SAD alleges Punjab govt plans ₹350 crore arranger fee for ₹25,000 crore loans
Synopsis
Key Takeaways
Shiromani Akali Dal (SAD) leader Daljit Singh Cheema on Sunday, 23 August alleged that the Bhagwant Mann-led Aam Aadmi Party (AAP) government in Punjab was planning to pay a ₹350 crore 'arranger fee' to raise loans worth ₹25,000 crore through two state bodies — the Greater Mohali Area Development Authority (GMADA) and Punjab State Power Corporation Limited (PSPCL). Cheema described the fee as a 'direct loot of the state exchequer.'
What the Allegation Claims
Speaking to the media at Anandpur Sahib, the former Education Minister alleged that the 'arranger fee' was not a legitimate transaction but a mechanism to allegedly divert public funds for the Aam Aadmi Party's expansion activities in other states. He claimed that no state government in India had previously been known to pay such a fee for raising loans.
Cheema expressed surprise that the Punjab government felt the need to engage an intermediary to present its case before banks, particularly given the presence of senior officers including Chief Secretary K.A.P. Sinha. 'Despite Punjab having highly capable officers, the government chose to pay ₹350 crore for a task its own bureaucracy can perform,' he said.
Punjab's Debt Burden Under Scrutiny
The SAD leader alleged that the AAP government had pushed Punjab's total debt burden to approximately ₹4.5 lakh crore, adding that every Punjabi now carries an individual debt burden of around ₹1.5 lakh. These figures, attributed to Cheema, could not be independently verified at the time of reporting.
This comes amid broader opposition scrutiny of Punjab's fiscal management under the AAP administration, which came to power in early 2022 on a platform of financial reform and anti-corruption governance.
Congress and 1984 Riot Cases
Cheema also used the press conference to target the Indian National Congress over the projected rehabilitation of Sajjan Kumar, a Congress leader linked to the 1984 Sikh riot cases. He called the episode a 'drama,' noting a contradiction between the party's national leadership projecting Kumar as a hero and local Punjab Congress leaders opposing the move.
He demanded that Congress leaders take a clear public stand against Jagdish Tytler and Kamal Nath as well, and called on the party high command to expel all leaders implicated in the 1984 cases. He alleged that Congress leaders were making different statements in Punjab and Haryana ahead of elections, while the national leadership remained silent.
Allegations Against Chief Minister's Family
Cheema also raised what he described as a serious matter allegedly involving the family of Chief Minister Bhagwant Mann. He alleged that a petition filed in court contained accusations that ₹5 crore had been demanded by members and relatives of Mann's family to settle a rape case. He stated that both the High Court and the National Human Rights Commission (NHRC) had sought a response from the state government on the matter. NationPress could not independently verify these allegations.
Recruitment Irregularities Alleged
On the issue of government recruitment, Cheema alleged that none of the state government's hiring processes was being completed in a transparent or proper manner. He cited repeated complaints of scams, paper leaks, and cheating, noting that courts had imposed stays in several cases. He further alleged that candidates from outside Punjab were being given state government jobs through improper means.
The AAP government in Punjab had not issued a formal response to these allegations at the time of publication. With Punjab politics heating up ahead of the next electoral cycle, opposition pressure on the Mann administration is expected to intensify.