Excelsior Correspondent
JAMMU, Mar 16: The Special Crime Wing (SCW) of the Crime Branch Jammu has filed a charge-sheet in a loan fraud case registered in 2015 before the Court of Special Municipal Magistrate, Jammu.
The case was registered under sections 420, 465, 466, 467, 468, 471 and 120-B RPC after a complaint alleging that the accused had cheated a person on the promise of arranging a loan at zero percent interest.
Quoting the investigation part, a Crime Branch official said the accused allegedly persuaded the complainant to deposit money and submit personal documents, including blank cheques, claiming that a loan would be arranged.
However, neither the loan was arranged nor the deposited money was returned, he said.
The Crime Branch official said the accused had created a fake entity under the name “Future Club” and used different bank accounts and mobile numbers to target and cheat people.
During the probe, he said, investigators examined bank records, financial transactions, call detail records and other documents which helped establish the alleged fraud.
According to him, the investigation established the involvement of the main accused, Gurab Kumar. The role of Mungal Singh (since deceased), Raj Kumar and Parveen Kumar also surfaced in connection with criminal conspiracy, he said.
He further said the case remained under investigation for several years and was handled by different Investigating Officers.
He said the probe was finally completed by Inspector Nisar Ahmed, who submitted the charge-sheet before the court for further legal proceedings.
Meanwhile, the SSP Special Crime Wing, Sanjay Parihar, urged people to remain cautious about schemes promising loans at extremely low interest rates or unusually high financial returns, and advised the public to verify such offers before making any payments.
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