Jammu– A financial institution official was arrested on Saturday for allegedly swindling over Rs 1.26 crore from dormant accounts over the previous three years in Jammu and Kashmir’s Reasi district, police mentioned.
The fraud by Ishwinder Singh Ranyal, Assistant Supervisor in J&Okay Financial institution Pouni department, got here to gentle final month when the accused withdrew an quantity from an energetic account, prompting the account holder to lodge a grievance, Reasi Senior Superintendent of Police (SSP) Mohita Sharma mentioned.
After receiving the grievance and sensing the gravity of the offence, a particular crew was constituted and Ranyal, a resident of Pouni, was lastly arrested from Sainik Colony in Jammu this morning, the officer mentioned.
“The legal was evading arrest for the final one month. He wrongfully gained the quantity inflicting lack of public cash of value Rs 126.34 lakh by means of dishonest and falsification of accounts at J&Okay Financial institution Department Pouni,” Sharma mentioned.
She mentioned the modus operandi of the accused officer concerned discretely activating the dormant accounts after which illegally withdrawing deposited cash.
“This observe was allegedly happening for the final three years and an quantity of Rs 126.34 lakhs was illegally withdrawn by the accused assistant supervisor, who’s a resident of Pouni,” the officer mentioned.
A dormant account is an account that has had no monetary exercise for a protracted time period, aside from the posting of curiosity. After the dormancy interval, dormant accounts turn into the unclaimed property of the state.
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