Tribune News Service
Amritsar, April 25
The bank manager, Simranjit Singh, who was arrested by the city police in connection with the alleged fraud of Rs 1.5 crore, was sent to judicial custody on Sunday.
The police produced the suspect before the duty magistrate seeking the extension of remand by three days. However, after hearing the arguments, the duty magistrate sent him to judicial custody.
Assistant Commissioner of Police (financial crimes) Sushil Kumar claimed that Simranjit Singh had confessed the crime during interrogation. He told the police that Gurmit Singh, who was arrested earlier, was the kingpin who used to swindle the banks by taking huge loans on the basis of fake documents.
Simranjit Singh was branch manager of Bank of India. His name had figured during the interrogation of Gurmeet Singh and Jagdeep Singh who was a former sarpanch. As per the police officials Simranjit used to pass the loans after taking his commission. The police had registered around four FIRs where the accused defrauded the banks by taking huge loans on fake documents.
The ACP said that Gurmeet Singh alleged to have got passed hundreds of loans from different banks. “We are scrutinising the each loan passed by him to see whether these were passed on genuine documents. It was also found that he managed to get the loan passed of cops who were not even eligible for the same,” he said while adding the fraud amount could increase further.
Among others who were booked in the fraud included Kuldeep Singh of Sansara Kalan village and Dr Kulwant Singh of Delhi. Raids were on to nab them.
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