Srinagar, Nov 30: The Enforcement Directorate on Thursday searched six locations associated to the Jammu and Kashmir Financial institution in reference to a Rs 250 crore cash laundering case, officers mentioned.
The searches included the premises of the previous financial institution chairperson, they mentioned. The fraud was within the identify of a fictitious housing society, the River Jhelum Cooperative Housing Constructing Society, the officers added.
The raids had been performed by the ED’s workplace in Srinagar below Part 17 of the Prevention of Cash Laundering Act (PMLA). (Companies)
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