The local police have booked three persons, including a couple, on the charges of cheating and embezzling Rs 65.62 lakh on Friday. The accused have been identified as Harbhajan Singh, his wife Harpreet Kaur and Hakam Singh.
Harbhajan was employed as a salesman in a local food company. The trio started fake firms on duplicate firms and took food material on credit.
The matter came to light when complainant Balwant Singh, a resident of Patiala, did not get his money back despite repeated requests.
"The three accused are at large and attempts are on to nab them," the police said.