STATE TIMES NEWS JAMMU: J&K High Court rejected bail application of duo Zaffar Iqbal Advocate and Zaheer Abass, involved in fraud case wherein people were duped of crores of rupees. According to the Crime Branch, on May 16, 2019, the complainant namely Abdul Karim, son of Raj Mohammad, resident of Pathanateer Mendhar, Poonch along with two other persons produced an application at Police Station Mendhar duly marked by DIG, R/P Range Hqrs, Rajouri and endorsed by SDPO Mendhar against Tariq Mehmood (Mohammad Tariq), son of Mohammad Aziz and Imtiaz Ahmed, son of Mohammad Aziz, both residents of Village Chhungan and Murtaza Ahmed, son of Mohammad Bashir, resident of Chak Banola, Tehsil Mendhar and others, alleging therein that the accused persons were running a private company in the name and style of Hablas Pvt. Ltd. and have collected money from the people with assurance to double the money within a month’s time. The complainants also alleged that the alleged accused persons doubled the money of various people of the area. The accused were running this fraudulent company from for nearly eight months and thereafter have disappeared from Tehsil Mendhar and did not double their money. It was also alleged that accused persons cheated the complainants and are wandering in Jammu, Delhi and at various places in India. Upon the receipt of this application/complaint, a case FIR No. 70/2019 under Section 420 RPC was registered in Police Station Mendhar on May 16, 2019 and the investigation of the case was taken up by Inspector Sajjad Mir, SHO Mendhar. Later, vide PHQ order No. 1929 of 2019 dated May 20, 2019, the investigation of the aforesaid case was transferred to Crime Branch, Jammu and entrusted to Dy. SP, Crime Branch, Jammu for carrying out investigation into the matter and a SIT was constituted. During the course of investigation, accused kingpin Tariq Mehmood was arrested and was interrogated, where under the accused disclosed that he is a Government employee working as Pharmacist in Health Department and was posted as Pharmacist at Health Sub Centre Bathoi Mahore since 2016. Justice Sanjay Kumar Gupta after hearing both the sides in length observed that applicants along with other accused have been found involved in swindling of huge amount of Rs.1,47,67,92,256 of innocent persons of locality on the promise of doubling the same within one month. Applicants and other accused have used the money of public for their own use by purchasing properties at Jammu and outside Jammu. “If bail is granted, the trust of the general public, especially the persons who have deposited the money with the company, will be shaken and they will lose faith on courts. The laws cited by counsel for petitioners are not applicable in the present set of circumstances. Having regard to the material on record and since large amount of money belonging to innocent investors have been siphoned off, as well as for the aforesaid reasons, the High Court, in our considered opinion, should not release the applicants on bail”, the court observed and rejected bail application.
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