Bhagwant Mann Exposes multi-crore scam by the Punjab government in paddy procurement

:dateline:In a press note shared with Sikh24, the senior AAP leader and Member of Parliament from Sangrur, Bhagwant Mann, claimed that the Reserve Bank of India (RBI) denied sanctioning a Cash Credit Limit (CCL) to the Punjab government for the procurement of paddy. He said that the denial of the Cash Credit Limit by the RBI to the Punjab�government proves the prior allegations levelled by the AAP of a multi-crore scam by the Punjab government.

A police officer stands guard in front of the Reserve Bank of India (RBI) head office in Mumbai April 17, 2012. The Reserve Bank of India cut interest rates on Tuesday for the first time in three years by an unexpectedly sharp 50 basis points to give a boost to flagging economic growth but warned that there is limited scope for further rate cuts. REUTERS/Vivek Prakash (INDIA - Tags: BUSINESS)
A police officer stands guard in front of the Reserve Bank of India (RBI) head office in Mumbai April 17, 2012. The Reserve Bank of India cut interest rates on Tuesday for the first time in three years by an unexpectedly sharp 50 basis points to give a boost to flagging economic growth but warned that there is limited scope for further rate cuts. REUTERS/Vivek Prakash (INDIA – Tags: BUSINESS)

MP Bhagwant Mann said that the Indian Prime Minister Narendra Modi also denied intervening in the matter to provide clearance of the CCL to the Punjab government.

Claiming of an about 20000 crore scam by the Punjab government, MP Bhagwant Mann said that during the 2015-16 fiscal year, a defalcation of Rs. 925 crore had come in fore and the Punjab government toughly arranged to get a clearance of Cash Credit Limit from the Reserve Bank of India. Mann added that if in a single procurement Akali Dal led Punjab government could embezzle Rs. 1000 crore then obviously it has scammed about Rs. 20000 crore while procuring 18 crops during its 9 years long regime.

Mann said that the Punjab government needs Rs. 25000 crore for the procurement of paddy and if the RBI doesn�t clear the Cash Credit Limit, then the state is going to face an acute financial crisis.

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