Ex-Bank Manager Held Over Rs 3 Cr Fraud

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Srinagar: Police on Tuesday arrested a retired bank manager of Jammu Central Cooperative Bank (JCCB) over charges of alleged misappropriation of public money to the tune of around Rs 3 crores

Abdul Karim, the former Branch Manager of JCCB, Mendhar was arrested by police after a local from Thera Mendhar complained that the money deposited by him with the bank has not been credited into his account, officials said Tuesday. Soon, many other complaints were received by the police, the officials added.

In-charge Bank manager, Subash Chander said that approximately Rs 3 crores have been misappropriated.

SHO Mendhar Manzoor Kohli said that a case has been filed against Karim, who retired from services on December 31, last year.

“We have arrested him and started further investigations. Many other employees of the bank including those who have retired or are in service are on the police radar,” he said. (GNS)

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