Srinagar, Nov 20: Special Judge CBI Srinagar SC Katal after hearing both the sides observed that prosecution case is that one Ishtiyaq Ahmad Parray during his tenure (from 01.02.2014 to 04.06.2018) as Branch Head at JKGB Mirgund in pursuance to criminal conspiracy hatched with other unknown public servants and Private persons, have embezzled bank money to the tune of rupees three crores by way of sanctioning of car loans in favour of non-existing borrowers on the basis of fake and fictitious KYC and other mandatory documents resulting wrongful loss of about rupees three crores along with interest caused to the bank and corresponding wrongful gain to himself and other unknown persons, accordingly, the FIR came to be registered.
Special Judge, thereafter framed charges against Ishtiyaq Ahmad Parray Branch Head at Jammu and Kashmir Grameen Bank Mirgund, Mushtaq Ahmad Wani and Ghulam Mohammad Dar U/Sec. 5(1)(c)/5(2) J&K PC Act. Svt. 2006 r/w Sections 120-B, 409, 420 & 471 RPC.
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