Jaswant Singh Gajjan Majra Arrested by ED in Over 75 Cr Bank Fraud Case

News: In connection with a bank fraud case, the Enforcement Directorate (ED) recently arrested Punjab MLA Jaswant Singh Gajjan, a development that has piqued public interest and curiosity. This article will explore MLA Jaswant Singh Gajjan’s background and delve into the specifics of his arrest, which has garnered significant attention in the news. Continue reading to stay updated on this evolving situation.

Jaswant Singh Gajjan Majra’s Arrest:

After being detained by the Enforcement Directorate (ED), Jaswant Singh Gajjan, an MLA representing the Aam Aadmi Party, underwent a medical examination at a civil hospital in Jalandhar, Punjab. The arrest occurred while he was attending a meeting in the Amargarh constituency, where the investigative agency intervened and apprehended him. Gajjanmajra has been accused of being linked to a ₹40 crore bank fraud case, resulting in his arrest under the Prevention of Money Laundering Act (PMLA).

Previous Summonses and Raids:

Gajjanmajra’s arrest came after he allegedly disregarded numerous summonses from authorities, leading to his apprehension following an interrogation. In May of the previous year, the Central Bureau of Investigation (CBI) had conducted raids at locations associated with him, revealing evidence of a ₹40 crore bank fraud. As a result, the Enforcement Directorate (ED) initiated a money laundering probe into the alleged bank loan scam and conducted raids at various locations linked to Gajjanmajra in September of the same year. During these raids, the ED team confiscated hard drives, mobile phones, and ₹32 lakh in cash.

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The Alleged Fraud and FIR:

Initially, the Bank of India in Ludhiana reported the fraud case involving Gajjanmajra, Tara Corporation Ltd. (later renamed Malaudh Agro Ltd.), and unidentified individuals. In response to the complaint, the Central Bureau of Investigation (CBI) filed a First Information Report (FIR). Interestingly, Gajjanmajra had declared no liabilities and claimed assets worth more than ₹19 crore in his poll affidavit. Apart from his investments in agriculture, the MLA is known for his involvement in various business sectors, including real estate, education, hospitality, seeds, and feed industries.

The arrest of MLA Jaswant Singh Gajjan in connection with the bank fraud case has captured the public’s significant attention and interest. As the investigation unfolds, it is crucial to stay updated on the developments in this case. The Enforcement Directorate (ED), in collaboration with other law enforcement agencies, is diligently working to ensure justice and unveil the truth behind the alleged fraudulent activities. We will continue to provide our readers with the latest information as this ongoing investigation progresses.

FAQs

Q: What is Jaswant Singh Gajjan Majra’s political affiliation?

A: Jaswant Singh Gajjan Majra is an MLA for the Aam Aadmi Party.

Q: What is the amount involved in the bank fraud case?

A: The bank fraud case allegedly involves ₹40 crore.

Q: What is the role of the Enforcement Directorate (ED) in this case?

A: The ED has arrested Jaswant Singh Gajjan and is conducting a money laundering investigation into the alleged bank loan scam.