Bollywood actress Preity Zinta has fiercely responded to allegations that an Rs. 18 crore loan in her name was written off by the financially troubled New India Cooperative Bank Ltd. The controversy erupted after a Moneylife report exposed large-scale financial mismanagement within the bank, revealing how corporate loans - some as high as Rs. 25 crore - were sanctioned without branch managers' knowledge and later turned into non-performing assets (NPAs) due to alleged fund diversions.
Among the high-profile cases mentioned in the report was the Rs. 18 crore loan purportedly linked to Preity Zinta. The article suggested that this massive sum was written off without proper recovery procedures, igniting a media frenzy. The revelations prompted the Reserve Bank of India (RBI) to crack down on the bank’s operations in an attempt to address the irregularities.
Determined to set the record straight, Preity Zinta issued a firm clarification through her legal team. She categorically denied any wrongdoing, explaining that she had availed of an overdraft facility from New India Cooperative Bank over 12 years ago. However, she emphasized that more than a decade ago, she had fully repaid the entire amount, making the allegations against her completely baseless. "More than 12 years ago, I had an overdraft facility with the New India Cooperative Bank. More than 10 years ago, I repaid in full the entire dues in respect of this overdraft facility, and the account stands closed," the actress was quoted stating on a portal.
Moreover, the actress also opened up about the matter on X aka Twitter, where she reposted a link and issued another statement denying these allegations and her involvement, adding, “No I operate my social media accounts my self and shame on you for promoting FAKE NEWS ! No one wrote off anything or any loan for me. I’m shocked that a political party or their representative is promoting fake news & indulging in vile gossip & click baits using my name & images. For the record a loan was taken and FULLY PAID BACK - over 10 years ago. Hope this clarifies and helps so there are no misunderstandings in the future”.
No I operate my social media accounts my self and shame on you for promoting FAKE NEWS ! No one wrote off anything or any loan for me. I’m shocked that a political party or their representative is promoting fake news & indulging in vile gossip & click baits using my name &… https://t.co/cdnEvqnkYx — Preity G Zinta (@realpreityzinta) February 25, 2025
As the controversy unfolds, all eyes are now on the authorities investigating the bank’s mismanagement while Zinta moves to safeguard her reputation in the public domain.
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