Chandigarh financier arrested for Rs 5-crore fraud

Chandigarh, November 11

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A financier has been arrested for duping a Gurugram resident of Rs 5 crore.

In his complaint to the police, Atulya Sharma had reported that Ram Lal Chaudhary of Sector 46, the suspect, lured him into investing money during 2015 and 2016.

The complainant further stated that he arranged the money by selling his house situated in Mumbai, taking loans from banks, selling personal jewellery and using savings of his life.

He paid Rs 5 crore in installments from July 2015 to January 2016. Atulya alleged that after taking the money, Chaudhary started avoiding him.

The police said a special investigation team was constituted for a thorough probe the case and Chaudhary’s involvement in other criminal activities.

A case was registered at the Sector 31 police station today and he was arrested.

There were other complaints in which Chaudhary had taken money from persons to get them relief from the judiciary, the police stated. — TNS

Criminal past

Ram Lal Chaudhary was booked in eight cases in the past, including a murder case of a model in Chandigarh in 2014. He was also booked by the Panchkula police in an NDPS Act case in 2005. A case of cheating was registered against him at the Sohana police station, Mohali, in 2008. He was also booked for rash driving at the Mani Majra police station in 2008. A case of attempt to murder was registered against him in 2000 at the Sector 39 police station. He also had a theft case registered against him in Delhi this year.

Was accused in 2002 rape-on-wheels case

Ram Lal Chaudhary was one of the accused in the rape-on-wheels case registered under Sections 328, 376, 389, 115, 117 and 120-B of the IPC at the Sector 34 police station in 2002. The case involved former UT Home Secretary NK Jain too. Ram Lal and all other accused were acquitted in the case.