Excelsior Correspondent
JAMMU, June 24: Crime Branch Jammu has booked partners of North India Credit Co-operative Development Corporation Ltd (NICCDC) and one Rakesh Kumar of Dabhlehar R S Pura for duping people on the pretext of providing them jobs.
Under a well planned criminal conspiracy, Rakesh Kumar son of Sham Lal of Dabhlehar R S Pura had committed the fraud by cheating a number of innocent depositors by receiving their hard earned money as saving in the fixed recurring deposits in the account of NICCDC by assuring them jobs in the said company and in the process had duped them of their hard earned money to the tune of Rs 21,09,500.
The case was initiated on the complaint of A K Matoo, General Manager Reserve Bank of India who alleged that NICCDC situated at 152 Shastri Nagar Jammu claiming to be the branch of NICCDC with head office Bara Khamba New Delhi was making unauthorized collection of deposits by offering the saving fixed deposits and recurring deposit account facilities to the customers, which are normally offered by the banks as per RBI guidelines.
The Crime Branch investigations established that a number of persons deposited different amount ranging from Rs 1500 to Rs 5000 per month in the account of NICCDC.
After completion of inquiry, the Crime Branch registered a case under the relevant sections of law against the accused persons for further investigations.
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