Srinagar- A CBI court here has sentenced two septuagenarians to 2 years in jail after holding them guilty of swindling Rs 40 lakhs almost 32 years.
The case was initiated by CBI following a written complaint addressed to S.P CBI New Delhi that the then Sr. Manager State Bank of Patiala in Srinagar Branch J&K entered into a criminal conspiracy with M/S Srinagar Housing Service, Khyam Chowk Srinagar J&K, M/S Jackpot Carpet Industries Srinagar, M/S Sunshine Hussain Srinagar, M/S Farooq Bilal & Co. Srinagar and other unknown persons have cheated the State Bank of Patiala Branch Srinagar.
It was alleged in the complaint that in pursuance of criminal conspiracy K.S. Khurana fraudulently purchased fake foreign instruments amounting to Rs. 41,44,203 in Foreign Demand Negotiations from M/S Srinagar Housing Service, Khyam Chowk Srinagar J&K. The foreign instruments were not issued by the foreign bank and the same were fraudulently prepared, submitted in the bank and got encashed.
It has been further alleged that K.S Khurana has fraudulently shown payments amounting to Rs. 6,41,040/ in different accounts for which no vouchers were available in the bank to show that the payments received by the various accounts holders.
“…it stand establish that accused no 1 (Kanwarjeet Singh Khurana, R/O C543 Urban Estate Phase1 Punjab) being employee of bank & the accused no 3 (Ghulam Qadir Lone of New Road Khona Khan M/S Srinagar Housing Service Khayam Chowk, Srinagar) being partner of accused no 4 (M/S Srinagar Housing Service at Srinagar) in collusion/criminal conspiracy with each other have committed offence u/s 5(1)(d) punishable u/s 5(2) P.C.Act 2006 read with section 120B RPC,”
S.C Katal, Special Judge, AntiCorruption (CBICases) Kashmir, said.
“Hence, both accused persons namely Mr. K.J.S Khurana & accused no 3 namely Ghulam Quadir Lone are held guilty for offence u/s 5(1) (d)/5(2) of P.C.Act 2006 r.w section 120B & convicted accordingly. The accused no 4 is represented by accused no 3.”
However the court said that Ghulam Mohammad Chechoo has expired during trial. “No proceedings lie against a dead person therefore, proceedings against accused stand abate.”
The court said that the fraud in the bank have disastrous effect on the economy of country and the society at large.
“The accused have been facing trial right since 1999 ie from last more than 24 years. The offence was committed in the year 1991-92. ie about 32 years back,” the court said, adding, “The age of the accused No. 1 (Kanwarjeet Singh Khurana) is 76 years and the age of accused No. 2 is 74 year by this time. The accused have swindled the money of bank about forty lacs in the year 1991-92 which was huge amount at that time but keeping in view the old age and health status of accused persons and long agony undergone during trial, the adequate sentence commensurate with the level of their guilt would be two years simple imprisonment and consolidated fine of Rs. Fifty Thousand each.” “The accused will be lodged in Central District Jail Srinagar to undergo awarded imprisonment.”
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