Simbhaoli Sugars chairman Gurmit Singh Mann also was named among the 12 accused in the case.
Syed Ali Ahmed
Tribune News Service
New Delhi, March 28
The CBI has issued a lookout circular against Gurpal Singh, son-in-law of Punjab Chief Minister Captain Amarinder Singh, and three others accused in the Simbhaoli Sugar Mills scam of Rs 97.85 crore, sources said.
The three others against whom the CBI has issued a lookout circular are mill chief executive officer GSE Rao, chief finance officer Sanjay Thaparia and executive director Gursimran Kaur.
The CBI registered a case against the accused on February 25 for the alleged bank loan of Rs 97.85 crore and default of Rs 110 crore. According to the FIR, there were two loans, both from the Oriental Bank of Commerce, under probe — a Rs 97.85 crore loan which was declared fraud in 2015, and a corporate loan of Rs 110 crore used to repay the previous loan. The second loan was declared NPA (non-performing asset) on November 29, 2016.
The bank complained to the CBI on November 17, 2017, but the agency registered the case only on February 22. Among the 12 accused booked in the case, Simbhaoli Sugar Mills Limited chairman Gurmit Singh Mann’s name was also included. The mill is located in Hapur in Uttar Pradesh.
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