Ex-bank manager, clerk booked for Rs21-lakh fraud

Tribune News Service

Jammu, December 11

The Crime Branch, Kashmir, has registered a case against former manager of Central Co-operative Bank, Tangdhar, and a clerk for embezzlement of funds to the tune of Rs 21 lakh.

An FIR was registered against Latief Ahmed Chalkoo, the then manager of the bank, and Ghulam Rasool Dar, the clerk who has retired now.

Giving details, the Crime Branch said a preliminary inquiry revealed that the embezzled amount was transferred to various bank accounts and thereafter it was fraudulently withdrawn. It also cameto the fore that the accused used bank accounts of dead persons to defraud the bank.

It has also came to fore that in the BCCB branch, ledgers, day books, account sheets, account opening forms, etc, had been manipulated. The accused deceitfully used one account without the consent of the account holder and withdrew the amount illegally and fraudulently.

The Crime Branch said these acts of omission and commission on the part of the accused prima facie amounted to the commission of offences punishable under Sections 420, 467, 468, 471, and 120-B of the Ranbir Penal Code along with Section 5 (1) (d) of the J&K Prevention of Corruption Act.