Jammu, April 08: The Crime Branch filed a supplementary chargesheet against Surjeet Singh, the then chairman-cum-managing director of Rural Development Multipurpose Cooperative Limited and his wife Jyoti Pawar for duping people of nearly Rs 2.93 crore in the name of a co-operative with promise of providing higher rates of interest.
After a preliminary verification and the allegations were prima-facie substantiated and it was also found that the accused did not abide by the directions of the court and also without having any valid permission or licence from the RBI and from the Registrar of Cooperative Societies, J&K, collected money from the public and consequently cheated them.
A large number of complaints of similar nature were also received against the accused during the course of inquiry and were clubbed together for a thorough probe.
The accused being the Chairman-cum-Managing Director of the cooperative used to take all the cash from different branches of the so-called Rural Development Multipurpose Cooperative Ltd. without any accountability & the accused diverted the money for his personal gain, which included payment of his housing loan, purchase of luxurious vehicles besides using a large chunk of deposited money on outsourcing printing press for publishing two of his newspapers.
The accused also managed to procure licence from the office of excise commissioner for sale of liquor. The investigation conducted so far has established involvement of the accused in duping the people of Reasi and Udhampur districts to the tune of about Rs 2.93 crore.
|