SRINAGAR: The Economic Offences Wing (EOW) Kashmir of the Crime Branch, Jammu and Kashmir, has filed a chargesheet against a man accused of orchestrating a fraud involving more than Rs 1.04 crore through unauthorised banking transactions, manipulation of Kisan Credit Card (KCC) loan limits and misuse of banking credentials.
The chargesheet has been filed before the Court of the Additional Special Judge, Anti-Corruption, Srinagar, in connection with FIR No. 20/2018 registered under Sections 420, 467, 468, 471, 409 and 201 of the Ranbir Penal Code, 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, a resident of Hanjura, Chadoora in Budgam district.
According to the EOW, the investigation revealed that Wani, while working as a daily wager at the J&K Bank Business Unit in Dada Ompora, Chadoora, allegedly fraudulently debited customers’ accounts, enhanced the credit limits of KCC accounts without authorisation and misused banking credentials to siphon off funds.
Investigators said the accused allegedly committed the fraud for wrongful gain to himself and his family members, causing a corresponding financial loss of Rs 1,04,48,141 to the bank.
Following the completion of the investigation, the Crime Branch filed the chargesheet before the competent court for judicial adjudication.
Meanwhile, the EOW has urged the public to remain vigilant against economic fraud and report such offences to the Senior Superintendent of Police, EOW Kashmir. Victims of economic fraud can also lodge complaints through email at [email protected].
