Crime Branch Kashmir received communication which inter-alia reveals that an NGO under the name & style “Regional Social Welfare and Rural Development” planned to provide insurance cover to residential property of people who would like to register themselves with the said NGO as member against a fixed amount of Rs1000 per member however said NGO was not authorized to offer insurance cover to individuals/property nor was mandated to collect money from people or so called members. Consequent, upon this information a probe into the matter was initiated by Crime Branch Kashmir.
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in these accounts, through various demand drafts by so called members and an amount of Rs.39,21,946 was found withdrawn from theses Bank accounts from the amounts deposited, which substantiates that of the said NGO after hatching a criminal conspiracy, have in deceitful and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.