Politicians, Cops under scanner in Poonch multi-crore chit fund scam

JAMMU: With alleged role of many senior politicians and cops, a multi-crore chit fund scam has surfaced in district Poonch, prompting the police to lodge a First Information Report (FIR) in the case.

“A chit fund company, backed allegedly by some politicians and police officers collected whooping amount from people with the promise of good returns. However, the same was not fulfilled,” a well-informed source informed this scribe, adding, “a case in this connection has been registered at Mendhar Police station.”

“Few years backs, some people had floated a company, on the behalf of which they promised high returns and lured people to invest. They not lured not only local people but also people from Saudi Arbia. The investment goes around Rs. 500 crore,” he said.

He added that the company allegedly failed to pay the promised amount to the investors.

He added that the company is backed by some politicians and senior police officers.

“Some police officers also played important role in convincing people to invest in the company. A cop, affiliated to some politicians, and his son are among the accused persons,” he informed.

“Yes, the cop in question is well connected with the politicians, but presently he is suffering from cancer,” confirming the allegations, a senior police officer based on anonymity said.

He said that the investigation in the case is in progress.

“An FIR this connection has been registered and investigation is going on”, said DIG Rajouri-Poonch range, Vivek Gupta when contacted.

Meanwhile, former Vice Chancellor of Sai Nath University Dr Shazad Malik, has appealed to the governor Satya Pal Malik and senior most officers of the police department to transfer the probe to Crime Branch.

He said that the company was operated on the name of ‘Hablas E-commerce Private Limited' duped people and aggrieved people of the area also demanded impartial probe from some specialized agency.

“There is no denial that district Police Poonch is very competent but as this case involves such a huge money and the criminals belong to different districts or perhaps even to other state thus only Crime Branch that have special expertise and technical resources and manpower can fairly handle this case and bring truth into light and ensure that all duped money is returned back to the poor people”, he said.
He also demanded immediate arrest of all the absconders involved in the fraud financial scheme that lured innocent investors from border town Mendhar and other nearby areas of district Poonch.

Pertinently, Rajouri police had arrested ten persons affiliated to the 'Hablas E-commerce Private Limited' last year for allegedly duping people after promising them to double their money. The confirmation in this regard was given by the SSP Rajouri Yougal Manhas.

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