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| Bank Manager facilitates fraud | | CB presents charge sheet against three accused | | Early Times Reporter
Jammu | Mar 14
Crime Branch Kashmir today presented charge sheet against three accused persons for facilitating the fraudulent drawl of Rs three lakhs, subjecting the bank to complete wrongful loss, in the court of Chief Judicial Magistrate, Srinagar.
The CB had registered a case FIR NO 04/08 regarding fraudulent drawl of car loan amounting to lakhs of rupees. During investigation, the CB observed that Irshad Ahmed s/o Ghulam Mohammed r/o Qalamdanpora Srinagar had applied to Branch Manager J&K Bank Humhama for a car loan in January 2003 and in the process of completing bank formalities, one Mohammed Qasim Lone was shown as guarantor without his consent and knowledge.
The investigation further revealed that Tufail Ahmed presented himself as a guarantor in place of Qasim for facilitating the sanction of loan by resorting to an act of impersonation. Despite knowing fully the impersonator, the Branch Manager Farooq Ahmed Beigh accepted him (Tufail) as the guarantor in place of Qasim for fulfilling the bank documentation for the sake of mere formality and as such completed the act of fraud infringing the state exchequer. Subsequently the so-called loanee produced fake insurance cover note and certificate of registration bearing NO 6711/JK04 attributing the said number to Alto Car which in fact happened to be the registration number of a Tipper. The conspiracy hatched by these three accused persons facilitated the fraudulent drawl of Rs. three lakhs subjecting the bank to a complete wrongful loss.
After completion of the investigation, the Crime Branch presented charge sheet against the accused in the court of Chief Judicial Magistrate, Srinagar. |
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