Ex Assam CM Hiteswar Saikia’s Son Arrested in ASCARD Bank Loan Scam

The Central Bureau of Investigation on Sunday arrested former Assam Chief Minister late Hiteshwar Saikia’s son Ashok Saikia in an alleged loan scam involving the ASCARD Bank.

Ashok Saikia was arrested from Guwahati after the local court issued a non-bailable warrant against him.

He will be produced in court on Monday.

The case pertains to a loan taken from Assam Cooperative and Agriculture Development Bank.

An FIR against him was registered in 1998 and the CBI took over the probe three years later and later chargesheet was filed in the case.

The alleged loan default case pertains to a loan of around Rs 9 lakh taken from the Assam State Co-operative Agriculture and Rural Development Bank Ltd (ASCARD) by Ashok Saikia.

The case was first filed in 1998 and the CBI initiated its investigation by registering a case in 2001.

Ashok Saikia issued a statement through his elder brother to say he had availed the loan in 1996 from ASCARD. “Later, I repaid the loan as per an ASCARD letter in 2011. The ASCARD general manager in-charge through an official letter, dated October 28, 2015, had stated that no dues were pending. The CBI team suddenly came to our house and said my loan is pending. I did not receive any notice from the CBI or the court,” he said.

He added, “I do not know why the CBI has brought me in a baseless and fictitious case. Only the CBI or the government will know this.”

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