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| CB presents charge sheet against Ex-Manager SIDCO, Ors | | ‘Fraudulent disbursement of loan against non-existing unit’ | | Early Times Reporter
Jammu | Jan 18
Crime Branch today presented a challan in the court of law against the accused for fraudulently disbursing loan to non existent industrial units thus subjecting the government to a wrongful loss of lakhs of rupees.
Following a complaint that lakhs of rupees were fraudulently sanctioned and released in favour of one Nazir Ahmed Proprietor M/S Modern Toy Rangret for establishment of an industrial unit, the Crime Branch took up the investigation and during the preliminary investigation allegations were established and accordingly registered a case FIR No 22/96 for in depth investigation.
A spokesman of the Crime and Railways said that during the course of investigation relevant record pertaining to the case was seized and persons acquainted with the facts were examined. During investigation it emerged that Nazir Ahmed resident of Raithan present Mehjoornagar, Srinagar, Shakeel ur-Rehman of Budshahnagar Prop. Himaliyan Srinagar and Zaffar Ahmed ex-Manager SIDCO in furtherance to a criminal conspiracy managed to disburse huge loan in favour of accused Nazir Ahmed for setting up an industrial unit. The machinery for the said unit was shown to have been acquired through Shakeel-ur-Rehman in whose favour the cheque was issued. The accused Zaffar Ahmed Jalali violated all the norms to ensure fraudulent disbursement of the loan in favour of Nazir Ahmed thus the accused subjected SIDCO to wrongful loss by preparing and producing fake and forged documents resulting into proportionate wrongful gain for these accused.
The spokesman further said that on the basis of investigation conducted and available records prima facie case of misappropriation and cheating was made out against the above said accused persons and charge sheet of the case was produced before the court of law for judicial determination. |
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