CB gets property of RK Finance, A K Traders attached

Excelsior Correspondent

JAMMU, Feb 4: Crime Branch (CB) Jammu got property of a proclaimed offender attached through the Court of 2nd Additional Sessions Judge, Jammu.
A case FIR Number 261/2000 U/S 420, 467, 468, 406, 201, 120-B/ RPC was registered against the accused, Rakesh Kumar Gupta son of Tara Chand Gupta resident of H No. 201 City Chowk, Jammu at police station Pucca Danga Jammu.
The accused along with other co-accused persons was involved in commission of crime of defrauding and duping people of their hard earned money to the tune of Rs 65 lacs by way of inducement on the pretext of providing higher rates of interest on their deposits in the name of Private Finance Companies viz R K Finance and A K Traders in Jammu City.
The investigation of the case was closed as proved by Crime Branch Jammu and the charge-sheet of the case was produced in the Court of law on February 19, 2002. The accused did not turn up before the Court during the trial of the case, as such proceedings U/S 512 Cr PC were initiated and arrest warrant was issued by the Court for his arrest.
However, the accused kept absconding for a very long period of time and as such proceedings of declaring him as proclaimed offender were initiated by Crime Branch Jammu but the accused again failed to appear before the Court within a stipulated time frame following his declaration as proclaimed offender by the Court of Law.
Thus, acting tough, Crime Branch Jammu resorted to the legal proceedings of attachment of his property through the Court of 2nd Additional Session Judge Jammu which issued orders attaching the property of the absconder dated January 30, 2021