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news details
CB arrests 5, including J&K Bank officer in loan scam case
2/18/2025 10:05:01 PM

Early Times Report

Jammu, Feb 18: Crime Branch (CB) has arrested five accused including a J&K Bank Officer and a fake District Horticulture Officer in multi-crore J&K bank loan scam, a CB spokesman said in a statement. He identified the arrested accused as the then J&K Bank Manager (Scale-II) branch Rajouri Jatinder Singh (now demoted) S/o Dharampal Sharma R/o Narwal Bala Jammu, fake District Horticulture Officer Mohd Kabir S/o Mohd Yousuf R/o Fatehpur Poonch, fake Social Mobilizer IWMP Poonch Mohd Zafeer Khan S/o Zahoor Ahmad Khan R/o Narol Mendhar Poonch, fake Horticulture Technician-II in Water Shed RDD Poonch Zafar Iqbal S/o Mohd Younis R/o Ari Mendhar Poonch and fake Horticulture Technician-I in IWMP RDD Poonch Mohd Shakeel S/o Said Mohd R/o Nowshera Rajouri.
“This case was registered on the written complaint lodged by Chief Manager S&C Division, Zonal office J&K Bank Jammu Mohd Shakeel wherein he alleged that Saleem Yousuf Bhatti who was contractual employee with IWMP Poonch and others had got activated the inactive accounts of Water Shed Committee at Branch Lassana, Surankote Poonch. The accused got the nomencla
This case was registered on the written complaint lodged by Chief Manager S&C Division, Zonal office J&K Bank Jammu.
The accused got the nomenclature of the accounts changed, issued fake salary certificates & confirmation letters to different non-existing employees.
The accused issued fake authority letters instructing the branches to disburse/credit the salary in individual accounts.
Fraudsters managed to obtain loans amounting to Rs 5.00 Crore approximately from the different branches of J&K Bank thereby causing huge wrongful loss to the bank.
ure of the accounts changed, issued fake salary certificates & confirmation letters to different non-existing employees and managed together personal loans, cash credit loans and car loans etc. by posing themselves as government employees,” the spokesman said, adding, “Accused also managed to open fraudulent government accounts at Branch office Mendhar and Branch office Bus stand Mendhar. They firstly deposited money through different banks/branches in the A/Cs of Water Shed Committee and the fake accounts opened by them, issued fake authority letters instructing the branches to disburse/credit the salary in individual accounts of the accused. Thus the accused managed to fraudulently obtain loans amounting to Rs 5.00 Crore approximately from the different branches of J&K Bank thereby causing huge wrongful loss to the bank.”
Senior Superintendent of Police Crime Jammu Benam Tosh confirmed that while conducting investigation of case FIR No. 86/2023, U/S 419,420,465,467,468 471,120-B IPC r/w 7, 13 PC Act in professional manner, CB succeeded in arresting five more accused wanted in the case and investigation is in progress.
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