Srinagar, Sept. 4 -- The Economic Offences Wing, formerly Crime Branch Kashmir, today registered a case in an alleged Rs 3.09 crore loan fraud involving the Hatigam Multipurpose Cooperative Society (MPCS), after a complaint from the general manager of the Anantnag Central Cooperative Bank Ltd.
Six persons were booked who were prima facie found involved in the fraud.
According to the complaint, loans were disbursed in 2014 to 127 members of MPCS Hatigam, of which Rs 2.50 crore was recovered while Rs 1.21 crore remained unpaid with 39 members. The alleged defaulters, however, claimed they had already cleared their dues directly with the Society, producing receipts as proof.
The EOW said a preliminary investigation revealed that bank offici...