SRINAGAR, March 31: The Economic Offences Wing (EOW) of the Crime Branch Jammu & Kashmir has filed a chargesheet against Mehraj-Ud-Din Dar in connection with a property fraud amounting to Rs 55.11 lakh. The chargesheet was submitted before the Court of the City Judge in Srinagar.
Property Fraud Allegations Detailed
According to a statement issued by the Economic Offences Wing, Srinagar, the case stems from a complaint alleging that the accused is a habitual offender who used a deliberate strategy to defraud individuals. The complaint detailed that after receiving payments, the accused failed to fulfil his commitments. In an apparent attempt to avoid legal repercussions and recovery proceedings, the accused allegedly transferred or registered properties acquired through these transactions in the name of his wife.
Information was available with The Chenab Times that upon receiving the initial complaint, the Economic Offences Wing launched a thorough investigation into the allegations. The probe prima facie established that the accused had defrauded the complainant of Rs 55.11 lakh under the guise of selling a residential house. Investigations revealed that after accepting the payment, the accused subsequently sold the same property to another individual.
Further Investigations Uncover Mortgage Details
The investigation also brought to light that the property in question had already been mortgaged with the J&K Bank, Bhagat Branch, Srinagar. The complainant had reportedly liquidated the outstanding housing loan associated with the property. The findings of the investigation concluded that the actions of the accused constitute a cognizable offence under Section 420 of the Indian Penal Code, which pertains to cheating and dishonestly inducing delivery of property.
The chargesheet has now been presented to the competent court for judicial review and further proceedings. The case underscores the diligence of the Economic Offences Wing in pursuing financial crimes and ensuring accountability for fraudulent activities within the region.
The Chenab Times News Desk