Gulzar Group owners held in Rs 25-cr cheating case

Owners of Punjab’s famous Gulzar Group of Institutes defrauded an education group in Kolkata of Rs 25 crore. The Kolkata police conducted a raid in Ludhiana in connection with the case on Saturday night and arrested the two brothers.

They were taken to Police Division Number 5 at night.

They have been identified as Gurkirat Singh and Harkirat Singh. While their father Gurcharan Singh is still absconding in the case.

Sources said the Gulzar Group had committed a fraud with JIS Education Group of Kolkata. A deal was made between them about three years ago and Rs 25 crore was taken by the Gulzar Group. As the latter was not returning the money, the disputing parties had reached a settlement. Under the agreement, the owners of Gulzar Group had to return all payments by March 3, 2024. While interest was also to be paid on the payment. But the suspects failed to make the payment. Afterwards, the aggrieved party adopted the legal route and got registered a case against them in Kolkata.

On Saturday night, the Kolkata police, with the help of the local police, conducted a raid and nabbed the brothers.

A police official said both suspects were kept at the Police Division Number 5 for the whole night. On Sunday, they were produced in a court. After taking their transit remand, they were taken to Kolkata.