Jammu: The Crime Branch of J&K Police on Thursdayfiled a chargesheet in a local court against six individual accused of deceiving investors, leading to a loss of over Rs 60 lakh. The investors were induced to invest in a Haryana-based private company back in 2017.
The 1266-page chargesheet was filed by the economic offences wing of Crime Branch, Jammu against six affiliates of SwarnBhavya Gold Pvt Ltd, including its Managing Director Balwinder Kumar of Haryana, under various sections of the Indian Penal Code, a spokesperson of the agency said. A case on the matter was registered in 2020.
The official said the accused hatched a criminal conspiracy to induce the complainants and other people to invest their money in the company by promising to provide bonus income on their deposits after every 15 days and additional bonus income on creating a network of depositors.
Others chargesheeted in the case are Sushil Kumar, Sandeep Kumar, Deepak Singh – all residents of Haryana, Saphali Singh of New Delhi and Manveer Singh of Punjab, the spokesperson said.
A written complaint lodged in Crime Branch, Jammu by MohdYounis of Pulwama, Asrar Ahmed of Srinagar, Ayaz Ahmed of Poonch and Mushtaq Dar of Rajouri has alleged that the accused came to J&K in October 2017 and conducted seminars at different hotels to get people to invest money in the company, the official said.
People were assured that the company is genuine and registered with the Reserve Bank of India, the spokesperson said, adding the company collected huge amounts from local residents within three months.
After police received the complaint, a preliminary verification was conducted and allegations of cheating and fraud were prima facie substantiated, leading to the registration of a formal case under relevant sections of law for in-depth probe, the official said.
