Man charge-sheeted for duping investors: Crime Branch
Srinagar: The Crime Branch Kashmir has produced charge-sheet against a man who allegedly duped people on the pretext of doubling their investments after unauthorisedly opening a branch of a private company in southern Anantnag district, officials said today.
The Crime Branch Kashmir (CBK) produced charge-sheet in case registered some 15 years ago, against one Bashir Ahmad Kichloo, son of Ali Mohammad Kichloo of Dooru Anantnag, presently residing at Bagh-e-Mehtab Srinagar, in the Court of District Mobile Magistrate Anantnag, spokesman of CBK said in a statement.
He said the case owes its origin to a written complaint received by CBK, in which the complainant had 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 a huge amount from the investors. However, in April 1999 the Company closed down its office at Panchkula Haryana and Anantnag branch also faced the same fate and thereby duped the investors of their hard-earned money. Accordingly a case (FIR No. 52/2005 U/S 420 RPC) was registered in Police Station Crime Branch Kashmir,” said the statement.
During the investigation it surfaced that Kichloo had unauthorizedly opened a Branch Office at K.P Road Anantnag and 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 collected huge amounts from the innocent people,” said the statement.
The investigation further revealed that the complaint was made by Kichloo itself and the accused closed down its office in 1999 under the pretext that the company had closed down its main office, said the spokesman.
“It also surfaced during the investigation that in order to save himself from the clutches of law and to deviate the attention of investors, Kichloo came up with a complaint against the Surbhi Agro Tech Limited Company.”
Pertinently, a case is already registered against the management of Surbhi Agro Tech Limited Company in Police Station Panchkula Haryana.