Six booked for defrauding firm

LUDHIANA, Aug 18: The Economic Offences Wing of Police has booked six persons accused of defrauding the local branch of a Mumbai-based auto finance company, Kotak Mahindra Primus Limited.

Those facing criminal charges under Section 406/420/120-B IPC include Ranjit Midha, Mukesh Bali, Gurmangat Singh, Sunder Lal, Amrit Pal Singh and Daljit Singh. According to Varinder Kumar, SP (Headquarters) and in-charge of the Economic Offences Wing, the accused had submitted forged documents carrying fictitious addresses and later sold the vehicles to unsuspecting customers on the basis of forged and fabricated registration certificates.

Preliminary investigation have revealed that Midha, Bali and Gurmangat Singh were not available at their given addresses while the other three had sold off the vehicles without paying the overdue amount to the finance company.

Further investigations are in progress.