CB Jammu produces preliminary Charge-sheet against Kim Future Vision Services Ltd./Kim Infrastructure and Developers Limited,

SNS KASHMIR

JAMMU, MARCH 20:

Crime Branch Jammu produced preliminary charge-sheet against accused 1) Ravinder Singh Sidhu S/O late Sh. Avtar Singh Sidhu R/O 1311-A Hemkunt House, 6 Rajinder Palace New Delhi 2) Palvinder Singh S/O Basant Singh R/O Gali Angrez Singh Walia Mohalla Nanaksar Taran 3) Sh. Sukhpal Brar S/O Gurbachan Singh R/O GiddarbahaMukhtasar.4) UmeshwarJha S/O late Nikhleshwar Jha R/O E-369, Delta-1, Noida U.P 5) Sh. Kanchan Kumar Dutta S/O Hirendra Kumar Dutta R/O 137 Panchwati Apartments, Tilak Nagar Delhi 6) Sh. Lekh Raj S/O Ram Singh R/O H.No.121 Muhal Baneradhi-101, Sub Tehsil Dharmpura Distt. Mandi Himachal Pradesh 7) Vinod Kumar Raina S/O Pushkar Nath Raina R/O Lower Muthi Ganjnasoo Road, Muthi 8) Rajesh Peshin S/O Makhan Lal Peshin R/O H. No 427 Coln. Colony Jammu in the Hon’ble Court of law in case FIR No.12/2017 U/S 420/RPC P/S Crime Branch Jammu for their involvement in hatching criminal conspiracy and illegally receiving cash deposits from the General Public as a Non-Banking Financial Company.

The case owes its origin to a communication received in Crime Branch Jammu from Sh. A.K. Mattu, Deputy General Manager, Reserve Bank of India (RBI), Department of Non-Banking Supervision, Rail Head Complex, Jammu with some pamphlets and other material, alleging that a company under the name & style Kim Future Vision Services Ltd./Kim Infrastructure and Developers Limited, situated at Vivekananda Chowk, near Ghumat, Jammu was reportedly engaged in deposits & taking activities under the garb of a Certificate of Registration issued by the RBI, Regional Office, Chandigarh in the name of Kim Investments Limited, Chandigarh, as such, the matter may be enquired discreetly.

On receipt of the complaint a preliminary enquiry was conducted in Crime Branch, Jammu in which it was found that the company – Kim Infrastructure and Developers Limited was registered with the Registrar of Companies, NCT-Delhi and Haryana at New Delhi and its objective was to raise infrastructure but had no authority to collect the deposits from the public and the company Kim Investments Ltd. was registered with the RBI as an ‘A’ category NBFC and was authorized to collect deposits only within the state of Punjab. The omissions and commissions on the part of the company prima facie, constituted offences punishable u/s 420, 406, 120-B RPC. Accordingly, instant case was registered. During investigation computers of the company have been seized and other material evidences i.e. oral, documentary and circumstantial were collected which have proved that the above accused have committed criminal breach of trust with their common and criminal intention by hatching a well knitted criminal conspiracy, as such causing wrongful loss to general public and some of their employees and thereby causing wrongful gain to themselves.