JK Bank officer and two others detained in fraud case
J&K Police has detained a manager of Jammu and Kashmir Bank and two others for their alleged involvement in a fraud.
Srinagar: Police has detained a manager of
Jammu and Kashmir Bank and two others for their alleged
involvement in a fraud.
Nazir Ahmad, the then manager of Lethpora branch of JK
Bank in Pulwama district, was detained yesterday after
investigations revealed irregularities in distribution of over
Rs 20 crore of compensation amount to the land owners whose
land had been acquired for widening of Jammu-Srinagar National
Highway, officials said.
Two civilians have also been detained while the role
of a senior official of the revenue department is also being
probed, they said.
The accused manager, in connivance with the two
civilians, had illegally transferred the money from the
designated compensation account to another account and issued
cheques to fraudulently withdraw the money.
The case was registered by Deputy Commissioner Pulwama
after it was found that the surplus Rs 20 crores, which should
have been deposited in the government treasury were missing
from the bank account.