Srinagar, Nov 30: Enforcement Directorate (ED) is conducting searches associated to J&Ok Cooperative Financial institution fraud of greater than Rs 250cr within the identify of fictitious housing society, officers mentioned immediately.
In a quick assertion, the Srinagar workplace of the ED mentioned that six locations, together with the premises of former Chairperson of J&Ok Cooperative Financial institution.
“As we speak Srinagar ED workplace is conducting search u/s 17 of PMLA within the cash laundering case associated to J&Ok (cooperative) Financial institution Fraud of greater than Rs 250 Cr within the identify of fictitious Society specifically River Jhelum cooperative Home constructing Society,” assertion reads.
“Complete 6 premises have been coated together with the then chairperson J&Ok (cooperative) Financial institution, Trustees of society in Srinagar,” assertion added.
Notably, ACB has already filed chargesheet towards Mohd Shafi Dar, Hilal Ahmed Mir (Chairman of pretend society) and others for fee of offences underneath Sections of IPC and Corruption Act.
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