Two booked for cheating, forgery
Mohali, April 24
The police have booked two Mohali residents for cheating, forgery and criminal breach of trust in a case related to property dispute involving crores.
The suspects have been identified as Sukhchain Singh and Hoshiar Singh, co-partners in M/s Baba Banda Singh Bahadur Enterprise, a real estate firm in Sector 91. A case under Sections 406, 420 and 120-B of the IPC was registered on April 23, said Balongi police in-charge Bhagwant Singh.
Complainant Sushil Dhara, a resident of Sector 48, Chandigarh, alleged that the duo entered into a partnership with him for real estate business in October 2015.
“During our partnership, I arranged an investment of around Rs9 crore in the firm through my own capital contribution and from various investors. In October 2019, the duo opened a bank account in the name of the firm without my authorisation and removed my name as a partner in the balance sheets and the ITR to show them as sole owners. They sold the property and diverted funds of the firm, denying me 1/3 share of business profit of the firm,” the complainant alleged. — TNS
