Sumit Sharma
Early Times Report
jammu, Feb 15: Non-banking finance companies (NBFCs) go unchecked in Jammu and Kashmir following which Reserve Bank of Indian (RBI) lodged its resentment to the Chief Secretary B.R Sharma and Crime Branch Jammu, state's premier investigation agency of state.
However, taking the cognizance of the report , the Crime Branch Jammu started crack down on such finance companies and booked a Delhi and Haryana based NBFC for duping investors.
Highly placed sources giving information said that the NBFC's repeated violations in shape of indulgence in deposit activities attracted RBI's concern following which a meeting of an apex committee comprised of Chief Secretary B.R. Sharma, IGP Crime Branch Muneer Khan and RBI officers was held few days ago.
Sources further said that the NBFC running in the name and style of Kim Future Vision Services Ltd., Kim Infrastructure and Developers Limited situated at Vivekananda Chowk, near Gummat, Jammu, was booked u/s 420A06,120-B RPC in P/S Crime Branch following the complaint lodged by A.K. Manu, Deputy General Manager, Reserve Bank of India (RBI), Department of Non-Banking Supervision, Rail Head Complex. CB also booked Vinod Kumar Raina, Divisional Manager and Rajesh Peshin, Manager of the NBFC.
As per complaint “Kim Future Vision Services Ltd./Kim Infrastructure and Developers Limited, situated at Vivekananda Chowk, near Gummat, Jammu was reportedly engaged in deposit taking activities under the garb of a Certificate of Registration issued by the RBI, Regional Office, Chandigarh in the name of Kim Investments Limited, Chandigarh, as such, the matter may be inquired discreetly".
During the course of inquiry Crime Branch found that the company Kim Investments Ltd. was registered with the RBI as an 'A' category NBFC but was authorized to collect deposits only within the state of Punjab. The company Kim Infrastructure and Developers Limited was found registered with the Registrar of Companies, NCT-Delhi and Haryana at New Delhi and its objective was to raise infrastructure etc. but it had no authority to collect the deposits from the public. Further, CB also came to know that Kim investments Ltd. had no association with Kim Future Vision Services Ltd. or Kim Infrastructure and Developers Limited but the certificate of registration was being misused as the directors of these fake companies had access to the said certificate and that the company through one Vinod Kumar Raina, Divisional Manager and Rajesh Peshin, Manager, by resorting to deceitful and fraudulent means had taken/received deposits from innocent depositors of Jammu amounting to crores of rupees after alluring them repayment of high rate of interest and deposited/transferred the collected amounts in account bearing No. 023805002944 maintained in ICICI Bank, Branch Amritsar, thereby cheating and misappropriating the hard earned money of depositors in furtherance of a criminal conspiracy. |
