Chandigarh

BEST TRADING COMPANY ZIRAKPUR OWNER PINJORE RESIDENT NOT RETURNED LOAN OF RS. 82 LACS TO PNB, ARRESTED AFTER FOUR YEARS

September 13, 2021 07:22 PM

Chandigarh (Face2News)

Local Police reported to have arrested accused accused Harvinder Singh (53) S/o Sh. Niranjan Singh R/o 1570-A, B-1, Abdullapur, Pinjore on charge of cheating with the Punjab National Bank Burail and solved case FIR No. 298 dated 18.07.2017 u/S 406, 420 IPC, PS-34, Chandigarh

The said case was registered on the complaint of Sh. Sunil Malhotra Manager, PNB village Burail against Harvinder Singh alleging that PNB sanctioned cash credit & book debts facility of Rs. 65.00 lakhs, which was enhanced to 75 lakhs to M/s Best trading company proprietorship of Harvinder Singh engaged in the business of trading in papers on 14.06.2013 at M.S Enclave Dhakholi Zirakpur, Mohali.

All the necessary documents were executed on 14.06.2013 at PNB Burail Sector 45 Chandigarh. The repayment of loan was secured by the personal guarantee of Sh. Harvinder Singh whereas, the loan was also collaterally secured by registered mortgage of immoveable property, owned by Sh. Harvinder Singh, which is situated in Ashok Nagar near Friends colony, Ludhiana Punjab in favour of bank, But after obtaining the loan from the bank, alleged Harvinder Singh did not returned the same and the account was declared NPA on 28.07.2015 for the amount of Rs. 82 lacs approx.

All the necessary documents were executed on 14.06.2013 at PNB Burail Sector 45 Chandigarh. The repayment of loan was secured by the personal guarantee of Sh. Harvinder Singh whereas, the loan was also collaterally secured by registered mortgage of immoveable property, owned by Sh. Harvinder Singh, which is situated in Ashok Nagar near Friends colony, Ludhiana Punjab in favour of bank, But after obtaining the loan from the bank, alleged Harvinder Singh did not returned the same and the account was declared NPA on 28.07.2015 for the amount of Rs. 82 lacs approx.

Accused person took bank loan by depositing forged documents with bank and defraud with bank after getting loan amount.

During the course of investigation, accused Harvinder Singh arrested today with sincere efforts made by the constituted team.

As accused was evading his arrest since long. Information about the whereabouts of the accused was developed and on receipt of concrete information, one dedicated police team was constituted and were duly briefed for the raids to apprehend the above said accused.

 
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