Lookout circular issued against Punjab CM Captain Amarinder Singh's son-in-law
Lookout circular issued against Punjab CM Amarinder Singh's son-in-law
A lookout circular against Gurpal Singh, son-in-law of Punjab Chief Minister Captain Amarinder Singh in the Simbhaoli Sugar Mills scam of Rs 97.85 crore has been issued by the Central Bureau of Investigation.
The notice has been issued against three others accused- mill chief executive officer GSE Rao, chief finance officer Sanjay Thaparia and executive director Gursimran Kaur.
The CBI registered a case against the accused on February 25 for the alleged bank loan of Rs 97.85 crore and default of Rs 110 crore.
There were two loans, both from the Oriental Bank of Commerce, under probe — a Rs 97.85 crore loan which was declared fraud in 2015, and a corporate loan of Rs 110 crore used to repay the previous loan, as per the FIR.
The second loan was declared NPA (non-performing asset) on November 29, 2016.
-PTC News
