Srinagar: A banker was on Tuesday arrested by police in Sogam area of north Kashmirs Kupwara district on the charges of fraud.
According to official one Fareed Ahmad Kolay, a resident of Kalaroos, who is the cashier-cum-cleric at Sogam branch of State Bank of India, was arrested by police after they received several complaints of fraud against him.
Sources said that two complainants namely Fayaz Ahmad and Ghulam Rasool complained to police that despite depositing amount in their accounts the same is not being credited even as the said cashier gives them proper receipts.
Later it come to fore that the Fareed used to put the cash amount deposited by the account holders in his pocket. He has so far fraudulently robbed people worth Rs. 8 lakh by this way, said the sources.
Subsequently, police today arrested the banker while the SBI also suspended him from his service. Confirming the arrest, the SHO Ateequallah told GNS that they have registered a case under FIR 03/2016 under section 420, 467, 471, 409 RPC.
Be Part of Quality Journalism
Quality journalism takes a lot of time, money and hard work to produce and despite all the hardships we still do it. Our reporters and editors are working overtime in Kashmir and beyond to cover what you care about, break big stories, and expose injustices that can change lives. Today more people are reading Kashmir Observer than ever, but only a handful are paying while advertising revenues are falling fast.