STOCK MARKET BSE NSE

CBI raids Jammu & Kashmir Grameen Bank in Kupwara to probe embezzlement of funds

The raids were carried out by CBI sleuths at the Jammu and Kashmir Grameen Bank in Khumriyal, Kupwara and the residence of bank assistant Shariq Hussain Khan.

Published: 29th January 2020 07:47 PM  |   Last Updated: 29th January 2020 08:28 PM   |  A+A-

money, 500 currency, cash

For representational purposes (File Photo | PTI)

By PTI

SRINAGAR: The Central Bureau of Investigation (CBI) on Wednesday conducted searches in Kupwara in connection with the alleged embezzlement of funds to the tune of Rs 1.33 crore by an employee of the Jammu and Kashmir Grameen Bank, officials said.

The raids were carried out by CBI sleuths at the Jammu and Kashmir Grameen Bank in Khumriyal, Kupwara and the residence of bank assistant Shariq Hussain Khan following registration of a case against him, they said.

The officials said the CBI has started investigation of the case related to misappropriation of funds to the tune of Rs 1.33 crore by Khan, office assistant at the branch.

It is alleged that Khan misappropriated the amount by way of tampering, insertions and manipulation in the computer banking system.

The alleged fraud which started in January 2016 surfaced during an inspection in December 2019-January, 2020, they said.

The raiding party confiscated documents during the action, the officials said.

Stay up to date on all the latest Nation news with The New Indian Express App. Download now

Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp