JK Bank officer, 2 others detained in fraud case
PRESS TRUST OF INDIA
Srinagar, Oct 8: Police has detained a manager of Jammu and Kashmir Bank and two others for their alleged involvement in a fraud.
Nazir Ahmad, the then manager of Lethpora branch of JK Bank in Pulwama district, was detained yesterday after investigations revealed irregularities in distribution of over Rs 20 crore of compensation amount to the land owners whose land had been acquired for widening of Jammu-Srinagar Highway, officials said.
Two civilians have also been detained while the role of a senior official of the revenue department is also being probed, they said.
The accused manager, in connivance with the two civilians, had illegally transferred the money from the designated compensation account to another account and issued cheques to fraudulently withdraw the money.
The case was registered by Deputy Commissioner Pulwama after it was found that the surplus Rs 20 crores, which should have been deposited in the government treasury were missing from the bank account.
Lastupdate on : Fri, 8 Oct 2010 21:30:00 Makkah time
Lastupdate on : Fri, 8 Oct 2010 18:30:00 GMT
Lastupdate on : Sat, 9 Oct 2010 00:00:00 IST
- MORE FROM BUSINESS
Srinagar, Oct 8: The school children and the bus drivers seem to have been caught between the devil and the deep sea. For the past many days the students as well as the school bus divers have been at the More
- Srinagar City
GK CITY CORRESPONDENT
Srinagar, Oct 8: Skeletons have started tumbling out of the cupboard in the murder case of Rukhsana Jabeen of Batamaloo who was last month allegedly killed by her husband, Manzoor Ahmed Mir, a police constable More
Mains qualifiers from Jammu react sharply
ASK LEADERS TO STOP PROPAGANDA AGAINST STATE’S OFFICIAL LANGUAGE
GK NEWS NETWORKJammu, Oct 8: Taking a dig at politicians who are making hue and cry over KAS mains results, aspirants from Doda, Kishtwar, Ramban, Rajouri, Poonch, Kathua and Udhampur districts have said More
BY TARIQ NAQASH
Muzaffarabad, Oct 8: A crippling shutter down strike was observed in the Pakistan administered Kashmir capital on the fifth anniversary of 2005 earthquake on Friday, with people from different walks of More
Low investment hobbles growth
Srinagar, Oct 8: In what reflects its acute industrial backwardness, the Kashmir Valley accounts for a mere 18 per cent of the total investment in the industrial sector in J&K. In a striking contrast More
PRESS TRUST OF INDIA
London, Oct 8: Pakistan's former military ruler Pervez Musharraf has said that all the outfits in his country came into existence on their own. "All these 'Mujahideen' groups got created on their More