Srinagar – Three managers of the J and K Bank and one other person have been booked under anti-corruption laws by the Crime Branch of the state police for stealing Rs 4. 60 lakh from customers accounts through fraudulent withdrawals.
The CB move comes after nearly 2 years of investigation which have proved that the trio had aided a Kishtwar resident in the swindle.
The fraud was said to have taken place in July 2008 in a Kishtwar branch of the JK Bank where one Zahoor Hussian Kamal had withdrawn the amount from the accounts of 4 customers.
On finding their bank balance depleted inexplicably, the customers had approached authorities who had promised to reimburse the amount.
Though the promise was kept by bank officials and other staff by raising a loan, Crime Branch investigations launched after a complaint in September 2010 found that three employees of the managerial cadre had been party to the fraud.
Kamal, who had been arrested, had identified former branch manager Shamsuddin, second branch manager Kishore Raj, and former second branch manager Sanjeev Kumar.
Bank officials had been unable to explain how Kamals CCI limit had been raised to Rs 3 lakh from the previous 1 lakh, particularly with his unsavoury record of having tried to cash a fraud cheque of Rs 4.85 lakh earlier.(Observer News Service)
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