Crime Branch files chargesheet Financial fraud case of Mendhar
Published on
Srinagar, July 20 (RNA): Crime Branch files chargesheet against six accused persons namely Tariq Mehmood s/o Mohammad Aziz r/o Chhungan Mendhar, Zaffar Iqbal s/o Nizam-din r/o village Salwa Mendhar, Zaheer Abbas s/o Tasveer Hussain r/o Chhungan Mendhar, Imtiaz Ahmad s/o Mohammad Aziz r/o Chhungan, Murtaza Ahmad s/o Mohammad Bashir r/o Chak Banola and Shazia Kounsar w/o Tariq Mehmood r/o Chhungan Mendhar before the court of Hon’ble JMIC Mendhar. All the six accused persons are presently in judicial custody.
The case pertains to huge financial fraud committed by a non-banking financial company in the name and style of Hables-e-Commerce Pvt. Ltd run by the above mentioned six accused persons. They made un-reasonable assurances to the investors regarding pay back of double the invested amount within a period of one month. Some influential persons of the area including, but not limited to the accused influenced the locals of the area to invest in the said company. In the succeeding months huge amounts were deposited by the people of districts Rajouri and Poonch with the company. However, the accused persons went underground after collecting huge amount of money.
The case was initially registered vide FIR No.70/19 under section 420 RPC at P/S Mendhar and was subsequently transferred to Crime Branch considering the public importance and the amount of money involved.
During investigation by Crime Branch, the above mentioned six suspected persons were arrested and the property and cash worth Rs. 1.5 crore approximately was seized. Besides, eight shops worth approximately Rs.1.00 crore were also attached. The bank accounts of the accused persons were frozen. Investigation by the crime branch has proved the offences pertaining to criminal conspiracy and cheating by the accused persons.
Further investigation of the case is in progress to identify and prosecute the other persons who were partners in the crime. (RNA)