Gang that used forged papers to buy cars on loans busted by Ludhiana Police, 2 arrested, 10 Luxury cars recovered
Ludhiana, September 28, 2020: Ludhiana police have successfully arrested two members of a interstate gang that used to forge documents to buy cars on loans and later sell them to gullible customers.
The accused used forged identity documents to get the vehicles financed from different banks and finance companies in Haryana and then further sold the vehicles to gullible people in Punjab after making forged documents of registration in Punjab.
Disclosing this here today ,Commissioner Police Rakesh Aggarwal said that the arrested accused has been identified as Gunwantvir Singh s/o Jaspal Singh of Ludhiana and Tarun Kumar@ Bobby s/o Satpal Sharma of Phagwara. Ten luxury vehicles have been recovered by the Comissionerate Police Ludhiana which include include 2 Creta, 2 Breeza,1 Scorpio,1 Indigo,1Swift,1 Bolero,1 i20 and 1 i10 cars. Five fake RCs and 10 pairs of fake number plates were also recovered from the accused.
A case was registered against the accused at PS Div No.5 Ludhiana and the accused were booked under sections 420 (cheating and dishonesty), 467 (forgery), 468 (forgery for purpose of cheating), 471 (using forged document as genuine) and 120B (criminal conspiracy) of the IPC.
The arrests were made following after receiving a secret information by the team of CIA staff Ludhiana.
“The accused exploited quick finance services provided by several agencies to buy vehicles using fake documents. They then sold these vehicles to gullible people at rates lower than the market price,” said Rakesh Agrawal, Commissioner of Police Ludhiana.
By the time finance companies realised that the documents submitted by them were fake, it was too late. It was difficult to nab the accused because the information on the papers was false, said CP.
“The accused were part of a interstate gang that used to con financial firms using this method. The gang members used to target firms in different locations to avoid getting noticed,” said the CP.
Monu Chauhan, a resident of Haryana, was the mastermind of the gang who is still at large. He used to get vehicles financed and further got fake registration documents of Punjab prepared from Avtar Singh and Atiq Hussain of Kharar and then vehicles were handed over to Gunwantvir and Tarun for sale in Punjab, said police sources.
Investigators are also looking into possible involvement other people of Banks/finance firms who allowed processing of the fake documents submitted by the gang.
MODUS OPERANDI
*The accused forged identity documents like Aadhaar card, bank statements, driving licence etc to get the vehicles financed in Haryana. The accused exploited quick finance services provided by several agencies to buy vehicles using fake documents.
* Then fake registration documents of Punjab, sale letters etc were prepared
* New smart card types RCs with Punjab numbers are prepared
* They then sold these vehicles to gullible people at rates lower than the market price in Punjab