EOW Kashmir Files Chargesheet in Rs. 3.11 Crore Central Co-operative Bank Embezzlement Case
The Economic Offences Wing (EOW) Kashmir of Crime Branch J&K has filed a chargesheet in FIR No. 25/2016 under Sections 420, 468, 471 and 120-B RPC before the Hon’ble Court of the Chief Judicial Magistrate, Handwara, for offences relating to cheating, forgery, use of forged documents and criminal conspiracy.
The investigation was undertaken on the basis of a written communication received from the then Registrar, Co-operative Societies, J&K, alleging large-scale financial irregularities and embezzlement in various branches of the Central Co-operative Bank, Baramulla. During the investigation, it was established that the then Branch Manager of the Langate Branch, acting in connivance with other accused persons, fraudulently sanctioned fictitious loans and permitted overdrafts far in excess of his delegated financial authority, leading to the misappropriation of approximately Rs. 3.11 crore of the bank’s funds. The investigation further disclosed that the accused entered into a criminal conspiracy to facilitate these fraudulent transactions, thereby causing substantial wrongful loss to the bank. The allegations were substantiated during the investigation, and accordingly, the chargesheet has been presented before the competent court for judicial adjudication.
The accused chargesheeted in the case are: (1) Ghulam Mohd Beigh (Retired Branch Manager), son of Ghulam Mohi-ud-Din Beigh, resident of Kenyal Tarthpora, Handwara; (2) Abdul Hamid Gojrii (Cashier-cum-Clerk), son of Abdul Razzak Gojrii, resident of Gund Karim Khan, Rafiabad.
The Crime Branch has advised the public to remain vigilant against such economic frauds and report any suspicious activities to the SSP, EOW Kashmir. Victims may also lodge complaints through email at sspeow-kmr@jkpolice.gov.in
