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| HC rejects bail of Director of Dutta Financer | | | Early Times Report
JAMMU, May 24: Justice Sanjay Kumar Gupta rejected the bail application of one of Director of Dutta Financer Gurdeep Singh.
Petitioner herein against whom warrant under Section 512 Cr.P.C. has been issued in FIR No.302/2012 dated 19.11.2012 registered with Police Station, Gandhi Nagar, Jammu for commission of offences under Section 420/467/468/120-B RPC by 1st Additional Sessions Judge, Jammu, has filed the present application for cancellation of warrant and admitting him on bail.
Justice Gupta after hearing Adv GS Thakur for the petitioner whereas Deputy AG Raman Sharma for the State, observed that there is sufficient material available on record to infer that all the Directors joined hands and siphoned crores of money of innocent persons on false promise of giving huge interest; but in fact they used money for personal use and purchased huge properties. In view of above, this petition is dismissed.
According to the challan presented by Crime Branch in Case FIR No.302/2012 u/s 406,409,420, 468, 471, 120-B RPC P/S Gandhi nagar, Jammu against the accused persons Harpal Singh S/o Gurbachan Singh Dutta R/ o 90/11 Nanak Nagar Jammu, Gurdeep Singh S/o Harnam Singh R/o 83/1 Channi Himmat Jammu, Gurbachan Singh Dutta S/o Ravail Singh Dutta R/o 90/11 Nanak Nagar, Jammu and Bhajan Kour W/o Gurbachan Singh Dutta R/o 90/11 Nanak Nagar, Jammu in the Court for duping the innocent persons by way of fraudulent means.
Brief facts of the case are that a written complaint was lodged by one Sardar Joginder Singh with P/S Gandhi Nagar, Jammu alleging therein that a number of depositors of various districts of the state had deposited their hard earned money with "Dutta Financers" Nanak Nagar, Jammu. In April 2011 when some depositors approached the said finance company for payment of interest and even the deposited money for their personal use, the Directors and other officials of the said company refused to pay the deposited money to the depositors. |
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