By JKGN Team
SRINAGAR In much publicised 223 crore loan scam in J&K state Cooperative Bank scam, the Anti Corruption Bureau have produced supplementary chargesheet against the accused officers in the court
The ACB team produced the accused officers mentioned in the chargesheet namely Mohd Mujib- Ur-Rehman-Ghassi the then Registrar of Cooperative Societies J&K and Ashiq Hussain, the then Deputy Registrar of Cooperative Societies in the High Court and consequently both accuseds were remanded to Judicial custody.
The case FIR 04/ 2020 which was registered against Mohammad Shafi Dar R/o Majeed Bagh Barzulla Srinagar Chairman J&K State Co-operative Bank Ltd and others u/s 5(1) (d) r/w Section 5(2) PC Act and sections 465,467,468,471,120-B/RPC in ACB Srinagar for allegedly sanctioning loan to the tune of Rs. 250.00 Crores in favour of a non-existent Society under the name and style River Jhelum Co-operative House Building Society Magarmal Bagh, Srinagar for the purposes of construction of a satellite Township at Shiv Pora Srinagar bypassing the Credit Policy of the bank and on the basis of false and fabricated documents.
The ACB had already filed a chargesheet on 08.11.2020 against Mohd Shafi Dar the then Chairman of J&K State Co-operative Bank, Hilal Ahmad Mir Chairman and Abdul Hamid Hajam Secretary of the said in non-existent Co-operative Society.
During course of investigation it has further revealed that Mujib Ur Rehman Ghassi the then Registrar Co-operative Societies and Ashaq Hussain Dy. Registrar of the office of Registrar Co-operative Societies had issued a letter to J&K State Co-operative Bank under the signature of the Registrar despite knowing fully well that such a society did not exist after checking all the relevant office records.
On the receipt of said letter loan to the tune of Rs. 223 Crore was sanctioned in favour of the said non existent Co-operative Society by J&K State Co-operative Bank headed by accused Mohd Shafi Dar, Chairman of the Bank.
The investigation team has further established that the agenda items of non existent society were also created on 23.01.2019 before the sanction and disbursement of loan to the tune of Rs. 223 Crores. The Bye Laws of the said Society were created on 21.11.2019 fictitiously by Mohd Shafi Dar Ex Chairman of J&K State Co-operative Bank.