The Crime Branch in Jammu has filed a charge sheet against seven people for swindling ₹13.84 crore from people in the Pir Panjal region. The accused had floated a financial institution called Hablas-e-Commerce Pvt. Ltd. in Rajouri and promised to double people’s money within 15 days.
The charge sheet was filed against Tariq Mehmood, Mohd Tayab Chowdhary, Sajjad Ahmed, Syed Israr Shah Bukhari, Mohd Shairaz alias Shairaz Mir, Murtaza Mohd, and Imtiaz Ahmed. They have been booked under sections 420 (cheating) and 120-B (criminal conspiracy) of the Indian Penal Code.
The case was initially registered with the Rajouri police station on the complaint of Vishal Sudan, who alleged that he had been cheated by Hablas-e-Commerce Pvt. Ltd. The case was later transferred to the Crime Branch for further investigation.
During the investigation, the Crime Branch found that the accused had lured people into investing in their company by promising high returns. They had also created fake documents to show that the company was legitimate.
The charge sheet, which is 1,160 pages long, contains the statements of the complainants, witnesses, and other evidence gathered during the investigation. The case is now pending in court.
The Crime Branch has appealed to people to be careful about investing in unknown companies and to verify the credentials of the promoters before investing any money.
