Firm owner dupes banker’s son of Rs3 cr

Tribune News Service

Ludhiana, September 19

The owner of a firm has allegedly duped a man and his father, a banker, of Rs 3 crore on the pretext of starting an export business for him.

Raghav Singla, son of the banker, has complained to the police that Sunil Kumar, owner of KK International, has an account in a bank where his father works. He told his father that he would get an export business started for his son. His father took a loan and the firm owner got him a vacant hall adjoining his firm on rent.

Sunil ordered cloth worth Rs 3 crore from their bank account on the pretext of starting an export business. But the cloth consignment was delivered at his own firm. The complainant apprised his father of the fraud. When Sunil was questioned, he offered the banker to return the money with interest and handed him a cheque for around Rs 3.86 crore. However, the cheque bounced.

Raghav said when they told the firm owner to return their money, he started threatening them, saying that he had links in the Police Department.

The Jodhewal police have registered a case against Sunil under Section 420 (cheating) of the IPC.