Jammu, November 10: The Economic Offences Wing (EOW) of Crime Branch Jammu has filed a chargesheet in a bank loan fraud case involving Rs 7.92 lakh against a resident of Samba district.
The chargesheet has been submitted before the Munsiff Court, Samba, against Rahul Sudan, son of late Vijay Sudan, a resident of Dhyansar, Bari Brahmana. The case is registered under FIR No. 27/2022 under Sections 420, 465, 467, 468 and 471 of the RPC at Police Station Crime Branch (EOW), Jammu.
According to the Crime Branch, the case relates to alleged fraud, forgery and cheating in connection with a vehicle loan obtained from Canara Bank, Bari Brahmana.
The investigation was initiated following a written complaint by Nikhil Singh Jamwal, the then Branch Manager of Canara Bank.
As per the complaint and investigation, a term loan of Rs 7.92 lakh was sanctioned to the accused on June 14, 2016, for purchasing a Honda City car bearing registration number JK21C-5636. During the investigation, an outstanding loan amount of Rs 5,64,201 was recorded.
The investigation, conducted by Inspector Meenu Sharma, revealed that the accused allegedly submitted a fake and forged No Due Certificate (NDC) before the Assistant Regional Transport Office (ARTO), Samba.
The forged document allegedly facilitated the unauthorised transfer of the vehicle to a third party without clearing the outstanding bank liabilities or obtaining a genuine No Objection Certificate (NOC) from the bank.
The Crime Branch further stated that the accused was found to be involved in other similar fraud cases registered against him.
After completing the investigation, the agency established offences under Sections 420, 465, 467, 468 and 471 RPC and submitted the chargesheet before the competent court for judicial determination.
Meanwhile, SSP Crime Branch EOW Jammu has urged the public to remain vigilant against property-related financial frauds and report suspicious activities.
People can contact Crime Branch Jammu through email at [email protected] or helpline number 0191-2578901.
