Srinagar, Oct 22 :
The Special Crime Wing of Crime Branch Kashmir has filed a chargesheet against the then branch manager of J&K Grameen Bank, Lalpora, Kupwara, in an alleged fraud and misappropriation case involving customer and bank funds, officials said.
In a statement issued to the news agency—Kashmir News Observer (KNO), a spokesperson said the chargesheet against Abhisek Prajapat was filed before the Court of Judicial Magistrate 1st Class, Sogam, Lolab, Kupwara, in connection with allegations of cheating, criminal breach of trust and misappropriation during his tenure at the bank’s Lalpora and Kanthipora branches.
He said the case originated from a complaint lodged by the Regional Manager of J&K Grameen Bank, Kupwara, which was forwarded by the Anti-Corruption Bureau (ACB), J&K, to Crime Headquarters for necessary action.
Following preliminary verification by the Economic Offences Wing, Crime Branch Kashmir, FIR No. 09/2026 was registered at Police Station Special Crime Wing, Crime Branch Kashmir, on May 13, 2026, and an investigation was initiated.
The spokesperson said the investigation revealed that the accused had allegedly transferred Rs 1.19 lakh from various customer accounts to his personal bank account under the pretext of loan documentation, file charges and other related expenses.
The investigation also revealed the alleged diversion of Rs 25,850 from official bank expenditure accounts, while another Rs 24,100 was shown as unwarranted expenditure, resulting in a reported loss of Rs 49,950 to the bank, he said.
The spokesperson further said Prajapat was dismissed from the services of J&K Grameen Bank on February 13, 2025, following departmental proceedings.
The chargesheet has been filed under Sections 409 and 420 of the Indian Penal Code (IPC), pertaining to criminal breach of trust and cheating, respectively, read with Section 193 of the Bharatiya Nagarik Suraksha Sanhita (BNSS), for judicial determination. The Crime Branch urged the public to remain vigilant against financial fraud and report such cases to the concerned authorities for necessary legal action.—(KNO)