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PNB loan fraud Himachal High Court: Whistleblower Chief Manager Mansi Negi shifted to Dehradun
Shimla, March 6,
A case raising questions over alleged loan irregularities in two Himachal districts has taken a new turn, with the Himachal Pradesh High Court directing the management of Punjab National Bank to transfer its Chief Manager Mansi Negi to Dehradun.
The order was passed by Ajay Mohan Goel while hearing Negi’s petition alleging victimisation after she flagged suspected irregularities in several loan accounts.
Court records submission during hearing
During the hearing on March 3, counsel appearing for the bank informed the court that while deciding Negi’s earlier representation, the bank had already offered her a posting in Dehradun. However, she had declined the offer at that stage.
Senior counsel representing the petitioner informed the court that Negi, who was also present in person during the hearing, was now willing to accept the Dehradun posting.
Taking note of the submissions made by both sides, the High Court directed the bank authorities to issue orders transferring her to Dehradun so that the ongoing litigation could move forward. The court also directed that all formalities related to the transfer be completed before the next hearing.
The matter is scheduled to come up again before the court on March 23, 2026.
Also read : Questions mount over PNB as Shimla hotel seeks CBI probe
Petition seeks CBI probe into loan accounts
In her petition, Negi has sought a probe by the Central Bureau of Investigation into alleged loan frauds and financial irregularities linked to certain companies operating in Sirmaur district and Solan district of Himachal Pradesh.
She has claimed that during her posting in Nahan, she discovered serious discrepancies in some loan accounts while verifying documents.
According to the petition, she refused to process certain loan proposals because the documentation was incomplete and allegedly violated the bank’s lending norms.
Negi has stated that some of the loan accounts she questioned were later classified as non-performing assets (NPAs), which she argues vindicated her decision to refuse approval.
Allegations of harassment and repeated transfers
The petitioner has further alleged that instead of taking action against those responsible for the alleged irregularities, complaints were subsequently filed against her and she was subjected to repeated transfers and harassment by the bank management.
She has also raised concerns over discrepancies in the valuation of collateral used to secure some loans, claiming that certain properties pledged as security were either overvalued or entangled in legal disputes.
Through the petition, Negi has sought directions from the High Court for a CBI investigation into the loan accounts she flagged and protection from what she describes as retaliatory action by the bank.
The case is being closely watched in banking and administrative circles as it raises questions about the handling of internal whistleblower complaints within financial institutions
About the Author
The HimachalScape Bureau comprises seasoned journalists from Himachal Pradesh with over 25 years of experience in leading media conglomerates such as The Times of India and United News of India. Known for their in-depth regional insights, the team brings credible, research-driven, and balanced reportage on Himachal’s socio-political and developmental landscape.
