CBI questions Simbhaoli Sugars Ltd MD in bank fraud case


The CBI questioned Managing Director of Simbhaoli Sugars Limited Gursimran Kaur Mann in connection with the alleged bank fraud of Rs 97.85 crore, officials said.

The agency had called Mann, who was the Executive Director during the period when the alleged fraud was committed, to its headquarters here today where she was grilled on various aspects of the bank loan and alleged default causing a loss of Rs 110 crore to Oriental Bank of Commerce, they said.

The CBI had registered a case against the sugar mill, its chairman Gurmit Singh Mann, the then (in 2015) Deputy Managing Director Gurpal Singh (now director) and others in connection with the alleged bank loan fraud case.

Simbhaoli Sugars Limited is one of the largest sugar mills in the country. The then CFO Sanjay Tapriya, Gursimran Kaur Mann and five non-executive directors were also booked by the agency.