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| DB appoints former Sessions Judge to scrutinize properties, bank accounts of firm | | Dutta Finance Company Scam: | | ET Report
Jammu, Feb 18 (JNF): In the Public Interest Litigation filed by Trilok Singh and Ors against alleged cheating by Dutta Finance Companies to the tune of more than 20 crores rupees, a Division Bench (DB) of High Court Jammu Wing requested former District and Sessions Judge Harbans Lal, Jammu to examine various properties listed in bank accounts of Dutta Finance Company Limited and other family companies in addition to the properties which have already been identified, seized and appropriate action initiated and submit a report to safeguard the financial interest of the depositors. Division Bench (DB) comprising Chief Justice MM Kumar and Justice Dhiraj Singh Thakur after hearing Sr Adv SS Lehar with Adv Meharban Singh appearing for the PIL whereas Sr AAG Gagan Basotra appearing for the state respondents observed that in pursuance of the various orders a status report identifying various properties has been filed by the Senior Superintendent of police, Crime Branch, Jammu.
"It has been stated that many properties belonging to the accused have again been identified, court said and added, " so in respect of property situated at village Akbarpur Barota-Kundli Sector 65 Sonepat, Haryana bearing Flat no. B-1/803, Shashi Bala purchased it from accused Amarjit Singh.
The aforesaid property was purchased by Amarjit Singh from one Sanjay Kumar Jain for the sale consideration of Rs 35.00 lakh out of which Rs 17,92, 865.00 was transferred from the account of Dutta Finance. Likewise other property at Transport Nagar, Jammu and Godown belongs to accused Harpal Singh have been identified in the status report."Division Bench requested former District and Sessions Judge Harbans Lal, Jammu to examine various properties listed in bank accounts of Dutta Finance Company Limited and other family companies in addition to the properties which have already been identified, seized and appropriate action initiated against each one of them and submit a report suggesting what further steps could be taken to safeguard the financial interest of the depositors because apparently these properties have been purchased from the funds withdrawn from the account of the companies. Division Bench further observed that the status report has not disclosed the dates of the transaction whether these transactions have been conducted after the passing of the order or earlier than the passing of the order and it also has not been revealed whether Amarjit Singh Dutta and Gajjan Singh Dutta have been arrayed in the list of accused and whether any challan has been presented against them or not. Court observed that the hard earned money of the citizen is pilfered by the Managing Directors/Directors of the group of companies leaving them high and dry and instructed Harbans Lal shall make all efforts to protect the interest of the depositors. Besides this court said needful shall be done within a period of two weeks while record of the confiscated properties by the Crime Branch along with challan file may be placed before Harbans Lal so that he may examine the details. |
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