Srinagar, July 1: The Economic Offences Wing (EOW) of the Crime Branch, Kashmir, on Tuesday filed a chargesheet against a former daily wager of J&K Bank for allegedly orchestrating a fraud involving more than ₹1.04 crore through unauthorised banking transactions and manipulation of customers’ loan accounts.
The chargesheet was presented 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 and the Prevention of Corruption Act.
According to investigators, the accused, Rouf Mohammad Wani of Hanjura, Chadoora in Budgam district, allegedly committed the fraud while working as a daily wager at the J&K Bank Business Unit, Dada Ompora.
The investigation revealed that the accused allegedly made unauthorised debits from customers’ accounts, enhanced the credit limits of Kisan Credit Card (KCC) loan accounts without approval and misused banking credentials to siphon off funds.
The Economic Offences Wing said the investigation established that the alleged fraud was committed for wrongful financial gain to the accused and his family members, causing a corresponding loss of ₹1,04,48,141 to the bank.
Following completion of the investigation, the Crime Branch filed the chargesheet before the competent court for judicial proceedings. [KNT]
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