CBI raid Punjab AAP MLA over Rs 40 crore bank fraud
Highlights
- CBI carried out searches at premises linked to Punjab AAP MLA Jaswant Singh Gajjan Majra
- The CBI recovered apporoximately Rs. 16.57 lakhs
- An alleged loss of Rs. 40.92 Crore(approx) was caused to the Bank of India
CBI raids Punjab AAP MLA house: The Central Bureau of Investigation (CBI) on Saturday carried out searces at premises linked to Punjab AAP MLA Jaswant Singh Gajjan Majra at three locations in Sangrur in a bank fraud case of over Rs 40-crore, officials said.
The CBI has recovered apporoximately Rs. 16.57 lakhs in foreign currency, property documents, bank accounts and other incriminating documents. Along with this, 94 blank cheques and several adhaar cards were also recovered.
"A case was registered based on a complaint by the Bank of India. The complaint has been filed against a private firm based at Gaunspura village, Malerkotla tehsil in Punjab and others including then directors, guarantors of the private company, another private firm and unknown public servants," the CBI said.
The searches had been carried out in Maler Kotla area of Sangrur district in connection with the case against the Amargarh MLA, with location being his ancestral home, they said.
The CBI further added, "It was alleged that the said private firm based at Gaunspura, Malerkotla was engaged in trading of DOC Rice Bran, DOC Mustard Cake, Cottonseed Cake, Maize, Bajra and other food grains."
The borrower firm had requested loans from the bank between 2011 and 2014 which had been sanctioned. An alleged loss of Rs. 40.92 Crore(approx) was caused to Bank.
The bank had declared the account as NPA on March 31, 2014 and later fraud on February 09, 2018 with an outstanding amount of Rs.40.92 Crore(approx). "It was also alleged that the loan availed by the accused has not been used for the purpose for which it was availed,” the CBI spokesperson said.
(With PTI Inputs)
