Crime branch files case against Finance company

KT NEWS SERVICE JAMMU, Mar 17: Crime Branch claimed to have registered a case against the management of a Finance Company which duped the innocent investors of lakhs of rupees.

Official reports said that Javed Ahmed, son of Haji Mohammad Mayen of Keran Bantalab, Jammu lodged written report with SSP Chandigarh against the company Golden Land (Dep) India Mani Majra, Chandigarh alleging therein that a company duped innocent people of Jammu of their hard earned money.

The company came into existence in the year 1994 and a branch was opened at Jammu.

The complainant also deposited the amount with the Jammu branch.

The company and its branches were closed without informing the complainant and other depositors and till date the company has not returned the deposited amount to the depositors.

Official reports said that on receipt of this complaint, through Crime and Railway Headquarter J&K Jammu, the matter was enquired and during course of enquiry, the statements of depositors were recorded and deposit receipts and certificates issued by the company and bank records related to the case was seized.

The record seized revealed that the management of Company Branch office Jammu had swindled the money from the innocent depositors by way of fraudulent means for their personal wrongful gain.

Prima Facie offences under section 420, 406 and 120B RPC has been registered against the directors of Company Vinod Mahajan, Rajesh Sayal, R.K.

Sayal, Lehmar Singh and others, reports averred, adding that as formal case has been registered against them, the services of experienced officers of Crime Branch Jammu has been put on job to detect the fraud of the Company and to collect required evidence so as to the culprits could be brought to books.