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CBI issues lookout notice against Punjab CM’s son-in-law

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New Delhi, March 28 (IANS) The CBI has issued lookout notice against Punjab Chief Minister Amarinder Singh’s son-in-law Gurpal Singh in connection with the alleged bank fraud case of Rs 109.08 crore by Simbhaoli Sugars Ltd, an official said on Wednesday.

The agency also issued the circular against three other top former executives of Simbhaoli Sugars Ltd — CEO G.S.C. Rao, Chief Financial Officer Sanjay Thapar and Executive Director Gursimran Kaur Mann.

Simbhaoli Sugars, one of the largest sugar mills in the country, and its executives are being probed for cheating Oriental Bank of Commerce (OBC) in 2011 by availing credit facilities on the pretext of financing sugarcane farmers.

The Central Bureau of Investigation (CBI) on March 1 questioned Gurpal Singh in connection with the case.

The agency had registered a case against the sugar mill, its Chairman Gurmit Singh Mann, the then (in 2015) Deputy Managing Director Gurpal Singh (now director) and others in connection with the alleged bank loan fraud.

Rao, Tapriya, Gursimran Kaur Mann and five non-executive directors were also booked by the agency.

The CBI had 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.

The probe focuses on two loans — Rs 97.85 crore which was declared fraudulent in 2015 and another corporate loan of Rs 110 crore which was used to repay the previous loan.

The bank was allegedly cheated to the tune of Rs 97.85 crore, but the loss incurred by the bank was Rs 109.08 crore, the FIR read.

The OBC complained to the CBI on November 17, 2017, but the agency registered a case of criminal conspiracy and cheating under the Prevention of Corruption Act on February 22.

According to the FIR, the OBC sanctioned a loan of Rs 148.60 crore to the company in 2011.

The loan was sanctioned for financing 5,762 sugarcane farmers based on a tie-up agreement under an Reserve Bank of India scheme for supplying sugar produce to the company from January 25, 2012 to March 13, 2012, but the money was “dishonestly and fraudulently diverted by the company for its own needs”, the CBI alleged.

The account turned NPA on March 31, 2015 and was declared alleged fraud by the bank to RBI on May 13, 2015 for an amount of Rs 97.85 crore.

The OBC alleged that in addition to the existing NPA, the bank, under multiple banking arrangements, sanctioned another corporate loan of Rs 110 crore to the company on January 28, 2015 to pay its outstanding loan of Rs 97.85 crore.

The bank adjusted the total liability of Rs 112.94 crore towards the company through deposit of the new corporate loan.

“The corporate loan, too, turned NPA on November 29, 2016,” the CBI said.

–IANS
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Foodman Vishal Singh Honored for Hunger Free World Mission in Bangkok

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Lucknow: Vishal Singh, a renowned social worker from Lucknow, also known as Foodman, has once again made India proud. He was honored by the Happy Hands Gloves Cooperative Limited Company in Korathai, Thailand, for his work with the Hunger Free World Mission.

The Hunger Free World Mission’s meeting was held in Korathai, Thailand, under Vishal Singh’s leadership. Representatives from several countries, including Mr. Raja Dwivedi (Managing Director of Happy Hands Gloves Limited), Thailand Coordinator Mr. Raja Mishra, and member Mr. Varun Singh, attended the event.

Under Vishal Singh’s leadership, the attendees took a pledge to work together toward creating a hunger-free world.

Speaking on the occasion, Vishal Singh explained that the main goal of the Hunger Free World Mission is social participation. He said the mission is not just about feeding people but also about meeting other basic needs of those who are struggling. The mission focuses on helping families of terminally ill patients in hospitals by providing food and shelter. It also works to fulfill essential needs like education, jobs, and care for the elderly.

For the last 16 years, the Vijay Sri Foundation has been providing free services, benefiting thousands of people. Vishal Singh highlighted that the mission aims to gain global recognition like other organizations such as WHO, WWF, and Red Cross, which work for social causes.

During this meeting, Vishal Singh was appointed as the Chairman of the Hunger Free World Mission by representatives from various countries. They also discussed holding regular meetings in different countries to push the mission forward.

Business tycoon Dr. Abhishek Verma has also supported this humanitarian mission, vowing to promote the idea of “Seva Parmo Dharma” (Service is the highest duty) worldwide. Vishal Singh praised him, stating that people like Dr .Abhishek Verma inspire others to work for the betterment of society.

Recently, Romania’s Ambassador, Mr . Daniela Sezonov Ţane, invited Vishal Singh to the Romanian Embassy in Delhi, where they discussed the mission in detail. Impressed by his humanitarian work, she honored Vishal Singh and invited him to Romania to take the mission forward .

Food man Vishal Singh has been serving the people of India for the past 16 years. Through the Vijay Sri Foundation, he provides free meals to cancer patients & their families ,shelter, and education for women & children along with running free old-age homes in Lucknow.

In addition to his humanitarian work, Vishal Singh also addresses issues like crime and corruption through his role as Chairman of Seva Path Media and Managing Director of Vijay Sri Foundation.

During the COVID-19 pandemic, Vishal Singh and his team worked tirelessly to provide food and help to the needy, including starving children, elderly citizens, and pregnant women. Despite contracting the virus himself, he continued to assist others after his recovery. He even created a life-saving oxygen regulator using household items, which was praised by doctors both in India and abroad.

In his address at the meeting, Vishal Singh spoke about his mission to create a hunger-free world. He pointed out that India’s large population, along with issues like unemployment and poverty, has caused the country to fall on the Hunger Index. He urged people to contribute just one handful of grains daily to help create a hunger-free world.

He concluded by saying that through social participation, we can empower the people around us, meet their basic needs, and work together to build a stronger, more prosperous, and developed society.

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