Sangrur: The Central Bureau of Investigation (CBI) is carrying out searches on Saturday at the properties linked to Punjab AAP MLA Jaswant Singh Gajjan Majra in connection with bank fraud case of over Rs 40-crore, officials said.
The investigation agency has recovered around Rs. 16.57 lakh foreign currency, property documents, bank accounts and other objectionable documents. Along with this, 94 blank checks and several Aadhar cards were also recovered.
The searches are being carried out in Maler Kotla area of Sangrur district in connection with the case against the Amargarh MLA. The case was registered on a complaint from Bank of India.
“The Central Bureau of Investigation is today conducting searches at three locations including at Malerkotla (Punjab) at the premises of accused including private firms, Directors/Guarantors in an ongoing investigation of a bank fraud case. A cash of Rs. 16.57 Lakh(approx), around 88 foreign currency notes, some property documents, several bank accounts and other incriminating documents were found and recovered during searches,” the agency said in a statement.
The AAP MLA has claimed that he has nothing to do with the companies and that his brother Balwant Singh is into the business of handling the companies. He added that he was not present at his residence when the CBI carried out raids.
This comes just a day after BJP leader Tajinder Bagga was arrested by the Punjab Police from his home in Janakpuri, Delhi in connection with an FIR registered on April 1. He was arrested over his month-old tweet wherein he wrote an alleged threatening statement against Delhi CM Arvind Kejriwal over his views on the film, The Kashmir Files.
Jaswant Singh, the Amargarh MLA, was a Director and Guarantor in the company, the CBI said. His brothers Balwant Singh and Kulwant Singh and nephew Tejinder Singh, all directors and guarantors, have also been booked by the agency.
The CBI said that a case was registered on complaint from Bank of India, Ludhiana against “a private firm based at Gaunspura, Tehsil- Malerkotla (Punjab) and others including then directors, guarantors of private company, another private firm and unknown public servants and private persons.”
The agency stated that, “It was alleged that the said private firm based at Gaunspura was engaged in trading of DOC Rice Bran, DOC Mustard Cake, Cottonseed Cake, Maize, Bajra and other food grains. The borrower firm was sanctioned loans at 4 intervals from 2011-2014 by the Bank.”
It was alleged that the loan availed by the accused has not been used for the purpose for which it was availed. An alleged loss of Rs. 40.92 Crore(approx) was caused to the bank, CBI said on Saturday.