Excelsior Correspondent
JAMMU, Mar 20: Crime Branch Jammu today produced preliminary charge-sheet against Kim Future Vision Services Ltd/Kim Infrastructure and Developers Limited for illegally receiving cash deposits from the general public as a Non-Banking Financial Company.
Charge-sheet was produced against accused Ravinder Singh Sidhu R/o 1311-A Hemkunt House, 6 Rajinder Palace New Delhi, Palvinder Singh R/o Gali Angrez Singh Walia Mohalla Nanaksar Taran, Sukhpal Brar R/o Giddarbaha Mukhtasar, Umeshwar Jha R/o E-369, Delta-1, Noida UP, Kanchan Kumar Dutta R/o 137 Panchwati Apartments, Tilak Nagar Delhi, Lekh Raj R/o H.No.121 Muhal Baneradhi-101, Sub Tehsil Dharmpura Distt. Mandi Himachal Pradesh, Vinod Kumar Raina R/o Lower Muthi Gajansoo Road, Muthi, Rajesh Peshin R/o H No 427 Coln. Colony Jammu, in case FIR No.12/2017 U/S 420/RPC P/S Crime Branch Jammu.
The case owes its origin to a written complaint from A K Mattu, Deputy General Manager, Reserve Bank of India (RBI), Department of Non-Banking Supervision, Rail Head Complex, alleging that a company under the name & style Kim Future Vision Services Ltd/Kim Infrastructure and Developers Limited, situated at Vivekananda Chowk, near Ghumat, Jammu, was reportedly engaged in deposits and taking activities under the garb of a Certificate of Registration issued by the RBI, Regional Office, Chandigarh in the name of Kim Investments Limited, Chandigarh.
On receipt of the complaint, a preliminary enquiry was conducted in Crime Branch, Jammu in which it was found that the company – Kim Infrastructure and Developers Limited was registered with the Registrar of Companies, NCT-Delhi and Haryana at New Delhi and its objective was to raise infrastructure but had no authority to collect the deposits from the public and the company Kim Investments Ltd was registered with the RBI as an ‘A’ category NBFC and was authorized to collect deposits only within the state of Punjab. The omissions and commissions on the part of the company prima facie, constituted offences punishable under Section 420, 406, 120-B RPC. Accordingly, instant case was registered.
During investigation computers of the company were seized and other material evidences were collected which proved that these accused have committed criminal breach of trust with their common and criminal intention by hatching a well knitted criminal conspiracy, as such causing wrongful loss to general public and some of their employees and thereby causing wrongful gain to themselves.
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