Rs 1.88 Cr chit fund fraud case | 2 women cops charge-sheeted by CB Jammu

 Rs 1.88 Cr chit fund fraud case | 2 women cops charge-sheeted by CB Jammu

The Economic Offences Wing– Crime Branch (CB) Jammu has produced charge-sheet in a court against two accused women cops in `1.88 crore chit fund fraud case.

According to a press release, the charge-sheet has been produced against senior grade constables, Nirmal Kour Saini wife of Mohinder Singh resident Kol Kalan Bishnah, Jammu and Arti Sharma wife of Sunil Sharma resident of Ghara Sotra Hira Nagar in the court for judicial determination for hatching criminal conspiracy and cheating the complainant along with other co-employees of IRP 15th Battalion of `1,87,64,000.00 after luring them on the pretext of hefty returns for investing money and gold with them.

“The case stems its origin from an enquiry report forwarded by Commandant IRP 15th Bn Jammu through IGP Armed/IRP, Jammu Zone, Jammu to Crime Branch, Jammu. It revealed that written complaints came to be filed by Women Constables of IRP 15th Battalion to the effect that accused Nirmal Kour of IRP 15th Battalion had taken an amount of Rs one lakh each from them fraudulently on the pretext that she would repay an interest of `5,000 per month on the invested money. But neither such interest nor the principle amount was paid back by the accused to the complainants and thus the accused had cheated them and misappropriated their money” the press release said.

It added that on this, a discreet enquiry was conducted by Commandant IRP 15th Bn. “During the course of enquiry it was found that the accused W/Sgct Nirmal Kour in connivance with her husband Mohinder Singh Saini presently posted in JKAP 14th Bn had collected a huge amount of cash and gold not only from the complainants but from other women officials of the 15th Bn and security wing too illegally after alluring them with high rate of interest besides arranging gold loan facilities but had deposited the cash with some finance company and gold with Manappuraam Bank- Satwari, Karan Market Jammu for their personal use, thereby cheated and duped the fellow officials and misappropriated the collected amount to the tune of `1.50 crores and gold about 300 grams,” the press release said.

The press release said that on receipt of the enquiry report a formal case was registered in Crime Branch Jammu under the relevant sections of law. “During the course of investigation it was also found that the accused also started business of electronic gadgets and furniture items at Battalion headquarters against monetary benefits to win over the confidence of innocent investors. During the course of investigation all material evidence in the form of documentary record was collected from concerned quarters besides statements of complainants and witnesses were recorded and the offences U/S 420, 404, 120-B RPC P/S Crime Branch, Jammu were established against both the accused for cheating and duping the complainants and other co-employees of the Battalion of their hard earned money. A preliminary charge-sheet has been produced against the accused Nirmal Kour Saini and Arti Sharma and further investigation continues into the said case FIR,” the press release added.