Chandigarh -The Punjab Vigilance Bureau (VB) on Saturday arrested Jarnail Singh Wahad, Managing Director Wahad-Sandhar Sugar Mills Limited Phagwara, his spouse Rupinder Kaur Wahad, Director and his son Sandeep Singh Wahad, Director Wahad Sandhar Sugar Mill Limited Phagwara and Director Sugar Mill Plaza Private Limited, Phagwara, District Kapurthala after discovering them responsible for misappropriating authorities land of sugar mill Phagwara and inflicting monetary loss to the state authorities.
[4:48 pm, 30/09/2023] Dpr Harjit Grewal: Wahid Sandhar Sugar Mills Deceives Over 600 Farmers, Accumulates Rs 40 Crores in Unpaid Dues
Chandigarh, September 30: The Vigilance Bureau of Punjab, in the middle of its investigations, has uncovered a distressing scenario relating to the Golden Sandhar Sugar Mill in Phagwara, Kapurthala district. The mill, beforehand often called Wahid Sandhar Sugar Mills, has didn’t settle excellent funds to cane farmers for the previous 4 years, accumulating a staggering debt of roughly Rs 40 Crores 71 Lakhs 68 Thousand.
Disclosing this right here right this moment a spokesperson of the state Vigilance Bureau stated this subject has come to gentle simply because the upcoming cane crop crushing season is about to start within the first week of November. Despite repeated calls for from hardworking cane farmers, Golden Sandhar Sugar Mill, beneath its earlier administration by Wahid Sandhar Sugar Mills, has continued to neglect its monetary obligations.
Moreover, a regarding improvement is that farmers at the moment are receiving authorized notices from IDBI Bank Phagwara, urging them to repay KCC (Kisan Credit Card) loans totaling Rs 3, 00, 000 every to the financial institution. What baffles the farmers is that they haven’t any recollection of searching for loans or using mortgage funds from the financial institution.
In essence, this dire scenario has led to cane farmers struggling substantial losses, with their produce’s (cane) worth amounting to an unpaid sum of Rs 40 Crores 71 Lakhs 68 Thousand. Simultaneously, roughly 600 farmers discover themselves ensnared in KCC mortgage liabilities, with every farmer being held responsible for Rs 3, 00, 000, apparently beneath the mill’s guarantorship.
The Punjab Vigilance Bureau continues to observe the scenario intently, with the hope of reaching a decision that serves the most effective pursuits of the farmers, he added.