CBI

J&K Bank Fraud Case: CBI Searches 8 Locations

| Updated : May 10, 2022, 9:27 pm
Updated : May 10, 2022, 9:27 pm

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NEW DELHI: The Central Bureau of Investigation (CBI) on Tuesday carried out searches at eight locations in connection with alleged irregularities in the purchase of the Akruti Gold building for Rs 180 crore by J&K Bank for its integrated office in Mumbai in 2010.

 

A CBI source told The New Indian that the agency sleuths are carrying out searches at the premises of Hasib Drabu, then Chairman of Estate Committee of the Board of Directors, then directors MI Shahdad and Vikrant Kotiyal and then Executive director AK Mehta in Jammu, Srinagar and Mumbai.


 

The official said that the agency had registered a case on November 11 last year on the allegations of irregularities in the purchase of the Akruti Gold building for Rs 180 crore by J&K Bank for its integrated office in Mumbai in 2010. 

 

The CBI had also conducted searches earlier at various locations including Mumbai, Hyderabad and Kolkata. 

 

Earlier, this year, the Enforcement Directorate (ED) which registered a case of money laundering on the basis of the CBI FIR had also quizzed former Jammu and Kashmir chief minister and the Jammu and Kashmir National Conference leader Omar Abdullah in connection with the case.

 

After his questioning, Abdullah had said that he answered all questions of ED officials and would appear before the agency again if required. “There was no allegation against me. I was called in for an ongoing investigation in a 12-13 year old case. I have answered all of their questions. I will cooperate with them in the future also,” he had said.

 

“The reason for calling you all (media) here is that a piece of news is running that I have been called in some scam. No one here accused me of anything,” he said.


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