Srinagar, July 1 (KNC): The Economic Offences Wing (EOW) Kashmir of the Crime Branch J&K has filed a chargesheet against a former daily wager of J&K Bank for his alleged involvement in a multi-lakh Kisan Credit Card (KCC) loan fraud involving unauthorized banking transactions and manipulation of loan accounts amounting to over ₹1.04 crore.

According to an official statement, the chargesheet has been filed before the Court of the Additional Special Judge Anti-Corruption, Srinagar, in connection with FIR No. 20/2018 under Sections 420, 467, 468, 471, 409 and 201 of the Ranbir Penal Code (RPC), read with Section 5(2) of the Prevention of Corruption Act.

The accused has been identified as Rouf Mohammad Wani, son of Late Mohammad Akbar Wani, a resident of Hanjura, Chadoora in Budgam district.

Investigations conducted by the EOW revealed that the accused, while working as a daily wager at the J&K Bank Business Unit Dada Ompora, Chadoora, allegedly fraudulently debited customers’ accounts, illegally enhanced credit limits of KCC accounts without authorization and misused banking credentials to siphon off funds.

The probe established that the accused allegedly carried out the fraudulent activities for wrongful financial gain to himself and his family members, causing a corresponding loss of ₹1,04,48,141 to the bank.

Following the completion of the investigation, the Crime Branch’s Economic Offences Wing submitted the chargesheet before the competent court for judicial proceedings.

Meanwhile, the EOW Kashmir has urged the general public to remain alert against financial and economic frauds and report such offences to the Senior Superintendent of Police (SSP), Economic Offences Wing, Crime Branch J&K.

Victims of economic fraud can also submit complaints through the official email sspeow-kmr@jkpolice.gov.in, the statement added. (KNC)