Srinagar: A bank official has been suspended for allegedly creating some dummy loan accounts in south Kashmir’s Pulwama district.
Chairman of Ellaquai Dehati Bank, Fayaz Ahmed Wani said that dummy accounts were detected by quick watch and action has been taken.
“..some irregularities have been pointed out during a routine inspection at the branch and the same are under investigation. During initial investigation it has been found that the erring official has created some dummy loan accounts but timely action by the bank has resulted in thwarting any misuse of public money,” the chairman said, adding “ the said official has been suspended and an FIR was registered on February 17, at Police Station Tral against him.”
The chairman reiterated that no customer account has been compromised and the money of all the customers is safe.
“Ellaquai Dehati Bank is a public financial Institution and the safety, security of public money is of utmost importance to us and shall always remain so. We would like to assure that the money of our customers is safe with us and shall remain insulated at all costs. The bank is aware of its responsibility as a responsible financial organization and shall protect the interests of its customers at all costs,” the chairman said.

KR Desk