Today : Feb 25, 2025
Politics
25 February 2025

Preity Zinta Blasts Congress For Loan Waiver Allegations

The actress clarifies misinformation, asserting loan was paid off years ago.

Bollywood actress Preity Zinta has found herself embroiled in controversy after allegations surfaced from the Congress party’s Kerala unit, accusing her of receiving an Rs 18 crore loan waiver from the troubled New India Cooperative Bank. The claims, which suggested Zinta had handed her social media accounts over to the Bharatiya Janata Party (BJP) as part of this waiver, were described by Zinta as "fake news" and have sparked heated discussions across social media.

Taking to X (formerly Twitter), Zinta expressed her shock at the claims made by the Kerala Congress. She emphasized the misinformation this political party was promoting, stating, "No, I operate my social media accounts myself, and shame on you for promoting FAKE NEWS! No one wrote off anything or any loan for me. I'm shocked... using my name & images." Along with this, she provided clarity on her financial dealings, noting, "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." This statement reiterates her position, aiming to dismiss any false narratives surrounding her financial affairs.

The controversy arose after the Reserve Bank of India (RBI) intervened with the New India Cooperative Bank, citing serious concerns over its liquidity and governance. On February 13, the RBI imposed All-Inclusive Directions (AID) which included suspending deposit withdrawals and halting new loan issuances for six months. The bank’s board was also superseded for twelve months amid these financial troubles, highlighting the gravity of the situation.

The Kerala Congress’s allegations were reportedly grounded in reports claiming Zinta's name appeared alongside other borrowers connected to corrupt practices at the New India Cooperative Bank. Following Zinta's denial, the party acknowledged her statements but insisted its claims were based on existing media reports, implying there might be credibility to their assertions following their internal review.

Zinta’s response to these allegations demonstrates her frustration not only with the political claims but also with the media's role in disseminated misinformation. She has called out specific journalists for their reporting, emphasizing the importance of fact-checking before publication. “I think it's time we start holding them responsible right here,” she wrote, signaling her intention to name reporters who propagate unverified stories about her. Her statements underline her struggle against false narratives, indicative of greater issues many public figures face within the media and political realms.

Adding to her concerns about misinformation, Zinta has expressed her intent to take accountability measures against journalists who fail to report accurately, indicating she has incurred significant expenses due to legal battles stemming from misinformation. “I have also gone to court… spent a tonne of money fighting cases,” she elaborated on social media, inviting broader discussions on the responsibilities of journalists and platforms to verify facts before broadcasting them.

The allegations surrounding her Rs 18 crore loan started trending after Zinta posted from the Maha Kumbh, where her image coincided with reports about her loan. The reported claims from the Congress party suggested the actress’s attendance was somehow linked to the waiver, creating even more controversy. Yet, Zinta clarified again, “No one wrote off anything or any loan for me,” reiteratively distancing herself from any unwarranted political narratives.

This situation not only showcases Zinta's attempts to clear her name but also speaks to the broader issue of public figures being subject to unfounded rumors and attacks, particularly from political factions leveraging their visibility for narratives. The actress has called for more accountability within journalism, emphasizing her unwillingness to remain silent when falsehoods could impact her reputation.

The boldness of Zinta's statements position her not merely as a celebrity responding to allegations but as someone challenging the status quo surrounding media accountability. By publicly confronting misinformation, she aims to both protect her image and contribute to the cleansing of journalistic practices.

While the RBI's stringent measures against the New India Cooperative Bank highlight necessary regulatory oversight, it also provides backdrop for the climate of insecurity among depositors and related entities. Influencing how financial institutions interact with notable individuals like Zinta can, unfortunately, lead to politicized narratives clouding the facts.

Moving forward, Zinta plans to stay vigilant against false news and the subsequent reputational risks they present. Her commitment to transparency and accuracy will likely resonate with others who find themselves facing similar incursions against their public profiles. “If you don’t value my reputation, then sorry I don’t value yours,” she stated emphatically, reflecting her resolve to battle the misinformation head-on.

The claims against Zinta serve as reminders of the power of misinformation, particularly when amplified by political discourse. Whether intended or not, such narratives create tumult not only for the accused but also for those witnessing the erosion of trust between public figures, media, and the communities they serve. Zinta’s crusade against misinformation may well inspire others to speak out against inaccuracies, push for responsible journalism, and reclaim their narratives from the grip of sensationalism.