Jammu Crime Branch files chargesheet in 10 crore fake Army contract fraud

JAMMU, June 30: The Crime Branch Jammu has filed a formal chargesheet against a local resident for allegedly defrauding two brothers of 10 crore rupees by fabricating a military supply contract to secure substantial bank credit. The legal documents were presented before a local court against Puneet Rasutra, a resident of Rehari, Jammu.

The case originates from a 2019 complaint lodged by Munish Bhatia, a resident of Canal Road, who accused the suspect of running a multi-crore cheating and forgery operation.According to the complaint, the accused convinced Bhatia and his brother to mortgage their personal property as collateral security for bank loans by falsely claiming that he had successfully secured an Army contract valued at 16 crore rupees.

To further the scheme, the suspect allegedly produced a forged supply order falsely attributed to the 107 Engineer Regiment. This fabricated document was used to secure an additional overdraft facility of 4 crore rupees from the Trikuta Nagar branch of the Jammu and Kashmir Bank.

A detailed investigation conducted by the Crime Branch Jammu subsequently established that the military supply order was entirely fake. Military authorities formally confirmed to investigators that no such work order had ever been issued by the regiment.

As a direct result of the fraud, the complainant and his brother suffered financial damages totaling nearly 10 crore rupees and were forced to personally liquidate the outstanding bank liabilities to secure the release of their mortgaged property.The investigation further revealed that the accused acted as part of a criminal conspiracy, deliberately employing fabricated and forged documents to acquire extensive credit facilities, which caused massive wrongful losses to both the victims and the banking institution.

Following the submission of the chargesheet, Senior Superintendent of Police Crime Branch Jammu Faisal Qureshi urged members of the public to immediately report similar instances of financial fraud, emphasizing that timely public reporting is crucial for identifying offenders and ensuring justice.