Congress MLA Ramesh Jarkiholi has been issued a bank notice for his failure to repay `253 crore debts availed by his Saubhagyalaxmi Sugar Factory in Belagavi.
The New Indian Express in its story says, the coalition government is said to have conspired to put an end to all rebel activities of Congress MLA Ramesh Jarkiholi by exposing his failure to repay `253 crore debts availed by his Saubhagyalaxmi Sugar Factory in Belagavi, sources said.
Fearing that his rebel activities with the support of a few Congress MLAs could put the government in a quandary, sources said the coalition leadership got notices issued to Jarkiholi-run sugar factory from different banks — from where he had availed crores of loans, the story adds.
Sources close to Jarkiholi said the latter has been putting pressure on the coalition government against seizure of his sugar factory for loan default. The factory owes about Rs 8 crore pending bills to the growers and is under pressure to settle it within the next one week.
“Jarkiholi is trying to find an escape route by saying that sugarcane growers will be in trouble if his factory is closed. Jarkiholi is finding excuses to go scot-free,’’ the New Indian Express reported.