Absconding Builder Sunny Garg Makes Startling Claims in Panchkula Fraud Case
In a dramatic development in the ongoing Rs 147-crore fixed deposit fraud investigation, absconding builder Sunny Garg has come forward with explosive allegations. Garg, a key accused in the case, has claimed that he received an unsecured loan of approximately Rs 70 crore at high interest rates from Pushpender Chaudhary, the then deputy vice-president of Kotak Mahindra Bank. Furthermore, Garg has alleged that he is facing threats to his life from Chaudhary, adding a serious dimension to the financial scandal.
Email Submission to Judicial Magistrate Details Financial Transactions
Garg made these claims in an email submission to the chief judicial magistrate, as part of the probe being conducted by the Haryana Vigilance and Anti-Corruption Bureau (ACB). The investigation focuses on alleged financial irregularities involving the Panchkula municipal corporation and Kotak Mahindra Bank. In his detailed submission, Garg elaborated that the Rs 70-crore loan was routed through bank accounts linked to two other suspects: Swati Tomar and Rajat Dahra. This revelation suggests a complex web of financial dealings at the heart of the fraud.
Repayment and Connections to Political Figures
The builder, who is reportedly related to a senior BJP leader in Panchkula, further asserted that he has repaid a substantial portion of the loan amount. According to Garg, the repayment was made through a combination of bank transfers and cash transactions, indicating possible attempts to obscure the money trail. His connection to a political figure adds a layer of intrigue to the case, potentially implicating higher-level influences in the alleged fraud.
Income Tax Department Statement and Legal Actions
Garg also referenced a statement recorded by the Income Tax Department on January 28 during a search at his residence. In that statement, he disclosed details of the financial dealings linked to this case, providing corroborative evidence for his claims. Meanwhile, the ACB has escalated its efforts by issuing a look-out circular (LOC) against Garg following the registration of an FIR. Considered a crucial link in the alleged fraud, Garg remains absconding and is believed to be currently abroad, complicating the investigation.
The case continues to unfold as authorities piece together the financial irregularities, with Garg's allegations shedding new light on the potential involvement of bank officials and the risks faced by those entangled in the scandal.
