Friend cheats Panchkula businessman on pretext of ₹20L loan

A 45-year-old man has been booked for allegedly duping a Panchkula businessman of ₹20 lakh on the pretext of taking a loan from him. Complainant Vishal Goyal, 40,

A 45-year-old man has been booked for allegedly duping a Panchkula businessman of ₹20 lakh on the pretext of taking a loan from him. Complainant Vishal Goyal, 40, a resident of Sector 10, told the police that accused Tek Chand of Kalka came into contact with him through one of his friends in July 2017 and developed friendly relations.

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Goyal told the police that he gave him a loan of ₹9.8 lakh on various dates from August 2017 to March 2018.

He said, in May 2018, Tek Chand approached him and requested him to purchase his Tata Hitachi Hydraulic Excavator for ₹20 lakh.

He said the accused asked him to pay ₹10.2 lakh more and adjust the existing loan of ₹9.8 lakh. The complainant agreed to purchase the vehicle. The vehicle was financed and the accused promised to pay all the instalments as per the agreement.

Sub-inspector (SI) Pawan Singh, investigating official, said as the accused failed to pay the instalments, he purchased the vehicle from the complainant by offering him ₹17.5 lakh through a post-dated cheque,which bounced. “We have booked the accused under Section 420 (cheating) of the Indian Penal Code and initiated investigation,” he said.