Accused exchanged currency from bank staff after paying commission
Ludhiana: With the arrest of three persons the city police claimed to have crack the case of 27 lakh looted from businessman near flower enclace chowk. The Police have recovered Rs 10,20,000 cash. Intrestingly the five lakh was on new currency. The swift car used in crime was also recovered by the police.
On November 24, three persons posing as cops looted twenty seven lakh cash from city based industrialist near flower enclave chowk. However the police have registered case on Monday at police station Sadar after the arrest of accused.
Additional Deputy Commissioner of Police (ADCP) Rattan Singh Brar said that the complainant Surinder Singh, city based industrialist informed that three persons posing as cops stopped them for checking and looted twenty seven lakh old banned currency notes. The accused have established checkpoint at Flower enclave chowk and sticker of Punjab Police was pasted on their car.
After taking cash, the accused took him and his friend Iqbal in vacant plot in the area and forcibly got their signatures on blank papers, complainant told Police.
ADCP said that during the investigation three accused identified as Iqbal Singh, Sarabjit Singh and Rupinder Singh was arrested. Swift car and ten lakh twenty thousand cash was recovered from the accused. Out of the total cash recovered, five lakh is of new currency notes.
ADCP said that they are investigating that from where they have got new currency and why they got blank papers signed. Sources said that the accused had paid commission to bank employees to get their currency exchanged. The Police is scanning the role of bank employees also.
The police remand of accused has been taken and further investigation is on, added ADCP.
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