JAMMU, Jun 30: The Crime Branch Jammu has filed a chargesheet before a competent court against Puneet Rasutra, a resident of Rehari, Jammu, for his alleged involvement in a multi-crore cheating and forgery case involving forged documents and fraudulent bank loans.
According to Crime Branch officials, the case was registered as FIR No. 23/2019 under Sections 420, 471 and 201 of the Ranbir Penal Code (RPC) following a complaint filed by Munish Bhatia, a resident of Canal Road, Jammu.
The complainant alleged that the accused induced him and his brother to mortgage their property as collateral security for obtaining bank loans by falsely claiming that he had secured an Army contract worth nearly ₹16 crore. To support his claim, the accused allegedly produced a forged supply order purportedly issued by the 107 Engineer Regiment, C/o 99 APO, which was subsequently used to obtain an additional overdraft facility of ₹4 crore from the Jammu and Kashmir Bank.
During the investigation, the Crime Branch verified the authenticity of the documents with the concerned Army authorities, who confirmed that no such supply order had ever been issued. Investigators established that the document was fake and had been fabricated to obtain financial benefits through fraudulent means.
The probe further revealed that the complainant and his brother suffered losses amounting to nearly ₹10 crore and were compelled to clear the outstanding liabilities themselves to secure the release of their mortgaged property.
A Crime Branch official said the investigation uncovered sufficient evidence indicating that the accused, acting in furtherance of a criminal conspiracy, used forged and fabricated documents to fraudulently obtain substantial credit facilities, resulting in significant wrongful loss to both the complainant and the bank. Accordingly, a chargesheet has been presented before the competent court for judicial determination.
SSP Crime Branch (EOW) Jammu Faisal Qureshi appealed to the public to report such similar instances of financial fraud, stating that timely information from citizens would help investigating agencies identify offenders and ensure that those responsible are brought to justice.