CBI raids on many places of Aam Aadmi Party MLA Jaswant Singh in Punjab, 41 crore bank scam case

After the action of Punjab Police against BJP leader Tejinder Pal Bagga in Delhi, now the CBI has raided the places of Aam Aadmi Party MLA in Punjab. It has been told that the CBI has raided many places of Aam Aadmi Party MLA Jaswant Singh. After which action can be taken against the MLA.

Raids in bank scam case
Actually, this CBI raid has happened in the bank fraud case. This bank scam is about Rs 41 crore. Now political turmoil may start once again in Punjab regarding this raid on the MLA of Aam Aadmi Party. Because there is already a ruckus in Punjab and Delhi regarding the BJP leader Bagga. BJP leaders are continuously protesting against the Kejriwal government and alleging that they are misusing the power.

16.57 lakh (approx) cash, around 88 foreign currency notes, some property documents, several bank accounts and other incriminating documents were recovered in the CBI raid. It is alleged that the loan taken by the accused has not been used for the purpose for which it was taken.

What is the whole matter
A case was registered on complaint form Bank of India, Ludhiana, a private firm located at Gaunspura, Tehsil-Malerkotla (Punjab) and against the then directors, guarantors of the private company, another private firm and unknown public servants/private persons among others. It was alleged that the said private firm, DOC Rice Bran, DOC Mustard Cake, Cottonseed Cake, Maize, Bajra and other food grains based in Gaunspura, Malerkotla was engaged in trading of food grains. The loan was sanctioned by the bank to the borrower firm at 4 intervals from 2011-2014. It was further alleged that the firm through its directors had concealed blind stock and malafide and dishonestly diverted the book debts so that it was not made available to the creditor bank for inspection and recovery as secured creditors. Could. Due to this the bank suffered a loss of about 40.92 crores.