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| Challan against five alleged fraudsters for duping depositors of Rs.56,98,397/-. | | | EARLY TIMES REPORT
Jammu Dec 9: Crime Branch, Jammu today produced a chargesheet (Challan) against accused five alleged fraudsters who allegedly are involved in duping 877 depositors of Rs 56,98,397/- A case under FIR No.37/2004 u/s 406, 420,467,468,471,201,120-B/ RPC P/S Crime Branch, Jammu stands registered.
Crime Branch presented challaned against five accused namely identified as Sunil Kumar S/o Mohan Lal C/o Vaid Gupta, Doonga Bazar, Kangra HP; Rajinder Bhatt S/o Late D.N. Bhatt R/o Vyas Market Kangra, HP; Desh Raj S/o Partap Chand R/o Lakshmi Bazar JNR, HP; Varinder Koul S/o Late Triloki Nath Koul R/o Mani Majra, Chandigarh, Managing Director of the Endowment Agro Project (I) Ltd. and Hamidullah Dar S/o Ab Rehman R/o Vervet-Pura, Khandipur Kulgam A/P Raj Bagh, Srinagar Director and Late Prabhakaran Pallaithiu S/o S.N. Panicrer H.No 105, Sec. No. 45-A Chandigarh in case FIR No.37/2004 u/s 406, 420,467,468,471,201,120-B/ RPC P/S Crime Branch, Jammu and presented the Challan in the court of CJM Jammu on Dec 8.
Crime Branch following a complaint of one Vijay Kumar S/o Sh. Puran Chand R/o H.No.104, Tirath Nagar, Talab Tillo, Jammu alleging therein that accused person namely Varinder Koul, the Managing Director of Endowment Agro Project in connivance with B.A. Manhas, Managing Director of Ocean Agro Forms, Hamidullah Dar, Director and P.K. Raina Regional Manager started publicity regarding opening of their branches in the state of J&K with dishonest and fraudulent intention to convince/ allure the innocent depositors to deposit the money with their Finance Companies with the promise to refund the deposited amount in double within 4 ½ years. The complainant further alleged that he along with other depositors deposited their money with the above stated Finance Company at its branch at Tirath Nagar, Tallab Tillo Jammu. He further stated that the accused persons all of a sudden stopped functioning of their branch at Talab Tillo and after closing their branches through out the state fled away to Chandigarh so as to dishonestly and intentionally dupe the huge amount of the investors. A case was in case was registered and investigation started.
During the course of investigation, the investigating officers of Crime Branch, Jammu after making hectic efforts succeeded to seize the Credit/Debit Bank account statements of Bank of Punjab, Branch Head office, Chandigarh vide A/c No. 24CA9603524, 24SBI603675 and A/c 1603524 in respect of Managing Director Varinder Koul S/o T.N. Koul R/o 5052/1 Model Residential Complex, Mani-Majra, Chandigarh. Photostat record of the company vide A/c No.358 from Punjab Sind Bank Branch, Exchange Road, Jammu in respect of Hamidullah Dar Director of Endowment Agro Project India Ltd. was seized.
“Original/Photostat Fixed Deposit Certificates and Recurring Deposit Certificates numbering 877 amounting to Rs.56,98,397/- issued by the Management of Endowment Agro Project (I) Ltd. were obtained from the depositors and seized in the case to establish the liability of the finance company, the case file stated. Meanwhile the statements of the witnesses/depositors were also recorded under section 161 Cr. PC. From the evidence collected, statements of the witnesses and expert opinion received from FSL, it has been established that the accused persons noted above under a well knit conspiracy had cheated/duped innocent depositors numbering 887 of an amount of Rs.56,98,397/-, for which they have been challaned in the court of law for judicial determination. The next date of hearing in the case has been fixed on Dec 23.
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