‘Fake loans, unauthorised transactions’ unearthed at bank in J-K, case filed

It was further revealed that around Rs 12 lakh was allegedly diverted to bank accounts reportedly maintained in the name of a deceased senior manager, while the remaining loan amounts were allegedly withdrawn through ATMs.

The inquiry also disclosed that a daily wager engaged at the branch had allegedly admitted to utilising loan proceeds of Rs 2 lakh in one JLG account for personal use, following which recovery was affected in two accounts, the spokesperson said.

Another complaint

In a separate complaint relating to the Surankote branch, the official said allegations were made against the branch head and others regarding unauthorised transactions and debit amounting to Rs 7.37 lakh, besides fraudulent sanction and withdrawal of loans worth about Rs 19 lakh through five fake loan accounts allegedly opened without the knowledge or consent of the borrowers.

The accounts were subsequently shown as settled or closed, allegedly to reconcile the branch’s cash position, the spokesperson said.

On the basis of the complaints and the findings of the preliminary verification, which disclosed a prima facie commission of cognisable offences, the police station Crime Branch (EOW) Jammu registered a case.

The SSP of Crime Branch (EOW) Jammu, Faisal Qureshi, has appealed to the general public to report such cases so that the culprits are brought to justice.