Audit reveals fraud in Central Cooperative Bank Khanabal

Manager,Cashier suspended, charge-sheeted


Islamabad (Anantnag), July 4: Manager and a cashier of Central Cooperative Bank, Khanabal, here have been placed under suspension and charge-sheeted after being allegedly found involved in embezzlement. A show cause notice has also been served on the then General Manger for “failing to act against the duo.”
 “An audit of the accounts has revealed that the bank was falling short Rs 7,40,000, Rs 5, 69,000 and Rs 1,87,000,” an official said.
 He said that after verifying the accounts it was found that though the amounts were entered in general ledger book, there was no corresponding entry in the cash book.
 “The casher of the Bank, Muhamad Yousuf Bhat in connivance with the Branch Manager, Dilshada Akhtar used to issue fake receipts to the customers,” he alleged.
 He alleged that though there were similar complaints about the duo in the past too and the issue had been brought into the notice of previous General Manager Central Cooperative Bank Janaid Ahmad Bhat “the latter did not take any action.”
 When contacted Manager Inspection and Vigilance, Abdul Majid while confirming the embezzlement said, “The duo have been found involved in the fraud and action has been initiated against them”.
 He said that both the Branch Manager and the cashier are under suspension.
 “After conducting a thorough inquiry, a charge sheet has already been presented against the duo,” Majid said.
 He said that a show cause notice has also been served to previous General Manager for not taking any action despite repeated complaints against them.
 Pertinently, the bank has witnessed the Debt Relief Scam during the tenure of then General Manager, Javaid Ahmad Bhat and he along with other officials was arrested in connection with the fraud.

Lastupdate on : Thu, 4 Jul 2013 21:30:00 Makkah time
Lastupdate on : Thu, 4 Jul 2013 18:30:00 GMT
Lastupdate on : Fri, 5 Jul 2013 00:00:00 IST

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