Srinagar: A man has been arrested for alleged fraudulent withdrawal of over Rs 1.50 lakh from a bank account of his orphaned niece in Kupwara district of north Kashmir, police said Thursday .
Habibullah Teli had fraudulently withdrawn an amount of Rs 1.67 lakh from Jammu and Kashmir Bank, Trehgam branch against a cash certificate which was existing in the name of his niece Sabreena, as a share of an ex-gratia amount granted to her after the death of her father, a police spokesman said.
Teli, the guardian of the girl, was in possession of the cash certificate and had produced his daughter Muneera in the bank as Sabreena and managed to withdraw the money, he said.
“Sabreena came to know about the withdrawal of her money on May 12 and approached police for help,” the spokesman said adding a case under various sections of Ranbir Panel Code was registered on her complaint.
“During the course of the investigation, the relevant documents were collected by police and the suspect was arrested and questioned. The withdrawn amount was recovered from him,” he said.
He said the money has been deposited back in the account of victim after completion of necessary legal formalities.