Crime Branch Jammu booked Managing Director/Directors of Finance
Company viz Vikas Mahajan & Lokesh Mahajan both sons of Late Bal Krishan Mahajan
R/O Gurha Bakshi Nagar, Jammu by registering a formal criminal case against them
under relevant provisions of law for their involvement in running fraudulent companies
i.e. M/S Samridhi Finance Limited, S.K. Business Corp and Mahajan Co. and after
hatching criminal conspiracy duping the gullible investors by fraudulent means of their
hard earned money.
A written complaint was lodged by Sh. D. K Gupta S/O Late Sh. Krishan Lal
Gupta R/O Tara Vihar Plot No. 13, Lane No. 1, Behind Soap Factory, Paloura, Jammu in
Crime Branch Jammu through Reserve Bank of India (RBI) against Managing
Director/Directors of Finance companies i.e., Samridhi Finance Limited , S. K Business
Corp. and Mahajan & Co., alleging therein that they are running these companies by
fraudulent means and were duped of large sum of money. The Reserve Bank of India
further informed that out of three companies only M/S Samridhi Finance Ltd was
previously registered with Reserve Bank of India, the company was not entitled to
accept public deposits, the registration Certificate of the company was subsequently
cancelled. Moreover S.K Business Corporation and Mahajan & Company are not
registered with the Reserve Bank of India and are not authorized by the Reserve Bank
of India for accepting public deposits. As per procedure a preliminary verification was initiated by Crime Branch
Jammu. During the course of enquiry record/information was obtained from the
concerned quarters and it has been prima-facie substantiated that the suspects Vikas
Mahajan and Lokesh Mahajan have hatched criminal conspiracy in connivance with
each other and created M/S Samridhi Finance and S.K Gupta Company in order to dupe
the hard earned money of the complainant for their personal wrongful gain and
corresponding wrongful loss to complainant. The omissions and commissions,
therefore, on the part of Managing Directors of the above named Finance Companies
prima facie, constitute offences punishable U/S 420, 120 RPC and a formal case is
registered in P/S Crime Branch, Jammu against the above mentioned accused persons
for in depth investigation.
