The accused after hatching criminal conspiracy induced the complainant and other people to invest their money in the said Company with the promise of providing bonus income after every 15 days on their deposits and more bonus income on creating network of depositors and ultimately defrauded them by duping their money. The other accused persons involved in the commission of crime are:
2) Sushil Kumar S/o Kashmeeri Lal R/o Near Old Water Tank Siwan Kaithal Haryana.
3) Sandeep Kumar S/o Abhey Ram R/o Village Pai, Kaithal Haryana.
4) Deepak Singh S/o Sahib Singh R/o H.No214, Ward No.22 near GPS School Kaithal Haryana,
5) Saphali Singh D/o Hemant Kumar Singh R/o H.No-103, Janak Puri C-1, Pankha Road, New Delhi West and
6) Manveer Singh S/o Baljeet Singh R/o Duplex No.205, Gulmohar City Extension, Dera Bassi HaibatPur Road, SAS Nagar, Mohali Punjab.
The case stems its origin from a written complaint lodged in Crime Branch Jammu by complainants – 1) Mohd. Younis S/o Abdul Aziz R/o Namlabal Pampore, 2) Asrar Ahmed S/o Gulam Mohd. R/o Nowgam Srinagar, 3)Ayaz Ahmed S/o Mushtaq Ahmed R/o Poonch and 4) Mushtaq Dar S/o Mohd Bashir R/o Rajal Nowshera Rajouri, alleging that accused Balwinder Kumar –Director of Bhavya Gold Company along with Sandeep Kumar and Deepak came to J&K in the month of October-2017 and launched programmes by conducting seminars at different Hotels in J&K to motivate people to invest money with inducement to get bonus income after every 15 days and for further bonus by creating network of investors. People were assured that the company is genuine and registered with RBI. The said company collected huge amount from J&K State within three months. Initially the Complainants and others got their bonus well in time but later their bonus was stopped and they were cheated.
On receipt of the complaint a Preliminary Verification was conducted and during the course of enquiry, the allegations made cheating and fraud were prima-facie substantiated, leading to the registration of formal case under the relevant sections of law for in-depth probe. During the course of investigation all material evidence was gathered besides statements of complainants & witnesses were recorded and the offences U/S 420, 120-B IPC are established against the accused persons for cheating the complainants and other innocent people. During the course of investigation well coordinated efforts were made by teams of Crime Branch Jammu to arrest the accused persons across various states of North India as they remained elusive for a long period of time.