MT News Service
Jammu, March 14:
Crime Branch Jammu registered FIR against (1) Balwinder Kumar S/o Deep Chand R/o H.No.230 Near Patwar Khana Siwan Kaithal Haryana, (2) Sushil Kumar S/o Kashmeeri Lal R/o Near Old Water Tank Siwan Kaithal Haryana, (3) Deepak R/o Kaithal Haryana and (4) Sandeep Kumar R/o Kaithal Haryana for cheating & fraud for swindling of hard earned money of complainants & others to the tune of Rs.1.5 Crores approximately by unlawful & fraudulent means on the pretext of giving bonus income after every 15 days of investment of money in the company M/S Swarn Bhav Gold Private Ltd.
A written complaint was lodged by the complainants namely (1) Mohd Younis S/o Abdul Aziz R/o Namlabal Pampore, (2) Asrar Ahmed S/o Ghulam Mohd R/o Nowgam Srinagar, (3) Ayaz Ahmed S/o Mushtaq Ahmed R/o Poonch J&K, (4) Mushtaq Ahmed Dar S/o Mohd Bashir R/o Rajal Nowshera Rajouri wherein they alleged that Bhavya Gold Company came to J&K in the month of October-2017 and launched a programme by conducting the seminars at different Hotels in J&K. The said company motivated the public to invest money and get bonus income after every 15 days and further told them to create network and will get more bonus income, as such the company collected Rs. 2.00 Crores approximately from J&K state within three months via cash as well as bank transactions. The complainants and others whoever invested the money got their bonus well in time at the initial stage, but thereafter their bonus got stopped. When the complainants and investors contacted these accused persons on phone, in response, they replied them that some software problem has erupted in their gadgets and when their software problem gets solved they will return their money back. After some time, when the complainants approached the accused persons they were told that their company has suffered a huge loss. Later-on when the complainants visited Balvinder Kumar’s resident at Kaithal Haryana, he gave them five cheques of different dates and different amounts of sixty-five lakhs. When the cheques were presented in the concerned bank for withdrawal of money by the complainants there was insufficient amount in the account of these accused persons. These accused persons have cheated the complainants and others intentionally, deliberately & wilfully with the prior criminal intention, not to return money received by them.
On receipt of instant complaint, a preliminary verification was conducted by Crime Branch Jammu. During the course of enquiry, it was established that the accused (1) Balwinder Kumar (2) Sushil Kumar (3) Deepak (4) Sandeep Kumar have hatched a criminal conspiracy to cheat and extort money from the complainants & others and they have swindled an amount of Rs.1.5 Crores approximately by unlawful & fraudulent means on the pretext of giving bonus income after every 15 days of investment of money in the company M/S Swarn Bhav Gold Private Ltd. Thus commission of offences under section 420, 120-B IPC against said accused persons were substantiated.
In this connection, a formal case FIR has been registered in Crime Branch Jammu and investigation initiated.
