New Delhi [India], Mar 01 (ANI): The Central Bureau of Investigation (CBI) on Thursday questioned Punjab Chief Minister Captain Amarinder Singh's son-in-law, Gurpal Singh in connection with the Rs 109 crore fraud towards Oriental Bank of Commerce (OBC).
The CBI registered the case on the complaint filed by the OBC against the company's chief managing director (CMD), chief executive Officer (CEO), chief financial Officer (CFO), other directors, unknown bank officials and other private persons
The bank alleged that the accused took a loan of Rs.148.60 crore in 2011, and another corporate loan of Rs 110 crore in January 2015, to repay the previous loan.
Out of the previously taken loan, Rs. 97.85 crore turned a non-performing asset (NPA) in March 2015 and later declared a fraud.
The corporate loan also turned NPA in November 2016. (ANI)