Enforcement Directorate (ED) arrests Punjab AAP MLA Jaswant Singh for $4.8M bank scam

Information reaching Kossyderrickent has it that Enforcement Directorate (ED) have arrested Punjab AAP MLA Jaswant Singh for $4.8M bank scam.

An alleged ₹40 crore ($4,806,022) bank fraud case was filed against legislator Jaswant Singh Gajjanmajra.

ED officials confirmed that Punjab AAP MLA Jaswant Singh Gajjan Majra has been arrested in alleged bank fraud linked money laundering case.

The Enforcement Directorate on Monday detained Aam Aadmi Party (AAP) MLA from Punjab Jaswant Singh Gajjanmajra. According to media reports, the probe agency interrupted a meeting being held by the Punjab AAP MLA from Amargarh constituency on Monday and took him away to the ED’s Jalandhar office.

The legislator was taken into custody under provisions of the Prevention of Money Laundering Act (PMLA) after he was detained by agency officials from a public meeting he was holding in Malerkotla, they said.

According to PTI report citing officials familiar with the development, Gajjanmajra had skipped multiple summons issued to him in the past and hence, was detained and then arrested after questioning. In May last year, the CBI had conducted raids at premises linked to Gajjan Majra in connection with an alleged bank fraud of Rs 40 crore.

In September last year, the ED had conducted raids at several premises linked to Gajjan Majra as part of a money laundering probe linked to the alleged bank loan fraud.

The ED team had then seized Rs 32 lakh cash, some mobile phones and hard drives after its raids. (With PTI inputs)