Rising KashmirRising KashmirRising Kashmir
  • Home
  • Top Stories
  • News
    • Kashmir
    • City
    • Jammu
    • Politics
  • Health
  • Anchor
  • Features
  • Interview
  • Video
Search

Archives

  • May 2025
  • April 2025
  • March 2025
  • February 2025
  • January 2025
  • December 2024
  • November 2024
  • October 2024
  • September 2024
  • August 2024
  • July 2024
  • June 2024
  • May 2024
  • April 2024
  • March 2024
  • February 2024
  • January 2024
  • December 2023
  • November 2023
  • October 2023
  • September 2023
  • August 2023
  • July 2023
  • June 2023
  • May 2023
  • April 2023
  • March 2023
  • February 2023
  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022

Categories

  • Anchor
  • Breaking
  • Business
  • City
  • Developing Story
  • Editorial
  • Education
  • Features
  • Health
  • Interview
  • Jammu
  • Jammu and Kashmir News
  • Kashmir
  • Kashmir Tourism
  • Kath Bath
  • National
  • Opinion
  • Politics
  • Sports
  • Technology
  • Top Stories
  • Trending
  • Uncategorized
  • Video
  • Viewpoint
  • World
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Reading: Crime Branch Srinagar produces charge sheet in 16-year-old loan fraud case
Share
Notification Show More
Font ResizerAa
Rising KashmirRising Kashmir
Font ResizerAa
  • Home
  • Top Stories
  • News
  • Health
  • Anchor
  • Features
  • Interview
  • Video
Search
  • Home
  • Top Stories
  • News
    • Kashmir
    • City
    • Jammu
    • Politics
  • Health
  • Anchor
  • Features
  • Interview
  • Video
Follow US
© 2024. All Rights Reserved.
Rising Kashmir > Blog > City > Crime Branch Srinagar produces charge sheet in 16-year-old loan fraud case
City

Crime Branch Srinagar produces charge sheet in 16-year-old loan fraud case

RK News
Last updated: June 8, 2023 12:53 am
RK News
Published: June 8, 2023
Share
4 Min Read
SHARE
Srinagar, 6th June 2023: The Special Crime Wing (Crime Branch) Srinagar has filed a charge sheet before the Hon’ble Court of City Judge Srinagar in a significant breakthrough regarding a 16-year-old loan fraud case. The case, registered as FIR No. 59 of 2007, involves seven accused individuals, including a notorious fraudster.
The accused persons have been identified as Sheikh Samiullah S/O Abdul Rashid Sheikh @ Abdullah R/O Nawa Kadal Srinagar, Madal Lal Sharma S/O K.C Sharma R/O Presently 196 A Ghandhi Nagar Jammu, Nisar Ahmad R/O Shaheed Gunj Srinagar, Mst. Sheikh Neelam Jan R/O HMT Srinagar, Mohd Sayed Sheikh S/O late Gh. Mohammad R/O Natipora Srinagar, Mudur Kumar Naigi S/O Chander Singh Naigi R/O Utrakhand A/P Panchkola Haryana, and the beneficiary (now deceased). They are being charged with multiple offenses punishable under section 420, 467, 468, 471, 201 read with 120-B RPC.
The case was initiated by the Crime Branch Kashmir following a complaint lodged by Deputy Commissioner Budgam. The complaint alleged the sanctioning of a loan amounting to 48 lakhs rupees by the Indian Overseas Bank Branch in Dalgate, Srinagar, based on fake and forged revenue documents of a mortgaged land.
During the investigation, it was revealed that in 2006, Sheikh Samiullah, along with his deceased uncle and the then Manager and Assistant Manager of Indian Overseas Bank, conspired to secure a loan for the purchase of photography machinery. The loan was obtained under the name of a fictitious firm called Afreen Productions Zero Bridge Srinagar, with the beneficiary presenting false documents.
In furtherance of their conspiracy, Sheikh Samiullah and the beneficiary acquired four Kanals of land at Bugroo Khansahib Budgam and fraudulently obtained revenue papers for the property, replacing Bugroo with Bemina Srinagar. This was done to inflate the value of the land, as land rates are higher in Bemina. The Bank Manager, Deputy Manager, and legal advisor of Indian Overseas Bank Dalgate negligently facilitated the main accused in securing the loan without proper verification of the documents. The loan amount of 48 lakhs rupees was then transferred to an account opened by Sheikh Samiullah in the name of his wife, Mst. Neelam Jan, at J&K Bank Ganpatyar Srinagar, falsely claiming her as the proprietor of M/S Oriental Stores H.S.H.S Srinagar. The funds were withdrawn by Sheikh Samiullah, and no repayments were made towards the loan.
It has been discovered that Sheikh Samiullah, the primary beneficiary of the fraud, is a well-known fraudster and is currently wanted in Case FIR No. 05/2019 U/S 420, 468, 471, 120 (B) RPC P/S Economic Offences Wing, Crime Branch Srinagar, which is currently under investigation. Additionally, he has been declared a “Proclaimed Offender” by the Hon’ble Court of Principal & District Sessions Judge, Srinagar, in case FIR No. 34 of 2015, which is currently undergoing trial.
The charge sheet filed by the Special Crime Wing marks a significant milestone in unraveling the complex web of this long-pending loan fraud case. The accused individuals
 
