Srinagar, Sep 04: The Economic Offences Wing (Crime Branch Kashmir) has registered a case following a complaint from the General Manager, Anantnag Central Cooperative Bank Ltd., alleging large-scale financial fraud involving the Hatigam Multipurpose Cooperative Society (MPCS).
As per the complaint, loans worth Rs 3.09 Crores were disbursed in 2014 to 127 members of MPCS Hatigam Anantnag. While Rs 2.50 Crores were recovered, Rs 1.21 Crores remain unpaid with 39 members of the said Society.
However, the alleged defaulters claimed they had cleared their dues directly with the Society, producing receipts as proof.
A Preliminary investigation was ordered and revealed that bank officials, in collusion with MPCS members, fraudulently processed fake loan cases in the names of non-existent individuals.
The following accused individuals have been prima facie found involved namely Reyaz Ahmad Bhat (Accountant), Mohammad Shafi Bhat, Ghulam Rasool Bhat, Ghulam Qadir Bhat, Haseena Banoo, Mohammad Yousuf Bhat and others.
Accordingly, an FIR has been registered under Sections 420, 468, 471, 120-B RPC r/w Section 5(2) of the Prevention of Corruption Act at Police Station Economic Offences Wing, (Crime Branch Kashmir). Further investigation is ongoing.
|