SALAR NEWS

Guaranteeing a loan isn’t repaying it: MP Mansoor Ai Khan hits back

He challenged BJP MP Tejasvi Surya to show the principal and interest repayment details if the Centre were truly repaying the bills.

Salar News

Bengaluru, 12 Nov

Rajya Sabha MP Mansoor Ali Khan hit back at Bengaluru South MP Tejasvi Surya’s claims, saying that the Centre being a guarantor to a loan doesn’t mean that they repay it.

Surya’s press conference “exposed a rather basic gap in understanding public finances,” Mansoor stated on X on Thursday.

“The State bears Rs 14,404 crore in land acquisition costs, Rs 4,955 crore in delay-related costs and the additional material price escalation caused by the 22-month delay,” Mansoor added. “Yet, he counts Rs 28,958 crore in sovereign-guaranteed foreign loans as the Centre's contribution. A guarantee is not a repayment.”

Mansoor challenged Surya to show the principal and interest repayment details if the Centre were truly repaying the bills.

“A 50:50 arrangement on paper does not translate into a 50:50 financial burden,” he added. “Karnataka is paying for far more than your calculations care to acknowledge.”

Mansoor also expressed shock at Bengaluru Development Minister Krishna Byre Gowda’s press conference on Friday being cancelled. “It took just one press conference… Asking Karnataka for its fair share is enough to get you silenced.”

DOES YOUR FRIEND OWN YOUR HOME?

The Congress X handle also hit back at Surya.

“By your logic, every loan guarantor in India should be celebrating as a property investor!” it quipped.

The Congress transposed Surya’s logic onto home loans.

“If you take a Rs 50 lakh home loan and your friend signs as guarantor, does your friend suddenly become the owner of the house while you spend the next 20 years paying EMIs?” it asked.