Srinagar- On the directions of Chief Judicial Magistrate (CJM) Srinagar, Crime Branch (CB) lodged an FIR against the then JK Bank Manager Ashiq Ahmad Malik, Branch Amira Kadal Srinagar for Criminal Breach of Trust and Cheating.
Court added that the investigation of the case will take place under the overall monitoring of the court.
As per order of the court, one customer namely Bilal Ahmad Bhat Proprietor of a firm M/s Marina traders had approached the Court of Chief Judicial Magistrate Srinagar through his Counsel Advocate Tasaduk Hussain Reshi with a written criminal complaint alleging that the then Manager of J&K Bank Branch Amira Kadal Ashiq Ahmad Malik has put an amount of 53.30 Lakhs to his personal use without any lawful authority by allowing huge withdrawals from his personal computer to the fictitious persons through fraud and forgery.
He further alleged that the said Manager in order to deceive the complainant used to grant overdrafts on his own account without any request from the complainant beyond permissible limits thereby causing huge loss to the firm.
Meanwhile, Court of Chief Judicial Magistrate Srinagar Farooq Ahmad Bhat while hearing the arguments of counsel for the complainant Advocate Tasaduk Hussain Reshi and on the basis of available record observed that, “there is eminent possibility of Bank fraud being committed as the act being dishonest. In the prevailing circumstances the fraud causes loss to the victim directly or indirectly and the question of deceit and breach of trust cannot be brushed aside”.
At the same time SSP Crime Branch was directed to register an FIR in the matter in question and investigate into the allegations put forth by the petitioner within the parameters of law.
SSP Crime Branch by virtue of the same order was further directed to furnish the status report weekly or fortnightly before the court of Chief Judicial Magistrate (CJM) Srinagar about the progress of investigation.
While acting on the orders of the court Crime Branch Kashmir registered a case bearing FIR number 38/2021 against the then Manager of J&K Bank Branch Amira Kadal Ashiq Ahmad Malik and Nazir Ahmad Gassi one of the partners of the firm under sections 409 & 420 of Indian Penal Code.
Meanwhile the arrest of the accused is expected soon in this regard.
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