Here we are back today with the latest news. According to media reports, the probe agency interrupted a meeting being held by the Punjab AAP MLA from the Amargarh constituency on Monday and took him away to the ED’s Jalandhar office. Punjab AAP MLA Jaswant Singh Gajjan Majra was on Monday arrested by the Enforcement Directorate in connection with a money laundering investigation linked to a bank fraud case, official sources said. The legislator was taken into custody under provisions of the Prevention of Money Laundering Act (PMLA) after he was detained by agency officials from a public meeting he was holding in Malerkotla, they said.
Why Arrested Punjab MLA
The Aam Aadmi Party’s Punjab spokesperson Malvinder Singh Kang charged that the way Gajjan Majra was picked up from a public meeting by the ED shows the BJP’s politics of defaming the party. He said the MLA has been facing a case since before he joined AAP. In May last year, the CBI conducted raids at premises linked to Gajjanmajra in connection with an alleged bank fraud of ₹40 crore. The ED team had then seized ₹32 lakh cash, some mobile phones, and hard drives after its raids.
It said the Bank of India’s Model Town branch in Ludhiana had sanctioned a loan on cash credit limits aggregating Rs 35 crore to the company as against hypothecation of stocks and book debts on 23.09.2011 under sole banking arrangement. “The account was also sanctioned an ad hoc limit of Rs 6 crore in February 2014 which is yet to be repaid by the company,” the agency said. It added that the aggregate loan outstanding is Rs 76 crore and Jaswant Singh, Balwant Singh, Kulwant Singh, and Tejinder Singh were directors and guarantors in the loan account of Tara Corporation Limited.
“When a fresh RoC (Registrar of Companies) search was initiated by the bank in May 2016, it was observed that there was a drastic change in the directors of the company (without intimation to or prior permission of bank) and Kirpal Singh Tiwana, Harish Kumar and Lakhbir Singh had been appointed as directors of TCL and principal person Balwant Singh had resigned from the directorship,” the ED alleged. AAP’s Punjab spokesperson Malvinder Singh Kang said, “The way he has been picked up from a public meeting by the ED shows the BJP’s politics of defaming the party.” Stay connected for more updates.