CBK Files Charge-Sheet Against Siblings, Another Accused For Fraudulent Loan Transfer

Srinagar, Nov 30 (GNS):  Crime Branch Kashmir on Tuesday produced the charge-sheet against two siblings and another accused person for “fraudulently and dishonestly transferring the sanctioned loan amount into their accounts instead of real person.

The charge-sheet against accused persons namely Nazir Ahmad Dar (the then Advance Clerk J&K Bank Handwara), his sister (working in revenue department) and Shabir Ahmad Sheikh (the then Advance Manager J&K Bank Handwara) was produced before Chief Judicial Magistrate, Handwara.

According to a statement by CBK, case (FIR No. 35/2014 U/S 420, 467, 468, 471, 109, 120-B RPC of Police Station Crime Branch Kashmir) was registered based on a complaint that the complainant applied for the housing loan to the tune of 06 lakh from JKB Handwara in 2011 and in pursuance of this, the Bank authorities obtained 06 cheques from the complainant.

“The accused persons in criminal conspiracy with each other have dishonestly and fraudulently credited these cheques into the bank accounts of the sister of prime accused Nazir Ahmad Dar.” (GNS)