Former MLA and wife challenge their conviction in cheating case

Former MLA Ranbir Singh Kharb and his wife Anita Kharb have challenged their conviction in a cheating case Now the Sessions Case has issued notice to Delhi police On February 24 the Court sentenced the couple to seven years in jail in a cheating and criminal conspiracy case The court has also imposed a fine of Rs 445 lakhA special judge MK Nagpal issued a notice to the Delhi Police The court has also summoned the trial court record from the ACCM Court This case pertains to cheating with investors from 1998 to 2004 During this period Kharb was the sitting MLA A case was registered by the Economic Offense Wing of Delhi Police in 2006As per the prosecution the convicts fraudulently and dishonestly induced the complainant Pravin Kumar to invest money in the company and as a consequence thereof he invested a sum of Rs 23 lakh without getting any return or refund Ranbir Singh Dahiya was defrauded of Rs 134 crore Additional Chief Metropolitan ACMM Priyanka Rajpoot sentenced the convicts Ranbir Singh Kharb and Anita Kharb to seven years imprisonment on February 24The court said that convict Ranbir Kharb was sentenced to rigorous imprisonment of seven years and a fine of Rs 22 lakh for the offence punishable under Section 420 of the IPC read with Section 120B of the IPC Similarly convict Anita Kharb is sentenced to rigorous imprisonment of seven years and a fine of Rs 22 lakh for the offence punishable under Section 420 of the IPC read with Section 120B of the IPCLater on the fine amount was modified to the tune of Rs 4450 lakh on February 26 2024 The third convict Satprakash has been released on probation by the court He paid a fine of Rs 55000 Ranbir and Anita Kharb were on bail They are directed to surrender before the court today Counsel for convicts appearing for them requested the Court suspend the sentence and grant bail to them until the filing of an appeal against the judgment as well as against the order on sentenceThe Court noted that the provision of suspension of sentence under Section 3893 of the CrPC will not apply as the Court has sentenced the convicts Ranbir Singh Kharb and Anita Kharb to imprisonment for a term of seven years Accordingly the convicts Ranbir Singh Kharb and Anita Kharb are directed to surrender before the court on the next date of hearing as the court directed on SaturdayIt was alleged that the accused persons namely Ranbir Singh Kharb Anita Kharb andSatprakash had committed the offences of cheating criminal breach of trust and criminal conspiracy and defrauded various innocent investors who largely are their kith and kin of the accused persons in the name of investments in the companycalled Ms Jyoti Fair Finance CompanyIt was alleged that the accused persons during the period of 1998 to 2004 hatched a criminal conspiracy to cheat the general public by way of a scheme floated through a finance company called Ms Jyoti Fair Finance Company As per the prosecution the accused persons induced the general public to invest money in the company by alluring them with high interest rates and monetary gains however the accused persons never had the intention to return the money Whatever payments were made if any were made to lureinduce innocent investors to make further investmentsThe accused Anita Kharb was the director of the company She gave receipts in the name of the company and often induced the general public and her acquaintances to invest money in the company As per the prosecution Convict Satprakash too like accused Anita Kharb gave receipts in the name of the company and often induced the general public and his acquaintances to invest money in the companyAccused Ranbir Singh Kharb is the alleged kingpin of the entire matter even though he did not hold any position in the company However as per the prosecution he latently used to run the said company without wearing the hat of Directoremployeeetc Almost every victim has alleged inducement at the hands of Kharb the prosecution has allegedThis story has been sourced from a third party syndicated feed agencies Midday accepts no responsibility or liability for its dependability trustworthiness reliability and data of the text Midday managementmiddaycom reserves the sole right to alter delete or remove without notice the content in its absolute discretion for any reason whatsoever