Srinagar, Apr 6 2018
Crime Branch Kashmir registered a case against Suraj Singh, Mudasir Nazir, Rouf Ahmad Sofi, Firduous Bashir Dar and Muhammad Iqbal Dar who have induced the J&K Bank to sanction and disburse consumption loans in their favour by producing fake and forged documents.
The modus operandi adopted by the accused persons was that fake government accounts were opened at different branches of the bank in which cash was being regularly deposited and the accounts were regularly debited on monthly basis.
The funds were credited to some savings Bank Accounts purported to be the salary accounts of the accused persons. The accused persons have thus caused wrongful gain upon themselves against corresponding wrongful loss to the bank.