6 years on, Enforcement Directorate to lastly probe multi-crore funding ‘rip-off’

6 years on, Enforcement Directorate to lastly probe multi-crore funding ‘rip-off’

Tribune Information Service

PK Jaiswar

Amritsar, September 18

Six years after the alleged multi-crore funding rip-off, during which tons of of locals had been duped by a number of individuals having fun with political patronage of the ruling governments, the probe has lastly been handed over to the Enforcement Directorate (ED).


I’ve submitted the case information together with the probe studies to the Enforcement Directorate for additional investigation. Gurvinder Singh, SHO, Chheharta police station

The victims below the garb of a series membership had been promised good-looking returns and their quantities had been invested in mounted deposits, recurring deposit schemes in addition to investing in actual property and Punjabi films.

In 2016, the Chheharta police had registered two FIRs (quantity 139 and 277) in July and November, respectively, on the costs of fraud, forgery and legal conspiracy towards 9 individuals. Following a preliminary probe, the police discovered that numerous residents within the Chheharta space had been defrauded of crores of rupees below completely different schemes.

The police had booked Ramesh Kumar, his spouse Neelam, Jeevan Chug, Harsh Kumari, Sukhwinder Singh, Parveen Kumar Tandon, Jyoti, Pardeep Kumar Sen and Sandeep Kumar Seth in these two circumstances. The challans had been introduced within the courtroom in 2018.

The incident got here to mild when the sufferer approached the Punjab Human Rights Organisation (PHRO), an NGO, looking for an intervention. After the probe, the PHRO discovered the rip-off was truly to the tune of tons of of crores of rupees.

The PHRO submitted a report of over 3,600 pages to the then state DGP and sought motion towards the suspects. It urged him to type an SIT of state-level officers for additional investigation and acceptable motion.

Nonetheless, the DGP forwarded the report back to the native police, which shaped an SIT below a DCP-rank officer. A probe was additionally carried out by the financial offence wing right here. Nonetheless, these investigations proceed to hold hearth for lengthy.

Sarabjit Singh Verka, PHRO member, alleged that the native police confined the investigation to simply Rs 2 crore below the affect of their political bosses. He alleged that the whole rip-off was masterminded by a former SAD councillor, who was given a clear chit by an ACP-rank officer on whose probe the police had registered the second FIR (quantity 277).

“We’ve been urging the Punjab Police handy over the probe to the ED because the case additionally concerned cash laundering. Gullible folks had been duped of their hard-earned cash by the fraudsters. The rip-off was to the tune of Rs 400 crore and solely the ED can probe the matter,” he added.

In November 2021, the PHRO had urged the then Chief Minister handy over the probe to the ED.


A whole bunch of Amritsar residents had been allegedly duped by some funding companies in 2016. The Metropolis police had registered two separate circumstances in July and November 2016 towards 9 individuals for fraud, forgery and legal conspiracy.

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