Excelsior Correspondent
JAMMU, June 26: The Special Crime Wing (SCW) of the Crime Branch (CB) Jammu has filed a chargesheet against a man in a bank loan fraud case involving Rs 9 lakh.
The chargesheet was filed in connection with FIR number 22 of 2023 registered under sections 420, 465, 468, 471, and 120-B of the Ranbir Penal Code at Police Station SCW Jammu, an SCW official said.
According to him, the accused in the case, Jatinder Singh Sodhi of Kanispora, Baramulla, is alleged to have availed a term loan fraudulently from Punjab National Bank’s Canal Road Branch in 2016.
A case against him was registered after the bank lodged a complaint stating that the accused had submitted forged documents and failed to repay the loan, which was sanctioned for establishing a business unit named M/S Three Brackets IT Tech in Bemina, Srinagar, he said.
The SWC official further said the accused opened a savings account introduced by his sister and later applied for the business loan.
“A preliminary verification revealed that the driving license submitted by him was forged. The loan soon turned into a Non-Performing Asset due to non-payment, causing a financial loss to the bank,” he said.
“After a detailed investigation conducted by Inspector Nissar Ahmed Bhat under the supervision of SSP Sanjay Parihar, the allegations were found to be true,” said the SCW official.
He said the accused was found to have cheated the bank by submitting fake documents and conspiring to obtain the loan dishonestly.
As such, he said, the chargesheet in the case was presented before the Court of Sub-Judge Jammu today.
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