10 chargesheeted in Rs 30.29 lakh investment fraud, fake resident certificate cases
The Jammu Crime Branch has chargesheeted 10 accused in separate investment fraud and permanent resident certificates forgery cases. The prosecutions spotlight alleged misuse of public records and unregulated investment promises in Jammu and Kashmir.
The Crime Branch has filed chargesheets against 10 people in two separate cases in Jammu, including an alleged Rs 30.29 lakh investment fraud linked to a Rajasthan-based company and a forgery case involving the alleged fraudulent procurement of permanent resident certificates, an official said on Sunday.
In the first case, the Economic Offences Wing of the Crime Branch has accused the company and its representatives of luring people to invest money by promising very high returns and then misappropriating the funds. In the second, the agency has alleged that forged revenue records were used in a conspiracy to obtain permanent resident certificates for buying land and securing government jobs in Jammu and Kashmir.
The investment fraud case was registered in 2011 under various sections of the Ranbir Penal Code after Ashish Sharma filed a written complaint at Gandhi Nagar police station in Jammu. He alleged that Messrs Gold Sukh Trade India Ltd, Jaipur, and its local representatives induced him to invest Rs 1,20,480 on false promises of high returns. The case was later transferred to the Jammu Crime Branch.
During the investigation, it emerged that many investors were persuaded to put a total of Rs 30.29 lakh into the company's schemes on the basis of false promises of high returns. The official said the company, though incorporated in Rajasthan, was not registered with SEBI, the RBI or the Registrar of Companies in Jammu and Kashmir.
Based on the evidence collected, the chargesheet was filed on Saturday before the court of the 13 FC Special Mobile Magistrate, Jammu, against company officials Manvendra Partap Singh Chouhan, Bablu Sharma, Mahendra Kumar Nirwan, Neeraj Kant Sharma and Vinod Kundal.
In the second case, the Economic Offences Wing filed a chargesheet in a case related to the alleged fraudulent procurement of permanent resident certificates on the basis of forged revenue records. The case was registered in 2016 under various sections of the Ranbir Penal Code and the Prevention of Corruption Act on a complaint by Surat Singh.
He alleged that the accused, in conspiracy with revenue officials, obtained fake permanent resident certificates to buy land and secure government jobs in Jammu and Kashmir.
The investigation found that Sarup Singh, Bishamber Singh, Purab Singh and Suraj Singh, in conspiracy with the then patwari Rashpal Singh, obtained the certificates by using forged revenue documents, the official said. A forensic examination confirmed that Rashpal Singh had prepared the revenue papers and that these were not genuine according to official records.
The chargesheet was filed on Saturday before the court of the Additional Sessions Judge, Jammu, for judicial determination.
The Crime Branch has filed chargesheets against 10 people in two separate cases in Jammu, including an alleged Rs 30.29 lakh investment fraud linked to a Rajasthan-based company and a forgery case involving the alleged fraudulent procurement of permanent resident certificates, an official said on Sunday.
In the first case, the Economic Offences Wing of the Crime Branch has accused the company and its representatives of luring people to invest money by promising very high returns and then misappropriating the funds. In the second, the agency has alleged that forged revenue records were used in a conspiracy to obtain permanent resident certificates for buying land and securing government jobs in Jammu and Kashmir.
The investment fraud case was registered in 2011 under various sections of the Ranbir Penal Code after Ashish Sharma filed a written complaint at Gandhi Nagar police station in Jammu. He alleged that Messrs Gold Sukh Trade India Ltd, Jaipur, and its local representatives induced him to invest Rs 1,20,480 on false promises of high returns. The case was later transferred to the Jammu Crime Branch.
During the investigation, it emerged that many investors were persuaded to put a total of Rs 30.29 lakh into the company's schemes on the basis of false promises of high returns. The official said the company, though incorporated in Rajasthan, was not registered with SEBI, the RBI or the Registrar of Companies in Jammu and Kashmir.
Based on the evidence collected, the chargesheet was filed on Saturday before the court of the 13 FC Special Mobile Magistrate, Jammu, against company officials Manvendra Partap Singh Chouhan, Bablu Sharma, Mahendra Kumar Nirwan, Neeraj Kant Sharma and Vinod Kundal.
In the second case, the Economic Offences Wing filed a chargesheet in a case related to the alleged fraudulent procurement of permanent resident certificates on the basis of forged revenue records. The case was registered in 2016 under various sections of the Ranbir Penal Code and the Prevention of Corruption Act on a complaint by Surat Singh.
He alleged that the accused, in conspiracy with revenue officials, obtained fake permanent resident certificates to buy land and secure government jobs in Jammu and Kashmir.
The investigation found that Sarup Singh, Bishamber Singh, Purab Singh and Suraj Singh, in conspiracy with the then patwari Rashpal Singh, obtained the certificates by using forged revenue documents, the official said. A forensic examination confirmed that Rashpal Singh had prepared the revenue papers and that these were not genuine according to official records.
The chargesheet was filed on Saturday before the court of the Additional Sessions Judge, Jammu, for judicial determination.
The Crime Branch has filed chargesheets against 10 people in two separate cases in Jammu, including an alleged Rs 30.29 lakh investment fraud linked to a Rajasthan-based company and a forgery case involving the alleged fraudulent procurement of permanent resident certificates, an official said on Sunday.
In the first case, the Economic Offences Wing of the Crime Branch has accused the company and its representatives of luring people to invest money by promising very high returns and then misappropriating the funds. In the second, the agency has alleged that forged revenue records were used in a conspiracy to obtain permanent resident certificates for buying land and securing government jobs in Jammu and Kashmir.
The investment fraud case was registered in 2011 under various sections of the Ranbir Penal Code after Ashish Sharma filed a written complaint at Gandhi Nagar police station in Jammu. He alleged that Messrs Gold Sukh Trade India Ltd, Jaipur, and its local representatives induced him to invest Rs 1,20,480 on false promises of high returns. The case was later transferred to the Jammu Crime Branch.
During the investigation, it emerged that many investors were persuaded to put a total of Rs 30.29 lakh into the company's schemes on the basis of false promises of high returns. The official said the company, though incorporated in Rajasthan, was not registered with SEBI, the RBI or the Registrar of Companies in Jammu and Kashmir.
Based on the evidence collected, the chargesheet was filed on Saturday before the court of the 13 FC Special Mobile Magistrate, Jammu, against company officials Manvendra Partap Singh Chouhan, Bablu Sharma, Mahendra Kumar Nirwan, Neeraj Kant Sharma and Vinod Kundal.
In the second case, the Economic Offences Wing filed a chargesheet in a case related to the alleged fraudulent procurement of permanent resident certificates on the basis of forged revenue records. The case was registered in 2016 under various sections of the Ranbir Penal Code and the Prevention of Corruption Act on a complaint by Surat Singh.
He alleged that the accused, in conspiracy with revenue officials, obtained fake permanent resident certificates to buy land and secure government jobs in Jammu and Kashmir.
The investigation found that Sarup Singh, Bishamber Singh, Purab Singh and Suraj Singh, in conspiracy with the then patwari Rashpal Singh, obtained the certificates by using forged revenue documents, the official said. A forensic examination confirmed that Rashpal Singh had prepared the revenue papers and that these were not genuine according to official records.
The chargesheet was filed on Saturday before the court of the Additional Sessions Judge, Jammu, for judicial determination.
