ACB registers case against the then District Manager Jammu Central Co-operative Bank, searches conducted

31/12/2019

JAMMU, DEC30: Anti-Corruption Bureau registered a formal case against Rajinder Raj Sharma, then District Manager JCC Bank Ltd. Rajouri vide FIR no. 04/2019 U/S 5(1) (d) r/w 5 (2) of J&K PC Act, Svt. 2006 and & Section 120-B RPC.
2. The instant case was registered on the outcome of miscellaneous verification conducted by ACB Rajouri on the basis of a complaint lodged by Sh. Parmanand S/O Santu Ram R/O JMC 119 Wazir Line Talab Tillo Jammu into the allegations of financial irregularities and mismanagement by the officers/officials of Jammu Central Co-operative Bank Ltd. (JCCBL). During the course of verification, it surfaced that Sh. Rajinder Raj Sharma, then District Manager JCC Bank Ltd. Rajouri by abused of his official position and to confer undue pecuniary advantages upon the beneficiaries/loanees has violated the terms and conditions in respect of one time settlement (OTS) in 2015-16 for liquidation of loans by the defaulters as envisaged vide circular bearing no. LSO/OTS/17846-17959/1 dated 06-02-2016, as he without processing OTS proposals before the Settlement Committee (one of the mandatory conditions as envisaged in the above said circular) has made settlement on his own and copy of each settlement was found given to the beneficiaries and AGM (Advances) for information during the year 2015-16. Moreover, while granting OTS, he did not make any negotiation on the interest portion. There was only one instance in which Rs 23,476/- as interest was received from (06) persons of Sunderbani.
3. Anti-Corruption Bureau after registration of a formal case under relevant sections of law, also conducted searches with the help of local police /magistrate at the residence of accused in Barnai Jammu.
During the process, all incriminating documents which have been recovered are being seized on spot in presence of independent witnesses. Detailed and in-depth scrutiny of the seized record will be carried out during further course of investigation by ACB, Rajouri.

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