Jammu, November 10: The Economic Offences Wing (EOW) of the Crime Branch has filed a chargesheet against an individual accused of forgery and cheating in a bank loan fraud case in the Samba district of Jammu and Kashmir. The chargesheet was presented in the Munsiff Court Samba against Rahul Sudan, a resident of Dhyansar village in Bari Brahmana.
According to details received by The Chenab Times, the investigation was initiated following a written complaint lodged in 2022 by the then branch manager of Canara Bank, Bari Brahmana, Nikhil Singh Jamwal. The case concerns a vehicular term loan amounting to Rs 7.92 lakh that was sanctioned to the accused on June 14, 2016, for the purchase of a car. An outstanding amount of Rs 5.64 lakh currently remains unpaid on this loan.
During the course of the investigation, officials found that Sudan allegedly submitted a fake and forged No Due Certificate (NDC) to the ARTO Office in Samba. This fraudulent document facilitated the unauthorized transfer of a vehicle to a third party. The transfer occurred without settling the outstanding financial liabilities with the bank or obtaining a legitimate bank No Objection Certificate (NOC).
The Crime Branch spokesperson further stated that investigations revealed Sudan to be a habitual offender. Prior cases involving similar fraudulent activities have been registered against him, indicating a pattern of deceitful financial dealings.
The filing of the chargesheet marks a significant step in the legal proceedings against Sudan, who is accused of defrauding a financial institution and circumventing regulatory procedures. The EOW of the Crime Branch continues to pursue such cases to maintain financial integrity and safeguard public and private sector banks from fraudulent practices within the region.
The district of Samba, located in the Jammu division of Jammu and Kashmir, has seen efforts by law enforcement agencies to curb financial crimes. The successful prosecution of such cases aims to deter future incidents of bank fraud and reinforce confidence in the banking sector.
Further legal proceedings are expected in the Munsiff Court Samba as the case against Rahul Sudan progresses. The Crime Branch has presented its findings and evidence, paving the way for the trial to commence. The investigation underscores the vigilance required by financial institutions and regulatory bodies to prevent financial malfeasance.
The Chenab Times News Desk
