Lookout notices against Rane's wife, son withdrawn

October 15, 2021 19:27

Narayan Rane

Lookout circulars issued by Pune police against Union minister Narayan Rane's wife Nilam and MLA son Nitesh in connection with unpaid loans taken from a financial institution were withdrawn recently after the amounts were settled, said a senior Pune police on Friday.

Deputy Commissioner of Police (Crime) Srinivas Ghadge said the lookout notices were withdrawn after DHFL (Dewan Housing Finance Corporation Ltd) informed through a letter that the outstanding loans had been paid by the Ranes.

A police official said Artline Properties Pvt Ltd, a firm owned by Nilam Rane, had availed a loan of Rs 25 crore from DHFL, in which she was the co-borrower, and the outstanding amount was Rs 27.13 crore.

Nilam Hotels, owned by Nitesh Rane, had availed a loan, and the outstanding amount in this connection was over Rs 34 crore, he said.

The lookout notices were issued last month after both the accounts were classified as non-performing assets (NPA), the official added. -- PTI

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