Jammu : In a major achievement, the crime branch, EOW, Jammu, recovered a huge, misappropriated funds amounting to Rs 1.10 crore from an ex-employee of Jamkash Vehicleads Pvt.Ltd.
The SSP Crime Jammu, Benam Tosh, said that a highly professional team of officers was deputed to Indore and Delhi, and after all their efforts during the in-depth investigation, the team succeeded in recovering Rs one crore and ten lakhs of embezzled funds.
Earlier, on July 19, 2022, the SSP said that a case under relevant sections was registered at Police Station Channi Himmat Jammu on the written complaint of Executive Director Jamkash Vehicleads Pvt. Ltd. to the effect that the accused, Sheraz Mir, a resident of Shant Nagar, Janipur, Jammu, then working as an accountant for Jamkash Vehicleads, had committed a criminal breach of trust and cheating by transferring a huge amount of Rs. 1.32 crores into his own bank accounts from the funds of Jamkash Vehicleads Pvt. Ltd. and further investing the same amount in online betting.
The accused, Sheraz Mir, was arrested, and about Rs 22 lakh in misappropriated amounts was recovered. A preliminary chargesheet against him was filed by Jammu police in the court of law for judicial determination, Tosh said.
He added that on July 13, 2023, PHQ J&K transferred the instant case to the Crime Branch (EOW) Jammu for in-depth investigation, and accordingly, CB started a thorough probe.
Recently, he added that an investigation of the case was sparked, and thus the team of the Crime Branch, EOW, Jammu, thoroughly analyzed the suspected bank accounts of the accused.
Soon after further clues were struck, the CB team conducted raids at several premises in Indore and Delhi and succeeded in recovering the entire remaining misappropriated amount, which is a major breakthrough.
With this huge recovery made by Crime Branch Jammu, the entire misappropriated amount of Jamkash Vehicleads Pvt. Ltd. has been recovered, and further investigation is underway, he said.
