Srinagar: The Economic Offences Wing (EOW), Kashmir, of the Crime Branch has filed a chargesheet before the Court of the Additional Special Judge, Anti-Corruption, Srinagar, in connection with an alleged ₹1.04 crore Kisan Credit Card (KCC) loan manipulation scam.
The chargesheet has been filed in FIR No. 20/2018 under Sections 420, 467, 468, 471, 409 and 201 RPC, read with Section 5(2) of the Prevention of Corruption Act, against Rouf Mohammad Wani, son of late Mohammad Akbar Wani, a resident of Hanjura, Chadoora, Budgam.
According to the investigation, the accused, while working as a daily wager at the J&K Bank Business Unit, Dada Ompora, Chadoora, allegedly fraudulently debited customers’ accounts, enhanced Kisan Credit Card loan limits without authorisation and misused banking credentials to siphon off funds.
The EOW said the investigation found that the accused allegedly committed the fraud for wrongful personal gain and to benefit his family members, causing a wrongful loss of ₹1,04,48,141 to the bank.
Following completion of the investigation, the chargesheet has been filed before the competent court for judicial proceedings.
