Amit Shah refuses to comment on banking scam involving Punjab CM’s son-in-law


BJP President Amit Shah refused to comment on yet another banking scam, this time involving the Punjab Chief Minister Captain Amarinder Singh’s son-in-law. The CBI on Sunday booked Gurpal Singh in connection with the reported bank loan fraud of Rs 97.85 crore and default of Rs 109 crore.

Shah, who is in Karnataka as part of his efforts to seek support for his party in the upcoming assembly polls, was asked by a journalist to comment on Punjab CM’s son-in-law being booked by the CBI. He said, “I don’t want to make any allegations because I don’t have much information on Amarinder Singh’s son-in-law.”

The federal probe agency on Sunday registered a case of fraud, amounting to Rs 200 crore, against Simbhaoli Sugars Ltd, one of India’s largest sugar mills. Gurpal Singh worked at the sugar mills as a deputy general manager. The Hapur-based sugar mill is accused of having fraudulently diverted funds received as loans for sugarcane farmers and self help groups in 2011, reported India Today.

One of the banks affected by this fraud is once again Oriental Bank of Commerce. This was just a day after another banking scam worth Rs 3.9 billion has emerged at the Oriental Bank of Commerce, prompting the CBI to register a case against a Delhi-based jeweller.

The OBC had alleged that Dwarka Das Seth International cheated it with the help of some of its officials, using Letters of Credit (LCs). These LCs were availed during 2007 and 2012.

Nirav Modi and Mehul Choksi had used the similar methods to defraud PNB of Rs 11,400 crore (114 billion). The emergence of another banking fraud comes amidst the raging controversy surrounding the escape of Mehul Choksy and Nirav Modi after they allegedly defrauded the PNB of Rs 11,400 crore.