Reasi police yesterday arrested an Assistant Manager of J&K Bank, Pouni for making fraudulent debits from various “‘inactive and deceased accounts amounting to the tune of Rs 126.34 lakhs.”
This was revealed by Senior Superintendent of Police (SSP) Mohita Sharma.
“The criminal, who was evading arrest for the last month and who wrongfully gained the amount causing loss of public money of worth Rs 126.34 lakhs by way of cheating and falsification of accounts at JK Bank Branch Pouni, was arrested today,” she said.
Giving a detailed account of the case, she said, “A case FIR number 10/2024, under section 409 IPC, was registered at Police Station Pouni against accused namely Ishwinder Singh, Assistant Manager, JK Bank Pouni for making fraudulent debits from various inactive and deceased accounts amounting to the tune of Rs 126.34 lakhs.”
A dormant account is an account that has had no financial activity for a long period of time, except for the posting of interest. After the dormancy period, dormant accounts become the unclaimed property of the state.
