JAMMU, Sept 26: Crime Branch (CB) Jammu has registered a criminal case against a man for cheating, fraud and embezzlement worth lakhs of rupees in a joint business.
Acting on a written complaint lodged by Atul Mahajan son of Shakti Mahajan, resident of A/4 Bharat Nagar Bantalab (Jammu) in Crime Branch Jammu, that his wife, his mother and the accused Mahesh Chander had started a partnership business under the name and style of M/s Adil Traders at Satwari, Jammu.
“The business of the partnership concern was carried on by Mahesh Chander and after the demise of my wife, I joined the partnership business but the business was carried on and the joint bank account of the firm was being operated upon almost all the time by the accused partner alone,” he said in the complaint.
The complainant said that on 09-09-2016 the accused left the business of the partnership concern without informing any of the partners and when they checked the stocks and accounts, the stock was found almost empty except and an amount of Rs 2,97,431.74 existing in the accounts was embezzled.
He also alleged that the accused had floated a business concern in his own name under the banner of M/s Dinesh Trading Company and fraudulently transferred an amount of Rs 12, 11,222 from the account of M/s Adil Traders.
Taking cognizance into the matter, a preliminary verification was conducted by Crime Branch, Jammu and documentary evidence established prima facie that accused Mahesh Chander has withdrawn huge amount from the account of M/s Adil Trading Company without the consent of other partners by way of breach of trust.