Cheques deposited as guarantee by a shopkeeper against borrowed sum of Rs 5 lakh were encashed by moneylender even after having received complete repayment. A case in this regard has been registered at the Koh-e-Fiza police station on Monday.
According to the police, in the year 2002, Virendra Kumar Jain borrowed Rs 5 lakh from Akshay Kumar Modi facilitated by Pradeep Kumar Jain and Raja Jain who are Modi’s brother-in-laws. At the time of borrowing the sum two cheques of Rs 2.5 lakh each were deposited with the accused.
In the year 2011, the victim paid the borrowed sum along with the interest and legal documents of refund were made but even after refunding the amount and having signed the documents of refund the accused Pradeep Kumar Jain and Raja Jain encashed the cheques in March, 2013. When the victim came to know about the amount withdrawn he approached the Koh-e-Fiza police and lodged a complaint.
During the investigation it was found that the allegations by the victim were true and the documents produced by victim are genuine after which a case of fraud was registered against the three accused.
The victim is in Auto Parts business and owns a shop in Jabalpur. The accused are residents of Koh-e-Fiza. No arrest has been made in the case yet. The police have registered a case under section 420, 467 and 468 of the IPC and have started further investigation.