Excelsior Correspondent
JAMMU, Dec 10: Economic Offences Wing of Crime Branch Jammu has charge-sheeted Gujarat based Director of Armada Bazar Private Limited (ABPL) for cheating two J&K residents by luring on the pretext of associating them for becoming partners by investing a refundable amount of Rs 3 crores in business of authorized products & services having grocery and daily utility items.
Charge-sheet in case FIR number 96/2023, under section 420, 120-B IPC P/S EOW, Crime Branch, Jammu, was produced against Parshuram Rajnetbhai Pal of Shivalay Apartment, Sola Road Naranpura Ahmedabad, Gujarat.
The case stems its origin from a written complaint lodged by Sanna Gandotra, daughter of Sanjay Gandotra of Trikuta Nagar, Jammu and Sanjay Kumar Gupta, resident of Lane number 1, near KC Public School Paloura Jammu, who were approached by the accused to make a refundable investment of Rs 3 crores for business in terms of an agreement. As per the agreement, the accused persons would return Rs 12 lacs per month for 36 months to the complainants and also 4 percent of the net monthly billing of the Mart. However, the accused persons paid only an amount of Rs 12 lacs for two months and stopped paying the rest of the amount so agreed, thus putting the complainants to huge loss and later openly refused to pay back the aforesaid amount and threatened to eliminate them if they filed any case against the accused persons.
During the course of investigation, offences U/S 420, 120-B IPC were established against the accused Parshuram Rajnetbhai Pal for cheating the complainants. Meanwhile, investigation in the FIR continuous to establish role of others involved in the case.
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