More trouble for Shergill couple; co-accused files another cheating case

Rajdeep Singh,who was accused by a Delhi-based businessman in the second FIR against the couple and six others including Rajdeep and MLA Jeet Mohinder Singh Sidhu,has now filed a complaint of cheating and fraud against Shergill,accusing him of illegally possessing shareholdings of a company and selling it further to Rajdeep.

“A preliminary inquiry into the case has been conducted. However,clarity will emerge only after the investigation is complete,” said Sumit Sood,station house officer of Division no. 7 police station in Ludhiana.

The first FIR against the Shergill couple was registered on April 19,2012 when a Delhi-based businessman Raman Uppal alleged that the couple cheated him of Rs. 130 crore by misusing the funds of a company jointly funded and promoted by Uppal and Shergill.

Uppal said that in 2000-2001,he had met Shergill as he wanted to expand his business. Uppal wanted to purchase a building situated in Phase VIII of the Industrial Area,Mohali and hence,decided to jointly fund and promote a private limited company under the name of International Customer Related Management Services (ICRMS). Uppal alleged that Shergill,in connivance with his family,introduced his brother-in-law as a director and funds were misused.

In the second FIR,Uppal alleged that on July 15,two days before the arrest of the couple,the shareholdings of ICRMS were illegally transferred by removing four directors of the company and appointing two new directors – Narinder Singh and Rajdeep Singh. According to Uppal,the alleged fraud this time amounted to approximately Rs. 60 crore.

Sukhbir and his wife,Gurbir,were arrested by the Economic Offences Wing on July 17 from Bathinda. The couple are currently lodged in Model jail,Burail.