Jammu, June 28 -- The Economic Offences Wing (EOW) of the Crime Branch, Jammu, has registered a case in connection with an alleged loan fraud involving nearly Rs.68 lakh in the J&K Grameen Bank, following complaints of large-scale financial irregularities at its Kaluchak and Surankote branches.
The case has been registered under Sections 420 and 120-B of the IPC after complaints forwarded through the Crime Headquarters by the Director, Anti-Corruption Bureau (ACB), J&K. The complaints were filed by the Chief of Audits, Inspection and Vigilance, J&K Grameen Bank.
According to the complaints, an internal enquiry at the Kaluchak branch revealed that 58 loan accounts under 15 Joint Liability Groups (JLGs) and two Cash Credit Limit accounts we...