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Now, Opposition guns for Punjab Industries Minister Sunder Sham Arora

Now, Opposition guns for Punjab Industries Minister Sunder Sham Arora
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Book Punjab minister Arora in liquidation scam, says SAD | Chandigarh News

Punjab industries minister Sham Sundar Arora
Chandigarh: The Shiromani Akali Dal (SAD) has demanded a criminal case against Punjab industries minister Sunder Sham Arora for allegedly causing a loss of Rs 400 crore to the state exchequer by presiding over the sale of 31 acre prime land of the liquidated JCT Electronics in Mohali to a private real estate developer. SAD leader Bikram Singh Majithia said only a CBI inquiry or an inquiry monitored by the high court could uncover the alleged scandal. He added that besides the minister, senior officers who had committed criminal negligence should also be proceeded against immediately. ....

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Liquidated firm's land auction sparks row : The Tribune India

Chandigarh, December 24
The auction of 31 acres of prime land of liquidated JCT Electronics in Mohali for Rs 90.56 crore to a private realtor has triggered a controversy.
The role of Punjab Small Industries and Export Corporation (PSIEC) Limited has come under scanner for not staking Rs 161-crore claim as the unearned profit to be paid on the sale of property. It instead agreed to claim Rs 45.28 crore as 50 per cent of the sale value.
State interests protected: Minister
Industries Minister Sunder Sham Arora said the PSIEC Board of Directors and the Department of Industries and Commerce approved the proposal on merit in accordance with the terms and conditions of the contract between Punjab Infotech, PSIEC and JCT Electronics. Financial interests of the state and government undertakings were duly protected, he claimed. ....

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