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Family of 3 booked for fraud

Press Trust of India  |  Phagwara (Pb) 

police today booked a family of three and another person for alleged in Ahluwalia locality here.

The family of three got Rs 25 lakh loan from the local branch of Central by showing their returns which later turned out to be fake. The trio also did not return the loan, they said.


A case has been registered against the trio under sections 420 (cheating and dishonestly inducing delivery of property), 465 (punishment for forgery), 467 (forgery of valuable security, will), 468 (forgery for purpose of cheating), 471 (using as genuine a forged document) based on the complaint of branch manager R K Gupta, police said.

Likewise, another person got Rs 9 lakh loan from the same branch by presenting fake IT returns, and was booked under aforesaid sections, they said.

No arrests have been made so far, police added.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Sat, April 15 2017. 20:57 IST
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