Srinagar, July 01:
The Economic Offences Wing (EOW) Kashmir of Crime Branch J&K has filed a chargesheet in a massive Kisan Credit Card (KCC) loan manipulation scam involving over Rs 1.04 crore.
In a press Statement issued here, the CBK said that the chargesheet was submitted before the Court of Additional Special Judge Anti-Corruption, Srinagar, in FIR No. 20/2018 under Sections 420, 467, 468, 471, 409, and 201 RPC read with Section 5(2) of the Prevention of Corruption Act.
The accused has been identified as Rouf Mohammad Wani, son of late Mohammad Akbar Wani, resident of Hanjura, Chadoora, Budgam. He allegedly siphoned off Rs 1,04,48,141 through unauthorized transactions, manipulation of KCC loan limits, and misuse of banking credentials.
According to EOW, Wani, while working as a daily wager at J&K Bank Business Unit Dada Ompora, Chadoora, fraudulently debited customers’ accounts and enhanced credit limits of KCC accounts without authorization. He misused banking credentials to divert funds for wrongful gain to himself and his family members, causing corresponding loss to the bank.
The investigation has been completed and the chargesheet filed for judicial adjudication, officials said.
EOW Kashmir has advised the public to remain vigilant against economic fraudsters and report any such incidents to SSP, EOW Kashmir, Crime Branch J&K. Victims of economic fraud can also submit complaints via email at sspeow-kmr@jkpolice.gov.in, reads the statement.(SNS)