Crime Branch (CB) Jammu on Friday registered a case against four persons who fraudulently swindled Rs 1.5 crores from people. A CB official said they received a written complaint from Muhammed Younis, son of Abdul Aziz, of Namlabal in Pampore; Asrar Ahmed, son of Ghulam Muhammed of Nowgam in Srinagar; Ayaz Ahmed son of Mushtaq Ahmed of Poonch and Mushtaq Ahmed Dar, son of Mohammed Bashir of Rajal Nowshera in Rajouri, alleging that Bhavya Gold Company set up its office in J&K in October 2017. “They launched a programme by conducting seminars at different hotels. The company motivated people to invest money and get bonus income after every 15 days and further told them to create network to get more bonus income,” said a statement. “As such the company collected Rs two crore approximately from J&K within three months via cash as well as bank transactions,” said the statement, quoting the complaint. The complainant alleged that whoever invested the money got their bonus well in time at the initial stage, but thereafter their bonus got stopped. “When the complainants and investors contacted the accused persons on phone, in response, they replied them that some software problem has occurred in their gadgets and they will get the money back soon,” said the statement.
“After some time, when the complainants approached the accused again, they were told that their company has suffered huge loss. Later on, when the complainants visited Balvinder Kumar’s resident at Kaithal in Haryana, he gave them five cheques of different dates and different amounts of 65 five lakh,” said the statement. The cheques could not be cashed owing to insufficient amount in the account of the accused, said the statement. “The accused cheated the complainants and others intentionally, deliberately and willfully with the prior criminal intention, not to return money received by them,” said the statement. It said on receipt of the complaint, a preliminary verification was conducted by the CB. During the course of enquiry, it was established that the accused Balwinder Kumar, Sushil Kumar, Deepak, and Sandeep Kumar had hatched a criminal conspiracy to cheat and extort money from the complainants and others. “The accused swindled Rs.1.5 crore approximately by unlawful and fraudulent means on the pretext of giving bonus income after every 15 days of investment of money in the company, M/S Swarn Bhav Gold Private Ltd. Thus, the commission of offences under section 420, and 120-B IPC against the accused persons were substantiated,” said the statement. In this connection, the statement said, a formal case has been registered and investigation initiated.
