Examiner News Desk | Srinagar:
The Economic Offences Wing (EOW) Kashmir of the Crime Branch, Jammu and Kashmir, has filed a chargesheet against a man accused of orchestrating a banking fraud involving more than Rs 1.04 crore through unauthorised transactions, manipulation of Kisan Credit Card (KCC) loan limits and misuse of banking credentials.
The chargesheet has been filed before the Court of the Additional Special Judge, Anti-Corruption, Srinagar, in connection with FIR No. 20/2018 registered 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, identified as Rouf Mohammad Wani, son of Late Mohammad Akbar Wani and a resident of Hanjura, Chadoora in Budgam district, was working as a daily wager at the J&K Bank Business Unit in Dada Ompora, Chadoora, at the time of the alleged offences.
According to the EOW, the investigation found that Wani fraudulently debited customers’ bank accounts, unauthorisedly enhanced the credit limits of KCC accounts and misused banking credentials to siphon off funds.
Investigators alleged that the accused committed the fraud for wrongful personal gain and to benefit his family members, causing a financial loss of Rs 1,04,48,141 to J&K Bank.
Following the completion of the investigation, the Crime Branch submitted the chargesheet before the competent court for judicial proceedings.
The EOW has also appealed to the public to remain vigilant against economic fraud and report such offences to the Senior Superintendent of Police, EOW Kashmir. Complaints can also be submitted via email at sspeow-kmr@jkpolice.gov.in.
