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Assistant Manager Arrested in 1.26 Crore Bank Scam in J&K

A J&K assistant manager has been arrested in Reasi for allegedly making fraudulent debits totaling Rs 126.34 lakhs. According to a senior police officer, a case has been registered against Ishwinder Singh, Assistant Manager at JK Bank Pouni, under section 409 IPC.

The accusations involve making fraudulent debits from various inactive or deceased accounts over the past three years. Singh’s modus operandi reportedly included discreetly activating dormant accounts and then illegally withdrawing deposited funds.

The fraudulent activity was brought to light when Singh allegedly withdrew funds from an already active account, prompting the account holder to file a complaint. Dormant accounts, defined as those with no financial activity for an extended period except for interest posting, were reportedly targeted in this scheme. The total amount of Rs 126.34 lakhs was allegedly withdrawn unlawfully by Singh, who resides in Pouni.

Following intensive investigations, a police team led by Dy.SP Hqrs. Reasi, Sh. Neeraj Padyar-JKPS, conducted raids in various locations in Jammu. Eventually, Singh was apprehended based on specific information.

Mohita Sharma, SSP Reasi, highlighted that Singh had been evading arrest for the past month. She emphasized the significant loss of public funds amounting to Rs 126.34 lakhs due to Singh’s alleged deceit and falsification of accounts at the JK Bank Branch Pouni.

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