During the course of enquiry, it came to fore that a NGO under the name and style of “Regional Social Welfare and Rural Development” with its regional office H.No. 504 Indra Nagar, Srinagar, in violation of the laid down terms and conditions of its registration, indulged in malpractices and collected huge money from gullible people in the name of providing insurance cover to their residential houses etc. It also came to fore that two Bank accounts were operated by the directors of said NGO at J&K Bank Polo View Srinagar, Canara Bank Chanapora Srinagar and an amount of Rs.22,27,355 and 16,98,950 respectively were found to have been deposited/credited in these accounts, through various demand drafts by so called members and an amount of Rs.39,21,946 was found withdrawn from theses Bank accounts from the amounts deposited, which substantiates that of the said NGO after hatching a criminal conspiracy, have in deceitful and fraudulent manner collected huge amounts from gullible people on the pretext of providing insurance cover to their residential houses/other property, but their houses were not insured and thereby said NGO cheated the people and grabbed their hard earned money.
NGO Cheats People, Crime Branch Initiates Enquiry
