The CBI today conducted raids on three premises linked to Amargarh AAP MLA Jaswant Singh Gajjan Majra in Sangrur in a case of alleged Rs 40 crore bank loan fraud.
CBI spokesperson RC Joshi said Rs 16.57 lakh, 88 foreign currency notes, some property and bank papers and incriminating documents were seized. Sources said the CBI also seized 94 blank cheques bearing signatures of different persons along with copies of Aadhaar cards.
The case was registered against the MLA, Tara Corporation Ltd (renamed as Malaudh Agro Ltd) based at Gaunspura, Malerkotla, and others on the complaint of Bank of India, Ludhiana branch. Joshi said Majra was one of the directors of the company.
His brothers Balwant Singh and Kulwant Singh and nephew Tejinder Singh, all directors and guarantors, were also booked, the official said, adding another firm Tara Health Foods Ltd was also named in the FIR.
