Punjab CM Captain Amarinder Singh's son-in-law is one of the 13 booked for bank fraud case against Simbhaoli Sugars Ltd. Amarinder Singh's son-in-law, Gurmit Singh Mann is Chairman of the Hapur-based Simbhaoli Sugars Ltd. 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.
(With agency inputs)