Assistant supervisor arrested in JK for making fraudulent debits from clients accounts

A J&Okay assistant supervisor was arrested for making fraudulent debits amounting to Rs 126.34 lacs.

A senior police officer informed information company Kashmir Scroll {that a} case FIR quantity 10/2024, below part 409 IPC, has been registered at Police Station Pouni in opposition to accused specifically Ishwinder Singh, Asst Supervisor, JK Financial institution Pouni for making fraudulent debits from numerous inactive/deceased accounts amounting to the tune of Rs 126.34 lacs.

He mentioned that 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This observe was allegedly happening for the final three years and an quantity of Rs 126.34 lakhs was illegally withdrawn by accused Asst Supervisor Ishwinder Singh, who’s a resident of Pouni.

A dormant account is an account that has had no monetary exercise for a protracted time frame, aside from the posting of curiosity. After the dormancy interval, dormant accounts turn out to be the unclaimed property of the state.

The fraud got here into discover of the financial institution after the accused withdrew quantity from an already lively account following which the account holder lodged a criticism, he mentioned

“Police workforce led by Dy.SP Hqrs. Reasi Sh. Neeraj Padyar-JKPS raided at numerous areas in Jammu. Lastly in the present day on a particular data accused specifically Ishvinder Singh Ranyal S/O Mohinder Singh R/O Pouni A/P H. No. 60-A Sainik Colony Jammu received arrested,” Officer added.

Sharing the knowledge SSP Reasi Mohita Sharma mentioned that the felony who was evading the arrest from the final one month and who wrongfully gained the quantity inflicting lack of public cash of price Rs 126.34 lakhs by means of dishonest and falsification of accounts at JK Financial institution Department Pouni arrested in the present day.(KS)