Jammu, Mar 19: The Crime Branch, Economic Offenses Wing (EOW), Jammu, Tuesday recovered misappropriated funds amounting to Rs 1.10 crore from a former employee of Jamkash Vehicleades Pvt. Ltd.
One individual has been apprehended in connection with the case.
SSP Crime Jammu, Benam Tosh, directed a team of highly skilled officers from the Crime Branch (EOW) Jammu to Indore and Delhi. After meticulous investigation, the team managed to retrieve the embezzled funds.
The case originated on July 19, 2022, with FIR No. 118/2022 registered at Police Station Channi Himmat Jammu.
It was based on a complaint from the Executive Director of Jamkash Vehicleads Pvt. Ltd., alleging criminal breach of trust and cheating by the accused, Sheraz Mir.
Mir, who was employed as an Accountant at the company, allegedly transferred Rs 1.32 crores to his personal bank accounts and further used the funds for online betting. Subsequently, Sheraz Mir was arrested, a portion of the misappropriated amount was recovered, and a preliminary charge sheet was filed.
On July 13, 2023, the case was transferred to the Crime Branch (EOW) Jammu by PHQ J&K for a comprehensive investigation. The recent acceleration in the investigation led to the thorough analysis of the accused’s bank accounts. Following further leads, the Crime Branch team conducted raids in Indore and Delhi, resulting in the recovery of the remaining misappropriated amount totaling Rs 1,10,00,000.00.
