JAMMU: The Crime Branch (Economic Offences Wing), Jammu, has filed a chargesheet against Rahul Sudan, son of Late Vijay Sudan and a resident of Dhyansar, Bari Brahmana, Samba, before the Court of the Learned Munsiff, Samba, in connection with an alleged bank loan fraud involving forgery and cheating.
The chargesheet has been filed in FIR No. 27/2022 registered at Police Station Crime Branch (EOW), Jammu, under Sections 420, 465, 467, 468 and 471 of the Ranbir Penal Code (RPC).
According to the Crime Branch, the case pertains to an alleged conspiracy involving fraud, forgery and cheating in connection with a vehicular term loan of Rs 7.92 lakh sanctioned by Canara Bank, Bari Brahmana, on June 14, 2016, for the purchase of a Honda City car bearing registration number JK21C-5636.
The investigation was initiated following a written complaint lodged by Nikhil Singh Jamwal, then Branch Manager of Canara Bank, Bari Brahmana. During the investigation, the outstanding loan amount was found to be Rs 5,64,201, the department said.
Investigation conducted by Inspector Meenu Sharma revealed that the accused had allegedly procured and submitted a fake and forged No Due Certificate (NDC) before the ARTO Office, Samba, to facilitate the unauthorised transfer of the hypothecated vehicle to a third party.
The alleged fraudulent transfer was carried out without clearing the outstanding bank liabilities or obtaining a genuine No Objection Certificate (NOC) from the bank, the Crime Branch stated.
The investigation also revealed that the accused was allegedly involved in other similar fraud cases registered against him, according to the department.
The Crime Branch said the investigation established offences under Sections 420, 465, 467, 468 and 471 RPC against the accused. The final chargesheet has accordingly been submitted before the competent court for judicial determination.
