Crime Branch Jammu produced supplementary charge-sheet against Surjeet Singh S/O Sh. Raghubir Singh, the then Chairman-Cum-Managing Director Rural Development Multipurpose Cooperative Ltd., Head office Talab Tillo, Jammu and his wife Jyoti Pawar both residents of village Gatela, P.O. Gajansoo, Tehsil-Marh, Distt. Jammu in case FIR No. 13/2019 U/S 406, 420, 465, 467, 468, 471, 120-B RPC r/w Sec. 22 of Banking Regulation, Act.1949 for their involvement in Multi- Crore fraud by duping the gullible people of their hard earned money with illegal operations of taking cash deposits from the people in the name of Co-operative on the promise of providing higher rates of interests.
A written complaint was lodged in the Crime Branch Jammu wherein several complainants had alleged that a Credit Society having registration number RCS/J&K/2095-CREDIT was registered by Cooperative Department with its Head Office at Marh, Jammu, besides opening its Branches in Distt. Udhampur at different locations viz Chabutra, Jaganoo Morh, Sattani, Barrain and Garhi in 2015. The employees were assigned targets of taking cash from the people in the form of fixed deposit, recurring deposit, saving accounts, share capital, nominal member.
Sh. Surjeet Singh Chairman cum Managing Director of RDMCL started taking hard cash from all the Branches. A preliminary verification was initiated by Crime Branch Jammu for probe into the matter. During enquiry the allegations were prima-facie substantiated and it was also found that the said accused did not abide by the directions of the Hon`ble Court and also without having any valid permission/license from RBI and from Registrar Cooperative Societies J&K, collected money from the General Public and consequently cheated them. A large number of complaints of similar nature were also received against the accused during the course of enquiry and were clubbed together with the PV for probe.
Accordingly, a formal case was registered in P/S Crime Branch, Jammu against the accused for in-depth investigation. During investigation it was found that the accused had sought permission for running the Co-operative in Jammu District form the office of Registrar of Companies, Jammu by submitting forged documents and with the criminal intention he indulged illegally in operation of 72 such Branches across 5 Districts of Jammu Province viz Jammu, Samba, Kathua, Reasi and Udhampur and in the garb of Co-operative kept on minting money from the people in the form of cash deposits with false promise of providing huge interest on them. The accused being the Chairman cum Managing Director of the Co-operative (RDMLC) used to take all the cash from different Branches of so-called Rural Development Multipurpose Co-operative Ltd. without any accountability and diverted it for his personal use and gain, which included payment of his Housing loan, purchase of Luxurious vehicles etc . The accused also spent a large chunk of deposited money on outsourcing printing press for publishing two of his Newspapers viz “Dainik State Sangam” and “Millan Times”. Besides this, the accused also managed to procure licence from the office of Excise Commissioner for sale of liquor. The investigation conducted so far has established involvement of the accused in duping the people of District Reasi and Udhampur to the tune of Rs. 2. 93 Crores(Approx.).