Peshawar: Man jailed over loan fraud
PESHAWAR: The special judge anti corruption on Friday convicted a person for acquiring loan on bogus documents from the Provincial Cooperative Bank and sentenced him to 15 years rigorous imprisonment with fine of Rs100,000. The court presided over by Fazal Subhan Khan ruled that the prosecution had proved its case against the accused Sher Zaman, a resident of Mardan, and the evidence on record connected him with the commission of the offence. The accused was charged with setting up a cooperative society at Nazeer Korona Mardan in 1994–95. It was claimed by the prosecution that he prepared bogus documents and mentioned properties of one Hakam Khan, who had already expired, in his name.
It was claimed that he applied for loan to the Provincial Cooperative Bank on the basis of the said bogus documents and acquired a loan of Rs200,000. Later, he did not repay the loan and instead became an absconder.
When the bank started recovery of the loan and asked the legal heirs of Hakam Khan to pay the money they informed that he had expired six years ago and had nothing to do with this loan. The accused was charged on different counts of forgery, impersonation and fraud.
The state prosecutor contended that the society was registered by the accused and he had approached the bank for loan. He added that there was no doubt in the involvement of the accused in this crime.