CHANDIGARH, May 26 — The Economic Offences Wing of the Chandigarh Police arrested a long-time fugitive wanted in nearly a dozen criminal matters across Punjab for allegedly defrauding a public sector bank of ₹2.5 crore.
Nirpal Singh Bading was taken into custody following a raid at his home and is currently lodged in the Central Jail. The arrest stems from a 2022 case registered at the Sector-26 East police station involving the initialization of a fraudulent loan-cum-limit from the Indian Overseas Bank.
“The Chandigarh Police is acting with absolute strictness against criminals,” stated A. Venkatesh, SP and In-charge of the Economic Offences Wing. “We will take strict action against him in accordance with the law.”
Investigators noted that Bading allegedly secured the ₹2.5 crore credit facility by submitting color photocopies of property deeds for a Patiala bungalow and a commercial booth in Rajpura. A subsequent inquiry revealed that the original deeds had already been pledged to secure a separate multi-crore loan from HDB Financial Services Limited.
The initial police probe led to a formal case involving charges of fraud, criminal conspiracy, and forgery. The First Information Report names Bading, his brother Narendra Singh, and the bank’s branch manager, Adresh Kumar, as co-conspirators who allegedly facilitated the credit approval using the duplicated documents.
Bading managed to evade law enforcement for several years before police tracking intensified. Victims of the various financial schemes have approached senior police leadership to request a thorough prosecution and swift justice.
“Nirpal is currently lodged in the Central Jail,” declared Investigating Officer Jagpal Singh. “He will be produced before the court, and the law will take its course. No criminal will be spared.”
Records show Bading is a proclaimed offender across multiple jurisdictions. His legal history includes a 2015 conviction in Mohali, alongside ongoing fraud, criminal breach of trust, and civil cheque bounce cases pending in Kheri, Banur, Rajpura, Patiala, and Chandigarh. Several judicial magistrates have previously designated both Bading and his wife, Ramandeep Kaur, as absconders for failing to appear during ongoing court proceedings.
