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CBI books Punjab CM’s son-in-law, 11 others of Simbhaoli Sugars in OBC Bank fraud

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CBI books Punjab CM's son-in-law, 11 others of Simbhaoli Sugars in OBC Bank fraud

Punjab Chief Minister Amarinder Singh’s son-in-law and 11 others have been booked by the CBI in a case registered against Simbhaoli Sugars Limited – a private sugar-manufacturing firm based in Uttar Pradesh’s Simbhaoli – in connection with reported bank loan fraud of Rs 97.85 crore and default of Rs 110 crore in loans from the Oriental Bank of Commerce (OBC).

Gurpal Singh, one of the deputy directors, is married to Punjab CM Captain Amrinder Singh’s daughter Jai Inder Kaur. Gurpal Singh is on the board of directors of eight companies in total.

The CBI has registered a case of fraud against the top officers of Simbhaoli Sugars Limited, including the CMD, CFO, CEO and directors, and unknown bank officials. The CBI has charged them with criminal conspiracy and cheating.

The CBI FIR mentions two loans, said media reports. Of the two, one is a Rs 97.85 crore loan declared fraud in 2015. The other is a corporate loan of Rs 110 crore that was used to repay the previous loan. It has been learnt that the corporate loan was declared non-performing asset (NPA) on November 29, 2016 in the aftermath of Prime Minister Narendra Modi’s demonetisation move, said a Financial Express (FE) report.

The bank had lodged a complaint with the CBI on November 17, 2017. The case was registered by the CBI on February 22 this year, according to reports.

The CBI’s FIR, reported The Times of India (TOI), has alleged that Oriental Bank of Commerce sanctioned a loan amounting to Rs 148.59 crore to Simbhaoli Sugars in December 2011 after the company approached it with a proposal for financing sugarcane farmers under the tie-up arrangement with the company (with a maximum limit of Rs 3 lakh per farmer).

The company supplied to the bank the names of individual farmers along with their details of land holding and cane supplied by them in the previous season. It was also supposed to submit the KYC and other requisite documents along with the loan application of individual farmers.

The bank’s Hapur branch disbursed loans to 5,762 farmers between January and March 2012 totalling Rs 148.59 crore. The loans were disbursed through individual loan accounts opened for farmers and consolidated amount of each disbursement was credited in the Escrow (current) account of Simbhaoli Sugars on the basis of undertaking given by the company that inputs like seed, fertilizers and other necessary equipments etc have been supplied by it to all the individual farmers.

It turned out that Simbhaoli issued improper KYC certificates in the names of farmers, the TOI report said. The company transferred diverted the funds from the Escrow account to other accounts maintained by it with SBI, Punjab National Bank and UCO Bank through RTGS. This way, OBC claimed, Simbhaoli Sugars has misappropriated the money lent by it and “there is clear cut division of funds”.

The loan account of Rs 148.59 crore was declared non-performing asset (NPA) in March 2015 and a fraud in May 2015 for an outstanding amount of Rs 97.85 crore.

Interestingly, in addition to existing NPA, OBC, under multiple banking arrangements sanctioned another corporate loan of Rs 110 crore to Simbhaoli in January 2015 to pay its outstanding loan of Rs 97.85 crore. “They (bank) adjusted the total liability of Rs 112.94 crore of company in June 2016 by sanctioning this new corporate loan,” says CBI.

The corporate loan, too, turned NPA on November 29, 2016, in the aftermath of Prime Minister Narendra Modi’s famous demonetisation move resulting in its first outstanding loan of Rs 97.85 crore (as alleged fraud) and the fresh corporate loan of Rs 109.08 crore (as fresh outstanding).

The CBI on Sunday carried out searches at eight premises including residences of the directors, factory, corporate office and registered office of the company in Delhi, Hapur and Noida, said media reports quoting CBI spokesperson Abhishek Dayal.

The case comes amidst the multi-crore Punjab National Bank (PNB) fraud scam involving diamontaire Nirav Modi is making the headlines. Notably, Simbhaoli Sugars Ltd is considered as one of the largest sugar mills in the country.

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Rain and thunderstorms to bring relief to Delhi NCR from intense heatwave

Delhi and NCR are set to get a break from the scorching summer heat as the IMD forecasts thunderstorms and light rain, bringing down the mercury significantly over the weekend.

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Weather

The persistent heatwave gripping Delhi and the National Capital Region (NCR) is expected to ease down as changing weather conditions promise sudden relief. The India Meteorological Department (IMD) has forecast a drop in temperatures alongside incoming thunderstorms and rain across the northern plains.

Thunderstorms and rain predicted for Delhi NCR

According to the weather department, Delhi’s maximum temperature is expected to settle around 43 degrees Celsius, while the minimum is likely to hover near 29 degrees Celsius. The afternoon and evening hours are expected to witness light to very light rainfall, accompanied by strong winds and squalls moving at speeds of 50-60 kmph.

A more drastic change in weather conditions is anticipated on May 29, when maximum temperatures could drop sharply to around 36 degrees Celsius, with minimums decreasing to about 26 degrees Celsius. The region is likely to witness thunderstorms, lightning, rain, and squalls with wind speeds ranging between 40-50 kmph. This cooler trend is predicted to continue through May 30 and 31, keeping the maximum temperatures locked around 35-36 degrees Celsius.

Scorching temperatures persist across northern and central India

Before the arrival of these rains, severe heatwave conditions continued to scorch several parts of the country. Media reports indicate that Banda in Uttar Pradesh recorded a maximum temperature of 47.8 degrees Celsius, followed closely by Prayagraj at 46.4 degrees Celsius and Jhansi at 46 degrees Celsius. The states of Haryana, Chandigarh, and Delhi also registered daytime temperatures ranging between 45 and 46 degrees Celsius.

