Man booked for duping customers of Rs one crore by issuing fake FDRs

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Crime Branch Kashmir (CBK) has registered a case against an Anantnag man for duping customers of an amount of Rs one crore and twenty lakh by issuing fake and forged FDRs.

A spokesperson in a statement said during the course of enquiry it has surfaced that Muzaffar Malik of Malik Pora, Dooru, Anantnag has collected approximately an amount of one crore and twenty lakh Rupees from the customers/depositors by issuing fake and forged FDRs.

“It also came to fore that during his posting at Anantnag Branch  and other two branches of the society he has stolen some blank FDRs and other documents,  thereby collecting huge amounts from the gullible customers  through  Ghulam Rasool Ganie  and issued  fake  FDRs  to them, with the  assurance  that the amount so  deposited will be doubled  within  four year. But at the time of maturity no such amount was paid to customers as the FDRs were fake and forged. Thereby suspect cheated the customers and grabbed their hard earned money,” the spokesperson said.

He said the department received a communication from Aadrash Credit Co-operative Society Ltd through Bhanu Sharma Regional Officer I-Charge, regional Office Jammu and Kashmir.

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He said the communication inter-alia revealed that the society is a multi-state Credit Co-operative Society registered under the Multi State Co-operative Societies Act-2002 with its branches all over the state.

The communication further reveals that the society is engaged in the business of providing financial services of thrift and credit to the members of the society, repayable on demand or otherwise, for the purpose of lending or investment, he said.

“A deposit is accepted by the society against fixed Deposit receipt (FDR) to be issued to the member depositor. It is alleged that Malik Muzaffar was working as a staffer  in the Anantnag Branch of the Society,” he said.

On February 14 this year, he said, the Assistant Regional Manager of the society received a telephonic complaint from Nazir Ahmad Kumar to the effect that he had given his Deposit Certificate (FDR) of Rs 2, 27,550 to the accused on Jan 15 for encashment and payment of the maturity amount, but the amount was not paid to him till date as the said amount was grabbed by the said suspect and had issued fake and forged FDRs. S

Subsequently, a preliminary enquiry was initiated at Crime Branch Kashmir, Srinagar, he added.

(Rainu Raina)

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