LUDHIANA – Notorious fraudster Jagjit Singh, who was arrested last year for duping city residents and financial institutions, has been booked yet again for committing a Rs 7-core fraud with a bank.
The Shimlapuri police have registered a case against Jagjit Singh, Harpreet Singh of SBS Nagar, Dalip Singh (advocate), Bagail Singh, Sudagar Singh (numberdar) and Manjit Singh of Panchkula on the complaint of Bank of Maharashtra Chief Manager Anoop S Pant.
The complainant said Jagjit Singh took a loan of Rs 7 crore from the bank by mortgaging a property situated near Gill bypass. He did not pay the loan instalments. When the bank officials went to take possession of the property, they found that the land documents given to them were fake.
The complainant said Harpreet Singh, Dalip Singh, Bagail Singh, Sudagar Singh and Manjit Singh helped Jagjit Singh in preparing the fake land record.
A case has been registered under Sections 420, 467, 468 and 120-B of the IPC against the accused.
At present, Jagjit Singh is lodged in a jail. He has a long list of cases registered against him.
Last year, he was arrested for committing a fraud of Rs 47 crore by mortgaging a plot measuring 17,000 sq yd in Jugiana village to a bank using forged documents.
In the land scam case of Jugiana village, Jagjit Singh, owner of NKH Garments Private Limited, NKH Fashions and Omax Steel, arranged two imposters who posed as Gurmail Singh (who died in 2008) and Gurdev Singh (a US-based NRI) and got fake land registries executed.
The multi-crore fraud was detected after four years when bank officials visited Gurmail’s house and told his son Gurinder Singh that the bank had given a loan of Rs 47 crore on the basis of three plots, measuring 2,255 sq yd, 7,541 sq yd and 8,120 sq yd in Jugiana village.
As Jagjit Singh did not pay the loan instalments, the outstanding loan amount went up to 86 crore. Gurinder Singh lodged a police complaint and a case was registered.
In June last year, Jagjit Singh was booked for committing a fraud of Rs 9.7 lakh with the United Bank of India. The case was registered on the complaint of Gulshan Pahwa of Impact Metals. It was stated in the complaint that Jagjit Singh and his accomplices prepared fake documents of Pahwa’s property and took a loan of Rs 10 crore from the bank. It was found that bank employees were hand in glove with Jagjit Singh.
The fraud came to light when Pahwa reportedly received a notice from the banks for not paying loan instalments. Gulshan approached the police and was shocked to find out that Jagjit Singh had taken a loan against his property by submitting fake documents.
