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| JK Bank employee charge sheeted for committing fraud | | | Early Times Reporter
Jammu | Sep 19
Crime Branch charge- sheeted Abdul Latied Ashraf, an employee of Jammu and Kashmir for committing fraud.
On a complaint written complaint lodged by Assistant General Manager, R.C.C Branch J&K Bank, Residency Road, Srinagar, alleging therein that inter bank reconciliation department (IBR), corporate headquarters, J&K Bank Srinagar, while reconciling the head office transaction of branches of Bank observed shortfall of Rs. 20 lakhs between regional collection center branch residency road Srinagar and branch office Anchar. It was further alleged that the amount in question has been embezzled/misappropriated by adopting deceitful means and preparation of fake and forged documents in furtherance to a criminal conspiracy hatched between a bank employee namely Abdul Latief Ashraf Lone S/o Ghulam Ahmed Lone R/o Tangmarg presently Balgarden Srinagar. It was further alleged that the above named bank employee managed the transfer of amount in question to the account of M/s Sushil Finance consultancy, 12-Honji Street, Fort, Mumbai through HDFC Bank Srinagar on behalf of his co-conspirator.
On receipt of this information, Crime Branch registered a case under FIR No. 03/06 for in-depth investigation. During investigation, it emerged that a cheque bearing No. 6167696 for an amount of Rs. 20 lakh purportedly issued by an account holder of J&K Bank, Branch Anchar Srinagar was deposited in HDFC Bank Srinagar for crediting into the account of accused Mohamed Ashraf Lone.
Further it emerged that the cheque in question was surrendered by the account holder, to whom it was issued, at the time of closure of his account. It was stolen by the accused employee Ab. Latief Softi, from the pigeon of J&K Bank Branch Anchar and utilized for committing the fraud. The amount in question was invested in share market and subsequently Rs. 13 lakh were withdrawn by the accused persons and misappropriated the same for their personal use. Out of this withdrawn amount Rs. 50,000 were frozen in the account of accused Mohamed Ashraf Lone in J&K Bank Branch Karannagar. Similarly remaining embezzled amount of Rs. 7, 61, 000 were frozen in the demat account of said accused Mohamed Ashraf Lone.
On the basis of investigation conducted, a charge sheet of the case has been produced against Abdul Latief Sofi S/o Gh. Qadi Sofi R/o Dagi Nanan Singh Chattabal Srinagar and Mohammed Ashraf Lone S/o Gh. Ahmed R/o Tangmarg at present Balgarden Srinagar before the court of law for judicial determination.
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