Srinagar, Sep 28 (PTI) In an apparent name and shame exercise, the Punjab National Bank issued an advertisement Friday, declaring former minister in the Mehbooba Mufti government Imran Reza Ansari and his family members as “wilful defaulter” of loans to the tune of Rs 32 crore. Also Read - PNB Reports Rs 492 Crore Loss For Q3 Owing to Increase in Bad Loan Provisioning

“In public interest, it is informed that having been declared as a wilful defaulter by the bank, the borrowers are not entitled to financial assistance from any other bank/financial institution,” the advertisement published in a Jammu-based paper read. Also Read - Chopper Service Suspended as Mata Vaishno Devi Shrine Sees Fresh Snowfall

It alleged that PDP MLA Ansari, his uncles – Amjab Abbas and Abid Hussain, and his first cousin Kumail Hussain have an outstanding balance of Rs 32.47 crore against them as on August 31, 2018. Also Read - PNB Scam Case: UK Court Extends Remand of Nirav Modi, Asks Him to Appear on January 30

The loans taken by the Ansari family, which runs Highland Automobiles in Srinagar, were declared non-performing assets on December 31, 2008 and the borrowers were declared wilful defaulters on March 19, 2014.

The notice further said that the public at large is informed that the Ansaris have availed loans from the bank and due to default on repayment, the accounts have been declared as non-performing assets.

“The bank has initiated recovery proceedings against them,” the advertisement read.

The 46-year-old Ansari owns 40 per cent of the shares in Highland Automobiles and he had made no mention of the money he owes to the bank in his affidavit submitted to Election Commission on November 17, 2014.

The affidavit of Ansari, who represents the Pattan assembly seat, mentions that a mortgage loan is pending against Highland Automobiles with the Punjab National Bank.

Ansari did not answer the phone calls made to elicit his reaction on the issue.

This is published unedited from the PTI feed.