Mohit Kamboj, the richest candidate in the Maharashtra Assembly elections in October 2014, who had declared assets of over Rs 350 crore, to the Election Commission, continues to be in trouble.

The State Bank of India has asked Kamboj, who was the richest candidate in the Assembly elections, not to deal with his properties, including a flat at Puja Casa at Bandra where he stays. Pic/Shadab Khan
The State Bank of India has asked Kamboj, who was the richest candidate in the Assembly elections, not to deal with his properties, including a flat at Puja Casa at Bandra where he stays. Pic/Shadab Khan

Last month, the State Bank of India issued a notice regarding his property mortgaged to it, for non-repayment of a loan of Rs 68.88-crore. The loan had been taken by the firm KBJ Jewel Industry India Pvt Ltd, however, Kamboj claims that he is no longer associated with it. The bank has asked Kamboj not to deal with his own properties including a flat in Pali Hill’s Puja Casa, where he resides.

Kamboj, who was the BJP candidate from Dindoshi and had lost to Sunil Prabhu of the Shiv Sena, is the president of BJP’s Uttar Bhartiya Morcha. The bank notice states that, the company had sought a loan from the bank’s consortium, which also has Union Bank, against various assets, creating security for the loan amount.

Kamboj’s properties include the Pali Hill flat, units in industrial estates in Lower Parel and a flat in Worli too. Even before this, banks have issued notices against Kamboj twice for non-repayment of loans. While one was for a Goa property, the other was for the flat in Worli.

The notice (issued on May 30), a copy of which is available with mid-day, is issued by State Bank of India’s Stressed Assets Management Branch. The notice states that the debt was classified as a non-performing asset in November 2014 after the conduct of the financial assistance became irregular. A detailed query mailed to SBI’s Public Relations Officer received no response.