No Result
View All Result
  • MISSION STATEMENT
  • CONTACT
  • BE PART OF QUALITY JOURNALISM
  • ARCHIVE
Wednesday, October 4, 2023
E-Paper
Kashmir Observer
25 °c
Srinagar
  • NEWSLIVE
    • TOP STORIES
    • LOCAL
    • CITY
    • REGIONAL
    • WORLD
  • IN DEPTH
    • FEATURE
    • HEADS & TAILS
    • OPINION
      • OPINION
      • EDITORIAL
      • KO ANALYSIS
      • LETTERS TO EDITOR
    • SPECIAL REPORT
    • INTERVIEW
    • REVIEW
      • BOOKS
    • LONGFORM
  • BUSINESS
    • BUSINESS NEWS
    • MARKET
    • ENERGY
    • HORTICULTURE
    • HANDICRAFTS
    • CARS & BIKES
    • STARTUP KASHMIR
  • SPORT
    • FOOTBAL
    • CRICKET
    • ADVENTURE SPORTS
    • GOLF
    • ATHLETICS
    • SKIING
    • OTHER SPORTS
  • MEDIA
  • PEOPLE
  • CULTURE
    • KHYEN CHYEN
    • ARTS
    • CRAFTS
    • FESTIVALS
    • THEATER
    • LANGAUGE
  • TRAVEL
    • HOUSEBOATS
    • HOTELS
    • ANGLING
    • CAMPING
    • DESTINATION FOCUS
  • SOCIETY
    • EDUCATION
    • HEADS & TAILS
    • GENDER
    • YOUTH
    • CHILD WELFARE
  • LITERATURE
    • SHORT STORY
    • BOOKS
    • NARRATIVE
  • CINEMA
    • CINEMA & TV
  • ePAPERS
    • BAZAAR OBSERVER
    • YOUNG KASHMIR
    • MIZRAB
  • NEWSLIVE
    • TOP STORIES
    • LOCAL
    • CITY
    • REGIONAL
    • WORLD
  • IN DEPTH
    • FEATURE
    • HEADS & TAILS
    • OPINION
      • OPINION
      • EDITORIAL
      • KO ANALYSIS
      • LETTERS TO EDITOR
    • SPECIAL REPORT
    • INTERVIEW
    • REVIEW
      • BOOKS
    • LONGFORM
  • BUSINESS
    • BUSINESS NEWS
    • MARKET
    • ENERGY
    • HORTICULTURE
    • HANDICRAFTS
    • CARS & BIKES
    • STARTUP KASHMIR
  • SPORT
    • FOOTBAL
    • CRICKET
    • ADVENTURE SPORTS
    • GOLF
    • ATHLETICS
    • SKIING
    • OTHER SPORTS
  • MEDIA
  • PEOPLE
  • CULTURE
    • KHYEN CHYEN
    • ARTS
    • CRAFTS
    • FESTIVALS
    • THEATER
    • LANGAUGE
  • TRAVEL
    • HOUSEBOATS
    • HOTELS
    • ANGLING
    • CAMPING
    • DESTINATION FOCUS
  • SOCIETY
    • EDUCATION
    • HEADS & TAILS
    • GENDER
    • YOUTH
    • CHILD WELFARE
  • LITERATURE
    • SHORT STORY
    • BOOKS
    • NARRATIVE
  • CINEMA
    • CINEMA & TV
  • ePAPERS
    • BAZAAR OBSERVER
    • YOUNG KASHMIR
    • MIZRAB
No Result
View All Result
Kashmir Observer
No Result
View All Result
Home NEWS TOP STORIES

Rs 223 Crore Bank Fraud: ACB Charges Ex-Registrar Cooperatives

by Observer News Service
November 17, 2020
A A
5
SHARES
228
VIEWS
J&K Cooperative Bank

Srinagar: The Anti-Corruption Bureau (ACB) on Tuesday filed a supplementary charge sheet against two people, including former Registrar of Cooperative Societies in a whopping Rs 223 Crore loan fraud unearthed in J&K State Cooperative Bank Srinagar in March this year.

The ACB filed a supplementary charge sheet against the then Registrar of Cooperative Societies J&K Mohd Mujib- Ur-Rehman and his deputy Ashiq Hussain in the Rs 223 Crore J&K State Cooperative Bank loan Scam, an ACB spokesperson said Tuesday. He said both the accused were produced in the court when the charge sheet was filed.

“Both accused were remanded to judicial custody by the Court,” he said.

ADVERTISEMENT

According to the Bureau spokesperson, the 223 crore scam was unearthed by the Bureau in March this year, involving many bank officials, including the ex-chairman Mohammad Shafi Dar and Hilal Ahmad Mir, the chairman of non-existent Cooperative Society named River Jhelum Cooperative house Colony at Shivpora Srinagar, who was arrested on May 18. The ACB has already filed a charge sheet against Dar, Mir and other accused on November 08.

