Srinagar, Jul 19: Crime Branch Kashmir (CBK) has produced a chargesheet against two officials of Baramulla Central Cooperative Bank for “dishonestly and fraudulently misappropriating and embezzling large sums of public money”.
CBK’s Economic Offences Wing Srinagar in a statement issued here said that the charge report in the case (FIR No. 23 of 2016) was filed before the Court of Chief Judicial Magistrate, Bandipora against Abdul Razak Wani (the then Branch Manager, BCCB Branch Hajin) and Ghulam Ahmad Shah (the then clerk, BCCB Branch Hajin) for their alleged involvement in commission of offences punishable under Sections 420, 468, 471, 409, 120-B & 201 RPC of police station Crime Branch Kashmir (now Economic Offences Wing, Srinagar).
A communication was received from the Registrar of Co-operative Societies, J&K wherein it was alleged that some officers and officials of the Baramulla Central Co-operative Bank Ltd. have dishonestly and fraudulently misappropriated and embezzled large sums of public money in different branches of the bank etc, the statement said, adding that the case was registered in 2016 and investigation started.
“During the investigation, it came to fore that Abdul Razak Wani had entered into a criminal conspiracy with his clerk Ghulam Ahmad Shah as a result of which employees of the bank had cheated the depositors, forged the financial documents and records and misappropriated and embezzled large sums of public money running into lakhs of rupees,” it said.
The CBK said the evidence collected during the investigation has “established” criminal culpability and proved the offences punishable under sections 420, 468, 471, 409, 120-B & 201 RPC by the duo.
Accordingly, charge-report (challan) of the instant case has been presented in the court for judicial determination, the probe body said.
