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HindustanTimes Thu,18 Sep 2014

Two held for Rs. 300-cr fraud, sent to 2-day police remand

HT Correspondent, Hindustan Times  Chandigarh , July 19, 2013
First Published: 00:48 IST(19/7/2013) | Last Updated: 00:49 IST(19/7/2013)

Judicial magistrate Parvesh Singla on Thursday sent vice-chairperson Gurbir Kaur Shergill and secretary Sukhbir Singh Shergill of SAS Institute of Information Technology, SAS Nagar, to two-day police remand in connection with a Rs. 300-crore fraud case registered against them last year.

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The two were arrested by the economic offences wing (EOW) of the UT police from Bathinda on Wednesday, which had registered a case of forgery of valuable securities, criminal breach of trust and misappropriation of company funds worth Rs. 300 crore in April last year.

Taking cognisance of the complaint of Deepinder Singh Dhaliwal, attorney of Delhi-based Raman Uppal, alleging failure of the police to arrest the accused even four months after registration of FIR last year, the local court in August had issued warrants against Sukhbir Singh Shergill, his wife Gurbir Singh Shergill along with their partners Jatinder Singh Dua, his son Sagar Singh Dua and Itinder Jeet Singh, owners of the city-based chain of restaurants.

The police had registered an FIR against 13 persons for cheating and fraud on April 19, 2012, in the Sector-3 police station.

In his complaint, Dhaliwal said in 2000-2001, Uppal wanted to buy land for expanding business. He met Sukhbir and his business partner Jatinder Singh Dua purchased a plot in Phase 7 of SAS Nagar.

Dhaliwal said Uppal wanted to purchase another building in Phase 8 of the Industrial Area, SAS Nagar, where they started a new company under the name of Customer Related Management Services, which was run by in partnership by Uppal and Jatinder.

Dhaliwal had accused Sukhbir, Gurbir, Jatinder, Sagar and Itinder of misusing funds. He alleged that the funds meant for their company were misused by the accused who had bought a number of properties with misappropriated funds. All the properties were bought by accused Jatinder and Sukhbir in the name of their family.

The market value of the properties is over Rs. 300 crore. The complainant was unaware of the entire scam as he was based in Delhi. The accused prepared false documents, including balance sheets and profit and loss accounts of the company floated under the name of Customer Related Management Services.

Accused a CBI complainant too
Sukhbir Singh Shergill had got a UT police personnel arrested for accepting Rs. 5 lakh as bribe last year. Sub-Inspector (SI) Naveen Sharma, posted with the economic offences wing of the UT police, along with conduit SN Aneja, were arrested for accepting the bribe from Sukhbir on September 6, 2012, to benefit him in getting bail for his wife in the same case. The court had already framed charges against the SI and the conduit.


 

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