On 29-04-2019 Crime Branch, Jammu arrested fraudster/cheater namely Puneet Rasutra S/o Sh. Sham Lal R/o H. No. 113 Rehari, Jammu in case FIR No. 23/2019 U/S 420, 467, 468, 471/RPC P/S Crime Branch, Jammu. Brief facts of the case are that the accused being in close relationship with the complainant namely Munish Bhatia S/o Sh. Madan Mohan Bhatia R/o H. No. 8-A, Canal Road, Jammu had started the business under the name and style M/s ACE Engineering Infra Tech Pvt. Ltd. having its business place at Lane No. 4 SIDCO Industries area,Bari Brahmna, Jammu. Taking advantage of close relationship with the complainant,the accused induced complainant for mortgaging his property and his brother situated at Gandihi Nagar Jammu enabling himself to avail a CC limit from J&K Bank Branch Trikuta Nagar, Jammu. On his request the complainant mortgaged their property valuing crores and complainant and his brother became the Guarantors. Inthe year 2015 Puneet Rasutra again approached the complainant for mortgaging his property as collateral security for O/D limit and told that he had got a big supply order of manufacturing of Prefabricated “A” vehicle Garage at Dimapur worth Rs.16.00 Crores approx.
During the course of enquiry it has come to fore that Puneet Rasutra and Sumeet Rasutra have played a fraud with the Bank and availed substantial credit facilities in Crores of rupees on the basis of forged and fabricated work order with common and criminal intention by hatching a well knitted criminal conspiracy andthe accused have committed offences of cheating with fraudulent means bypreparing fake and forged documents.
The arrest of the accused involved has been effected by a team of Crime Branch, Jammu led by DySP Bushan Kumar Ganjoo I.O of the case. The accused is presently on Police remand.