A J&K assistant manager was arrested for making fraudulent debits amounting to Rs 126.34 lacs.
A senior police officer told news agency Kashmir Scroll that a case FIR number 10/2024, under section 409 IPC, has been registered at Police Station Pouni against accused namely Ishwinder Singh, Asst Manager, JK Bank Pouni for making fraudulent debits from various inactive/deceased accounts amounting to the tune of Rs 126.34 lacs.
He said that the modus operandi of the accused officer involved discretely activating the dormant accounts and then illegally withdrawing deposited money.
This practice was allegedly going on for the last three years and an amount of Rs 126.34 lakhs was illegally withdrawn by accused Asst Manager Ishwinder Singh, who is a resident of Pouni.
A dormant account is an account that has had no financial activity for a long period of time, except for the posting of interest. After the dormancy period, dormant accounts become the unclaimed property of the state.
The fraud came into notice of the bank after the accused withdrew amount from an already active account following which the account holder lodged a complaint, he said
“Police team led by Dy.SP Hqrs. Reasi Sh. Neeraj Padyar-JKPS raided at various locations in Jammu. Finally today on a specific information accused namely Ishvinder Singh Ranyal S/O Mohinder Singh R/O Pouni A/P H. No. 60-A Sainik Colony Jammu got arrested,” Officer added.
Sharing the information SSP Reasi Mohita Sharma said that the criminal who was evading the arrest from the last one month and who wrongfully gained the amount causing loss of public money of worth Rs 126.34 lakhs by way of cheating and falsification of accounts at JK Bank Branch Pouni arrested today.(KS)