news details |
|
|
| HC dismisses pre-arrest bail of J&K Bank Employee involved in 37 lakh scam | | | Early Times Report
JAMMU, Nov 25: Justice Sanjay Dhar dismissed the pre-arrest bail of Vikas Sharma an employee of J&K Bank who had fraudulently withdraw amount of Rs 37,63,838 from the accounts of different customers.
Justice Sanjay Dhar after hearing Adv Rozina Afzal for the petitioner whereas Deputy AG Arshad Majid Malik for the respondents observed that the petitioner is alleged to have siphoned off more than Rs 37 lakh from the accounts of customers of his employer i.e. J&K Bank. The investigating agency has collected material to support this allegation during the course of investigation conducted so far. The role of the petitioner in the commission of alleged fraud, in these circumstances, cannot be doubted at this stage. Offences of this kind are very grave in nature and cannot be taken lightly, otherwise the customers are bound to lose faith and trust in the Banking system.
High Court further observed that there is yet another aspect of the matter which is required to be taken note of. The amount of money alleged to have been withdrawn by the petitioner from the accounts of the customers has not been recovered so far. The recovery of the said amount may not be possible without the arrest and custodial interrogation of the petitioner. Therefore, if the petitioner is admitted to anticipatory bail, it will have an adverse impact on the investigation of the case.
With these observations, the High Court dismissed the petition seeking pre-arrest bail. —JNF |
|
|
|
|
|
|
|
|
|
|
|
|
| |
| |
|
|
|
|
 |
|
|
|
|
STOCK UPDATE |
|
|
 |
| BSE
Sensex |
 |
| NSE
Nifty |
|
|
| |
CRICKET UPDATE |
|
|
|
|
| |
| |
|
|
| |
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
