Jammu – The Crime Branch of Jammu and Kashmir police arrested Rohit Taroch, a former employee of J&K Bank, in connection with a multi-crore loan scam after his bail application was denied by the court. Taroch, who was employed at the BC Road branch of the bank, had been terminated from his position after the discovery of the scam involving a total of Rs 1.44 crore, as reported by PTI.
The arrest followed a written complaint from the then branch manager of the bank to the Crime Branch, which revealed that between 2018 and 2019, 14 borrowers had approached the bank for personal consumption loans (PCL) under the bank’s Sahulat and Saral scheme for government employees. The borrowers had presented forged documents, including salary certificates, claiming to be employees of military institutions in Jammu.
These fake documents led to loan sanctions based on false guarantees. Investigations later revealed that the individuals were not employed by the stated military units, and the submitted documents were counterfeit. This fraudulent activity resulted in a loss of Rs 144.53 lakh for the bank.
Senior Superintendent of Police (Crime), Jammu, Benam Tosh, confirmed the arrest of the main accused following the rejection of his bail plea. “The investigation into the case is ongoing,” officials said.
As the case unfolds, the Crime Branch continues its investigation into the broader network of individuals involved in the scam.
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