Early Times Report
Jammu, May 29: Crime Branch, Jammu today arrested the main accused Kewal Koul who was wanted in the infamous Vikrant Finance Company, Rajouri Scam and who was absconding for the last eight months.
A case against FIR No.19/2014 u/s 420, 406, 409, 467, 468, 471, 120-B, RPC was registered in P/S Crime Branch, Jammu on the basis of a complaint received through RBI in Crime Branch, Jammu wherein the complainant had alleged that a company under the name & style "Vikrant Finance Company" was flouted in District Rajouri by the accused persons under a notion that the same was registered with the RBI and the registrar of Companies etc.
The complainant has alleged that company started accepting deposits from the public after alluring them of high rate of interests and also advanced loans to different borrowers but when the company turned defaulter and bankrupt, the accused persons started harassing the borrowers and the depositors on one pretext or the other and closed their establishments after duping the innocent depositors of their hard earned money running in crores.
During the course of investigation, which is being conducted by DySP Mohammad Ibrahim, it was found that accused persons namely Kewal Koul S/o Amar Nath r/o Ward -7 Rajouri, Rakesh Kumar s/o Surinder Kumar r/o Ward-9 Rajouri, Ashwani Kumar s/o Ved Vyas r/o W-7 and Kamal Kumar Gupta s/o Bhagat Ram r/o W- 12 Rajouri established 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 and started accepting deposits from the innocent depositors illegally however, in the year 2012 the company turned defaulter and the accused persons refused to pay/liquidate the public deposits amounting about Rs 8,83,03,977/- which belonged to the poor depositors.
SSP Crime Branch, Jammu Mubassir Latifi said that so far an amount of Rs 91.49 lakhs has been recovered and seized by the Crime Branch but after the arrest of the main accused, efforts are being made to recover the remaining amount of money and arrest the remaining accused persons. |
