CB books de-facto top executive of Katra-based company for multi-crore fraud
Several businessmen duped of over Rs. 25 Cr
STATE TIMES NEWS
JAMMU: Crime Branch (CB) has booked de-facto top executive of Katra-based company and others for multi-crore fraud in which several businessmen have been duped of over Rs. 25 crore.
“A written complaint was received in Crime Branch (EOW) Jammu from Ravinder Kumar Gupta (Manager, Hind Agro Foods) Jammu wherein it was alleged that Rajeshwar Sabarwal, son of Sham Lal, resident of 122, Sector 1, near Gurdwara Channi Himmat, Jammu by hatching conspiracy with others committed fraud and cheating with him and misappropriated rice and pulses worth Rs. 4.30 Crore which he fraudulently received from the complainant on the pretext of supplying the same to Army,” CB official said.
“The accused gets supply of products from businessmen fraudulently on false assurance, makes certain payments for some short period to gain confidence and when receives huge products, abruptly stops the payments. He has committed similar nature of cheating with other reputed businessmen worth Rs. 20 crores to Rs 25 crores adopting the same modus-operandi,” official added.
The complainant stated that his firm Hind Agro Foods having office at Akhnoor Road, Barnai Jammu deals in grading, sorting and packing of basmati and non-basmati rice, pulses and other food items.
The accused Rajeshwar Sabarwal was introduced to the complainant by one Bharat Bhushan Gupta, a transporter who told the complainant that he knew Rajeshwar Sabarwal and he was a genuine person. Rajeshwar Sabarwal told that he is making all Army supplies and dealings in the name of his wife’s firm M/S A.K. Traders having registered office at Katra.
He sought to purchase rice and pulses worth Rs. 18.63 crores (approx.) for making supplies to Army at Bari Brahmana and Amritsar and promised that payment would be cleared by him within fifteen days of every bill. The accused Rajeshwar Sabarwal fraudulently received products worth Rs. 7,37,83,480.00 from the complainant’s firm between the period from 04-05-2024 to 28-05-2024, but made payment of Rs 3,07,66,400.00 only thereby causing wrongful gain of Rs. 4,30,17,080.00 to himself thereby committing offence punishable under law.
SSP Crime Jammu Benam Tosh confirmed that FIR 14/2025 has been registered at Police Station Crime Branch EOW Jammu, investigation is underway and some more victims of the big fraud are approaching the CB for action under law.
