By Gandhya Senanayake
An investigation is underway over the blacklisting of a company director by the Credit Information Bureau (CRIB) after he lodged a complaint saying his signature was forged in a scam.
The company director claims he was blacklisted after he was used as guarantor for a Rs. 23 lakh car loan without his knowledge.
He says that although he had agreed to be a guarantor for the loan with a limit of Rs. 5 lakhs he backed out when he was told the loan would be Rs. 23 lakhs.
However when he attempted to apply for a loan for his daughter’s wedding it was rejected on the basis that he was blacklisted. The Fraud Bureau is now investigating. (Daily Mirror online)