He said that the lone to the tune of Rs. 250 Crores was sanctioned in favour of a non-existent society for the purposes of construction of a satellite Township at Shivpora Srinagar bypassing the credit policy of the bank and on the basis of false and fabricated documents

Read Also

Encounter Breaks Out In South Kashmir’s Kulgam

Flash Flood In Sikkim; 23 Army Personnel Missing

The ACB spokesperson further said that the investigation has further revealed that the then Registrar Co-operative Societies and his deputy had issued a letter to J&K State Co-operative Bank under the signature of the Registrar despite knowing fully well that such a society did not exist after checking all the relevant office records.

“On the receipt of said letter, loan to the tune of Rs. 223 crore was sanctioned in favour of the non-existent society by bank Chairman. Investigation has further established that the agenda items of non- existent society were also created on 23.01.2019 before the sanction and disbursement of loan to the tune of Rs. 223 Crores. The Bye Laws of the said society were created on 21.11.2019 fictitiously by the ex- Chairman of the bank,” the Bureau spokesperson said.

He added that the court has fixed November 23 as the next date of hearing the case.

Follow this link to join our WhatsApp group: Join Now

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.

ACT NOW
MONTHLYRs 100
YEARLYRs 1000
LIFETIMERs 10000

CLICK FOR DETAILS

Share2Tweet1SendShareShareSend
Previous Post

Who Will Be The First To Get Covid-19 Vaccines?

Next Post

180 Govt Schools Being Converted Into ‘Smart Schools’

Observer News Service

Observer News Service

Related Posts

Encounter Breaks Out In South Kashmir's Kulgam
LOCAL

Encounter Breaks Out In South Kashmir’s Kulgam

Flash Flood In Sikkim; 23 Army Personnel Missing
REGIONAL

Flash Flood In Sikkim; 23 Army Personnel Missing

LAHDC Elections: Polling Underway In 26 Constituencies
LOCAL

LAHDC Elections: Polling Underway In 26 Constituencies

Police Rejects News Report Claiming ‘Betrayal’ By DSP Adil Mushtaq
LOCAL

Police Rejects News Report Claiming ‘Betrayal’ By DSP Adil Mushtaq

IAF Is Constantly Monitoring Situation Along LAC: Air Chief Marshal Chaudhari
REGIONAL

Constantly Monitoring LAC Situation: IAF Chief

Mehbooba Calls Raids At Newsclick Premises 'Fishing Expedition'
LOCAL

Mehbooba Calls Raids At Newsclick Premises ‘Fishing Expedition’

Next Post
‘We’re Treated as Labourers’: Endless Woes of Kashmir’s Private Teachers

180 Govt Schools Being Converted Into 'Smart Schools'

J&K Crime Branch Files Chargesheet Against Kathua Man For Duping Job Seekers

Private Company Cheats People In Kathua, 7 Booked

Please login to join discussion

Pages

  • ABOUT US
  • ADVERTISE IN KO
  • ARCHIVE
  • BE PART OF QUALITY JOURNALISM
  • CONTACT
  • CONTRIBUTORS
  • INTERNSHIPS AT OBSERVER
  • JOBS@KO
  • KO – Homepage
  • MISSION STATEMENT
  • POLICIES
    • COMMENTING GUIDELINES
    • COOKIE POLICY
    • DISCLAIMER
    • PRIVACY POLICY
    • TERMS
  • Refund Policy
  • Team

SEARCH IN ARCHIVE

No Result
View All Result

FOLLOW US

About Us

The media in Kashmir, comprising a robust English and vernacular press has a particularly unenviable job to do. The problems faced by it are both universal to the conflict situations and unique to the region. Read More

Advertising

For Advertising on various Kashmir Observer platforms
contact

[email protected]
+91-194-2502327; +91-1947969705

© 1997 -2023 | KASHMIR OBSERVER LLP

No Result
View All Result
  • NEWS
    • TOP STORIES
    • LOCAL
    • CITY
    • REGIONAL
    • WORLD
  • IN DEPTH
    • FEATURE
    • HEADS & TAILS
    • OPINION
      • OPINION
      • EDITORIAL
      • KO ANALYSIS
      • LETTERS TO EDITOR
    • SPECIAL REPORT
    • INTERVIEW
    • REVIEW
      • BOOKS
    • LONGFORM
  • BUSINESS
    • BUSINESS NEWS
    • MARKET
    • ENERGY
    • HORTICULTURE
    • HANDICRAFTS
    • CARS & BIKES
    • STARTUP KASHMIR
  • SPORT
    • FOOTBAL
    • CRICKET
    • ADVENTURE SPORTS
    • GOLF
    • ATHLETICS
    • SKIING
    • OTHER SPORTS
  • MEDIA
  • PEOPLE
  • CULTURE
    • KHYEN CHYEN
    • ARTS
    • CRAFTS
    • FESTIVALS
    • THEATER
    • LANGAUGE
  • TRAVEL
    • HOUSEBOATS
    • HOTELS
    • ANGLING
    • CAMPING
    • DESTINATION FOCUS
  • SOCIETY
    • EDUCATION
    • HEADS & TAILS
    • GENDER
    • YOUTH
    • CHILD WELFARE
  • LITERATURE
    • SHORT STORY
    • BOOKS
    • NARRATIVE
  • CINEMA
    • CINEMA & TV
  • ePAPERS
    • BAZAAR OBSERVER
    • YOUNG KASHMIR
    • MIZRAB

© 1997 -2023 | KASHMIR OBSERVER LLP