Railways Minister Pawan Kumar Bansal,who has denied any business relationship with nephew Vijay Singla,the prime accused in the bribery scandal,may expect fresh trouble.
Chartered accountant Sunil Kumar Gupta,who has been looking after accounts of firms owned by Bansals wife Madhu,sons Amit and Manish since 1990,allegedly helped Bansals sons firm secure loans worth crores of rupees after being appointed a director in Canara Bank in 2007. Bansal was then Union MoS for Finance. The bank gave loan to Theon Pharmaceuticals,owned by the ministers sons,in 2009. The same bank had in 2008 given loans worth crores to Singlas company,Mirage Infra Ltd.
Till 2007,Bansals firms,including Bansi Raunaq Energy,Isis Packaging,Theon Pharmaceuticals,reportedly did not get much cash flow but after Gupta became director,they got crores of rupees in loans. Gupta and Amit are both directors in Bansi Raunaq Energy. In fact,records of Registrar of Companies reveal that Gupta is the only outside promoter of the firm. In 2010,Guptas wife Pooja was made a director in Singlas MVM Metal and Alloys Pvt Ltd.
Gupta was made director in Triveni Projects and Resorts Private Ltd of Bansals nephew Vikram Bansal,in 2007.
Gupta said,Theon has been dealing with Canara Bank since 2006. I joined the bank in 2007. Pawan Bansal had no role in my appointment. The Board of Directors sanction loans only worth Rs 400 crores or more. The lesser amount is sanctioned by local branch managers. I do not have any role in this entire thing.