EOW Kashmir Files Chargesheet in Central Co-operative Bank Fraud Case

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SRINAGAR, Aug 1 — The Economic Offences Wing of the Jammu and Kashmir Crime Branch has filed a chargesheet regarding a major financial fraud involving over three crore rupees at the Central Co-operative Bank in Baramulla.

The chargesheet was presented before the Court of the Chief Judicial Magistrate in Handwara under relevant legal sections covering cheating, criminal conspiracy, and document forgery.The legal action follows a detailed probe triggered by a written communication from the Registrar of Co-operative Societies highlighting widespread financial irregularities across bank branches. Investigations established that the former manager of the Langate branch conspired with a clerk-cum-cashier to sanction fictitious loans and allow unauthorized overdrafts.

Their actions exceeded delegated financial limits and resulted in the misappropriation of bank funds.The chargesheet names retired branch manager Ghulam Mohd Beigh and cashier Abdul Hamid Gojrii for their involvement in the conspiracy. The Economic Offences Wing has urged citizens to remain cautious regarding financial fraud and requested that any suspicious transactions be reported directly to law enforcement authorities.