OBC scam: CBI books Punjab CM Amarinder Singh' son-in-law
New Delhi, Feb 26 (IBNS): The Central Bureau of Investigation (CBI) has booked Punjab Chief Minister Captain Amarinder Singh's son-in-law Gurpal Singh for an alleged involvement in a bank scam by the Simbhaoli Sugars Pvt. Ltd. media reports said.
Gurpal is among 13 people who are booked for a loan fraud of Rs. 97.85 crore and a default of Rs. 110 crore to Oriental Bank of Commerce (OBC).
Though the bank had brought the issue into the notice of CBI in November last year, the investigating agency registered a case only on Feb 22.
Apart from Gurpal, Simbhaoli Sugars' Chairman Gurmeet Singh Mann, CEO G S C Rao, CFO Sanjay Tapria, Executive Director Gursimran Kaur Mann are among the other 12 who have been booked.
According to the FIR, the Oriental Bank of Commerce had sanctioned Rs. 148.60 crore to Simbhaoli Sugars Ltd back in 2011.
While the bank declared a fraud of Rs. 97.85 crore, the actual loss had amounted to 109. 08 crore.
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