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| Case of deception lodged against JK bank officials | | | Syed Tahir Bukhari
BARAMULLA, May 21: In a Bizarre act of fraud and deception to the common masses, Jammu and Kashmir police on a compliant has lodged a case of 'cheating' against the Jammu and Kashmir Bank officials in north Kashmir's Bandipora district on Wednesday.
According to reliable sources Bashir Ahmed Shiekh received a notice from Jammu and Kashmir Bank in Hajan in which he was asked by Javid Ahmed Parray to pay the installments of loan on monthly basis or face music.
After a complainant alleged that they secured a loan by using fake documents.
Bashir after enquiring about the matter found Bank's branch in Hajan area of Bandipora district had mentioned him as the guarantor of Javid Ahmed who according to the notice had secured the loan from the Branch.
Sources said that both Bashir and Javid alleged that neither they have secured any loan nor they have acted as guarantor. Sources said that Javid lodged a complaint against the Bank officials for using his documents. Police accordingly registered an FIR vide number 54/2014 under section 420, 467, 468 against the officials of the Jammu and Kashmir Bank.
Bank Manager Hajan Branch, Muhammad Ayoub Bangroo said they have sufficient proof to prove that Javid had secured a loan from the Bank under Kisan Credit Card (KCC) Scheme. "Any loan sanctioned under KCC scheme is verified and looked by a special team called Apple Team.
"The defaulter can deceive one but not everyone. Apple Team is comprised of so many members and there is genuine proof that he has secured the loan," he said adding that there are three guarantors who are witness to it," he said.
Station House Officer, Atiqullah confirmed that a case of fraud has been registered against the Bank officials.
However, he has said that it will take time to prove the fraud. "We are investigating the matter and everything will be clear in coming days," he said.
Meanwhile Official with the state's biggest bank, J&K Bank said, "What is important is to weed out the duplicate cards to ensure effectiveness of the scheme, "however he said that they had already been proactively waiving processing fee and margin money at the time of renewal of these credit cards.
Wishing anonymity bank official said, "Some of the provisions were already there in the KCC scheme, but we wanted banks to implement them effectively to improve credit flow to agriculture sector,".
He further added that, "Farmers are exempt from submitting documents related to the land title at the time of annual renewal of the card, even if the land is already hypothecated to the bank due to a charge against a previous loan, because there is no risk of change in the land ownership.
At present, new borrowers are required to pay 7% interest on such loans while farmers who have made payments on time get a further subvention of 3%, bringing down the interest rate effectively to 4%.
It is pertinent to mention here that the KCC scheme was introduced in August 1998, with a major share of crop loans being routed through it, and it was further extended in 2006-07 to the state cooperative agriculture and rural development banks so that all short-term loan requirements for cultivation could be covered under a single window. |
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