With a case being booked against Amarinder Singh's son-in-law in connection with an alleged bank loan fraud, the Shiromani Akali Dal (SAD) on Monday launched a scathing attack on the Punjab Chief Minister. SAD leader and Union Minister Harsimrat Kaur Badal said that Amarinder Singh's "whole family is embroiled in scams".
The Central Bureau of Investigation (CBI) earlier registered a case against top officials of Simbhaoli Sugars Ltd including its Deputy General Manager Gurpal Singh, who is the son-in-law of Amarinder Singh, for alleged bank loan fraud of Rs 97.85 crore and default of Rs 110 crore.
"What do you expect from a Chief Minister who himself is embroiled in having black money abroad? The whole family is embroiled in scams. It isn't surprising. It's old habit of Congress: Harsimrat Kaur Badal told news agency ANI.
Bombay Stock Exchange-listed Simbhaoli Sugars is one of the largest sugar mills in the country. The company's Chief Executive Officer GSC Rao, CFO Sanjay Tapriya, Executive Director Gursimran Kaur Mann and five non-executive directors have also been booked by the agency.
The bank had complained to the CBI on November 17, 2017, but the agency registered the case only on February 22 this year. The probe focuses on two loans: Rs 97.85 crore which was declared fraud in 2015 and another corporate loan of Rs 109 crore which was used to repay the previous loan.
The agency also carried out searches at eight premises, including the residences of directors, factory, corporate office and registered office of the company in Delhi, Hapur and Noida on Sunday, said CBI spokesperson Abhishek Dayal.