Srinagar, July 14 (KNS): The crime branch Kashmir produced a challan against 22 accused persons before the court of chief judicial magistrate Budgam for obtaining loans to purchase vehicles by depositing fake registration certificates with the respective banks.
In a statement, issued to Kashmir News Service (KNS), a spokesperson said that the crime branch Kashmir produced the challan in case FIR No. 504/2009 U/S 420,467,468, 471, 120-B RPC of Police Station Budgam against twenty-two accused persons before the court of Chief Judicial Magistrate Budgam.
"The case owes its origin to a written complaint received by Police Station Budgam, wherein the complainant had alleged that some persons approached and lured him into purchasing a tipper for which demand draft amounting to Rs. 1187000/- was issued by J&K Bank Branch Unit Ompora Budgam."
The statement reads that the initial investigation into the matter carried out by Police Station Budgam, later Investigation of the instant case was transferred to Crime Branch Kashmir Vide PHQ Order No. 2074/2013 Dated 23.07.2013.
"During the investigation, evidence so collected in the form of original documents was badly damaged due to September 2014 floods However, the records were reconstructed due to the strenuous efforts of the investigating agency. It further revealed that accused persons in league with each other under a conspired plan had initially opened their accounts at different branches of J&K Bank and other banks, later on requested the concerned banks for sanctioning of vehicle loans and in this context submitted the Performa bills purported to be of M/s National Garage, B.C Road Jammu (Authorized dealers of TATA Motors) and also deposited the margin money."
It reads that it also revealed that after sanction and disbursement of vehicle loans in respect of the borrowers by way of issuance of demand drafts in favour of National Garage, the accused borrowers in connivance with Bilal Ahmad Pattoo son of Mohammad Sultan Pattoo of Veer Chattabal, Ashiq Hussain Lehrwal son Abdul Ahad of Nawabazar (actual resident of Kondbal Ganderbal) and Showkat Ahmad Jhat son of Ghulam Hassan Jhat of Veer Chattabal deposited these demand drafts in the accounts of Bilal Ahmad Pattoo, Ashiq Hussain Lehrwal and Showkat Ahmad Jhat and later on the amounts so deposited were withdrawn in cash.
"Pertinent to mention that Ashiq Hussain Lehrwal , Bilal Ahmad Pattoo and Showkat Ahmad Jhat had opened accounts under the banner of National Garage in Punjab National Bank and Indus Ind bank by submitting fake certificates shown issued by Labour department," it reads.
It reads that the Bank loan amount of Rs.1,98,14086/- has been deposited in above three accounts and thereby withdrawn in cash.
"Pertinently, no vehicle has been purchased and the accused had deposited fake registration certificates shown issued by concerned ARTO’s with the respective banks," it reads. (KNS)