Srinagar: The Crime Branch Kashmir on Wednesday produced charge sheet against a man from Anantnag for duping the investors of their hard earned money within one year before winding up the private company by him in April 1999.
A spokesman of the Crime Branch Kashmir said that the charge sheet was produced before Court of District Mobile Magistrate Anantnag against Bashir Ahmad Kichloo of Dooru Anantnag in connection with a case filed against him in 2005.
The spokesman said that case owes its origin to a written complaint received by Crime Branch Kashmir, wherein the complainant had alleged that the management of private company “Surbhi Agro Tech Limited Company” with its Head Office at 296 Industrial Area Phase 1 Panchkula Haryana had opened its branch office at Anantnag in March 1998.
The company, he said, collected huge amount from the investors. However, in April 1999 the Company closed down its office at Panchkula Haryana and Anantnag Branch faced the same fate and thereby duped the investors of their hard earned money, he said.
Accordingly a Case FIR No. 52/2005 U/S 420 RPC was registered in Police Station Crime Branch Kashmir, he said.
During the investigation, he said, it surfaced that Bashir Ahmad Kichloo had unauthorizedly opened a Branch Office at K.P Road Anantnag and under the garb of this fraud company, he lured innocent people for investment on the pretext that the company will repay double of the invested amount after three years of deposition. And as such collected huge amount from the innocent people, he said.
“The investigation further revealed that complaint was made by Bashir Ahmad Kichloo itself and the accused closed down its office in 1999 under the pretext that the company had closed down its main office.”
It also surfaced during the investigation that in order to save himself from the clutches of law and to deviate the attention of investors Kichloo came up with complaint against the Surbhi Agro Tech Limited Company, the spokesman said.
“Pertinent to mention, during the course of investigation it came to fore that a case is already registered against the management of Surbhi Agro Tech Limited Company in Police Station Panchkula Haryana.” (Agency)
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