Chandigarh: Chandigarh Police Crime Branch claimed to have busted a gang of Direct Marketing Associates with the arrest of one of the proprietors of a DMA company of HDFC Bank. Joginder Singh, proprietor of M/s Credit Partners had defrauded Joshi Auto Zone Private Limited of more than Rs 6 lakh, said police officers.
Police said the DMA company had purchased a Tata Safari Lx by furnishing forged documents. The main accused in the case, Satnam Singh, another proprietor of the company and brother of Joginder Singh, is still at large. The vehicle in question is yet to be traced, said police.
“It is a nexus of various DMA companies which defraud auto dealers. We have found that some prominent auto dealers in Chandigarh, Amritsar and Ludhiana have also faced similar problems. As far as our knowledge goes, there are more than a dozen vehicles which have been fraudulently obtained by certain DMAs. Joginder Singh was remanded in police custody by a local court today. We are yet to interrogate him,” said an investigating officer.
According to the FIR registered against Singh, the accused had got a loan approved from the bank in the name of a Ludhiana resident, Arjinder Singh, for purchasing a Tata Safari Dicor Lx.
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