One accused has made unauthorized share transactions for his personal benefit. Due to unauthorized transactions in her account, she received a notice from Income Tax Authorities. The total estimated misappropriation/loss of the complainant to the tune of Rs. 3.50 crores.
Face2News/Chandigarh
Chandigarh Police has arrested two accused persons namely Arun Saluja @ Neeraj @ Lala S/O Sh. Mohinder Singh R/O # 2036, 1st Floor, Sector-21-C, Chandigarh, (Ex-employee of ICICI Bank Branch Manimajra, Chandigarh), age 41 years, involved in criminal breach of trust, cheating, forgery and criminal conspiracy. (FIR No. 294 Dated 08.11.2017 U/s- 406, 420, 120-B IPC added 409, 467, 468, 471 IPC, Police Station –Manimajra, Chandigarh) & Parveen Kumar Bhardwaj, an employee of M/S Competent Finman Pvt. Ltd., SCO No. 201-203, Sector 34, Chandigarh, and an agent of M/s Integrated Master Securities Ltd. age-48 years, involved in criminal breach of trust, cheating and criminal conspiracy. (FIR No. 105 dated 01.07.2022 U/s 406, 420, 120-B IPC added 409 IPC, PS-34, Chandigarh).
As per facts of the Case, FIR No. 294 Dated 08.11.2017 U/S- 406, 420, 120-B IPC added 409, 467, 468, 471 IPC, Police Station –Manimajra, Chandigarh, was registered on the complaint of Mr. Ajay Kahlon, Dy. Manager, M/S Brink India Pvt. Ltd, (cash management company) Plot No. 177, Industrial Area, Ram Darbar. The complainant alleged that, their company is dealing in Cash management services and also used to deposit cash in ICICI Bank Mani Majra, collected from various customers. But ICICI Bank informed on 21.07.2017, that they did not received the cash deposited on 3rd July 2017 and 4th July 2017 amounting to Rs. 29,48,043/- & Rs. 32,61,046/- total Rs. 62,09,089/- as per company record. That the cash i.e., Rs. 62,09,089/- was duly deposited by the Employee of M/S Brink India Pvt. Ltd, on 3rd and 4th July, 2017 under proper receipt to ICICI Bank. As per complainant, the cash was duly received by accused Arun Saluja, wealth Manger of ICICI Bank. But he did not deposit the received cash with the bank.
During the course of investigation, it has been reported by the ICICI Bank Branch, Manimajra, Chandigarh, that stamp used by the accused on cash receipts did not pertain to their bank branch and found to be fake.
In second case as per the facts of the Case FIR No. 105 dated 01.07.2022 U/s 406, 420, 120-B ,409 IPC, PS-34, Chandigarh was registered on the complaint of Smt. Parvinder Kaur Bhatia W/O Late Sh. Davinder Paul Singh Bhatia R/O H.No. 71, Hurst Bourne Gardens Barking, Essex, London, IG199UU, UK against Parveen Kumar Bhardwaj.
Accused Arun Saluja has been arrested on 03.06.2024 and produced before Hon’ble Court and the Ld. Court remanded him to police custody for two days. Apart from this case, there are 02 more case FIR’s registered against the accused Arun Saluja .i.e. Case FIR No. 57 dated 23.02.2018 U/s: 420 IPC PS-MM Chandigarh and Case FIR No. 262 dated 14.10.2017 U/s: 406, 420, 120-B IPC PS-MM Chandigarh. Further investigation of case is going on.
In second case as per the facts of the Case FIR No. 105 dated 01.07.2022 U/s 406, 420, 120-B ,409 IPC, PS-34, Chandigarh was registered on the complaint of Smt. Parvinder Kaur Bhatia W/O Late Sh. Davinder Paul Singh Bhatia R/O H.No. 71, Hurst Bourne Gardens Barking, Essex, London, IG199UU, UK against Parveen Kumar Bhardwaj.
The complainant is an NRI resident of Essex, UK and after death of her husband in 1996, she visited India in 2002 and she approached to M/s Competent Finman Pvt. Ltd. in Sector 34, Chandigarh, to transfer the shares in her name from the name of her husband, she got opened a DEMAT & a trading account with them, dematerialize all shares and credit them in her account which were in physical form. Parveen Kumar Bhardwaj an officer in the depository section of Competent Finman Pvt. Ltd. and an agent of Integrated Master Securities Ltd., took her signature on various papers, took the Special Power of Attorney of the complainant and transferred her shares in the name of his mother and other known persons.
The accused has made unauthorized share transactions for his personal benefit. Due to unauthorized transactions in her account, she received a notice from Income Tax Authorities. The total estimated misappropriation/loss of the complainant to the tune of Rs. 3.50 crores.
Accused Parveen Kumar Bhardwaj has been arrested on 05.06.2024 and produced before Hon’ble Court and the Ld. Court remanded him to police custody for one day. Further investigation of case is going on.