KNZ NEWS DESK
Srinagar Nov 02 [KNZ]: Police station Maisuma received a complaint from Manager, Canara Bank regarding disbusreemnt of loan worth Rs 10 crore to 7 business units which failed to repay the loan amount.
On receipt of this information case F I R No 40/2017 Under Section 420 R P C was registered and investigation set into motion.
During investigation it surfaced that some cheaters hand in glove with then Manager of Canara Bank dishonestly and fraudulently doctored documents to sanction loans for the business units which in reality where non existing.
Two cheaters namely Rayees Ahmad Khan S O Manzoor Ahmad Khan R O Chanapora Housing colony and Irfan Ahmad Darzi S O Manzoor Ahmad Darzi R O Rose lane, Chanapora were arrested.
Many more arrests are expected in coming days.
