SRINAGAR, Aug 1: The Economic Offences Wing (EOW) Kashmir of the Crime Branch, Jammu and Kashmir, has filed a chargesheet in a ₹3.11 crore embezzlement case involving the Central Co-operative Bank, Baramulla, before the Court of the Chief Judicial Magistrate, Handwara.
The chargesheet has been filed in FIR No. 25/2016 under Sections 420 (Cheating), 468 (Forgery), 471 (Using Forged Documents as Genuine) and 120-B (Criminal Conspiracy) of the Ranbir Penal Code (RPC) after completion of a detailed investigation into the alleged financial fraud.
According to the Crime Branch, the case was registered following a complaint from the then Registrar of Co-operative Societies, J&K, who reported large-scale financial irregularities and suspected embezzlement in various branches of the Central Co-operative Bank, Baramulla.
Investigations revealed that the then Branch Manager of the Langate Branch, allegedly in connivance with other accused, fraudulently sanctioned fictitious loan accounts and permitted overdrafts far beyond his delegated financial powers. These fraudulent transactions allegedly resulted in the misappropriation of nearly ₹3.11 crore from the bank.
The probe further found that the accused had entered into a criminal conspiracy by preparing and using forged documents and manipulating official records to facilitate the fraudulent loans and overdrafts, causing substantial financial losses to the bank.
Based on the evidence gathered during the investigation, the Crime Branch filed the chargesheet before the competent court for judicial proceedings.
The accused named in the chargesheet are:
Ghulam Mohd Beigh, retired Branch Manager, son of Ghulam Mohi-ud-Din Beigh, resident of Kenyal Tarthpora, Handwara.
Abdul Hamid Gojrii, Cashier-cum-Clerk, son of Abdul Razzak Gojrii, resident of Gund Karim Khan, Rafiabad.
Meanwhile, the Crime Branch has urged the public to remain vigilant against economic offences and financial frauds. Citizens have been advised to report any suspicious financial activities to the SSP, EOW Kashmir, while victims of financial fraud can also lodge complaints through the wing’s official email.
