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Tulail’s Badugam residents stage protest against JK Bank Manager for taking loan in customer’s names ‘fraudulently’

By News Desk

September 16, 2022

The residents of Badugam village of Tulail in north Kashmir’s Bandipora district on Thursday held a protest against a JK Bank Manager who allegedly took loan from the bank on “customer’s names fraudulently.”

The protesters, while speaking to the news agency—Kashmir News Observer (KNO), said that a few years ago the bank manager of J&K Bank Badugam unit had taken the loans from the bank in their names while they were not informed about it.

“Loans have been allegedly taken from the bank in the names of about forty people, while these people are not even aware of it,” they said.

“I have no idea when the money was withdrawn from our names. I was in Srinagar a few days ago when I got a message on my phone saying that I owe 25000 to this bank. I was shocked,” said one of the protester.

Mushtaq Ahmad, another protester said that the poor people here have been cheated and we will never tolerate it. “Strict legal action should be taken against whoever is found involved in this action,” he said.

“A few days ago, when I went to the bank, I was told that you have taken a loan from here, which I have never taken,” says another protester.

Meanwhile, a police official said that they have registered a case in this matter and detained the bank manager while the further investigation is going on—(KNO)