OPEN APP
Home / News / India /  Look-out circulars issued against Narayan Rane's wife, son Nitesh Rane

A look-out circular has been issued against Union Minister Narayan Rane's wife Neelam Rane and son Nitesh Rane in connection with cases related to unpaid loans taken from a financial institution, according to news agency ANI. 

Nitesh and his mother had availed a loan from a bank amounting to over 61 crore in two different cases. Around 27 crore amount is unpaid in the loan taken by Nitesh while over 34 crore amount is unpaid in the loan taken by Neelam Rane, the report said. 

According to the report, the amount is not paid by both of them and their co-borrower companies have been classified as NPA. 

The bank wrote a letter in this regard to the Centre after which the government issued direction to the Maharashtra government to take appropriate action in the matter.

Accordingly, the DG office of Maharashtra police instructed Pune city police to issue a lookout circular against both. The look circular issued by the Crime Branch of Pune City Police mentions that both Nitesh and his monther may leave the country to avoid any action in this matter. 

Police have directed the airport authority and other agencies to inform the police about the travel movement of Nitesh Rane and Neelam Rane in order to take appropriate action if they try to leave the country.

"One of the organisations had some loan amount pending with them (Nitesh Rane and Neelima Rane) and the matter had reached central govt. A letter was received from the central govt to the state government and it was mentioned in the letter to take appropriate action. It was forwarded further and accordingly action has been taken," Dilip Walse Patil, Home Minister of Maharashtra said, was quoted as saying by ANI. 

Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
More Less
Subscribe to Mint Newsletters
* Enter a valid email
* Thank you for subscribing to our newsletter.
Post your comment

Recommended For You

Trending Stocks

×
Get alerts on WhatsApp
Set Preferences My ReadsWatchlistFeedbackRedeem a Gift CardLogout