Face2News/Chandigarh
A case FIR No. 83 Dated 16.12.2023 U/S 406,420,467,468,471,120 B IPChas been registeredat Police Station , Sector-49, Chandigarhon the joint complaint made by Col. Sh. Soninder Singh (Retd.) & 3 other Ex-Army Officials against accused persons namely Amarjit Singh Shahi {Prop. of firm namely M/s Money Matters Financial Advisors, office at Plot No. 310, 3rd Floor, Phase-9, Industrial Area, Mohali (Pb.)} S/o Late Madan Singh Shahi R/o# 2274, Golden Enclave, Sector-49-C, Chandigarh & Laxmi Narayan Shukla {Prop. of firm namely M/s P.S Money Multipliers} S/o Sh. AwadhBihariShukla R/o Flat No. 301, 401, 3rd & 4th Floor, Shri Sai Apartment, D-28, Shyam Nagar, Kanpur (UP) 208013.
The accused Amarjit Singh Shahi is the course mate/Regimental Officer of complainants, who allured them to invest in the firm namely M/s P.S. Money Multipliers, office No. 1, 4th floor, Mall Road, Kanpur Nagar (U.P), owned by co-accused Laxmi Narayan Shukla and to receive good returns on their respective investment. The accused persons to gain trust of complainants and in order to hide their ill intension, executed respective tripartite loan agreements with complainants.
The accused Amarjit Singh Shahi is the course mate/Regimental Officer of complainants, who allured them to invest in the firm namely M/s P.S. Money Multipliers, office No. 1, 4th floor, Mall Road, Kanpur Nagar (U.P), owned by co-accused Laxmi Narayan Shukla and to receive good returns on their respective investment. The accused persons to gain trust of complainants and in order to hide their ill intension, executed respective tripartite loan agreements with complainants.
Beside this, the accused persons also shown a balance confirmation ledger regarding balance amount of Rs. 62,49,71,250/- in the Demat account of MotiLalOswal Financial Services Pvt. Ltd. to the complainant party but after verification, the said ledger is found fake & fabricated documents.
The complainants have invested approx. Rs. 5.86 crores with the accused persons. But the invested money of complainants was not returned by the accused persons. During the course of investigation, today, i.e., 28.05.2024 after interrogation, accused Amarjit Singh Shahi S/o Late Sh. Madan Singh Shahi R/o# 2274, Golden Enclave, Sector-49-C, Chandigarh has been arrested in the case and produced before the Ld. Court of Sh. Ajay, JMIC, Chandigarh. The Ld. Court has granted 02 days Police Custody of accused AmarjitSingh Shahi in the present case.
During Police Custody, it will also be verified that where the accused has adjusted the amount/money invested by the complainants.