Home / Crime and Justice / Grameen Bank Branch Accused of ₹68 Lakh Fraud
Grameen Bank Branch Accused of ₹68 Lakh Fraud
28 Jun
Summary
- Over ₹68 lakh suspected fraud unearthed in Jammu and Kashmir Grameen Bank.
- Fraudulent accounts were opened at Kaluchak and Surankote branches.
- Allegations include fake loan accounts, unauthorized transactions, and fund diversion.
An Economic Offences Wing FIR has been registered concerning an alleged fraud of over ₹68 lakh within the Jammu and Kashmir Grameen Bank. This action follows an internal vigilance inquiry that identified suspected fake loan accounts, unauthorized transactions, and fund diversions. The inquiry found that at the Kaluchak branch, 58 loan accounts and two cash credit limit accounts were fraudulently operated without account holder consent, leading to an estimated loss of ₹42 lakh.
Further details indicate that approximately ₹12 lakh was allegedly diverted to accounts held in the name of a deceased senior manager. In a separate complaint regarding the Surankote branch, allegations point to unauthorized transactions and loan withdrawals worth about ₹19 lakh through five allegedly fake loan accounts.
These accounts were reportedly manipulated to reconcile branch cash positions. The Crime Branch Jammu has registered a case against Rohit Kumar and other suspected individuals for a thorough investigation. The public is urged to report similar cases to aid in bringing culprits to justice.
