CB Recovers Rs 1.10 Cr Misappropriated By Employee Of Private Company In Jammu - JK REVOLUTION
Monday, June 24, 2024

CB Recovers Rs 1.10 Cr Misappropriated By Employee Of Private Company In Jammu

by JKREVOLUTION
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Jammu: Crime Branch, Economic Offences Wingh, Jammu has achieved a major success by recovering huge misappropriated funds amounting to Rs 1.10 crore from an ex-employee of Jamkash Vehicleads Pvt. Ltd.
SSP Crime Jammu, Benam Tosh deputed a team of highly professional officers of Crime Branch (EOW) Jammu to Indore and Delhi and after all out efforts during in-depth investigation, the team succeeded in recovering rupees one crore ten lacs embezzled funds. On July 19, 2022 , a case FIR No. 118/2022 u/s 420,406, 408,109 IPC was registered at Police Station Channi Himmat Jammu on the written complaint of Executive Director Jamkash Vehicleads Pvt. Ltd. to the effect that the accused Sheraz Mir, son of Mohd.Bashir, resident of Shant Nagar Janipur Jammu ,then working as Accountant in Jamkash Vehicleads had committed criminal breach of trust and cheating by transferring huge amount of Rs. 1.32 crores in his own bank accounts from the funds of Jamkash Vehicleads Pvt.Ltd and further invested the same amount for online betting.
The accused Sheraz Mir was arrested and about Rs 22 lakh misappropriated amount was recovered. Preliminary charge sheet against the accused was filed by Jammu Police in the court of law for judicial determination.
On July 13, 2023, PHQ J&K vide Order No. 2080 of 2023, transferred the instant case to Crime Branch (EOW) Jammu for in-depth investigation and accordingly CB started thorough probe. Recently, investigation of the case was speeded up and thus team of Crime Branch, EOW, Jammu thoroughly analysed the suspected bank accounts of the accused. Soon after further clues were struck and the CB team conducted raids at several premises in Indore and Delhi and succeeded in recovering entire remaining misappropriated amount to the tune of rupees 1,10,00,000.00 which is a major breakthrough .
With this huge recovery made by Crime Branch Jammu, entire misappropriated amount of Jamkash Vehicleads Pvt Ltd has been recovered and further investigation is underway.

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