Jammu & Kashmir

Crime Branch files charges against two former bankers for ’embezzlement of funds’

Baramulla Central Co-operative Bank.

Srinagar: Crime Branch Kashmir has produced the charge sheet against two former bankers for their alleged involvement in embezzlement of funds.

According to a statement, the charge sheet was filed in case FIR No. 24/2016 of P/S Crime Branch Kashmir against Ghulam Ahmad Shah, son of Ghulam Mohammad Shah, of Hajin, Bandipora (then Cashier-cum-Clerk in the Baramulla Central Cooperative Bank Ltd., Palhallan Branch) and Mohammad Sabir Dar, son of Mohammad Subhan Dar, a resident of Noor Din Colony, Baramulla (then Branch Manager of the Baramulla Central Cooperative Bank Ltd., Palhallan Branch) before the court of Judicial Magistrate 1st Class, Pattan.

The statement reads that brief facts of the case are that Crime Branch Kashmir had received a written communication from the Registrar of Cooperative Societies, J&K which, inter-alia, alleged that some officials of the Baramulla Central Cooperative Bank Ltd. have dishonestly and fraudulently embezzled large amounts of public money in different Branches of the Bank (including the Palhallan Branch) etc.

“Accordingly, the instant case was registered at P/S Crime Branch Kashmir in the year 2016 and investigation started,” it reads.

It added that during the investigation, allegations leveled against the accused individuals were substantiated and conclusively proved.

“Accordingly, the charge-report u/S 173 CrPC against the two accused individuals has been produced before the court of competent jurisdiction for judicial determination,” it reads.

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