Former CLP leader Sunil Jakhar Wednesday cancelled his participation in the protest held against chit fund firm Pearls Group that is accused of duping its investors of Rs 45,000 crore.
The families of a large number of duped investors from across Punjab had taken out a protest march in Ludhiana Wednesday.
Suspended AAP MP Dharamvir Gandhi and senior AAP leader HS Phoolka were present during the protest. Both accused the Congress and the Shiromani Akali Dal (SAD) of “shielding” Pearls Group chief Nirmal Singh Bhangoo.
“How can Congress or SAD protest against this company that flourished under their regimes? They have no interest in getting justice for these families. They are only interested in covering up their loopholes as such a big scam was impossible without the backing of the government,” said Gandhi.
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He added, “I will be raising this matter in Parliament. The Punjab government will be forced to refund the lost money of innocent investors.”
Meanwhile, senior advocate Phoolka also assured legal aid to the duped investors. “It is understandable why Congress and SAD are not coming out against Pearls Group. It is because of the failure of their respective governments that the scam happened,” he said.
Almost 30 lakh investors from Punjab had invested their money in Pearls Group , which allegedly collected funds from people in the garb of sale of land and forests and diverted funds to Australia. A CBI investigation found the firm guilty of duping investors of Rs 45,000 crore.
Apparently close to both Captain Amarinder Singh and Deputy CM Sukhbir Singh Badal, Pearls Group flourished under both their regimes. The group was also the “title sponsor” of Suhkbir’s invention, Kabaddi World Cup, from 2011-13 and this money had also come under the CBI scanner.
Speaking to The Indian Express, former CLP leader Jakhar claimed “he cancelled his plan due to other commitments.”
About Bhangoo’s proximity to Captain, he said, “Bhangoo might be knowing Captain like he knows other politicians.”