Key Points
The Enforcement Directorate had arrested Jaswant Singh Gajjanmajra on June 11 last year under the special Prevention of Money Laundering Act..
The Enforcement Directorate (ED) has filed a prosecution complaint against jailed Aam Aadmi Party (AAP) MLA from Punjab Jaswant Singh Gajjanmajra and six others in connection with a bank fraud case of 40.92 crore, the agency said on Wednesday.o)..
The agencys Jalandhar zonal office filed the prosecution complaint (PC) against Jaswant, a former director of Tara Corporation Limited and Tara Health Food Limited, and six other accused, including three companies, in the case of Tara Corporation Limited and others on January 5 before a special Prevention of Money Laundering (PMLA) Act court in Mohali..
The ED initiated investigation on the basis of the first information report (FIR) registered by the Central Bureau of Investigation (CBI) against Jaswant Singh, Tara Corporation Limited and others. ..
ED investigation revealed that the loan amount of 40.92 crore availed by Tara Corporation Limited through criminal conspiracy and cheating had been diverted to bogus firms from Tara Corporation Limited and thereafter integrated into Tara Health Food Limited (THFL) and Tara Sales Limited, the ED statement said..
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