Sri Kedar Nath Khandelwal, S/o/ Late Ranu Kumar Khandelwal (ii) Sri Sushil Khandelwal S/o Kedar Nath Khandelwal both are ex-employee of Assam Carbon Ltd. Birkuchi, Guwahati, Assam and (iii) Sri Sanjay Kr. Khandelwal @ Omprakash Khandelwal of Fatasil Ambari, Guwahati,Assam in connection with Bharalumukh PS Case No. 80/92 u/s 409/468/420 /120(B) IPC. In the year 1991, lots of persons of all over India including Assam applied for allotment shares of TATA ELXI (INDIA) LTD., Bombay and paid the required amount of money payable with the application. After due scrutiny the company finalised the allotment of shares and returned the amount to the applicant who were not offered allotment of shares. The company also dispatch refund vouchers to the applicants of Greater Guwahati in their addresses from the HPO, Bangalore under certificate of posting. But in due course the applicants of Greater Guwahati did not receive their refund vouchers. Accordingly, they made correspondence with the Company and could know that the refund vouchers which were duly despatched by the company in their name which were withdrawn by some culprit/culprits by opening fictitious Bank Accounts in their name at the Guwahati Urban Co-Operative Bank, Fatasil Ambari. On the basis of FIR submitted by 4(four) different complainants about the occurrence, 4 separate cases were registered at Bharalumukh PS and investigated into.

Subsequently, the investigation of the cases were taken over by CID, Assam, Guwahati and in course of investigation it was found that 5904 refund vouchers of Rs. 4,89,500/-were despatched by the TATA ELXI (INDIA) LTD. to the various applicants for shares in their address but there were intercepted by a racket consisting of (i) Shri Snjoy Khandelwal @ Promod Agarwal (ii) Kedar Nath Khandelwal (iii) Sushil Khandelwal and other at Guwahati HPO during the period of Postal Strike. They drew an amount of Rs. 3,99,500/- against there refund orders by opening fictitious Bank Accounts in the name of applicants at Guwahati Urban Co-Operative Bank, Fatasil Ambari in collaboration with Bank Manager, Shri Deepak Bordoloi and other staff of the Bank who held the racket of opening fictitious accounts in the name of the genuine applicants and subsequent withdrawal of those refund vouchers by violating all the formalities of the Bank. After fraudulent withdrawal of refund vouchers valued Rs.3,99,500/- accused Kedarnath Khandelwal, Sushil Khandelwal, Sanjoy Kr. Khandelwal managed to flee away from Assam to unknown destination. Several attempts were made to locates the absconding accused persons at Bombay, Calcutta, Asanchole, Nagpur, Mounath, Banjan (UP), Rahasthatn etc. but no effect. During investigation 9 accused persons were arrested but accused Sanjoy Khandelwal, Sushil Khandelwal and Kedarnath Khandelwal could not be arrested as they are evading Police arrest.