A fraud has come to light in which a city resident,Satvinder Pal Arora alias Pappu,and his son Gurkaran Singh Arora alias Shanky have duped their three family members of Rs 90,00,000 and that too within one minute.
As per the FIR registered at police division number 8,four brothers Inderjeet Arora,Harjeet Arora,Ravinder Pal and the accused held a joint account in HDFC Bank,Mall Road. A bank loan of Rs 45,55,349 (including interest) had been pending against LIC policies submitted by the brothers as guarantee since 2005. However,after they failed to pay back the loan,their account was frozen by the bank. Then to recover their amount,the bank got their LIC policies surrendered and an amount of Rs 1,35,60,709.10 was credited to their account in October 2012. After the bank took all its due amount,Rs 89,87,758.10 remained in the account which was to be distributed among four brothers.
On March 14,however,Satvinder Pal went to the bank manager asking him to credit his share to his another account. All this while his son was waiting at the HDFC branch of Kalsi Nagar. As soon as the bank manager began processing Satvinders request and unblocked frozen account,he transferred Rs 89,87,758 to his another account in HDFC bank this was a joint account with his son within one minute and then messaged okay to his son. Later,the son transferred the entire amount to an SBI account and sent to his father an SMS saying job done.
Satvinder Pal left the bank and never responded to the bank managers calls after that. Despite the banks efforts to stop the transaction and block the account at Kalsi Nagar and SBI,Gandhi Nagar,the fraud was already done and only 10 paise were left in the account.
Brother Ravinder Pal Arora has registered a case against the two accused and the bank. Fraud is not possible without the involvement of bank employees. We want the accused to be arrested. The case has been registered under sections 420/422/120B of the IPC.
Another FIR has been registered by the bank.
Inspector Ravinder Singh said,The accused will be arrested soon. Investigations are on right now.