Indian Express reports that an alleged ₹40 crore bank fraud case filed against legislator Jaswant Singh Gajjanmajra. However, it is not clear yet if the legislator have been arrested. Media reports suggest that he has been taken in for interrogation.

In May last year, the CBI had conducted raids at premises linked to Gajjanmajra in connection with an alleged bank fraud of ₹40 crore.

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

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The ED team had then seized ₹32 lakh cash, some mobile phones and hard drives after its raids.

The CBI had registered an FIR on a complaint from Bank of India, Ludhiana, against Gajjanmajra, Tara Corporation Ltd (renamed as Malaudh Agro Ltd) (based at Gaunspura in Malerkotla district) and others over the alleged fraud.

In his poll affidavit, Gajjan Majra had declared assets worth over ₹19 crore and zero liabilities. The MLA is a renowned businessman of the area in the real estate, education, hospitality, seeds and feed industries among others apart from being invested in agriculture, the Indian Express report states.

AAP’s Punjab spokesperson Malvinder Singh Kang said, “The way he has been picked up from a public meeting by the ED shows the BJP’s politics of defaming the party.”