CB charge-sheets fraudster for impersonating as Regional Head Kotak Securities



JAMMU: The Crime Branch wing of Jammu and Kashmir Police produced charge-sheet against accused Mohinder Paul Sharma, son of Late Tara Chand, resident of village Surjan, Chaloge, Tehsil Bani, District Kathua, at present Near Sain Baba Pulli, Lower Roop Nagar, Muthi Jammu in a case vide FIR (02/19) registered under sections 420 and 421 of RPC at Police Station Crime Branch Jammu for impersonating as Regional Head of Kotak Securities before gullible people and unemployed youth and duping them of their money to the tune of Rs 3.80 lakh, on pretext of employing people and investing in Kotak Securities.
The charge-sheet was produced in the Court of Railway Magistrate, Jammu. A written complaint was lodged by Dr Sham Sunder Gupta, (retired), son of Late Amar Nath Gupta, resident of House No 246 Near Sanjay Chowk, Shastri Nagar, Jammu with Crime Branch Jammu to effect that accused, who was known to him and had worked in LIC and PNB MetLife, visited his home in 2017 and told him that he has become Regional Manager, Kotak Securities Delhi and presently handling Northern States.
After some days, he again visited complainant’s residence and told him that Kotak securities is opening its area office and branches in Jammu and requested him for letting his house on rent for aforesaid office for 25,000 per month and also offered him post of Area Manager of Kotak securities Jammu at a salary of Rs 25,000 per month. He further said that both rent and salary would come in his account from Head Office of Kotak Securities Mumbai. In July 2017, accused told him that as there is presently no base of Kotak Securities in Jammu, so he has to collect Rs 50,000 initially and then Rs 2,50,000 on behalf of Kotak securities to increase base of Kotak Securities in Jammu. On his assurance, complaint transferred an amount of Rs 3,20,000 in given accounts of accused Mohinder Paul Sharma.
Meanwhile, accused opened an office at complainant’s residence on first floor and started recruiting staff and Branch Managers on behalf of Kotak securities by giving advertisements in local newspapers and thereafter selected one Basanti Koul, Branch Manager on monthly salary of Rs 15,000 and three other women employees as Assistants on monthly salary of Rs 6,000. The accused also collected Rs 60,000 from Basanti Koul.
Later, complainant came to know from Kotak Security, Bahu Plaza, Jammu that there is no other office of Kotak Securities in Jammu and they don’t know about any Mohinder Paul Sharma. Thereafter, he contacted accused Mohinder Paul and demanded his money back. The accused gave him and Basanti Koul post-dated cheques, which were dishonored by concerned banks. The accused started dilly dallying and later blocked his phone number.
On receipt of complaint, a preliminary verification was initiated by Crime Branch Jammu and during course of enquiry allegations were prima-facie substantiated. Accordingly, instant case was registered in Crime Branch Jammu under relevant sections of law for in-depth investigation. During course of investigation, both oral as well as documentary evidences were collected. The accused was arrested and charge-sheeted as offences are fully established against him, told Crime Branch sleuths.


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