Excelsior Correspondent
JAMMU, July 25: Crime Branch, Jammu today presented the first chargsheet in the infamous Vikrant Finance Company Scam before the Court of Chief Judicial Magistrate, Rajouri.
According to SSP Crime Branch Jammu, Mubassir Latifi, this is the first chargesheet in the case presented against two accused namely Kewal Koul and Kamal Gupta and so far Rs 98,49,000 have been recovered and seized by Crime Branch Jammu. He said the investigation of the case will continue and next chargesheet would be presented after the arrest of other accused and recovery of remained duped money.
It may be recalled that case FIR No.19/2014 U/S 420, 406, 409, 467, 468, 471, 120-B, RPC was registered in P/S Crime Branch, Jammu on the basis of a complaint received through RBI in Crime Branch, Jammu wherein the complainant had alleged that a company in Rajouri under the name and style of “Vikrant Finance Company” was duping innocent depositors of their hard earned money running in crores of rupees.
The company was flouted by the accused persons namely Kewal Koul of Ward Number 7 Rajouri, Kamal Kumar Gupta of Ward Number 12 Rajouri, Rakesh Kumar of Ward Number 9 Rajouri and Ashwani Kumar of Ward Number 7 Rajouri under a notion that the same was registered with the RBI and with the Registrar of Companies etc. It was alleged that company started accepting deposits from the public after alluring them of high rate of interests and also advanced loans to different borrowers but when the company turned defaulter and bankrupt, the accused persons started harassing the borrowers and the depositors on one pretext or the other and closed their establishments after duping the innocent depositors of their hard earned money running in crores.
During the course of investigation, it was found that the finance company had no authorization/ registration from the Reserve Bank of India for accepting deposits and it duped innocent people of their hard earned Rs 8, 83, 03,977.
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