Excelsior Correspondent
JAMMU, Dec 28: The Crime Branch of Jammu and Kashmir Police today filed a charge-sheet in the court of law against six persons for duping investors of over Rs 60 lakh in the year 2017 after inducing them to invest in a Haryana-based private company.
The 1266-page charge-sheet was filed by the economic offences wing of Crime Branch, Jammu against six affiliates of Swarn Bhavya Gold Private Limited, including its Managing Director Balwinder Kumar of Haryana, under various sections of the Indian Penal Code, a spokesperson of the CB Jammu said. He said a case in this connection was registered in the year 2020.
The spokesperson said the accused hatched a criminal conspiracy to induce the complainants and other people to invest their money in the company by promising to provide bonus income on their deposits after every 15 days and additional bonus income on creating a network of depositors. “Others charge-sheeted in the case are Sushil Kumar, Sandeep Kumar, Deepak Singh – all residents of Haryana, Saphali Singh of New Delhi and Manveer Singh of Punjab,” the spokesperson said.
He informed that a written complaint lodged in CB Jammu by Mohd Younis of Pulwama, Asrar Ahmed of Srinagar, Ayaz Ahmed of Poonch and Mushtaq Dar of Rajouri have alleged that the accused came to J&K in October 2017 and conducted seminars at different hotels to get people to invest money in the company, the official said.
“People were assured that the company is genuine and registered with the Reserve Bank of India,” the spokesperson said, adding the company collected huge amounts from local residents within three months.
After police received the complaint, a preliminary verification was conducted and allegations of cheating and fraud were prima facie substantiated, leading to the registration of a formal case under relevant sections of law for in-depth probe, the spokesman said.
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