Richest MLA’s property seized

Mohit Kamboj richest candidate

A Worli flat of the richest MLA as per the candidature filed for the Maharashtra Assembly polls last year. Mohit Kamboj was symbolically attached by a bank. Kamboj,who lost the Dindoshi seat on a BJP ticket in the Maharashtra Assembly polls, had declared assets worth Rs 350 crore and was the richest amongst all the Candidates.

In the last six months, Indian Bullion & Jewellers Association president Mohit Kamboj has had two public notices issued against him by banks for taking possession of his properties in cases of outstanding loans. The Worli flat measuring 2324 sqft situated in Avarshekar Heights has been taken over by the bank now for non-payment of a R30-crore loan for which he stood as a guarantor.

According to a report in mid-day, Bank of India has issued a notice in November calling upon the borrower/guarantors Miksha Gold Jewellery Ltd, Mohit Kamboj, Deepak Kamboj, Pinki Kamboj, Jitendra Kapoor and KBJ Jewellery to repay the aggregated amount or Rs 30.90 crore (the loan amount) and clear off the dues.

Kamboj however, claims that he is only a guarantor of the loan. “I am only the guarantor for a company. High Court has given orders to the promoter of the company to get my property released in February 2015, for which I have given a guarantee. The borrower promised to get my guarantee released before the judge but he has not done it yet,” he said.