1. Punjab Minister Rana Gurjit Singh, wife took loans from companies that funded mine auction

Punjab Minister Rana Gurjit Singh, wife took loans from companies that funded mine auction

Punjab Irrigation and Power Minister Rana Gurjit Singh and his wife Rana Rajbans Kaur have allegedly taken loans from three companies. These three companies had paid a firm and that firm subsequently gave 50 per cent of the bid amount for two sand mines allotted to two former employees of the Singh.

By: | New Delhi | Updated: October 13, 2017 7:47 AM
rana gurjit singh, Rana Gurjit Singh loan, Punjab minister loan, punjab mine auction, Punjab Irrigation and Power Minister Punjab Irrigation and Power Minister Rana Gurjit Singh and his wife Rana Rajbans Kaur have allegedly taken loans from three companies. These three companies had paid a firm and that firm subsequently gave 50 per cent of the bid amount for two sand mines allotted to two former employees of the Singh. (PTI)

Punjab Irrigation and Power Minister Rana Gurjit Singh and his wife Rana Rajbans Kaur have allegedly taken loans from three companies. These three companies had paid a firm and that firm subsequently gave 50 per cent of the bid amount for two sand mines allotted to two former employees of the Singh, according to Indian Express report. The three companies are RGS Traders Pvt Ltd, RJ Texfab Pvt Ltd and Jay Aar Builders Pvt Ltd, the report says.

Notably, RGS Traders Pvt Ltd has given the same office address as Rana Group of Companies, which is being run by the family of the accused Minister, in Sector 8 Chandigarh. Aoart from this, RGS Traders Pvt Ltd has mentioned the email ID of the Rana Group as its own email ID, IE reported.

As per Rana Gurjit’s affidavit submitted before Election Commission prior to the Punjab Assembly elections earlier this year, he has taken a loan of Rs 407 lakh from RGS Traders Pvt Ltd, Rs 546 lakh from RJ Texfab Ltd and Rs 464 lakh from Jay Aar Builders Pvt Ltd. His wife has taken a loan of Rs 68.32 lakh from RGS Traders, Rs 71.50 lakh from RJ Tex Fab and Rs 85.50 lakh from Jay Aar Builders. These three companies, in turn, paid cash into the account of Rajbir Enterprises which was a sole proprietorship firm of one Sanjit Randhawa who deposited approximately Rs 18 crore on behalf of the two former employees of the minister, Amit Bahadur and Kulvinder Paul Singh, as 50 per cent of the bid amount for two sand mines, the IE report says.

Earlier, on June 3, Punjab Chief Minister Amarinder Singh had met Congress Vice President Rahul Gandhi and discussed expansion of his cabinet and allegations of benami transactions against state minister Rana Gurjit Singh. Amarinder Singh had informed the Congress vice president about the judicial inquiry initiated into allegations that Rana Gurjit Singh had acquired sand mines through his company’s employees during auctions held recently, PTI had reported.

Calculate your income tax post budget 2018 through this Income Tax Calculator, get latest news on Budget 2018 and Auto Expo 2018. Like us on Facebook and follow us on Twitter.

  1. No Comments.

Go to Top