Jammu : The Crime Branch Jammu has booked five top executives including Chief Executive Officer of a company for enticing and duping residents of Rs.2.95 crores in Jammu.
Official spokesman here on Monday said that the accused hails from Punjab, Haryana and Himachal Pradesh, whereas all the complainants belong to Jammu.
Victims namely Parshotam Kumar of Satwari and nine others had lodged a complaint with Crime Branch alleging therein that the accused persons namely Rahul Verma of Gurdaspur, Punjab, Rajeev Verma of Gurdaspur, Punjab, CEO of the company, Pardeep Saini of Haryana, Raman Awasthi of Himachal Pradesh, Rishi Sharma of Shimla, Himachal Pradesh and others approached the complainants and apprised them with an investment plan under the name and style of NEW YORK LIVE TRADE BUSINESS PLAN. The accused persons introduced themselves as the top management of the company and convinced them that the company is registered with the Registrar of Companies for England and Wales incorporated under the companies Act 2006 as a private company having its registered office at England and Wales.
The accused persons, as per the spokesman, enticed the complainants that they could earn huge profits by becoming either an investor or a networker in the company as it further invests the money of the investors in various sectors such as Forex, Cryptos, Commodity Trading and Shares Tradings.
The complainants, on the assurances of accused persons, enrolled with the company and started doing networking with the company,” he said adding that the company used to operate on a site and the complainants opted for networking and they were allotted their separate IDs, from which they used to invest their own money as well as the money of the other people.
Each complainant had a team which they had created by the way of networking and in the year 2023, all the things were going great as the company was timely giving the payouts to the complainants and their commissions were also coming on time.
So, the complainants also invested huge amount by way of cash also and suddenly the operating site of ‘NEW YORK LIVE TRADE BUSINESS PLAN got shut.
The complainants made every possible effort to reach out to the accused persons, but phone numbers of all the accused persons were switched off, he added.
Senior Superintendent of Police Crime Jammu, Benam Tosh confirmed that a case has been registered for in-depth investigation, as contents of the complaint and preliminary verification report prima- facie revealed commission of cognizable offence punishable under law.
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