KK Motors defrauds Rs. 23.50 lacs; CB Jammu arrests owner Kulbir Singh

jammu:09 january/Crime Branch Jammu arrested fraudster – Kulbir Singh S/o Sh. Sansar Singh R/o Khour Bhau Tehsil R.S Pura District Jammu from Jammu city in case FIR No. 39/2020 U/S 420,120-B RPC PS Crime Branch, Jammu for his involvement in duping aperson to the tune of Rs. 23.50 Lacs on the pretext of sale of a JCB, as proprietor of K. K. Motors, R.S.Pura, Jammu.
A written complaint was lodged in Crime Branch Jammu by complainant wherein it was alleged that in 2017 complainant approached the dealer (accused) for purchase of JCB and for that purpose applied for loan in J&K Bank, Branch Kullian, R.S.Pura, Jammu. The cost of the JCB was Rs. 23,50,000/- for which she was required to pay margin money of Rs. 8,50,000/- to the dealer while for the remaining 15 lacs the complainant sought loan from the Bank. The complainant was under the impression that the said Bank would transfer the amount in the account of the firm and the complainant would get the delivery of the said JCB. But after separately requesting the dealer for the delivery of JCB, the accused refused to give the delivery of the JCB and told her that the said J&K Bank has not sanctioned the loan and has not transferred any amount in the account of the firm for said JCB while deductions on account of repayment of the loan had already taken from the account of her husband. The accused neither handed over the possession of JCB to the complainant nor did he return the money to her.
On this preliminary verification was initiated by Crime Branch Jammu and the allegations against the accused were prima facie substantiated which led to registration of the instant case for in-depth investigation. However, during investigation the accused did not cooperate and applied for bail. Crime Branch Jammu vigorously contested the bail application of the accused in the Court of law. The Hon’ble Court after examining the case file & argument of the investigating officer dismissed the bail application. In a successful raid by Crime Branch team, notorious fraudster Kulbir Singh has been arrested.