Srinagar, Oct 22: The Special Crime Wing of Crime Branch Kashmir on Thursday filed a chargesheet against a former branch manager of J&K Grameen Bank for allegedly cheating customers and misappropriating bank funds in north Kashmir’s Kupwara district.
In a statement, Crime Branch Kashmir said the chargesheet was filed before the Court of Judicial Magistrate First Class, Sogam, Lolab, against Abhisek Prajapat, who had served as branch manager at the bank’s Lalpora branch.
The case involves alleged financial irregularities during his tenure at the bank’s Lalpora, Kanthipora and Kupwara branches.
According to the Crime Branch, the investigation found that Prajapat allegedly transferred Rs 1.19 lakh from various customer accounts into his personal bank account under the pretext of loan documentation charges, file fees and other expenses.
Investigators also identified the alleged diversion of Rs 25,850 from official bank expenditure accounts, besides Rs 24,100 shown as unwarranted expenditure, causing a reported loss of Rs 49,950 to the bank.
The case originated from a complaint filed by the Regional Manager of J&K Grameen Bank, Kupwara, which was forwarded by the Anti-Corruption Bureau to Crime Headquarters for action.
Following preliminary verification by the Economic Offences Wing, FIR No. 09/2026 was registered at Police Station Special Crime Wing on May 13, 2026.
The Crime Branch said Prajapat had been dismissed from the bank’s services on February 13, 2025, following departmental proceedings.
The chargesheet has been filed under Sections 409 and 420 of the Indian Penal Code, relating to criminal breach of trust and cheating, respectively, read with Section 193 of the Bharatiya Nagarik Suraksha Sanhita (BNSS).
The allegations will now be examined by the competent court.
Crime Branch Kashmir urged people to remain vigilant against financial fraud and report suspected irregularities to the authorities.
