The district police here on Monday registered a case of cheating against five persons at the Dhilwan police station in Longowal subdivision.
The case dates back to April 14 last when one Darshan Singh of Dhilwan village moved an application to senior superintendent of police (SSP), Sangrur, MS Sidhu, against five people for duping him and others of Rs 36 lakh.
Those named in the complaint are two brothers, Bhupinder Kumar Gupta and Madhur of Tappa; Makhan Singh of Kaleke, Varinder Bhatia of Sirsa and Shrikant Acharya of Bangaluru.
During investigation after the application was filed, all the five accused were summoned four times to join in the investigations. However, none appeared before the police.
The police have registered a case under section 420 and 120 of the IPC. In his FIR, Darshan Singh has alleged that the accused formed a 'Live Trading India Company' and promised Rs 10,000 as monthly interest against a deposit of `1 lakh and the return of the deposited amount after 14 months.