ED arrests Punjab AAP MLA Jaswant Singh Gajjanmajra in money laundering case - Hindustan Times
close_game
close_game

ED arrests Punjab AAP MLA Jaswant Singh Gajjanmajra in money laundering case

Nov 06, 2023 06:22 PM IST

Aam Aadmi Party MLA Jaswant Singh Gajjanmajra, who is accused of ₹41-crore bank fraud, had evaded four ED summons; to be produced in Mohali court

The Enforcement Directorate (ED) on Monday took Aam Aadmi Party’s Amargarh MLA Jaswant Singh Gajjanmajra, 60, into custody in connection with a Prevention of Money Laundering Act (PMLA) case registered against him last year.

The Enforcement Directorate took Aam Aadmi Party’s Amargarh MLA Jaswant Singh Gajjanmajra, 60, into custody in connection with a Prevention of Money Laundering Act (PMLA) case registered against him last year. (HT file photo)
The Enforcement Directorate took Aam Aadmi Party’s Amargarh MLA Jaswant Singh Gajjanmajra, 60, into custody in connection with a Prevention of Money Laundering Act (PMLA) case registered against him last year. (HT file photo)

ED sources said that Gajjanmajra was taken into custody as had evaded four summons for questioning in the case. He would be produced in a Mohali court on Monday evening, they said.

Hindustan Times - your fastest source for breaking news! Read now.

The Jalandhar ED team took Gajjanmajra into custody when he was addressing an AAP workers’ meeting at Amargarh in Malerkotla district in the morning.

Also read: Punjab Police yet to arrest farmers who forced officials to burn stubble

In September 2022, an ED team, had raided Gajjanmajra’s house besides a school and a cattle feed factory run by his family at Amargarh.

The ED had registered the PMLA case against him after the Central Bureau of Investigation (CBI) had searched his properties in connection with a 40.92-crore bank fraud case last year. A sum of 16.57 lakh, 88 foreign currency notes and incriminating documents were recovered during the searches, the CBI had said.

Gajjanmajra is among seven people and companies named as accused in the bank fraud case.

Balwant Singh, Kulwant Singh, Tejinder Singh, M/s Tara Health Foods Ltd through its directors, M/s Tara Corporation Ltd (renamed as Malaudh Agro Ltd), and public servants/private persons are among the accused.

The CBI probe was conducted after a Bank of India branch in Ludhiana complained against Gajjanmajra’s firm in Gaunspura, Malerkotla. The firm, which was engaged in trading of foodgrains, was sanctioned loans by the bank at four intervals from 2011-14. The bank’s complaint said through its directors, the firm had concealed “hypothecated stock and diverted book debts with malafide and dishonest intention so that the same were not made available to the creditor bank for inspection and for effecting recovery as secured creditor”.

The bank said that the loan availed had not been used for the purpose for which it was taken.

SHARE THIS ARTICLE ON
Share this article
  • ABOUT THE AUTHOR
    author-default-90x90

    A special correspondent, Vishal Rambani is the bureau chief at Patiala. He covers politics, crime, power sector, environment and socio-economic issues, with several investigative stories to his credit.

  • ABOUT THE AUTHOR
    author-default-90x90

    Navrajdeep Singh is a senior staff correspondent. He covers agriculture, crime, local bodies, health and education in the Patiala district of Punjab.

SHARE
Story Saved
Live Score
Saved Articles
Following
My Reads
Sign out
New Delhi 0C
Sunday, February 25, 2024
Start 14 Days Free Trial Subscribe Now
Follow Us On