Jammu, Dec 28: Six people were charged by the Jammu and Kashmir Police‘s crime branch on Thursday in a local court here with defrauding investors of over Rs 60 lakh after persuading them to invest in a private company in Haryana in 2017, an official said. According to a spokesperson for the agency, the economic offences wing of Crime Branch, Jammu, filed a 1266-page chargesheet under various sections of the Indian Penal Code against six affiliates of Swarn Bhavya Gold Pvt Ltd, including its managing director, Balwinder Kumar of Haryana. A case pertaining to the subject was filed in 2020.According to the official, the accused engineered a criminal plot to persuade the complainants and others to invest money in the business by guaranteeing bonus income on deposits made after every 15 days and further bonus income upon building a network of depositors. The spokesperson stated that Saphali Singh of New Delhi, Manveer Singh of Punjab, Sushil Kumar, Sandeep Kumar, and Deepak Singh—all residents of Haryana—have also been charged in this case.Mohd Younis of Pulwama, Asrar Ahmed of Srinagar, Ayaz Ahmed of Poonch, and Mushtaq Dar of Rajouri filed a written complaint with Crime Branch, Jammu, alleging that the accused travelled to J&K in October 2017 and held seminars at various hotels in an attempt to persuade people to invest in the company, the official said. The representative added that the company collected large sums from locals in less than three months and gave people the assurance that it is legitimate and registered with the Reserve Bank of India.The official stated that after the police received the complaint, they registered a formal case under the applicable laws for a thorough investigation after conducting a preliminary verification and finding evidence of cheating and fraud.
