MT News Service
Jammu, September 26:
Crime Branch Jammu registers a criminal case against accused Mahesh Chander S/O Sh. Shri Ram R/o 19/8 Trikuta Nagar, Jammu, for cheating, fraud & embezzlement worth lacs of rupees of a joint business of M/S Adil Traders Satwari. A written complaint was lodged by Atul Mahajan S/O Shakti Mahajan R/O A/4 Bharat Nagar Bantalab, Jammu in Crime Branch, Jammu, alleging inter-alia therein that initially his wife, his mother and accused – Mahesh Chander had started a partnership business of C&F (Clearing and Forwarding) and distribution of edible oils and Vanaspati in the name & style of M/S Adil Traders at Satwari, Jammu. The business of the partnership concern was carried on by said Mahesh Chander. The complainant after the demise of his wife joined the partnership business but the business was continued /carried on by the accused Mahesh Chander. A fresh reconstituted partnership deed was registered to this effect. The accused carried on the business of the firm exclusively and the joint bank account of the firm was also being operated upon almost all the time by the said accused partner alone. On 09-09-2016 the accused left the business of the partnership concern without informing any of the partners. The complainant tried to locate him but could not, who is still underground The complainant checked the stocks and accounts but the stock was found almost empty except for the damaged goods, besides the accused committed a fraud of an amount of Rs. 2,97,431.74/- existing in the accounts. The stock worth Rs.12,25,676.74/-was existing as per accounts but the same was also misappropriated by the accused partner and only the damaged stock worth Rs. 75,000/- was lying. The complainant also alleged that the accused had floated a business concern in his own name under the banner of M/S Dinesh Trading Company and fraudulently transferred an amount of Rs.12, 11,222/- from the account of M/S Adil Traders, besides purchasing goods worth Rs.4,02,350/- from the Gujarat Ambuja Company on the basis of goodwill of M/S Adil Traders but did not make the payment of the said amount. Further the accused also misappropriated the stock worth Rs. 2,60,000/- of M/S Gujarat Ambuja from the stock of M/S Adil Traders.
Taking cognizance into the matter, a preliminary verification was conducted by Crime Branch, Jammu. Documentary evidence established prima facie that accused Mahesh Chander was a business partner of M/S Adil Traders and handling the business of the said company, who has withdrawn huge amount from the account of M/S Adil Trading Company without the consent of other partners by way of breach of trust.
A formal case has been registered in P/S Crime Branch, Jammu against the accused person and investigation initiated
