New Delhi, Feb. 12 (ANI): The Punjab Vigilance Bureau has registered a fourth case against former chief minister Captain Amarinder Singh on charges of cheating, criminal breach of trust, criminal conspiracy and converting his bribe into 'white money' by faking the sale of shares of his company.
Earlier cases registered against Singh were in connection with the Amritsar Improvement Trust scandal, the Ludhiana City Centre scam and a disproportionate assets case.
Amarinder's son Raninder Singh was also booked under similar charges. In the FIR, the Vigilance bureau alleged that Singh used illegal means to transfer his unaccounted money into the account of his company, Teg's Masrado Private Limited.
Registered in 1975, the company was an export-oriented unit that became defunct in 1992.
Amarindar was holding the post of Managing Director while his son was the joint managing director.
The estimated loss of the company till April 2002 was about 5.24 crore rupees, and the balance sheet showed nil turnover.
The company also had a dispute with the Bank of Baroda on worth 6.94 crore rupees.
During his tenure as chief minister, Singh allegedly used the company to fraudulently evade income tax for personal gains.
The company received 1.35 crore rupees from four Kolkata-based companies during 2004-05.
During the same time span, land worth 1.72 crore rupees was purchased by the company in Main village near Patiala for setting up of a shooting range that did not fall within the objectives of the company.
In the next financial year, the company received another 1.96 crore rupees as share application money from three Kolkata based companies.
The investigation found out that these companies in Kolkata were operating from small and dingy rooms with only a telephone facility. (ANI)