J-K Bank official withdrew Rs 1.26 crore from dormant accounts; arrested

Jammu: A bank official was arrested on Saturday for allegedly swindling over Rs 1.26 crore from dormant accounts over the past three years in Jammu and Kashmir’s Reasi district, police said.

The fraud by Ishwinder Singh Ranyal, Assistant Manager in J&K Bank Pouni branch, came to light last month when the accused withdrew an amount from an active account, prompting the



account holder to lodge a complaint, Reasi Senior Superintendent of Police (SSP) Mohita Sharma said.

After receiving the complaint and sensing the gravity of the offence, a special team was constituted and Ranyal, a resident of Pouni, was finally arrested from Sainik Colony in Jammu this morning, the officer said.