Excelsior Correspondent
SRINAGAR, Sept 7: Crime Branch Kashmir today registered a case against a person for cheating the JK Bank by producing forged documents to get a loan.
As per official spokesman, Crime Branch Kashmir received a complaint from Branch Head J&K Bank Business Unit Nowhatta Srinagar alleging therein that Tasaduq Khaliq Mir, Proprietor M/s Fashion Crap availed cash credit loan of Rs 10 lakh for his wholesale and retail trade of clothes and also availed a cash credit loan of Rs 21 lakh from the J&K Bank Business Unit Ganderbal.
“The loans were granted against mortgage of a three-storied residential house along with land underneath and appurtenant thereto measuring 1 Kanal and 3 Marlas situated at Mouza Buchpora Tehsil Srinagar. After completing all legal formalities the sanctioned amount was disbursed in favour of the said loanee”, spokesman added.
The spokesman said that the loanee subsequently turned a defaulter and failed to repay the loans as per agreed terms and conditions and was classified as a non-performing asset in September 2013, adding that the present balance outstanding in the said loan account is Rs 54.10 lakh.
“The loanee has also availed a credit card facility of Rs 50,000 from Business Unit Ganderbal having a present balance outstanding of Rs 4.41 lakh. The bank authorities during their process of making effective recovery from the loanee found that the three-storied residential House along with land underneath and appurtenant thereto measuring 1 Kanal and 3 Marlas situated at Mouza Buchpora was not recorded in his name who defrauded the J&K Bank Branch Units both at Nowhatta and Ganderbal by furnishing fake and forged revenue documents”, the spokesman stated.
He stated that the accused Tasaduq Khaliq Mir, son of Abdul Khaliq Mir of Illahi Bagh Srinagar cheated the J&K Bank branches dishonestly and fraudulently on the basis of forged revenue documents in league with the concerned revenue officials who by abuse of their official position paved way for such cheating to cause wrongful gain upon himself against a corresponding loss to the J&K Bank Business Units Nowhatta and Ganderbal.
Accordingly, a case under FIR Number 39/18 under Sections 420, 467, 468, 471,120-B RPC r/w 5(2) PC Act has been registered against Tasaduq Khaliq and others and further investigation has been taken up.
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