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news details
CB arrests main accused after Court rejects bail plea
Rs 1.44 Cr J&K Bank Loan Scam
2/8/2025 12:34:26 AM
Early Times Report

Jammu, Feb 7: Crime Branch (CB) on Friday arrested main accused involved in Rs 1.44 crore J&K Bank loan scam immediately after his bail application was rejected by the Court of 2nd Addl. Sessions Judge Jammu.
A spokesman of the Crime Branch in a statement said that the arrested main accused happens to be a terminated J&K Bank employee of the same branch B C Road Jammu identified as Rohit Taroch S/o Som Raj Taroch R/o Rehari Ambphalla, Jammu.
“A written complaint was received from the then Branch Manager J&K Bank B C Road Jammu in Crime Branch Jammu in which it was alleged that during the period 2018-2019, some 14 borrowers approached Bank Unit B C Road Jammu on different dates for availing Personal Consumption Loans (PCL) facilities under Bank’s Sahulat/Saral Scheme to Government Employees,” he added.
“The suspected persons claimed to be employees of Military Farm House Jammu, Administrative Commandant Station Headquarters Satwari, Jammu and Station HQR Domana Jammu respectively and provided salary certificates and other requisite documents purportedly issued by these departments in their favour. Accordingly on the basis of documents produced by accused suspected (borrowers) and their guarantees offered the BU sanctioned and got disbursed loan facilities in their favour. Subsequent to reflecting these accounts in SLAC report of the BU, the branch officials as a part of recovery process approached the
The arrested main accused happens to be a terminated J&K Bank employee of the same branch B C Road Jammu.
A written complaint was received from the then Branch Manager J&K Bank.
The enquiry further revealed that borrowers were not employees working in these Military Farms/Units.
The documents submitted by them at the time availing loan were fake and forged.
uthorities of the said military Units/Station regarding default in repayment of loan dues by their employees. In response, the authorities of these Military Units /Stations intimated the branch officials that no such persons is/are their employees and the documents submitted by the them for availing PCL loan had not been issued by them,” the statement added.
“The internal enquiry into the matter conducted by the J&K Bank revealed that a group of 14 persons have succeeded in presenting themselves as the employees of the above said Military Units /Stations and submitted pay certificate and other requisite documents purportedly issued by Military establishments in their favour. The Bank unit relied on the documents submitted by these borrowers and the guarantees offered, sanctioned loan facilities in their favour. The enquiry further revealed that all these persons in fact were not employees working in these Military Farms/Units and the documents submitted by them at the time availing loan were fake and forged. In this way the group succeeded in perpetrating a fraud to the aggregate amount of Rs 144.53 lakh. On this complaint, CB had registered a case and started investigation,” the statement said.
Senior Superintendent of Police Crime Jammu Benam Tosh confirmed that main accused involved in case FIR No. 47/2023 has been arrested after his bail application was rejected by the Court and investigation of the case is underway.
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