The arrested individual, identified as Rohit Taroch, is a former employee of the BC Road branch of the bank in Jammu and was terminated from service following the unearthing of loan scam to the tune of Rs 1.44 crore, officials said.
The arrest came following a written complaint from the then branch manager of the bank to the Crime Branch.
It was alleged that between 2018 and 2019, 14 borrowers approached the bank for personal consumption loans (PCL) under the bank’s Sahulat and Saral scheme for government employees, they said.
The borrowers claimed to be employees of military farm house in Jammu, administrative commandant station headquarters in Satwari and station headquarters in Domana. They submitted purported salary certificates and other documents issued by these entities, they said.
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