JAMMU: Branch, Jammu on Tuesday registered a case against owner of 999 Gym, Manager Oriental Bank and others under Prevention of Corruption Act and various offences of fraud and forgery.
According to an FIR, Rameez Javed, son of Javed Iqbal, resident of Bathindi, Jammu filed a complaint in the Crime Branch alleging that he had entered into a partnership with 50 per cent share with one Sumit Pal Singh, son of Harpal Singh, resident of Satellite Colony, Bathindi, Jammu for carrying out the business of a gym under the name & style of 999 Fitness Studio at Shivaji Chowk, Nanak Nagar, Jammu.
He further alleged that a formal partnership deed was executed and registered, building was hired and a joint account was opened in the HDFC Bank Branch Nanak Nagar, Jammu from which Sumit Pal Singh withdrew an amount of Rs. 1.80 lakh fraudulently by forging his signatures.
It was further alleged that the accused also withdrew two cheques amounting to Rs. 25,000 each and like amounts totaling about Rs 20-25 lakhs in the same manner.
During the investigation, Crime Branch found that the complainant had invested a huge amount in the business and a formal partnership deed was also executed and registered.
However, the accused had withdrawn different amounts worth lakhs of rupees from the joint bank account of the business by forging the signature of the complainant and had misappropriated the same. It was also found that accused had also opened another account in the name of the Gym 999 Studio and Spa Sector 14 Nanak Nagar, Jammu by using the forged documents and Form-C of 999 Fitness Club Bypass Road Narwal, Jammu in connivance with the Branch Manager and other officials of the Oriental Bank of Commerce Branch Narwal, Jammu who, in sheer misuse of their official position had facilitated the same.
Accordingly a case was registered against Sumit Pal Singh, son of Harpal Singh, resident of Satellite Colony, Bathindi including bank manager and other officers of Oriental Bank of Commerce Branch Narwal, Jammu, for various offences punishable under Sections 420, 406, 467, 468, 471, 120-B RPC read with Section 5 (2) P C Act Svt. 2006.