Excelsior Correspondent
JAMMU, Oct 10: The Special Crime Wing (SCW) of Crime Branch (CB) Jammu has filed a charge sheet in a fraud case involving Rs 12 lakh.
The charge sheet was presented against Kimiti Jain, a resident of Jhulaka Mohalla, Jain Bazar, Jammu, for duping one Ramesh Jain of Channi Himmat, Jammu.
Sandeep Mehta, SSP Special Crime Wing said the charge sheet was submitted in Case FIR Number 41 of 2023 under section 420 RPC at the SCW Crime Branch Jammu.
According to him, the accused allegedly convinced Ramesh Jain to invest in a daily installment scheme, promising substantial returns.
“Over 20 months, the victim paid Rs 2,000 daily, amounting to Rs 12 lakh,” the SSP Special Crime Wing said.
However, when the time came to return the money along with interest, the accused refused to honour the agreement, causing a financial loss to the victim, said the police officer.
Following a formal complaint, Crime Branch Jammu initiated a preliminary verification, which confirmed the allegations, added the police officer.
He said after a thorough investigation led by Inspector Rajesh Verma, the case was proven against the accused.
“The charge sheet has been presented before the court for further proceedings,” added the police officer.
Meanwhile, the Special Crime Wing has urged the public to be cautious of fraudulent schemes offering high returns and to verify all financial dealings before investing.
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