SRINAGAR, NOV 02: Police claims to have arrested two fraudsters involved in disbursement of crores of rupees in Srinagar.
In a statement police said, “Police Station Maisuma received a complaint from Manager of Canara Bank regarding disbursement of loan worth Rs 10 Crores to 7 business units which failed to repay the loan amount. On receipt of this information a case FIR number 40/2017 under section 420 RPC was registered and investigation was set into motion”.
Police adds that during investigation it surfaced that some cheaters hand in glove with the then Manager of Canara Bank dishonestly and fraudulently doctored documents to sanction loans for the business units which in reality where non existing.
Police said that the two cheaters namely Rayees Ahmad Khan son of Manzoor Ahmad Khan resident of Chanapora Housing Colony and Irfan Ahmad Darzi son of Manzoor Ahmad Darzi resident of Rose lane, Chanapora were arrested.
Police said that the investigation of the case is still going on and more arrests are expected in coming days.