Crime Branch Jammu has recovered misappropriated funds worth Rs 1.10 crore from an ex-employee of Jamkash Vehicleads.
According to a statement, issued to the news agency—Kashmir News Observer (KNO) SSP Crime Jammu Benam Tosh deputed a team of officers to Indore & Delhi and during in-depth investigation the team succeeded in recovering the funds.
The statement reads that On 19th of July 2022, a case FIR No. 118/2022 u/s 420,406, 408,109 IPC was registered at Police Station Channi Himmat Jammu on the written complaint of Executive Director Jamkash that an accused namely Sheraz Mir,then working as accountant at Jamkash had committed criminal breach of trust & cheating by transferring Rs 1.32 crore in his own bank accounts from the funds of Jamkash.
It added that he had invested the same amount for online betting. “The accused was arrested and around Rs 22 lakh were recovered with preliminary chargesheet against him filed by Jammu police for judicial determination.” It added that on 13th July, 2023 PHQ J&K transferred the case to Crime Branch (EOW) Jammu for in-depth investigation and accordingly CB started thorough probe.
“Recently, investigation of the case was speeded up and team of Crime Branch, thoroughly analysed the suspected bank accounts of the accused. Soon after further clues the team conducted raids at several premises in Indore & Delhi and succeeded in recovering entire amount of Rs 1.10 crore.” It further reads that with this huge recovery entire misappropriated amount of Jamkash Vehicleads has been recovered and further investigation is underway—(KNO)
