Excelsior Correspondent
JAMMU, Apr 27: In a complaint filed by Securitrans India Pvt Ltd (SIPL) under Section 156(3) CrPC, Excise Magistrate Jammu Amarjeet Singh Langeh today directed the Crime Branch to investigate misappropriation of Rs 45 lakh.
In the complaint, it has been submitted that the company is engaged in providing Cash Management Services for commercial banks. The company covers about 700 ATMs of various banks like Punjab National Bank, HDFC, AXIS, SBI, Kotak Mahindra, ICICI in Jammu and Kashmir Region.
The complainant company replenishes cash as per bank requirement and for this purposes, the company had engaged some persons called Custodians. On March 13, 2015, company came to know from one of its clients namely Punjab National Bank that Custodian Sanjay Johar has defaulted by depositing less amount by Rs 35,00,000. Another shortage amounting to Rs 10,00,000 by Custodian Sanjay Johar by counter manipulation at field level was noticed in ATMs situated at Vinayak Bazar, Dogra Chowk and Satwari.
After hearing Advocate Frahan Mirza appearing for the complainant company, Excise Magistrate directed Crime Branch to investigate the matter.
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