Third accused in fake bank surety in police net

Police had earlier arrested two persons including a bank official for allegedly failing to pay the licence fee of ₹7 crore and submitting fake bank guarantees in Canara Bank in connivance with each other

Police’s economic offences wing (EOW) on Tuesday arrested a third accused in Chandigarh parking fraud case. The accused was identified as Ajay Kumar of Delhi.

Third accused was arrested in the fake bank surety. (HT File)

Police had earlier arrested two persons including Sanjay Sharma, director of Paschatya Entertainment Private Limited, and Ravi Chandra Prakash, a bank official for allegedly failing to pay the licence fee of ₹7 crore and submitting fake bank guarantees in Canara Bank in connivance with each other.

While Sanjay Sharma of Kalyan Vihar, New Delhi, had been arrested on March 7, Ravi who was the then bank officer with Canara Bank’s Mori Gate branch landed in the police net on Monday.

Ravi had issued forged bank guarantees as there was no record of such guarantees in the system of the concerned bank, police said

Superintendent of police (SP) EOW Ketan Bansal, however, remained unavailable for comment on the role of Ajay Kumar.

While working on recovering ₹6.5 crore unpaid licence fee from the Zone 2 contractor, whose contract had ended in January, MC officials had approached the bank concerned in New Delhi to recover the money through bank guarantees submitted by the contractor only for the bank to inform the civic body that guarantees for ₹1.5 crore were forged.

On the MC’s complaint, police had registered a cheating case at the Sector-17 police station. The case was later transferred to the EOW and Section 120-B (criminal conspiracy) of the Indian Penal Code was added.