Fake Regional Head of Kotak Securities charge-sheeted for duping people
Feb 28, 2021
JAMMU: Crime Branch Jammu produced charge-sheet against the accused who had duped unemployed youth and others of their hard earned money by impersonating himself as Regional Head of Kotak Securities.
Accused Mohinder Paul Sharma, son of Late Tara Chand of village Surjan Chaloge, Tehsil Bani, District Kathua, A/P Near Sain Baba Pulli Lower Roop Nagar Muthi Jammu, was charge-sheeted in case FIR No. 02/2019 U/S 420 & 421/RPC P/S Crime Branch Jammu in the Court of Railway Magistrate, Jammu.
The case owes its origin to a written complaint lodged by Dr Sham Sunder Gupta of Sanjay Chowk Shastri Nagar Jammu. The accused, who was known to him worked in LIC and PNB MetLife, visited his home in 2017 and told him that he had become Regional Manager Kotak Securities Delhi which was opening its area office and branches in Jammu. The accused requested him for letting his house on rent for the said office for 25,000/- per month and also offered him post of Area Manager of Kotak Securities Jammu at a salary at Rs 25,000/- per month.
In the month of July 2017, the said accused told him that he has to collect Rs 50,000/- initially and then Rs 2, 50,000/- on behalf of Kotak Securities to increase the base of Kotak Securities at Jammu. On the assurance of these aspects, the complaint transferred an amount of Rs 3, 20,000/- in the given accounts of accused Mohinder Paul Sharma.
In the meanwhile the said accused opened office at his residence on 1st floor and started recruiting staff and Branch Managers on behalf of Kotak Securities and thereafter selected one Basanti Koul as Branch Manager on monthly salary of Rs 15,000/- per month and three other lady employees as Assistants on monthly salary of Rs 6,000/- per month. The said accused also collected Rs 60,000/- from Basanti Koul.
Later, the complainant came to know from Kotak Security Bahu Plaza Jammu that there is no other office of Kotak Securities in Jammu. 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 the concerned banks. The said accused started dilly dallying and later blocked his phone number.
On receipt of the complaint a preliminary verification was initiated by Crime Branch Jammu and during the course of enquiry allegations were prima-facie substantiated.