Manjeri: A private sector bank has attached 1.4 acres (56.66 ares) of land belonging to P V Anvar, a Member of the Legislative Assembly (MLA) representing the ruling front in Kerala, after he defaulted on loan repayment. The bank, which issued a newspaper advertisement in this regard, said that the land in Thrikkalangod village was attached over a loan default of Rs 1.18 crore.
The advertisement has a list of several defaulters who failed to clear the principal and interest on loans even after receiving a 60-day notice period. Number 14 on the list is Anvar and one P V Ifaskar.
According to the bank, the land belonging to Anvar and Ifaskar in Thrikkalangod village was seized under SARFAESI Act as the dues had mounted to Rs 1,18,48,366.09 till August 31 last year.
Reacting to the development, Anvar posted on Facebook that it was not for the first time that an entrepreneur was offering land as collateral for loan. Moreover, neither the government nor the people has suffered any loss over the bank’s action, added Anvar, who is presently abroad as part of his business activities.
Meanwhile, the authorities continued their work on dismantling a ropeway built on land belonging to Anvar’s father-in-law at Cheenkanni Para in Kakkadampoil based on an order of the ombudsman for local bodies. The work, being carried out by Urangattiri panchayat, on a contract for Rs 1.47 lakh is expected to last a week. Several local people reached the spot to watch the activities on Saturday.
Anvar, referring to the development in the Facebook post, wondered why there was so much noise about the ropeway demolition. The loss of the structure was insignificant to him, he noted.