The Diplomat Desk
Jammu:TDD, The Anti-Corruption Bureau (ACB) of Jammu and Kashmir has registered a case against Amit Gupta, a former Branch Manager of Devika Urban Cooperative Bank Ltd., Chenani, for allegedly misappropriating funds.
According to the ACB, Gupta, during his tenure from 2014, engaged in various fraudulent activities, including opening fictitious accounts, unauthorized withdrawals and transfers, disbursing loans without approval, and diverting funds. The investigation revealed that a total of ₹1,76,56,363 was misappropriated, of which ₹1,52,87,907 has been recovered or adjusted.
The ACB is probing the involvement of other bank officials who might have been complicit in the fraudulent activities. Gupta’s services were terminated by the bank following an internal inquiry.
A case has been registered under relevant sections of the Jammu and Kashmir Prevention of Corruption Act, and further investigations are underway.TDD
