Jammu: Crime Branch (CB) have booked de-facto top executives of a Katra-based company running in the name and style of M/S A.K. Traders and others for multi-crore fraud in which several businessmen have been duped of Rs. 25 crores approximately.
A written complaint was received in Crime Branch (EOW) Jammu from Mr. Ravinder Kumar Gupta (Manager, Hind Agro Foods) Jammu wherein it was alleged that Rajeshwar Sabarwal S/o Sh. Sham Lal R/o H.No. 122, sector No. 1, near Gurdwara Channi Himmat, Jammu by hatching criminal conspiracy with others committed fraud & cheating with him and misappropriated rice & pulses worth Rs.04.30 crores approximately which he fraudulently received from the complainant on the pretext of supplying the same to Army. The accused gets supply of products from businessmen fraudulently on false assurance, makes certain payments for some short period to gain confidence and when receives huge products, abruptly stops the payments. He has committed similar nature of cheating with other reputed businessmen worth Rs. 20-25 crores approximately adopting the same modus-operandi.
The complainant stated that his firm Hind Agro Foods having office at Akhnoor Road, Barnai Jammu deals in grading, sorting and packing of basmati and non-basmati rice, pulses and other food items. Accused Rajeshwar Sabarwal was introduced to the complainant by one Bharat Bhushan Gupta, a Transporter who told the complainant that he knew Rajeshwar Sabarwal and he was a genuine person. Rajeshwar Sabarwal told that he is making all Army supplies and dealings in the name of his wife’s firm M/S A.K. Traders having registered office at Katra. He sought to purchase rice & pulses worth Rs. 18.63 crores (approx.) for making supplies to Army at Bari Brahmana and Amritsar and promised that payment would be cleared by him within fifteen days of every bill. Accused Rajeshwar Sabarwal fraudulently received products worth Rs. 07,37,83,480.00 from the complainant’s firm between the period from 04-05-2024 to 28-05-2024, but made payment of Rs. 03,07,66,400.00 only thereby causing wrongful gain of Rs. 04,30,17,080.00 to himself thereby committing an offence punishable under law.
SSP Crime Jammu Benam Tosh confirmed that an FIR No. 14/2025 has been registered , investigation is underway and some more victims of the big fraud are approaching the CB for action under law.
