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CB Jammu books Cyber fraudsters on pretext of lending loan at meagre 2% rate of interest



Jammu May 05: Crime Branch Jammu registered a criminal case under relevant sections of law against Cyber-fraudsters Rajesh Rai and Vikas Kumar and others for duping the complainant of his hard-earned money after luring him for advancing his loan at a meagre 2% rate of interest in the garb of being employees of Shree Ram Finance Company Jaipur.


The complainant was induced by the fraudsters and was made to transfer huge amounts of money through NEFT / IMPS as processing charges for availing a loan of Rs 40 lacs.



A written complaint was lodged by Shams-Ud-Din resident of Jammu, wherein he has alleged inter alia that the accused contacted him on his phone and told him that he is an employer of Shree Ram Finance Company, Jaipur and he is providing loan assistance to the needy people by way of online registration with an interest of only 2%.


He further told him that for getting the loan benefit the complainant has to submit some advance amount in his account for processing the file. On this assurance, the complainant deposited his hard-earned money in different accounts of the accused on different dates with the surety by the accused that the loan shall be transferred to the account of the complainant within 15 days, but no loan was transferred in his account.


After a considerable time period, the complainant personally went to Jaipur and reached the office of Shree Ram Finance Company, where he was shocked to learn that the persons who have fraudulently taken the amount from him are not working in the Shree Ram Finance Company.



On receipt of this complaint, a preliminary verification was conducted and during the course of enquiry material as well as oral evidence was gathered, besides obtaining a bank record.


The accused have also prepared fake and forged documents of Sri Ram Finance Company which has prima facie substantiated the allegations levelled in the complaint to the effect that the above suspects have cheated the complainant with dishonest and fraudulent means for duping him of his hard-earned money, thereby causing wrongful gain for themselves and corresponding loss to the complainant.


The investigation of the case has been set in motion for an in-depth probe.


(NOTE: PRESS RELEASE PUBLISHED AS RECEIVED)