Jammu, Dec 28: The economic offences wing of crime branch Jammu on Thursday filed a chargesheet against six persons for duping investors of over Rs 60 lakh after inducing them to invest in a private company.
As per the Communication feom SSP Crime Branch Jammu, a chargesheet was filed by the economic offences wing of Crime Branch, Jammu against six affiliates of Swarn Bhavya Gold Pvt Ltd, including its Managing Director Balwinder Kumar of Haryana, under various sections of the Indian Penal Code.
The accused hatched a criminal conspiracy to induce the complainants and other people to invest their money in the company by promising to provide bonus income on their deposits after every 15 days and additional bonus income on creating a network of depositors.
The investors were induced to invest in the comapany in 2017 and a case on the matter was registered in 2020, it added.
The communication said that others chargesheeted in the case are Sushil Kumar, Sandeep Kumar, Deepak Singh all residents of Haryana, Saphali Singh of New Delhi and Manveer Singh of Punjab.
A written complaint lodged in Crime Branch, Jammu by Mohd Younis of Pulwama, Asrar Ahmed of Srinagar, Ayaz Ahmed of Poonch and Mushtaq Dar of Rajouri has alleged that the accused came to J&K in October 2017 and conducted seminars at different hotels to get people to invest money in the company, it said.
People were assured that the company is genuine and registered with the Reserve Bank of India, it said, adding the company collected huge amounts from local residents within three months.
After police received the complaint, a preliminary verification was conducted and allegations of cheating and fraud were prima facie substantiated, leading to the registration of a formal case under relevant sections of law for in-depth probe, the communication added.
