January 13, 2021

Police registers case, arrests retired bank employee for alleged fraud of Rs 3 Crores

Poonch: Former Branch Manager Mendhar, Jammu Central Corporative Bank, has been arrested by police for alleged misappropriation of public money approximately Rs 3 crores.
Top sources said that the bank is located in Mendhar town and hundreds of account holders from various villages of Poonch district are having their savings and other accounts in the bank. They said that a retired bank employee and few others are suspected to be involved in this scam who embezzled around 3 crore from the bank accounts.
Meanwhile, a senior police official said that they have registered an FIR in Mendhar police station under relevant sections of law including 420 IPC and have so far arrested a retired official of the bank.

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