38 crore rupees of Transport Corporation caught in Yes Bank as a result of negligence of officers, preparations had been made to purchase new bus

by Jeremy Spirogis
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Lucknow. Millions of rupees of UP State Road Transport Corporation are additionally caught in 'Yes Bank', going through monetary disaster. The matter got here to mild when information of the disaster looming over Yes Bank got here to mild. The Transport Corporation has suffered the negligence of Assistant Regional Manager Banking. Transport officers imagine that Rs 38 crore transport company is caught in Yes Bank. This quantity is for the acquisition of a brand new bus.

However, some officers had been retaining a detailed watch on the falling inventory of Yes Bank, which saved Rs 385 crore from being caught, in any other case it will have value Rs 423 crore. Let us know that the drivers and operators of the Transport Corporation made loads of exhausting work from the yr 2018 to 2019, as a result of which a hard and fast deposit of Rs 423 crore was made in 4 phases in Yes Bank. <! –


A senior officer of Lucknow Zone informed that the crew of middlemen who bought FD in Yes Bank had made this funding for increased curiosity and for their very own profit. However, when the command of the Transport Corporation got here into the fingers of Dr. Rajasekhar, he got here to know the handiwork of middlemen. After this, Rs 385 crore of mounted deposit was withdrawn from Yes Bank and deposited within the nationalized financial institution.

This quantity of mounted deposit from Yes Bank was withdrawn by the Transport Corporation three months in the past. At the identical time, Dr. Rajasekhar, Managing Director of UP State Road Transport Corporation mentioned {that a} letter has been written to the supervisor of Yes Bank on this regard. He says that because of the negligence of Assistant Regional Manager Banking, 38 crore out of 423 crore FDs have been caught in Yes Bank.

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