EOW Kashmir files chargesheet in 1.04 crore KCC loan scam

SRINAGAR, July 1, 2026 :- The Economic Offences Wing of Crime Branch Jammu and Kashmir has filed a chargesheet before the Court of Additional Special Judge Anti-Corruption in Srinagar concerning a major Kisan Credit Card loan manipulation fraud.

The case, registered under FIR number 20/2018, involves multiple sections of the Ranbir Penal Code and the Prevention of Corruption Act, following allegations of financial misappropriation totaling over 1.04 crore rupees.The chargesheet names Rouf Mohammad Wani, a resident of Hanjura, Chadoora, Budgam, who previously worked as a daily wager at the J&K Bank Business Unit in Dada Ompora, Chadoora. Investigations revealed that the accused allegedly manipulated Kisan Credit Card loan limits, made unauthorized debits from customer accounts, and misused banking credentials.

These fraudulent actions diverted funds to himself and his family members, resulting in a direct financial loss to the banking institution.Following the completion of the investigation, the case has been submitted for judicial adjudication.

The Economic Offences Wing has urged citizens to maintain vigilance against financial fraud and report suspicious activities to the Senior Superintendent of Police, Economic Offences Wing Kashmir, or through official departmental email channels.