HindustanTimes Mon,15 Sep 2014

Sarabdyal had assets worth Rs. 2.56 crore, HC told

HT Correspondent, Hindustan Times  Chandigarh, November 23, 2012
First Published: 14:06 IST(23/11/2012) | Last Updated: 14:45 IST(24/11/2012)

Personal assistant of former cabinet minister Gulzar Singh Ranike and key accused in the border area development programme fund scam, Sarabdyal Singh accumulated assets worth Rs. 2.56 crore from the embezzled amount between July 2008 and September 2012. The information was submitted by Opinderjit Singh Ghuman, superintendent of police (SP) in vigilance bureau, Amritsar range, in the Punjab and Haryana high court on Friday.


Sarabdyal purchased 500 square yard house in Rani Ka Bagh, Amritsar, for Rs. 1.2 crore in May 2010; 216 square yard plot in Ranjit Vihar for Rs. 18.67 lakh in May 2010 and a plot in Sector 22, Chandigarh, for Rs. 1.1 crore in September 2012. Sarabdyal also invested Rs. 21 lakh as share in Riseland School and Verpal School in July 2008, Rs. 1.24 lakh in Met Life Insurance in May 2009, Rs. 2.5 lakh in Emerging Life Housing Corporation and Rs. 1 lakh in Fixed Deposit Receipt (FDR) in HDFC Bank, Mall Road, in September 2011.

Opinderjit Singh Ghuman also informed the court that disproportionate properties of Sarabdyal Singh's co-accused had also been identified, which were purchased during the scam period and are worth Rs. 52.85 lakh. Gulzar Singh Ranike has joined the investigation on November 15 and was thoroughly questioned by the investigation team, he added.

The information was submitted during the resumed hearing of a public interest litigation filed by advocate Hari Singh Nagra, seeking a Central Bureau of Investigation (CBI) probe in the case.

Appearing for the state government, advocate general Ashok Aggarwal, said: "Challan is ready for filing, which is here in the court in a sealed cover. I will file it on Saturday." On this, the division bench comprising chief justice Arjan Kumar Sikri and justice Rakesh Kumar Jain directed the advocate general that the challan be presented in the Amritsar trial court.

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