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| Financial bunglings unearthed in Central Coop. Bank Anantnag | | | Srinagar, August 30: Mass financial bunglings totaling to a whooping amount of Rs 3 crores have been unearthed at Yaripora Branch of Central Cooperative Bank Anantnag. The unauthorized withdrawals amounting to lakhs of rupees from the accounts of account holders and hefty loans sanctioned to some people in fake names have been unearthed.
Informed sources while disclosing this to KNS revealed that bank officials have unauthoreisedly withdrawn around Rs 35 lakhs from fixed deposit account nos: 427,443,662.670 and 653 and grabbed the same. More over the bank officers are learnt to have opened accounts of 29 customers in the banks and withdrew a whooping amount of Rs 1.29 crores from the said banks accounts, but the names of the account holders are traced no where in the areas. The branch manager of the bank Ab Rashid Ganaie is understood to have got sanctioned loan of rs24 lakhs in the name of his father, while as loan of Rs 29 lakhs have been sanctioned to accounts clerk Ab Hameed Nengroo in the name of his brother and similarly loan of Rs32 lakhs have been sanctioned to senior manager Gh Mohd Bhat in the name of his brother.
More over Rs 86000 under cheque no:8427600 from T.P Branch Anantnag, Rs 90,000 under cheque no: 6437897 from JK Bank Yaripora,Rs1 lakh more under cheque no:6437899 from JK Bank Yaripora and Rs1.63 lakhs from account no:432 not traceable any where in Yaripora bank branch have been withdrawn unauthorized. The bunglings, according to sources, were unearthed during the audit of the bank, but the matter was not investigated later. Meanwhile bank has indicated the sanctioning of a loan of Rs 1.73 lakhs in the name of one Ab Ghani Parray R/O Homshallibugh Anantnag. As the matter was brought to the notice of Deputy Registrar Cooperative Societies Anantnag, an inquiry team under the chairmanship of Assistant Registrar G.M.jeelani was constituted to probe the bunglings.
The team in its report detected financial fraud and recommended action under rules against the bank manager. Deputy Registrar informed the manager about the fraud vide his office communication no: 97-100; Dated: April 8, 2006 and asked him to explain his position on this count, but the manager did not contemplate any action in the matter related to fraudulent release of the loan amount following which Ab Ghani Parray filed a suit before the State Accountability Commission.Gripped with the fear that matter may get exposed,the bank issued a fraud NOC to Ab Ghani Parray on 29-04-06 where in it was stated that there is no outstanding against Ab Ghani Parray. However Rs 1.37 lakhs withdrawn from the bank fraudulently is still outstanding in the bank records. Interestingly that former Deputy Commissioner Anantnag recommended that a case be registered against General Manager Central Cooperative Bank Anantnag who is facing charges of being involved in massive financial bunglings and action under law may also be initiated against him. The Agriculture instead of initiating action against the General Manager revoked his suspension order and he was reinstalled on the same position.
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