Police Arrests BDC Member’s Husband For Mortgaging Property Of Others To Avail Loan In Budgam

Budgam, June 27: Police has arrested husband of a BDC member in connection with a case involving use of fake documents and counterfeit stamps of top officials to secure bank loan in central Kashmir’s Budgam district, officials said on Sunday.

A police officer said the man identified as Mukhtar Ahmad Mir, a resident of Bugroo Khansahib area who is the husband of a BDC member, was arrested in connection with a case registered under FIR (No. 130/2021) under IPC sections of 420 (cheating)/478 (relating to trade marks)/468(Forgery for purpose of cheating)/471 (fraudulently or dishonestly uses as genuine any document which one knows or has reason to believe to be a forged) in police station Khansahib.

The case was registered at the behest of the officials, stating that Mukhtar has used signatures and stamps of Patwari, Naib Tehsildar, Tehsildar, SDM ( in capacity as Sub Registrar) and others besides fake documents to get the loan by mortgaging property of others.

Officials said that documents forged by Mukhtar, possibly in league with others, pertained to February this year or before as there has been online system established since. “People whose property has been mortgaged on fake documents need not to worry as the same has been done on fake documents. When documents are fake, they need not to worry,” a senior official of the administration said. “All those involved in preparation and carrying out of the fraud will be brought to book.”

The fraud surfaced when one land owner whose land was mortgaged by the accused without his knowledge was informed by a bank employee about the matter. Whether there is a solitary case or many others is yet to be revealed.

In the case which has surfaced, the J&K Bank has already transferred Rs 15 lakh out of Rs 28 lakh to the personal account of the accused Mukhtar Ahmed. gns

Leave a Reply

Your email address will not be published.