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| CB produces challan against man for duping investors on pretext of doubling money | | | Early Times Report
SRINAGAR, July 7: The Crime Branch (CB) of J&K Police on Wednesday produced a challan against a man, who allegedly duped people on the pretext of doubling their investment though a fake branch of a private company in south Kashmir district of Anantnag.
A police official said that the Crime Branch Kashmir produced Challan in Case FIR No 52/2005 U/S 420 RPC of Police Station CBK before the Court of District Mobile Magistrate Anantnag against Bashir Ahmad Kichloo, a resident of Dooru in Anantnag.
He said the case owes its origin to a written complaint received by Crime Branch Kashmir, wherein the complainant alleged that the management of private company Surbhi Agro Tech Limited Company with its Head Office at 296 Industrial Area Phase 1 Panchkula Haryana had opened its branch office at Anantnag in March 1998. The company collected huge amount from the investors, the complaint added.
However, he said in April 1999 the Company closed down its office at Panchkula Haryana and Anantnag Branch faced the same fate and thereby duped the investors of their hard earned money. A Case FIR No 52/2005 U/S 420 RPC was registered in Police Station Crime Branch Kashmir, he said.
He said during the investigation it surfaced that Kichloo had opened a fake branch office of the company at K P Road Anantnag. Under the garb of this fraud company, he lured innocent people for investment on the pretext that the company will repay double of the invested amount after three years of deposition, he said.
The accused collected huge amount of money from the innocent people. The investigation further revealed that complaint was made by Kichloo himself and the accused closed down its office in 1999 under the pretext that the company had closed down its main office, he said.
It also surfaced that in order to save himself from the clutches of law and to deviate the investors, Kichloo filed a complaint against the Surbhi Agro Tech Limited Company.
He said during the course of investigation it came to fore that a case is already registered against the management of Surbhi Agro Tech Limited Company in Police Station Panchkula Haryana. |
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