Bank official suspended for creating dummy loan accounts in Tral

Pulwama, Feb 21 : Authorities of Ellaquai Dehati Bank ( EDB) have suspended a bank official for creating dummy loan accounts at a bank branch at Lorgham area of Tral in South Kashmir’s Pulwama district.
EDB authorities on Tuesday revealed that legal proceedings have been initiated against the erring official by lodging an FIR against him.
Earlier it was circulated through some sections of the media that the manager of EDB branch Lorgham embezzled money by forging signatures of account holders. The branch manager was reported absconding with a large sum of money.
However, EDB authorities denied these allegations as baseless.
“Some media houses have floated a story regarding embezzlement of public money at our Lorgham branch. The statements made in the videos in question, that have been circulated on social media are mere allegations and completely baseless,” the EDB authorities said, adding that as far as the said branch is concerned, some irregularities have been pointed out during a routine inspection at the branch and the same are under investigation.
The authorities added that during initial investigation it has been found that the erring official has created some dummy loan accounts but timely action by the bank has resulted in thwarting any misuse of public money.
“The said official has been suspended and an FIR under Number 13/2024 dated 17.02.2024 has been filed at police station Tral,” the authorities said.
The authorities reiterated that no customer account has been compromised and the money of all the customers is safe with them.
“Ellaquai Dehati Bank is a public financial Institution and the safety and security of public money is of utmost importance to us and shall always remain so. We would like to assure you that the money of our customers is safe with us and shall remain insulated at all costs,” they said.