Chargesheet filed against man in Rs.10-crore fraud case
Jammu, July 1 -- Crime branch Jammu on Tuesday filed a chargesheet against a man for allegedly duping two brothers of Rs.10 crore by claiming to have secured an army contract and using a forged supply order to obtain bank credit facilities, officials said.
The accused have beenidentified as Puneet Rasutra of Rehari.
A case under section 420, 471, 201 RPC was registered on the complaint of Munish Bhatia, a resident of Canal Road, Jammu, who alleged that the accused induced him and his brother to mortgage their property as collateral security for availing bank loans by falsely claiming to have secured an army contract worth approximately Rs.16 crore.
The accused allegedly produced a forged supply order purportedly issued by 107 Engineer Regiment, C/o 99 APO, to obtain an additional overdraft facility of Rs.4 crore from J&K Bank, Trikuta Nagar Branch.
Investigation conducted by Crime Branch established that the purported army supply order was fake and forged, as the concerned army authorities confirmed that no such work order had ever been issued. The complainant and his brother reportedly suffered a loss of about Rs.10 crore and had to liquidate the outstanding liabilities to get their mortgaged property released.
The investigation further revealed that the accused, acting in furtherance of a criminal conspiracy, used forged and fabricated documents to fraudulently obtain huge credit facilities, thereby causing huge wrongful loss to the complainant and the bank....
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