Wahid Sandhar Sugars Ltd owes cane farmers Rs 40 crore : The Tribune India

Join Whatsapp Channel

Wahid Sandhar Sugars Ltd owes cane farmers Rs 40 crore

Wahid Sandhar Sugars Ltd owes cane farmers Rs 40 crore

Akali leader Jarnail Singh Wahid and his family in VB custody.



Tribune News Service

Chandigarh, September 30

Wahid Sandhar Sugars Ltd (also known as Golden Sandhar Mills Ltd), whose three directors were arrested by the Vigilance Bureau (VB) today, owes Rs 40.71 crore to hundreds of farmers.

Around 600 farmers find themselves trapped in Kisan Credit Card (KCC) loan liabilities, with each one being held accountable for Rs 3 lakh apparently under the mill’s guarantorship.

A Vigilance spokesperson said they found during a probe that directors of the mill failed to clear outstanding dues of sugarcane farmers in the past four years.

The farmers have started receiving legal notices from IDBI Bank, Phagwara, urging them to repay KCC loans (Rs 3 lakh each). What baffles the farmers is that they have no recollection of seeking or utilising loans.

The Vigilance spokesperson said all the money would be recovered from the arrested accused.

600 Farmers get notice to repay loan

  • Around 600 farmers find themselves trapped in Kisan Credit Card (KCC) loan liabilities
  • Each farmer is being held accountable for Rs 3L each apparently under the mill’s guarantorship
  • The farmers have started receiving legal notices from IDBI Bank, Phagwara, to repay KCC loans

About The Author

The Tribune News Service brings you the latest news, analysis and insights from the region, India and around the world. Follow the Tribune News Service for a wide-ranging coverage of events as they unfold, with perspective and clarity.


Top News

Punjab ex-CM Capt Amarinder to skip PM Modi's rally in home turf Patiala as farmers begin their protest march to venue

Punjab ex-CM Capt Amarinder Singh skips PM Modi's rally on home turf Patiala; resting at Delhi home, unwell

Insiders said that the entire poll campaign was planned in s...

PM Modi in Punjab: Congress questions NDA Government on farmer issues

PM Modi in Punjab: Congress questions NDA Government on farmer issues

Says farmer justice will be top priority for upcoming INDIA ...

Deve Gowda asks grandson Prajwal to return, face probe into sexual abuse allegations

Deve Gowda asks grandson Prajwal to return, face probe into sexual abuse allegations

The JD(S) supremo reiterates that his grandson should be giv...

EC ticks off Punjab ex-CM Channi for calling Poonch terror attack on Air Force convoy a ‘staged stunt’

EC ticks off Punjab ex-CM Charanjit Channi for calling Poonch terror attack a ‘staged stunt’

Channi had remarked that the Poonch terror attack on May 4, ...


Cities

View All