Man Defrauds Bank of Rs 21 Lakh By Producing Fake Documents,Booked

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SRINAGAR — Crime Branch Kashmir Friday registered an FIR against a bank defaulter who had allegedly secured two loans amounting to Rs 31 lakh against mortgage of a property  which did not belong to him.

Crime Branch officials said, they received a complaint from Branch Head J&K, Nowhatta, Srinagar alleging that one Tasaduq Khaliq Mir proprietor M/S Fashion Crap availed Cash Credit Loan facility of Rs 10 lac for his wholesale and retail trade of clothes and also availed a Cash Credit Loan facility of Rs 21 lacs from the J&K Bank, Ganderbal. 

The said loans were granted against mortgage of three storied residential house along with land underneath and appurtenant thereto measuring one Kanal 3 Marlas under Khasra No. 295 Khata No. 61 and Khewat No. 13 situated at Buchpora, Srinagar.

 After completing all legal formalities the sanctioned amount was disbursed in favour of the said loanee.

The loanee subsequently turned a defaulter and failed to repay the loans as per agreed terms and conditions and was classified as a Non- performing Asset in Sept. 2013. 

The present balance outstanding in the said loan account (including interest) is Rs 54.10 lakh. The said borrower has also availed a credit card facility of Rs 0.50 lakh from Business Unit Ganderbal having present balance outstanding of Rs 4.41 lakh.  

The bank authorities during their process of making effective recovery from the loanee found that the three storied residential house along with land underneath and appurtenant thereto measuring one Kanal 03 Marlas situated at Mouza Buchpora was not recorded in his name. They found he had defrauded the J&K Bank Branch Units both at Nowhatta and Ganderbal by furnishing fake and forged revenue documents.  

“The accused Tasaduq Khaliq Mir S/O Abdul Khaliq Mir R/O Illahi Bagh 90 feet Road Srinagar cheated the said J&K Bank Branches dishonestly and fraudulently on the basis of forged revenue documents in league with the concerned revenue officials who by abuse of their official position paved way for such cheating to cause wrongful gain upon himself against a corresponding loss to the J&K Bank Business Units Nowhatta Srinagar and Ganderbal”, a CB statement said.

Accordingly Case FIR NO.39/2018 U/S 420, 467, 468, 471,120-B RPC r/w 5(2) PC Act. was registered against Tasaduq Khaliq Mir and others and investigation taken up. 


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