Excelsior Correspondent
SRINAGAR, Aug 24: Crime Branch Kashmir today presented charge sheet against six accused of
fraudulently and dishonestly inducing the innocent people to deposit their money with their company and then subjecting them to huge monitory losses.
Charge sheet in case FIR No. 49/2001 was presented before the Court of Sub Judge Baramulla against accused namely Ab Qayoom Karimi of J T Road Khawajabagh Baramulla, Jernail Singh of H. No. 906 Sector 65 SAS Nagar Mohali Punjab Chandigarh, Nazir Ahmad Bhat of Rozabal Khanyar, Srinagar, Prabha Karan Pillatho of H.No 222, Sector 35-A Chandigarh (expired), Virender Kumar Kansal of H.No. 366 Sector 46 Chandigarh (expired) and Ghulam Mohammad Bhat of Peth Dialgam, Anantnag (expired), for the commission of offences U/S 420, 120-B RPC
The case was registered in P/S Baramulla on a written complaint from one Manzoor Ahmad Kumar of Town Handwara, who had deposited Rs one lash under Fixed Deposit Scheme in Ab Qayoom Karimi’s Endowment Plantation Ltd, for which he was assured to be paid double amount. After four years, the complainant went to accused for payment many times but he was dodged with various excuses.
During the investigation it got established that the accused persons mentioned in the challan, in pursuance of a criminal conspiracy in contravention the memorandum of association of the company, shifted to the business of banking which they were not legally entitled and thus paved a way for themselves to induce people on false promises that their money will be doubled in just 04 years and higher rates of interests will be paid to them on their deposits.
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