CB arrests medical employee in fraud case

Mendhar public duped of Rs 300 cr by Pvt Company
Excelsior Correspondent
POONCH, May 27: Crime Branch team from Jammu conducted raid in the houses of a medical employee in Mendhar area and seized record connected with fraud committed by a private Finance company, Hablus, whose employees/ agents have gone underground with public money worth over Rs 300 crores.
Official sources said that a team of Crime Branch from Jammu led by an officer of the rank of DSP along with a Magistrate conducted raid in the house of Medical employee ( Pharmacist), Tariq Mehmood at Chhunga village in Mendhar last night and arrested him. He is posted in Reasi district and had come home on Saturday. The police received information and nabbed him. The team also seized record pertaining to public investments and private finance company documents from his possession.
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It was alleged that Tariq was actively working with the company representatives despite the fact that he is Government employee. Not only he, but some of his family members and relatives also deposited huge money of the people of that area with the company officials, promising double money in one month. Lured by the scheme of double money after one month, many Govt employees, mostly teachers, some police personnel, and even a few noted politicians of the area got their money invested and some people got double money initially. They were operating for the last about 9 months.
The police investigations revealed that the company had initially given benefit to many influential people of the area including some cops. The company people were summoned to local police station once initially but later they were let off and allowed to carry on with their illegal finance business.
Under the nose of local Administration and Police, this illegal activity went on for nine long months then on one fine night hardly a month ago, the company officials went underground putting lock on their office. The duped and shocked investors then rushed to the Police Station and lodged FIR. They started revealing about investment. The District police then handed over the case to Crime Branch.
SP Crime Jammu, Mushtaq Choudhary said that main people connected with the fraud have gone underground. Tariq Mehmood was closely associated with them and is responsible for luring and duping many innocent people of Mendhar area. He has been arrested. Some record has also been seized and the investigation was in progress.
SP further said that the team led by a DSP Crime was still at Mendhar and some more details about the investors, quantum of total money involved, major beneficiaries etc would come to light shortly.