CB files charge-sheet in decade-old loan fraud case

STATE TIMES NEWS

JAMMU: The Special Crime Wing (SCW) of Crime Branch Jammu on Monday filed a charge-sheet in a decade old loan fraud case before the Court of Special Municipal Magistrate, Jammu.
The case FIR No. 07/2015 under Sections 420, 465, 466, 467, 468, 471 and 120-B RPC pertains to a loan fraud in which the complainant was allegedly duped by the accused on the pretext of arranging a loan at 0% interest.
According to a statement, the accused persons induced the complainant to deposit money and submit personal documents, including blank cheques, but neither arranged the promised loan nor returned the deposited amount.
During the course of investigation, it surfaced that the accused had floated a fake entity under the name “Future Club” and used multiple bank accounts and mobile numbers to lure and cheat innocent people. The investigation team collected financial transaction details, bank records, call detail records (CDRs), and other documentary evidence to establish the offences.
The investigation established offences against the main accused Gurab Kumar, while criminal conspiracy under Section 120-B RPC was also established against Mungal Singh (since deceased), Raj Kumar and Parveen Kumar.
As the case is more than a decade old, it was investigated by several Investigating Officers over time. Finally, Inspector Nisar Ahmed completed the investigation and presented the charge-sheet before the competent court for judicial determination.
SSP SCW Crime Branch Jammu, Sanjay Parihar, appealed to the general public to remain cautious and avoid falling prey to fraudulent schemes offering unrealistically low interest loans or unusually high returns on investments.
He, however, reiterated the Crime Branch’s commitment to bringing fraudsters to justice and protecting the public from financial crimes.