Jammu, Nov 30 (KNS): Crime Branch Kashmir on Tuesday produced a chargesheet before chief judicial magistrate Handwara against three accused persons for fraudulently transferring sanctioned loan amount of a complainant into their own accounts.

In a statement, issued to Kashmir News Service (KNS), a spokesperson said that CBK produced the charge-sheet in case FIR No. 35/2014 U/S 420, 467, 468, 471, 109, 120-B RPC of Police Station Crime Branch Kashmir, before the Court of Chief Judicial Magistrate, Handwara against accused persons namely Nazir Ahmad Dar (the then Advance Clerk J&K Bank Handwara), his sister (working in revenue department) and Shabir Ahmad Sheikh (the then Advance Manager J&K Bank Handwara) for fraudulently and dishonestly transferring the sanctioned loan amount into their accounts, instead of complainant.

The statement reads that the brief facts of the case are that the complainant applied for the housing loan to the tune of 06 lakh from JKB Handwara in the year 2011 and in pursuance of this, the Bank authorities obtained 06 cheques from the complainant. 

“The accused persons in criminal conspiracy with each other dishonestly and fraudulently credited these cheques into the bank accounts of the sister of prime accused Nazir Ahmad Dar,” it reads. (KNS)