Excelsior Correspondent
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 the official spokesman, Crime Branch Kashmir received a communication from Branch Head J&K Bank Branch Zainkote, Srinagar which inter-alia revealed that J&K Bank business unit Zainkote sanctioned a term loan facility of Rs 30 lakhs in favour of Sheikh Sami-ullah, 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 the said person 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 executed in this regard was kept mortgage against the said loan”, spokesman said, adding that the said person 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 03 kanals and 09 marlas.
The said accused (borrower) turned defaulter and failed to repay both the loans sanctioned in his favour as per agreed terms and conditions as a consequence of which the loan accounts with concerned Bank Branches was classified as “Non-Performing Asset”(NPA). The relevant documents were sent to Tehsildar Territorial Srinagar for verification and the report sought from the concerned Tehsildar, which reveals that the revenue extracts as well as the mortgage deeds produced by the said borrower are fake and forged.
The afore said act of omission and commission on the part of the alleged accused Sheikh Samiullah in connivance with Bank officials, prima-facie disclosed the commission of offences punishable under 420, 467, 468 and 471 RPC.
Follow our WhatsApp channel