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Fraudster arrested by Crime Branch Jammu


Jammu, January 18, (Scoop News)- Brief facts of the case are that during the investigation of case FIR No. 21/2017 u/s 420,465,467,468,471/RPC P/S Crime Branch, Jammu, accused Sanjay Bajaj R/o H.No.23 Mohalla Hari Om Enclave 1/B Roop Nagar opposite Peer Baba Jammu was arrested and during questioning he disclosed that there is an organized gang of criminals who are indulging in luring people in arranging vehicles on loan from various financial institutions as well as banks after preparing fake ITRs and when not in a position to repay the EMIs as fixed, the same vehicle is being kept mortgage to a person who pays half of the amount of the vehicle on the higher interest rates for repaying EMIs to the Banks/Financial Institutions and ultimately the financer in league with the gang disposes off the vehicle either by making fake sale letter or by removing hypothecation by preparing fake NOC.

Upon this disclosure, another case FIR No. 35/2017 u/s 420,467,468,471, 120B/RPC was registered in Crime Branch Jammu and investigation taken up. During investigation, it was found that accused Sunil Kumar in connivance with Dheeraj Singh, Gurjinder Singh, Udit Chadha, Ameet Kour, Ullah Rakha, Satish Kumar, Puran Chand, Tarsem Sharma and others have fraudulently prepared fake NOCs of different Financing companies and Banks after obtaining huge loans for purchase of vehicles. The accused involved in the process of preparing Fake NOCs have purchased different types of vehicles against the loan acquired from the different financing companies/Banks and soon after purchasing the vehicles against the loan fraudulently acquired by the accused, and used to prepare fake NOCs in order to further sale these vehicles financed by different companies and cause huge loss to the Banks as well as financing companies by fraudulent means.

It further revealed that accused Ameet Kour W/o Late Gurdeep Singh has purchased two vehicles bearing registration No. JK02BN-9759 (Truck) and vehicle No. JK02BR-9006 (Scorpio), duly financed by Hinduja Leyland Finance Ltd. Jammu and Axis Bank, Bahu Plaza, Jammu respectively. After that the accused Ameet Kour fraudulently managed fake NOCs of Hinduja Leyland Finance Company/ Axis Bank and fraudulently transferred both the vehicles in the name of accused Dheeraj Singh Jamwal by way of cheating and fraud thereby causing loses to the banks

The registration files of both the vehicles bearing registration No. JK02BR-9006 (Scorpio) and JK02BN-9759 alongwith registration files of vehicle No. JK02BG-5942 and vehicle No. JK02AP-4375 which also stands registered in the name of deceased Gurdeep Singh husband of Ameet Kour reveals that these vehicles have initially been purchased in the name of Ameet Kour W/o Late Gurdeep Singh R/o H. No. 272, Exchange Road, Kachi Chowni, Jammu and in the name of deceased Gurdeep Singh after acquiring huge loans from different Banks i.e. (1) Axis Bank Ltd. Bahu Plaza, Jammu, (2) Hinduja Leyland Finance Ltd., Jammu, (3) Corporation Bank, Samba and (4) The Jammu Central Co-operative Bank, Gandhi Nagar, Jammu. After obtaining the loan from the Banks the accused Ameet Kour Wd/o Gurdeep Singh in connivance with accused Dheeraj Singh Jamwal and others have prepared fake and fraudulent NOCs in the name of the Banks/finance companies in order to transfer the above hypothecated vehicles on their names fraudulently to usurp the loan money obtained from the banks.

The accused Ameet Kour W/o Late Gurdeep Singh R/o 272, Exchange Road, Jammu at present H. No. 4162 Sector 39, Mamolay, Chandigarh has been arrested in the case on 17.01.2018 who has been remanded for Police Custody for interrogation.





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