Srinagar, July 1: The Economic Offences Wing (EOW) Kashmir of the Crime Branch, Jammu and Kashmir, has filed a chargesheet against a former daily wager of J&K Bank for allegedly misappropriating over Rs 1.04 crore through unauthorised banking transactions, manipulation of loan limits and misuse of banking credentials.
According to a statement issued by the Crime Branch, the chargesheet was filed before the Court of the Additional Special Judge, Anti-Corruption, Srinagar, in FIR No. 20/2018 under Sections 420, 467, 468, 471, 409 and 201 of the Ranbir Penal Code (RPC) read with Section 5(2) of the Prevention of Corruption Act.
The accused has been identified as Rouf Mohammad Wani, son of Late Mohammad Akbar Wani and a resident of Hanjura, Chadoora in Budgam district.
The investigation revealed that while working as a daily wager at the J&K Bank Business Unit in Dada Ompora, Chadoora, the accused allegedly fraudulently debited customers’ accounts, enhanced the credit limits of Kisan Credit Card (KCC) accounts without authorisation and misused banking credentials to siphon off funds.
The Crime Branch said the accused allegedly carried out the fraud for wrongful financial gain to himself and his family members, causing a corresponding loss of Rs 1,04,48,141 to the bank.
Following completion of the investigation, the chargesheet has been submitted before the competent court for judicial adjudication.
The Crime Branch has advised the public to remain vigilant against economic fraud and report any such incidents to the Senior Superintendent of Police, Economic Offences Wing (EOW), Kashmir. Victims of economic fraud can also lodge complaints via email at sspeow-kmr@jkpolice.gov.in.
