As many as eight banks have put up notices, fixed various seals and pasted announcements that the property has been mortgaged to them. The owners, Dinesh Reddy and his wife Kalarani, who took all these banks for a ride, are absconding. The eight banks are now tied up in a knot and are struggling to find a solution to the imbroglio.
The couple had taken loans of approximately Rs 25 lakh from each of the eight banks - Canara Bank, Syndicate Bank (Jayanagar III Block), GIC Housing Finance, State Bank of Mysore (JP Nagar), UCO Bank (Banashankari), State Bank of Travancore (Girinagar), State Bank of India (Chamarajpet) and Corporation Bank (Jayanagar III Block). A notice pasted on the house, built...