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| One booked for bank fraud | | | Jammu Aug-10- Crime Branch today registered a case against Ghulam Nabi Bhat, officials of Overseas Bank and Revenue Department for in depth investigation of a case relating to drawl of Rs.48 lakhs loan on forged revenue documents.
Acting on a complaint received from Deputy Commissioner Badgam alleging therein that one Ghulam Nabi Bhat son of Abdul Gani Bhat sof Safakadal Srinagar has managed a loan of Rs.48 lakhs from Indian Over Seas Bank, Dalgate Srinagar, by producing forged revenue documents, the Crime Branch took up the investigation.
IGP Crime and Railways said that during the enquiry it has been established that the
above named person purchased four kanals of land in village Bugroo of Budgam district,
the cost of which is approximately Rs. one lakh per kanal. By tempering in the revenue records, the accused reflected word 'Bemina' in place of Bugroo and
took the concerned surveyor of the bank to Bemina instead of Bugroo, for identification
a And assessment of cost of the mortgaged landed property. To ascertain the cost of the land the suspect showed the surveyor forged documents and somebody's land at National Highway Bye Pass Bemina and got a report prepared showing the cost of the land at Rs.80 lakhs. On the assessment of the cost of the land, loan amounting to Rs.48 lakhs was sanctioned in favour of the suspect and payment was released subsequently, the IGP said.
He further said that during the enquiries the Crime Branch further established that while sanctioning loan, the Bank authorities had not followed the rules and had been very lenient to the borrower. The suspect, in connivance with officials of Bank and the Revenue authorities, thus duped the bank to the tune of Rs.48 lakh. 'Enquiry conducted into the matter establishes the commission of a cognizable offence', the IG added.
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