Jammu, Aug 22: In a case of duping the depositors of their hard earned money upto of Rs 7-8 Crores in furtherance of a criminal conspiracy, Crime Branch Jammu has booked four persons associated with one Vikrant Finance company. According to official spokesperson, Crime Branch (CB), Jammu has registered a case under FIR No.19/2014 against KewalKoul, Rakesh Kumar, Ashwani Kumar and Kamal Kumar Gupta all hailing from Rajouri for cheating and misappropriating the deposited amount and duping the depositors of their hard earned money in furtherance of a criminal conspiracy. Spokesperson said, "A written complaint in the shape of legal notice served by Deepak Sharma, Advocate Rajouri on behalf of his client ParshotamLal s/o Trilok Chand of W-9 Rajouri upon the Director, Non-Banking Institutions, Reserve Bank of India, Jammu, was received in Crime Branch, Jammu therein alleging that a company under the name & style Vikrant Finance Company was flouted in District Rajouri by some persons under a notion that the same was registered with the RBI and the registrar of Companies etc. "The company started accepting deposits from the public after alluring them of high rate of interests and also advanced loans to different borrowers. It has been further alleged that now when the company has turned defaulter and bankrupt, the accused persons, who were partners of the company are bent upon harassing the borrowers and the depositors on one pretext or the other after duping them of their hard earned money," complainant stated On receipt of the said complaint, an enquiry was initiated in Crime Branch, Jammu besides a report was also called from SSP Rajouri and it was found that the above mention four accused with the connivance of their co-partner Kamal Kumar Gupta of Rajouri opened the finance company under the name & style Vikrant Finance Company in the year 1994-95 with their office at main market Rajouri town without any authorization/ registration from the Reserve Bank of India etc. and started accepting deposits from the innocent depositors illegally after alluring them of high rate of interest. However, in the year 2012 the company turned defaulter and the accused persons refused to pay/liquidate an amount of about Rs 7/8 Crores belonging to the poor depositors. Crime Branch spokesperson stated that omissions and commissions on the part of KewalKoul and other accused, prima facie, constitute offences punishable u/s 420,406,120-B RPC. |