SRINAGAR: The Economic Offence Wing of Crime Branch Kashmir on Tuesday arrested a man who had been evading arrest for the last 18 years in several bank loan fraud cases in Srinagar. The man was arrested from his hide-out in the Lajpat Nagar area of New Delhi, on Tuesday.
In a statement, the spokesman of the crime branch said, “Economic Offences Wing Srinagar has arrested a ‘Proclaimed Offender’ named Sami-ul-Lah Sheikh, S/o Abdul Rashid Sheikh, R/o Darish Kadal, Srinagar (a/p Arampora Nawakadal, Srinagar) from New Delhi. He is wanted in multiple cases of cheating and has been evading arrest for the last 18 years.”
“The modus operandi adopted by the accused individual in committing financial crimes was that he would fabricate fake and forged revenue documents and hoodwink the banks by availing hefty loans against such documents. He had swindled more than one crore rupees from various banks and had been constantly changing his residential locations since the year 2007 to escape the clutches of law,” it said.
It added that in case FIR No. 59/2007 of Police Station Special Crime Wing Srinagar (Crime Branch Kashmir), the accused was involved in hatching a criminal conspiracy to fraudulently avail a loan to the tune of Rs 48 lakh from the Indian Overseas Bank (Branch Dalgate, Srinagar) on the basis of fake and forged revenue documents. “The case was charge-sheeted against him (in absentia; u/S 512 CrPC) as well as the other co-accused u/S 420, 468, 471 & 120-B RPC before the court of competent jurisdiction.”
It further said that in a case FIR No. 34/2015 of Police Station Economic Offences Wing Srinagar (Crime Branch Kashmir), the accused was involved in hatching a criminal conspiracy to fraudulently avail a loan to the tune of Rs 37.80 lakh from J&K Bank (Branch Zainakot, Srinagar) on the basis of fake and forged revenue documents.
“The case was charge-sheeted against him (in absentia; u/S 512 CrPC) as well as the other co-accused u/S 420, 467, 468, 471 & 120-B RPC before the Hon’ble court of competent jurisdiction. During the trial of said case, the Hon’ble Court of Pr. District and Sessions Judge Srinagar had declared him a Proclaimed Offender,” he said.
The accused individual is also wanted in case FIR No. 05/2019 of Police Station Economic Offences Wing Srinagar (Crime Branch Kashmir) which pertains to the availing of a loan to the tune of Rs. 30 lakh by producing fake and forged documents, it reads.
