Charges framed in Dutta finance scam

Excelsior Correspondent
JAMMU, Sept 30: 1st Additional Sessions Judge Jammu, Bala Joyti today framed charges under Sections 406, 409, 420, 467, 468 & 120-B RPC against Gurbachan Dutta and his wife Bhajan Kour, who have flouted fictitious finance companies with different names in order to deceive the depositors of their hard earned money.
According to the challan presented by Crime Branch, the accused persons Harpal Singh, son of Gurbachan Singh Dutta of Nanak Nagar, Gurdeep Singh, son of Harnam Singh of Channi Himmat, Gurbachan Singh Dutta, son of Ravail Singh Dutta of Nanak Nagar and Bhajan Kour, wife of Gurbachan Singh Dutta, duped the innocent persons by way of fraudulent means.
A written complaint in this regard was lodged by one Joginder Singh with Police Station Gandhi Nagar alleging therein that a number of depositors of various districts of the State had deposited their hard earned money with “Dutta Financiers” Nanak Nagar. In the month of April 2011, when some depositors approached the finance company for payment of interest and even the deposited money for their personal use, the Directors and other officials of the company refused to pay the same.
The owners/Directors of the company namely Gurbachan Singh Dutta and his son Harpal Singh Dutta had been delaying the payment on flimsy grounds although they had a big fleet of petrol tankers and trucks running on Jammu-Leh road and even in Nepal through the younger son of Gurbachan Singh Dutta namely Amarjeet Singh.
It may be recalled that proceedings under Section 512 CrPC was already initiated by the Judicial Magistrate at the time of presenting challan against Harpal Singh, Gurdeep Singh and Amarjeet Singh.
While framing charges, the court observed, “you continued to change the nomenclature of these companies with the intention to defraud bonafide depositors of money in your companies which made them to part with their money regarding which you dishonestly and unlawfully benefited yourself and your partners/co accused persons in this case”.
“You continually changed the nomenclature of the different finance companies flouted by you and issued Fixed Deposit Receipts with the intention of cheating such bonafide depositors”, the court said.

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