In Rajasthan, cities like Pilani saw temperatures touch 47 degrees Celsius, while Sri Ganganagar recorded readings 5.5 degrees above normal. Meanwhile, Maharashtra’s Vidarbha region experienced marginal relief, though temperatures remained high around 45 to 46 degrees Celsius. In Nagpur, the intense heatwave conditions led to 11 suspected heatstroke deaths within a 24-hour period.

Southwest monsoon advancement and safety advisories

On a national level, the IMD stated that environmental conditions are turning favorable for the further advance of the southwest monsoon into parts of the Arabian Sea, Lakshadweep, and the Bay of Bengal. Since India relies heavily on the monsoon for its annual rainfall, farming, and drinking water, its timely progression remains critical.

Amidst these soaring temperatures, Prime Minister Narendra Modi urged the public to take necessary precautions. In a statement shared on social media, he advised citizens to stay hydrated, carry water when stepping out, and offer assistance to those working under the sun to combat the harsh summer heat.

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Siddaramaiah not interested in taking Rajya Sabha post, say sources

Sources reveal that Karnataka Chief Minister Siddaramaiah has turned down an offer for a Rajya Sabha seat, preferring to remain active as an MLA in state politics despite leadership transition talks by the Congress high command.

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The political landscape in Karnataka is witnessing intense developments as Chief Minister Siddaramaiah has reportedly expressed his unwillingness to accept a Rajya Sabha berth or transition into a national role in New Delhi. According to sources familiar with the discussions, the veteran leader prefers to remain active within state politics and continue his tenure as an MLA rather than shifting his focus to the national capital.

High command pushes for transition

This revelation comes on the heels of marathon high-level meetings convened by the Congress leadership in Delhi to address the ongoing leadership discussions in Karnataka. Insiders state that the party central leadership has backed Deputy Chief Minister D.K. Shivakumar to take over the top post, in line with internal understandings following the 2023 assembly elections.

To facilitate a smooth leadership transition in the state, the high command offered Siddaramaiah a parliamentary seat in the upcoming Rajya Sabha elections alongside a prominent national role. However, sources indicate that the Chief Minister has rejected this proposal and requested more time to deliberate on his next steps.

Official stance downplays leadership shift

Publicly, senior party leaders have sought to quell rumors regarding an immediate change of guard. Following a lengthy deliberation at the party headquarters, General Secretary K.C. Venugopal stated to the media that the discussions were exclusively centered around selecting candidates for the upcoming Rajya Sabha and Legislative Council seats in Karnataka. He dismissed reports of an imminent chief ministerial swap as mere speculation.

Siddaramaiah also echoed this sentiment when questioned by journalists, emphatically denying that any leadership changes were debated during the official meeting. Despite these denials, political circles remain abuzz, as the Chief Minister has reportedly met with cabinet ministers and loyalists to discuss the evolving situation before returning to Bengaluru.

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West Bengal government to launch Annapurna scheme from June 1, offering monthly aid of Rs 3,000 to women

The West Bengal government has announced the Annapurna Yojana, providing Rs 3,000 monthly financial assistance to eligible women aged 25–60 starting June 1, 2026. Existing beneficiaries of the older scheme will be automatically migrated subject to verification.

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The West Bengal government has officially notified the rollout of the ‘Annapurna Yojana,’ a welfare initiative aimed at providing assured monthly financial assistance of Rs 3,000 to women across the state. Introduced by the Department of Women and Child Development and Social Welfare, the scheme is structured to foster the socio-economic upliftment of women and will officially come into effect on June 1, 2026.

Under this new initiative, financial benefits will be transferred directly into the Aadhaar-linked bank accounts of qualified beneficiaries using the Direct Benefit Transfer (DBT) system.

Strict eligibility criteria outlined

According to the official government notification, specific guidelines have been established to determine eligibility for the monthly cash assistance:

  • Target Age Group: Eligible women must be between 25 and 60 years of age.
  • Employment Status: Applicants must not hold permanent government employment or receive a regular salary or pension from the central government, state government, statutory bodies, panchayats, municipalities, local bodies, or government-aided educational institutions.
  • Tax Criteria: Women who are income tax payers are excluded from the scheme.

Automatic migration and scrutiny rules

The new order clarifies that all current beneficiaries of the erstwhile Lakshmir Bhandar Scheme will be automatically migrated to the Annapurna Yojana. However, the transition involves a rigorous filtering process. Individuals identified as deceased, shifted, deleted, or recorded as absentee electors during the SIR-2026 exercise or voter slip distribution will be systematically excluded from the beneficiary list.

On the other hand, individuals who have filed appeals before the SIR Tribunal or submitted applications under the Citizenship (Amendment) Act will continue to receive financial assistance until their applications are legally resolved by authorities.

Application process for new beneficiaries

For fresh applicants, a dedicated online portal for the Annapurna Yojana will be launched on June 1, 2026. To ensure transparency, all new applications will undergo a strict multi-tier verification process by designated local administrative officials:

  • Rural Areas: Block Development Officers (BDOs) will manage the verification and inquiries.
  • Urban Areas: Sub-Divisional Officers (SDOs) will oversee the process.
  • Kolkata: Officials of the Kolkata Municipal Corporation (KMC) will handle applications within their jurisdiction.

Following field inquiries, verified reports will be uploaded directly to the digital portal. The respective District Magistrates and the KMC Commissioner will serve as the final sanctioning authorities in their corresponding jurisdictions to approve the disbursement of funds.

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