Srinagar, Jul 1 (NVI): The Economic Offences Wing (EOW) of the Crime Branch Kashmir has filed a chargesheet against a former daily wager of J&K Bank for allegedly embezzling more than Rs 1.04 crore through fraudulent manipulation of Kisan Credit Card (KCC) loan accounts, officials said on Wednesday.
The chargesheet was filed before the Court of the Additional Special Judge, Anti-Corruption, Srinagar, in connection with FIR No. 20/2018 registered under various provisions of the Ranbir Penal Code, including cheating, forgery, criminal breach of trust and destruction of evidence, along with relevant sections of the Prevention of Corruption Act.
The accused, identified as Rouf Mohammad Wani, a resident of Hanjura in Budgam district, allegedly committed the fraud while working as a daily wager at the J&K Bank Business Unit in Dada Ompora, Chadoora.
According to investigators, Wani fraudulently enhanced the credit limits of KCC accounts, carried out unauthorised debit transactions from customers’ accounts and misused banking credentials to divert funds amounting to Rs 1,04,48,141 to himself and his family members, causing a corresponding loss to the bank.
Officials said the investigation has been completed and the chargesheet has been filed before the competent court for judicial proceedings.
The EOW also appealed to the public to remain vigilant against financial fraud and report such offences to the Crime Branch.—(NVI)
