SRINAGAR: The Enforcement Directorate (ED) on Thursday carried out raids at six places in Srinagar in connection to a case associated to financial institution fraud of greater than Rs 250 Crore within the identify of pretend River Jhelum Cooperative Home Constructing Society.
In an announcement, a spokesperson stated that Enforcement Directorate has raided not less than six places in Jammu and Kashmir in reference to ‘Cash Laundering Case’, together with the premises of the previous Chairperson of J&Okay Financial institution.
The investigation company has been conducting in each Jammu and Kashmir elements in a case associated to the J&Okay Financial institution fraud.
“At the moment Srinagar ED workplace is conducting search u/s 17 of PMLA within the cash laundering case associated to J&Okay Financial institution Fraud of greater than Rs 250 Cr within the identify of fictitious Society particularly River Jhelum cooperative Home constructing Society,” the assertion reads.
Pertinently, ACB has already filed chargesheet towards Mohd Shafi Dar, Hilal A Mir (Chairman of the Society) and others for fee of offences below Sections of IPC and Corruption Act.
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