Srinagar, Dec 4, CNS: Crime Branch Kashmir received a communication from Aadrash Credit Co-operative Society Ltd. through Bhanu Sharma Regional Officer I-Charge, regional Office Jammu and Kashmir. The communication inter-alia revealed that Aadrash Credit Co-operative Society Ltd” 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. 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 of Dooru, Anantnag, was working as a staffer in the Anantnag Branch of the Society. On 14th Feb.2018 the Assistant Regional Manager of the society received a telephonic complaint from one Nazir Ahmad Kumar to the effect that he had given his Deposit Certificate (FDR) of Rs.2,27,550/- to the accused on 15th Jan.2018 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. Subsequently, a preliminary enquiry was initiated at Crime Branch Kashmir, Srinagar.
During the course of enquiry it has surfaced that the suspect Muzaffar Malik has collected approximately an amount of (One Crore Twenty Lack 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 collected 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 their hard earned money grabbed.