Two brothers booked for running fraudulent finance companies in Jammu
Two brothers booked for running fraudulent finance companies in Jammu
JAMMU: The Jammu and Kashmir Police on Sunday registered a criminal case against two brothers for allegedly running fraudulent finance companies here to dupe investors, an official said.
The case against Vikas Mahajan and Lokesh Mahajan of Gurha Bakshi Nagar was registered under relevant sections of the law on a written complaint lodged by Paloura resident D K Gupta through the Reserve Bank of India (RBI), a spokesperson of the Crime Branch, Jammu, said.
In the complaint, it was alleged that the duo was running the private finance companies – Samridhi Finance Limited , S K Business Corporation and Mahajan & Co – by fraudulent means and have duped a lot of people of a large sum of money.