STATE TIMES NEWS
JAMMU: In a petition filed by Forum of Investors in Online Bike Boat Scheme who were duped of financial investment made by them in response to an offer made by the M/s Garvit Innovative Promoters Limited (Bike Boat) Company located at Plot No 1, village Chiti, District Gautam Buddha Nagar, Uttar Pradesh, Noida (UP), alleged to be run and managed by respondents as Directors and all of them being the residents of UP, the Court directed CBI, ACB Ghaziabad to register FIR in scam.
Justice Rahul Bharti of Jammu & Kashmir High Court, after hearing Adv Anuj Dewan Raina, observed that the Court in recognition of fact that an alleged act of crime, and which too is of nature of the financial fraud, needs an investigation and cannot suffer delay for even getting registered at the instance of aggrieved person(s). “Court directs that in event of Suresh Kumar Bhat, son of Lambodar Bhat, resident of HNo 308, Sec-3, Extension Vasant Vihar, Trikuta Nagar, being representative of the Forum of Investors in online Bike Boat Scheme, approached Central Bureau of Investigation (CBI), Anti-Corruption Bureau (ACB) Ghaziabad with a complaint, his compliant be diarized as FIR by CBI and ACB Ghaziabad so as to undertake and proceed ahead with the investigation in the matter as being done in cases of identical nature,” the Court observed. The nature of criminal fraud allegedly suffered by individuals at hands of M/s Garvit Innovative Promoters Limited (Bike Boat) Company had come forward with an advertisement in public domain offering a scheme inviting public to invest an amount of Rs. 62,100 as price of one bike with respondent returning an amount of Rs 5,175 to investor, on monthly basis, for a period of one year plus crediting an amount of Rs 4,590 to investor as a rental income of bike. It is in this scenario that number of duped investors got together to act as a forum in name of petitioner for the purpose of pursuing a legal battle to book the wrong-doers.
