Early Times Report
Jammu, Aug 1: The Crime Branch of J&K police on Thursday booked former legislator and Congress's district president for Baramulla, Shoaib Lone, in a case of forgery and criminal conspiracy.
As per information available with Early Times, Shoaib Lone, an ex-MLA from Sangrama constituency of Baramulla, along with one CS Sauleheen, the company secretary of M/S Sauleheen & Associates, had fraudulently transferred 65000 shares of one Harmeet Singh Sasan, who happens to be one of the share holders of CA cold store M/S Alpine Fresh Pvt Ltd along with Lone and others. The forgery caused a loss of Rs 70 lakh to Harmeet.
After the preliminary investigation, offences punishable under Sections 420 and 120B RPC were "proved against Shoaib Lone and CS Sauleheen," sources toldEarly Times, adding, FIR No-39/2019 stands registered at police station Crime Branch Jammu.
Sources said a written complaint was lodged by Harmeet Singh Sasan, son of Gurbaksh Singh, resident of H.No. 392, Sector 1/P, Ext. Trikuta Nagar, Jammu, in the Crime Branch, wherein the complainant mentioned that he is one of the directors/shareholders of Alpine Fresh Pvt Ltd and possessed 65000 shares in the said company. Harmeet's wife Ramandeep Kour is also one of the shareholders possessing 5000 shares.
"The accused CS Sauleheen while submitting Form No. MGT-7 for the year 2017-18 has deliberately and in league with one Shoaib Nabi Lone reduced the shares from the complainant (Harmeet Singh) from 65000 to zero and his wife from 5000 to zero, that too without prior notice to the complainant or his wife," the sources said.
They said that in the earlier Form No.MGT-7 for year 2016-17, the number of shares of Shoaib Lone were equal with Harmeet Singh, that is, 65000, and in the subsequent year the shares of Harmeet and his wife were also transferred into Shoaib's account without any lawful justification, which took Harmeet by surprise and caused him a loss of Rs 70 lakh.
Sources said on receipt of the complaint, a preliminary investigation was conducted by the Crime Branch Jammu on the basis of which it came to the fore that the accused CS Sauleheen and Shoaib Lone had committed fraud with the complainant after hatching a criminal conspiracy with each other for wrongful gains.
"The omissions and commissions, thereof, on the part of Shoaib Lone, son of Ghulam Nabi Lone, resident of Nowpora, Sopore (Baramulla), prima facie constitute offences punishable under Sections 420, 120-B RPC," sources said.
The case has been entrusted to Deputy Superintendent Crime Branch Jammu, Shwetambri Sharma.
Notably, it's not for the first time that Shoaib Lone has been involved in an alleged fraud. Last year in September, a Jammu court summoned him
in a complaint filed against him under Section 138 of Negotiable Instrument Act regarding the dishonor of a cheque amounting to Rs 54.50 lakh.
Incidentally, the summons for personal appearance of Shoaib were issued in a complaint filed by Harmeet Singh who is the complainant in the fresh case as well.
In the cheque bounce case, Harmeet had alleged that he had given financial assistance to Shoaib amounting to Rs. 54.50 lakh with the condition that he will repay the aforesaid amount within time as agreed by both, but he failed to repay the aforesaid amount to the complainant within the stipulated time.
In the complaint it was further alleged that after great persuasion Shoaib Lone issued a cheque bearing No.189790 dated July 19, 2018 for an amount of Rs 54.50 lakh in favour of the complainant and the complainant presented the same to his banker ICICI Bank Ltd Branch Gandhi Nagar, Jammu, and the banker of Shoaib, that is, J&K Bank, Delina, Baramulla returned the cheque with the plea that it is dishonored on account of 'refer to drawer'.
The court in its order observed that despite the issuance of notice by the complainant through counsel for demand of the amount, the accused Shoaib Lone had failed to pay the same within stipulated time and as such complainant has substantiated the allegations against the accused at this stage and prima-facie a case for commission of offence under Section 138 Negotiable Instrument Act has been established and as such the accused is required to be summoned.
The court had directed the Registry to issue summons for appearance of accused Shoaib Lone on the next date of hearing on October 1, 2018. |
