Extortion case: Financier's son booked for forging partner's signatures

Panchkula, June 14

Financier Anil Bhalla’s son Akash Bhalla has been booked by the Panchkula police in a new case for fraudulently transferring Rs 61 lakh from an account by forging the signatures of one of the partners in 2018.

Harinder Kaur, a resident of Sector 4, Panchkula, in her complaint to the police she filed on behalf of her son Sikander Singh Sangwan, said her son, Akash Bhalla and Amit Chillar had formed a partnership to run a restaurant, “AA Hospitality”, and had their business office in Sector 5 here. They had a bank account in ICICI Bank, Sector 16, Panchkula.

In February 2018, Akash had forged the signatures of her son on four cheques of the firm (current account) and transferred a total of Rs 61 lakh to his personal account. As per the rules for the current account of the firm, at least two of the three partners’ can transfer funds by signing a cheque. Akash had forged her son’s signatures on the four cheques.

She alleged that Nitin Gupta, manager, and other employees of the bank branch had cordial relations with Akash. He, in connivance with the bank officials, fraudulently transferred the money from the firm’s account to his personal account for his personal benefit. Her son Sikender visited the bank branch numeours times and tried to talk to the manager, but he was not ready to cooperate.

Sikander had filed a complaint on April 24, 2021, to the Deputy Commissioner of Police, Panchkula.

In the preliminary inquiry conducted by the senior police officer and after seeking legal opinion of Deputy District Attorney, a case under section 420, 467, 468, 470 and 471 of the I.P.C has been registered against Akash in the Sector 14 police station.