Jammu and Kashmir Bank loan fraud: Third case registered, searches carried out in Bengaluru

Jammu and Kashmir Bank

JAMMU: The Anti-Corruption Bureau (ACB) registered a fresh case in the loan fraud worth over Rs 350 crore in Jammu and Kashmir BankNSE 1.36 % on Friday and conducted searches at different places in Bengaluru.

This is the third case registered by the ACB in the case in the past 10 days.

"An FIR under various sections of the Prevention of Corruption Act and the Ranbir Penal Code has been registered against management, officers and officials of J&K Bank, along with the beneficiary involved in financial irregularities or loan fraud worth Rs 352.72 crore," a spokesman of the anti-corruption body said here.

On August 7, two cases were registered in loan frauds worth about Rs 600 crore in the bank involving a different beneficiary, a Delhi-based businessman.

Day After Receiving Award for 'Best Police', Cop Caught Taking Bribe in Telangana

Hyderabad: A day after receiving ‘Best Police’ award on Independence Day, a constable in Mahabubnagar district of Telangana was caught taking bribe by the Anti-corruption Bureau (ACB) on Friday.

Tirupati Reddy, a constable in Mahabubnagar one-town police station, was caught by the ACB while accepting a bribe of Rs 17,000 from a sand tractor owner, Mudavath Ramesh.

"Despite having a licence for the sand transport, Tirupati demanded a bribe of Rs 20,000 from Ramesh,” ACB DSP S Krishna Goud said.

Ramesh approached the ACB officials who then laid a trap to catch him red-handed.

“On our directions, Ramesh gave Rs 17,000 to the constable, following which he (Tirupati) was arrested,” the ACB official added.

Tirupati received ‘Best Police’ award from the District collector on Thursday.