The city police on Tuesday arrested five persons in a forgery case of Rs 5.95 crore in which a fake cheque was provided to the complainant by the accused.
Kunal Tanuja of Ramsons Tyres had claimed that a fake cheque of Rs 5.95 crore was given to him by Harbhajan Singh, owner of Royal Industries.
The police have arrested five persons -Amit Kumar, Ranjit Singh, Balwinder Pal, Harish Kumar and Ranjit Singh. Harbhajan Singh of Royal Industries, who is the kingpin in the case, is at large. The police have also recovered a sum of Rs 49.45 lakh in cash from the arrested persons.
During a press conference, additional deputy commissioner of police Manjeet Singh Dhesi said the five accused with Rs 49.45 lakh in cash have been arrested, while three, including main accused Harbhajan, were still at large. The gang prepared a fake cheque of the State Bank of India worth Rs 5.95 crore and then succeeded in encashing it during a deal with another company - Sri Ram Finance Company.
"Harbhajan Singh Sandhu had a deal with Kunal Tanuja a few weeks ago for purchasing a piece of land. Harbhajan was supposed to pay Rs 2 crore to Kunal for purchasing the land," Dhesi said.
Sandhu called Kunal on his mobile phone on June 16 that he (Sandhu) had applied for a loan from a Sri Ram Finance, which had been sanctioned and the company had handed over a cheque worth Rs 5.95 crore to him that was payable to self.
Sandhu asked Kunal to keep Rs 2 crore with him and deposit rest of the amount in Sandhu's bank account.
Station house officer division no. 2 Gurpreet Singh said a case under Sections 406, 420 and 120-B of the IPC have been registered.
However, how the accused were able to prepare a fake cheque that was considered by the banks and money was transferred, is a matter of investigation.
"The main accused Harbhajan Singh Sandhu and two co-accused from Delhi, Rajiv Kumar and Deepak Kumar are still at large," Dhesi added.