Onlykashmir.in News Desk
The J&K Peace Forum has exposed what could be the largest banking fraud in the history of Jammu & Kashmir. According to the allegations, J&K Bank sanctioned loans against temple and religious properties using fake tenancy agreements, putting sacred lands at risk.
Key Allegations:
- Bank officials approved loans without proper verification or due diligence.
- Insider leaks from the State Revenue Department allowed sensitive temple and community land records to be misused.
- Supervisory bodies and auditors ignored repeated warning signs.
Satish Mahaldar, Chairman of J&K Peace Forum in a statement said:
“This isn’t just financial misconduct. It’s an assault on religious sanctity, a betrayal of millions of depositors, and a total collapse of regulatory oversight.”
Demands to RBI & Finance Ministry:
- Launch an immediate high-level investigation into fraudulent loans.
- Publicly name and punish every officer involved.
- Carry out criminal prosecution of the nexus between bankers, officials, and beneficiaries.
- Introduce structural reforms to protect public data, strengthen oversight, and enforce transparent lending.
Mahaldar warned:
“If this scam is ignored, sacred institutions could be reduced to collateral for criminal profiteering, and India’s banking credibility will be shattered globally.”
The J&K Peace Forum has vowed to take this matter to the highest levels, emphasizing that public trust in India’s banking system is at stake.
