Riteish Deshmukh and Genelia Deshmukh have landed in legal trouble after the cooperation minister, Atul Save has directed a probe into a controversial loan of Rs. 116 crores.
It looks like Bollywood's power couple, Riteish Deshmukh and his wife, Genelia Deshmukh have landed in trouble after they took a loan of Rs. 116 crores. It all started after Cooperation Minister, Atul Save had directed a probe against the couple's company, Desh Agro Private Limited, which had taken a loan from the Latur District Central Cooperative Bank.
In April 2021, Riteish and Genelia were allotted an MIDC plot in Latur, and they had taken a loan from LDCCB. The couple had to pay the amount in two instalments in October 2021, and July 2022. However, it is being reported that the funding from the bank has been done without following the norms.
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After this, Atul Save shared that the allotment of the land and functioning by the bank was because of their political connection. For the unversed, Riteish's elder brother, Amit Deshmukh was a minister in the previous MVA government and his younger brother, Dhiraj Deshmukh was the chairman of LDCCB. The letter can be read as:
"The allotment of the land and funding by the bank was because of his political connection. You are requested to probe the allotment and funding, and initiate necessary action."
In an interaction with the Hindustan Times, Amit Deshmukh revealed that the land allotment is not related to their department. He also assured that the deputy district registrar would probe the funding to check if adequate security against the loan was ensured. He also assured me that they would take a call to action after the report is submitted.
Riteish and Genelia's company had clarified that the couple is known to be law-abiding and the allegations raised against them are false and baseless.
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