Supplementary charges filed in Rs 223 cr loan scam of Coperative Bank
Two officials sent to judicial custody
Srinagar, Nov 17: Anti-Corruption Bureau has produced a supplementary charge-sheet in the case related to Rs 223 crore loan scam in J&K State Co-operative Bank Ltd.
According to an ACB statement, supplementary charges were framed against the then Registrar of Cooperative Societies J&K, Mohammad Mujib-Ur-Rehman-Ghassi , and the then Registrar of Cooperative Societies J&K, and the then Deputy Registrar of Cooperative Societies J&K, Ashiq Hussain in the Rs 223 crore J&K State Cooperative Bank loan scam.
Both accused were arrested prior to production of chargesheet and produced in court were remanded to judicial custody by the court, ACB said.
Sharing details of the case, ACB said a case (FIR 04/2020) which was registered against the Chairman J&K State Co-operative Bank Ltd., Mohammad Shafi Dar of Majeed Bagh Barzulla Srinagar and others (u/s 5(1) (d) r/w Section 5(2) PC Act and sections 465,467,468,471,120-B/RPC) in ACB Srinagar for allegedly sanctioning loan to the tune of Rs 250.00 crores in favour of a non-existent society under the name and style River Jhelum Co-operative House Building Society, Magarmal Bagh, Srinagar, for construction of a satellite township at ShivpPora Srinagar.
This loan was sanctioned bypassing the credit policy of the bank and on the basis of false and fabricated documents, the ACB said, adding it has already filed a charge-sheet in this case on November 08, 2020 against Dar, and Hilal Ahmad Mir, chairman, and Abdul Hamid Hajam, secretary of the said non-existent co-operative society. Further investigation of the case is in progress, ACB said.