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Home >> Chandigarh

Financial fraud cases double in 2 years in Mohali

| Monday | 17th December, 2018

MOHALI: Financial frauds have taken Mohali district by storm. The number of fraud cases has increased by two times in the past two years.While in 2016, economic offence (EO) wing, investigation, of Mohali police received 144 fraud cases, around 300 complaints have been received this year till December 12.The cases generally include travel and property disputes.The recent arrest of Karanvir Singh of Kharar in two frauds of Rs 5 crore has brought attention to the rise in financial frauds in Mohali district. With four states neighbouring Mohali, many people want to build their houses here. Karanvir Singh of Kharar along with Rajesh Khanna, former manager of Kharar branch of UCO Bank, allegedly duped the bank of Rs 3.65 crore in a loan fraud in 2013. He also allegedly duped15 people of Rs 1.35 crore on the pretext of sending them to Canada after setting up a fake company.The EO wing had received as many as 182 complaints in 2017.An official from EO wing said most of the complaints received by them are related to real estate.

MOHALI: Financial frauds have taken Mohali district by storm. The number of fraud cases has increased by two times in the past two years.While in 2016, economic offence (EO) wing, investigation, of Mohali police received 144 fraud cases, around 300 complaints have been received this year till December 12.The cases generally include travel and property disputes.The recent arrest of Karanvir Singh of Kharar in two frauds of Rs 5 crore has brought attention to the rise in financial frauds in Mohali district. Karanvir Singh of Kharar along with Rajesh Khanna, former manager of Kharar branch of UCO Bank, allegedly duped the bank of Rs 3.65 crore in a loan fraud in 2013. He also allegedly duped15 people of Rs 1.35 crore on the pretext of sending them to Canada after setting up a fake company.The EO wing had received as many as 182 complaints in 2017.An official from EO wing said most of the complaints received by them are related to real estate. With four states neighbouring Mohali, many people want to build their houses here. An officer, who is involved in investigation of such complaints, said, “People coming to Chandigarh to build their career often shift to Mohali as the former is costlier in terms of accomodation.” Fraudsters make the best of this fac, he added.Mohali SP, investigation, Varun Sharma refused to comment on the issue.

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