Co-operatives Minister Dayaldas Baghel said in the Chhattisgarh Assembly that loans were advanced by now defunct Indira Priyadarshini Bank to seven ‘fake firms’.
He was replying to Congress member Bhupesh Baghel who had demanded to know the names of companies which were advanced loans by the bank. The Congress member said that `21 crore were allegedly embezzled by the Bank officials while demanding that a CBI inquiry into the case.
Bhupesh Baghel demanded to know about the whereabouts of the money which was advanced as loans to the fake companies. The Congress members later staged walkout when the Minister rejected the demand for CBI inquiry into the case.