Srinagar, July 1 (KNS): The Economic Offences Wing (EOW) of the Crime Branch, Jammu and Kashmir, has filed a chargesheet against a former daily wager of Jammu and Kashmir Bank for allegedly siphoning off over Rs 1.04 crore by manipulating Kisan Credit Card (KCC) loan accounts and carrying out unauthorised banking transactions, officials said on Wednesday.
The chargesheet was filed before the Court of the Additional Special Judge, Anti-Corruption, Srinagar, in connection with FIR No. 20/2018 registered under various sections of the Ranbir Penal Code, including cheating, forgery, criminal breach of trust and destruction of evidence, read with provisions of the Prevention of Corruption Act.
The accused has been identified as Rouf Mohammad Wani, a resident of Hanjura in Budgam district.
According to the Crime Branch, the investigation found that Wani, while working as a daily wager at the Jammu and Kashmir Bank's Business Unit at Dada Ompora in Chadoora, fraudulently debited customers' accounts, enhanced credit limits of KCC accounts without authorisation and misused banking credentials to divert funds.
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Officials said the accused allegedly grabbed Rs 1,04,48,141 through unauthorised transactions, manipulation of loan limits and misuse of banking credentials.
The investigation concluded that the accused carried out the fraud to secure wrongful financial gain for himself and his family members, causing a corresponding loss to the bank, they said.
Following completion of the investigation, the Crime Branch filed the chargesheet before the competent court for judicial adjudication, officials added.
The Economic Offences Wing also advised the public to remain vigilant against financial fraud and report suspected cases to the agency. It said victims of economic fraud can also submit complaints through the designated email address of the EOW Kashmir.(KNS).