Misappropriation of funds: Crime Branch files chargesheet against two accused

Srinagar, Nov 19: The Economic Offence Wing of Crime Branch Kashmir has produced a chargesheet against two accused persons for misappropriation of funds at Central Cooperative Bank in Trehgam area of Kupwara.
According to a statement, chargesheet was filed in case FIR No. 27/2016 U/S 420, 467, 468, 471, 409, 120-B, 201 RPC against Mohammad Ashraf Bhat and Bashir Ahmad Khan—both residents of Kupwara before the court of sub-judge Trehgam, Kupwara.
The statement reads that the instant case had been registered upon receipt of written complaint received from the then Registrar Cooperatives J&K, Srinagar, wherein it was alleged that misappropriation of Rs. 51.41 Lacs was reported in Central Cooperative Bank.
“It conducted preliminary investigation in the matter, which culminated in registration of the instant case,” it reads.
It added that during the course of investigation, the allegations were substantiated against the accused Mohammad Ashraf Bhat (then Branch Manager of Central Cooperative Bank) and Bashir Ahmad Khan (then clerk) and accordingly chargesheet was produced in the court of sub-judge Trehgam.