanpur. Due to his inability to repay the loan, the bank officials who came from Mumbai recently have sealed his property.

How many crores of rupees debt did Rajpal Yadav have?
Meanwhile, sources close to Rajpal Yadav said that Yadav had established ‘Navrang Godavari Entertainment Limited’ production house in the name of his parents in 2005 and had taken a loan of five crores from the Bandra Kurla Complex branch of Central Bank of India, which has now increased to about 11 crores.

Ancestral house sealed
According to media reports, on August 8, a bank team from Mumbai sealed the Shahjahanpur property which was mortgaged against the loan amount taken from the bank. The bank officials did not even let the administrative officials know before taking this action.

Superintendent of Police Ashok Kumar Meena said that he had no information about the bank’s action and neither was he asked to provide police force for security.

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