Srinagar, Feb 16: Crime Branch Kashmir has registered a case against a fraudster for availing loan facility from JK Bank by producing fake documents.
According to a Crime Branch statement, J&K Bank business unit Zainkote had sanctioned a term Loan facility of Rs 30 lakhs in favour of one Sheikh Samiullah, son of Mohammad Abdullah Sheikh of Arampora, Nawakadal, Srinagar, for purchase of a residential house along with piece of land situated at Zainakote, Srinagar.
In support of his loan case, Samiullah provided revenue extracts of the land duly issued by concerned Patwari and attested by Tehsildar Territorial Srinagar.
Subsequently, the Bank authorities sanctioned loan of Rs 30 lakh in his favour. The sale deed of the said land was also kept mortgage against the said loan.
Samiullah had also availed another cash credit loan facility of Rs 30 lakhs from J&K Bank Business Unit Residency Road Srinagar against the security of land measuring 3 kanals and 09 marlas falling under Khasra No. 2302/1591/630.
However the borrower turned defaulter, following which it turned out that the revenue extracts as well as the mortgage deeds produced by the borrower were fake and forged.
Crime Branch said a case has been registered anainst Samiullah under section 420, 467, 468, 471 of RPC.
