Crime Branch has initiated probe to investigate an attempt to fraudulently withdraw Rs 86 lakh under forged signatures from the company’s account.
Sources said that officials of JK Cements Ltd allegedly attempted to siphon bank guarantee money of Rs 86 lakh from the company’s bank account by forging signatures of the Financial Advisor who is authorized to sign cheques/drafts on behalf of the company.
Official sources said that a draft carrying forged signatures of Financial Advisor JK Cements Limited was submitted to the Bank of India New Delhi for release of bank guarantee amount to the New Delhi-based company M/s Ashoka Gear.
Before releasing the amount, the Bank asked the JK Cements’ Financial Advisor whether the official had issued any such draft in favour of the Delhi Company. “The Financial Advisor expressed ignorance about any such draft and asked the Bank to stop the payment immediately,” sources said adding that following which the issue came to fore and the management was forced to take action and handover the case to crime branch.
Earlier, the government had approved a project to New Delhi-based Company M/s Ashoka Gear at a cost of Rs 26.80 crore for installation and commissioning of a grinding-cum-packaging unit with a capacity of 300 tons per day at Industrial Growth Centre Samba
Talking to Inspector General of Police Crime, Muneer Khan confirmed that crime branch has initiated probe into an attempt to withdraw company’s amount fraudulently.
“We received a complaint following which we have initiated probe to nab the culprits. So far investigation is going on and once probe is done we will file case against the offender/s,” he added.
A senior JKCL official informed that instead of single bank account, the management over the years has managed to open various bank accounts in the name of company for “unknown reasons”.“Further the authorized signatories have been changed number of times which raises suspicion,” they said.