GDC Gbl conducts poetry workshop
Renzushah led Tasawuf Aitqaad delegation meets Mirwaiz Umar
Brave Safakadal duo saves minor in daring river rescue
Renowned biochemist, Prof P Balaram delivers special talk on Coronavirus at KU 
NIT Srinagar observes International Yoga Day

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Whatsapp Whatsapp Copy Link Print
Previous Article Awareness Programme on “Beat Plastic Pollution” organized by College of Temperate Sericulture, Mirgund, SKUAST-K
Next Article Fraudster from Srinagar booked for fraud, human trafficking, and child labor
Leave a Comment Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected

1MFollowersLike
262kFollowersFollow
InstagramFollow
234kSubscribersSubscribe
Google NewsFollow

Latest News

“Time has come for a new normal against terrorism”: Shashi Tharoor
Breaking National
May 26, 2025
Missing Srinagar boy’s body recovered from Jhelum after 3 days
Breaking Kashmir
May 26, 2025
Trump reinstates
Trump slams Putin, says war in Ukraine caused by ‘crazy’ actions and bad leadership
Breaking World
May 26, 2025
Hyderpora underpass turns into cab stand, sparks safety concerns
City
May 26, 2025

Recent Posts

  • “Time has come for a new normal against terrorism”: Shashi Tharoor
  • Missing Srinagar boy’s body recovered from Jhelum after 3 days
  • Trump slams Putin, says war in Ukraine caused by ‘crazy’ actions and bad leadership
  • Hyderpora underpass turns into cab stand, sparks safety concerns
  • Bear-Proof Corral unveiled to tackle human-wildlife conflict in Drass

Recent Comments

  1. SavePlus on AI and Behavioural Analytics in Gaming: Making the World of Gaming Better
  2. Parul on Govt acknowledges faulty streetlights on Narbal-Tangmarg road
  3. dr gora on Women Veterinarians and the Goal of Viksit Bharat
  4. jalwa game login on National Education Policy 2020: Transforming India’s Educational System
  5. Virender Bhat on Pahalgam Attack: A War on Humanity, Peace, and Kashmiriyat

Contact Us

Flat No 7,Press Enclave, Srinagar, 190001
0194 2477887
9971795706
[email protected]
[email protected]

Quick Link

  • E-Paper
  • About Us
  • Contact Us

Top Categories

Stay Connected

1.06MLike
262.5kFollow
InstagramFollow
234.3kSubscribe
WhatsAppFollow
Rising KashmirRising Kashmir
Follow US
© 2025. All Rights Reserved.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?