CBI court frames charges against Branch Manager, others

Excelsior Correspondent
JAMMU, Nov 20: Special Judge CBI Srinagar SC Katal has framed charges against Ishtiyaq Ahmad Parray, Branch Head at JKGB Mirgund, Mushtaq Ahmad Wani and Ghulam Mohammad Dar under Prevention of Corruption Act.
The prosecution case is that one Ishtiyaq Ahmad Parray during his tenure (from 01.02.2014 to 04.06.2018) as Branch Head at JKGB Mirgund in pursuance to criminal conspiracy hatched with other unknown public servants and private persons, embezzled bank money to the tune of Rs 3 crore by way of sanctioning of car loans in favour of non-existing borrowers on the basis of fake and fictitious KYC and other mandatory documents.
The accused Ishtiyaq Ahmad Parray in connivance with accused Ghulam Mohammad Dar dishonestly sanctioned car loans of Rs 5 lakh in favour of Ghulam Mohammad Dar. The Ghulam Mohammad Dar provided his fake/forged driving licence and the accused Ishtiyaq Ahmad Parray on basis of fake driving licence and without verifying the income sanctioned car loan which is violation of the norms of bank.
After perusal of the record, the court observed, “there is sufficient material on record at this stage to proceed against accused persons. Hence, prima facie case is made out for framing of the charge under Prevention of Corruption Act read with Sections 120-B, 409, 420 & 471 RPC against the accused persons”.