The prime accused & Master mind Saleem Youf Bhatti who was previously working as a contractual based employeed in the IWMP – a Central Govt. Sponsored Scheme executed his nefarious designs by misusing his position and misrepresentation of facts. The other co-accused arrested arrested in the case are 2) Mohd Altaf S/o Said Mohd R/o Ari Mendhar Poonch 3) Ruksana Tabassum w/o Mohd Altaf R/o Ari, Mendhar Poonch and 4) Zahida Parveen D/o Mohd Ikhlaq R/o Ari, Mendhar Poonch.
Case starts with the complaint lodged by Chief Manager S&C Division, Zonal Office J&K Bank Ltd. Jammu, alleging that that Saleem Yousaf Bhatti who was contractual employee with Integrated Water Shed Management Programme Department at Poonch and others had illegally activated the in-active accounts of Water Shed Committee at J&K Bank Branch Lassana, Surankote Poonch. Subsequently accused persons changed nomenclature of the accounts, fabricated fake salary certificates & confirmation letters to different non-existing employees and managed personal loans, cash credit loans and car loans etc in crores by presenting themselves as Government Employees.
The above accused have also managed to open fraudulent Government accounts J&K Bank Branch Office Mendhar and Branch office Bus stand Mendhar. Accused have firstly deposited money through different Banks/Branches in the accounts of water shed committee and the fake accounts opened by them, issued fake authority letters instructing the Branches to disburse & credit the salaries in individual accounts which were later on projected as Government Employees and thus they managed to obtain loan from different other Branches of the Bank thereby causing wrongful loss to the tune of Rs. approximately 5 Cores.
On receipt of the complaint a preliminary verification was initiated and during probe the allegations were prima facie substantiated, leading to the registration of formal case for indepth investigation. During the course of investigation relevant record was seized, statements of witnesses recorded, Scientific, Circumstantial and other material evidence was collected and offences U/S 419, 420, 465, 467, 468, 471, 120-B/IPC P/S Crime Branch Jammu were established against the the prime accused who by way of misuse of position and misrepresentation of facts in connivance with other co-accused swindled money in crores from the bank on the pretext of seeking loans of different nature, using different accounts of other accused. All these loans are now Non Performing Assets (NPA) of the J&K Bank. Investigtion of the case is in progress to identify and arrest other accused involved in the crime and other nexus in the case.