Chandigarh: In a major development, the Central Bureau of Investigation (CBI) has registered a case against Aam Aadmi Party MLA Jaswant Singh Gajjanmajra and three of his close relatives in connection with an alleged bank fraud worth ₹40.02 crore.
The case comes after action by the Enforcement Directorate (ED), further intensifying legal troubles for the MLA. The CBI has booked Gajjanmajra along with Balwant Singh, Kulwant Singh, and Tejinder Singh under charges including criminal conspiracy, cheating, breach of trust, and provisions of the Prevention of Corruption Act.
The accused had filed anticipatory bail petitions in a special CBI court. After hearing arguments from both the prosecution and defense, the court granted them interim relief. The judge directed all accused to surrender before the trial court on the next hearing date or earlier, following which regular bail may be considered under appropriate conditions.
According to the case background, a complaint was filed on December 1, 2020, by a Bank of India official regarding alleged misuse of cash credit facilities extended to Tara Corporation Limited. The complaint claimed that the irregularities caused a financial loss of ₹40.02 crore to the bank.
Investigations revealed that the company, established in 2010, was involved in agricultural trade and had availed credit facilities by pledging collateral and stock. However, it later defaulted on repayments.
Earlier, a police FIR had been registered, and a chargesheet was filed after completion of the investigation. The Special Judicial Magistrate had already issued summons to the accused.
The court noted that the investigation has been completed and the accused had cooperated during the probe, which contributed to granting them relief. The case is now set to move forward, with the framing of charges expected in the next hearing.
