Mohali, November 17: Punjab police booked five people for allegedly cheating three Delhi residents of Rs 40 lakh by promising them to help in taking loan of several crore rupees from a bank. They took the amount from the victims and then neither provided a loan, nor returned their money. The victims lodged a complaint in Mohali police station. The accused have been identified as Prab Gill, Atul Jindal alias Vishal, Swarndeep Singh Sidhu, Anil Kumar and Anmol Kumar Gupta. Gujarat Police Seize Demonetised Currency Worth Rs 69 Lakh From Navsari

According to a report published in The Times of India, The accused have their offices in Sector 70 and 71, Mohali. In the complaint, victims said that they contacted the accused after seen an advertisement in a newspaper. Later the Delhi residents met them and transferred the entire 40 lakhs to their account. The police have registered a case against the accused under Section 406, 420 and 120-b of the Indian Penal Code.

In a similar incident, a gang of five people duped a resident of Mumbai’s Nalasopara of Rs 20 lakhs by spreading a rumour that the government planned to demonetise Rs 500 notes. The accused promised to exchange Rs 500 notes with Rs 100 notes. Dilip Ambaukar, a resident of Nalasopara, met one of the gang members through a common friend. The victim told police that the accused assured him of exchanging Rs 500 notes with Rs 100 notes and also giving 10 percent extra.

(The above story first appeared on LatestLY on Nov 17, 2018 04:41 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).