Excelsior Correspondent
JAMMU, Apr 8: Crime Branch Jammu has produced supplementary charge-sheet in multi-crore fraud by Rural Development Multipurpose Co-operative Ltd.
Supplementary charge-sheet was produced against Surjeet Singh, son of Raghubir Singh, the then Chairman-cum-Managing Director Rural Development Multipurpose Cooperative Ltd, Head office Talab Tillo, Jammu and his wife Jyoti Pawar, both residents of village Gatela, Gajansoo, Marh, in case FIR No. 13/2019 U/S 406, 420, 465, 467, 468, 471, 120-B RPC r/w Section 22 of Banking Regulation, Act 1949 for duping the gullible people of their hard earned money with illegal operations of taking cash deposits from the people in the name of Co-operative on the promise of providing higher rates of interests.
There was a written complaint in the Crime Branch Jammu by several complainants who had alleged that a Credit Society having registration number RCS/J&K/2095-CREDIT was taking cash from the people in the form of fixed deposit, recurring deposit, saving accounts and share capital.
During enquiry, the allegations were prima-facie substantiated and it was found that without having any valid permission/license from RBI and from Registrar Cooperative Societies J&K, the Society collected money from the general public and consequently cheated them. A large number of complaints of similar nature were also received against the accused during the course of enquiry and were clubbed together with the PV for probe.
Accordingly, a formal case was registered in P/S Crime Branch, Jammu against the accused. During investigation, it was found that the accused had sought permission for running the Co-operative Society by submitting forged documents and with the criminal intention he indulged illegally in operation of 72 such branches across five districts of Jammu province and kept on minting money from people with false promise of providing huge interest on the deposits. The accused being the Chairman cum Managing Director of the Co-operative (RDMLC) used to take all the cash from different branches of so-called Rural Development Multipurpose Co-operative Ltd without any accountability and diverted it for his personal use and gain. The accused also spent a large chunk of deposited money on outsourcing printing press for publishing two of his newspapers viz “Dainik State Sangam” and “Millan Times”. Besides this, he also managed to procure licence for sale of liquor. The investigation conducted so far has established involvement of the accused in duping the people of District Reasi and Udhampur to the tune of Rs 2. 93 crores.
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