Excelsior Correspondent
JAMMU, Oct 1: Crime Branch (CB) Jammu today registered a criminal case against Kulbir Singh and Narotam Singh, proprietors of KK Motors, for cheating and fraud in a loan case of JCB.
A written complaint was lodged by a woman namely Baldeep Kour wife of Karamjeet Singh, resident of Sunderpur (R S Pura, Jammu) in Crime Branch, Jammu that she approached J&K Bank Branch Kullian R S Pura for sanctioning of loan to purchase JCB and the Bank consented for the loan against the JCB.
As the cost of the JCB was Rs 23,50,000, the complainant paid margin money of an amount of Rs 8,50,000 and thereafter Rs 5,00,000 to the dealership namely K K Motors located near Indershwar Banquet Hall, R S Pura. The complainant started visiting the Firm and in October 2017, its proprietor Kulbir Singh provided the Insurance policy of the JCB and complainant also insisted for the delivery of the JCB, but the dealer refused to give the delivery of the JCB and told her that the J&K Bank neither sanctioned the loan nor transferred any amount in the account of the firm.
On this, complainant and her husband approached to the J&K Bank Branch Kullian, but the officials/Head of the Bank failed to give any satisfactory reply. The complainant further alleged that the installments on account of loan of JCB were started, its deductions from the account of her husband maintained in the J&K Bank, Branch R S Pura Jammu with effect from October 2017.
Taking cognizance into the matter, a preliminary verification was conducted by Crime Branch, Jammu. Documentary evidence and witnesses established Prima facie that the J&K Bank Branch Kullian, R S Pura had sanctioned loan in favour of the complainant for purchase of JCB and the loan amount was transferred into account of Firm namely K K Motors of PNB Branch Kotli Arjun Singh R S Pura-Jammu which was being operated by the accused Narotam Singh.
The accused persons in connivance with the officials of Bank cheated the complainant dishonestly by fraudulent means. A formal case has been registered in police station Crime Branch, Jammu against the accused persons and investigation initiated.
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