Oil trader loses Rs 35.29 lakh in Ludhiana, faces gangster threats

Ludhiana police received a complaint from an oil trader who alleges that he was defrauded of Rs 35.29 lakh. The trader said the money was taken through a scheme that left him financially crippled. He further reported that members of a criminal gang approached him with threats, warning him against pursuing the matter. Authorities have opened an investigation to trace the perpetrators and to assess the credibility of the intimidation claims. The case highlights growing concerns over financial fraud and extortion linked to organised crime in Punjab.