Bank fraud solved in Kashmir: JK Police

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Srinagar, Nov 25: Jammu and Kashmir police claimed to have solved a bank fraud, committed by two people, including a bank official, in the Kashmir valley, a senior police officer said.

Senior Superintendent of Police (SSP), Afadul Mujtaba giving details of the case said police station Maisuma received a complaint from Jammu and Kashmir Bank branch, Amira Kadal, that one Yasir Ahmad was trying to withdraw an amount of Rs 4000 fraudulently from account of another person on November 15.

He said today a case was registered and during the investigation police unearthed forgery scandal worth Rs 7 lakh which involved a bank employee of the HDFC Bank and his relative.

The investigating officer, Sub-Inspector Reyaz Ahmad of police station Maisuma completed the investigation in a record time of 3 days. The SSP said the accused Yasir Ahmed of Almgari Bazar was arrested.

On further investigation Yasir Ahmed who is an employee of the HDFC Bank confessed of being involved in the case and revealed that his relative Ghulam Ali Mir of Haft Chinar helped him in the fraud.

On interrogation, Yasir revealed that he got the cheque of B R Traders at the counter of HDFC bank and photocopied the cheque without causing any doubt in the cheque holder's mind.

Later he forged signatures of the cheque holder and approached the J &K bank and got the balance sheet of the account holder and subsequently he got the cheque book issued from the bank Branch Lasjan on forged signatures.

After receiving the cheque book, he withdrew two cheques from the bank worth Rs 1 Lakh (50,000 each).

Presuming that it would be difficult to encash the money now, the accused devised another plan and got the rate list of computer's and computer accessories from Geo-Soft Computers on pretext they would take goods from him.

They transferred Rs 4 Lakh to J &K bank branch Amira Kadal to the account of Geo-Soft. However, they refused to purchase computer and other accessories and demanded refund.

An amount of Rs 2.80 Lakh was withdrawn and handed over to the accused by the Geo-Soft.

The BR Traders approached the bank with the cheque to withdraw money but he was surprised to see that the money had already been transferred to J &K bank branch Amira Kadal.

On inquiry, bank stopped the payment and informed the police.

He said with the arrest of both the accused, police has solved the case.


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