Phagwara Police Arrest Two Gang Members Who Looted Money From Fundraising Company

PHAGWARA: Police arrested two gang members who looted money worth lakhs of rupees by targeting the office of a financial company at Dhyan Singh settlement here yesterday and recovered 1 lakh of rupee from them. Rs 15,000 while the third gang member of the group is still out of custody.

Speaking at a press conference here today, SP Harinder Singh Parmar and DSP Ashru Ram Sharma said three unidentified people on two motorcycles stole an iron safe from the private Saton Credit Care Network Limited to Satnampura on January 4. Police had registered a complaint against Sukhdev Singh under Section 392, 34 IPC, 25-54-59 Arms Act.

He said after a thorough police investigation by CIA official Sikandar Singh Virk, police cordoned off the Pandawan area and arrested two young people who were riding motorcycles and questioned them. 1 lakh 15 thousand was recovered from them. He said those arrested were identified as Pradeep Singh alias Pradeep son of Bhola Singh from Patti Nilowal Bilga Jalandhar Rural district and Ajaypal Singh son of Dalbir Singh from Dinewal village of Tarn Taran district while their third accomplice Shira alias Shiru who is still in custody. Is out of

He said that Pradeep and Ajaypal admitted that they worked out the whole plan together with Shira. Pradeep Singh, who was previously a Debt Collector in Seton Credit Care Network in Jandiala Guru, has been transferred to Hoshiarpur District Branch for about a month now. Ajaypal had taken out a loan from Pradeep because of which they had a lot in common. Ajaypal Singh and Pradeep Singh made all the suggestions over the cell phone to complete the incident and also included Sheera aka Shuri who was a friend of Ajaypal Singh.

On the night of January 3, Ajaypal Singh and Sheera both reached Phagwara by bus. They took him to Bilga village and broke the safe and shared the money. They spent the money and the rest of the money is with Shira. He said police recovered two motorcycles used in the incident, a broken safe, money of Rs. 1 lakh 15 thousand and they are being questioned.

CIA official Sikandar Singh said Pradeep, Ajaypal and Sheera were all financially weak at home and many were in debt. For this reason, they thought that it would be better to do this work to improve their economic situation and they thought that this work would eliminate the debt on our head but they probably did not think that this work would turn out bad. The main purpose of this event was to improve the economy.