Bhat Zahid
Srinagar 03 Jan(KNB):In a startling development at the Hyderbeg Branch of Jammu & Kashmir Bank, allegations have surfaced against an employee for unauthorized withdrawals from the accounts of loan applicants.
Local residents who applied for loans found discrepancies in their sanctioned amounts upon checking their accounts post-approval.
According to locals, upon visiting the bank to verify their sanctioned loan amounts, they discovered that a significant portion of their approved funds had been illicitly withdrawn.
Expressing their dismay, they accused a JK Bank employee of perpetrating fraudulent withdrawals without their consent, leaving them burdened with interest payments on money they hadn’t received.
In response to the allegations, bank authorities said that we have already terminated accused employee from his position. The concerned branch manager has reassured affected individuals, vowing to rectify the situation by reimbursing the wronged customers with both the withdrawn amounts and the accrued interest.
This incident has sparked concern among residents, highlighting the importance of stringent oversight and checks within banking institutions to prevent such unauthorized activities that impact the financial well-being of customers.
The bank has pledged a thorough investigation into the matter to prevent such incidents in the future.(KNB)