Loan Graft Case: Former Chairman of Jammu and Kashmir Co-op Bank Arrested | India news

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Jammu: One day after issuing lookout notice against Mohammad Shafi Dar, former chairman of Jammu and Kashmir Cooperative Bank Ltd. and an accused for Rs 223 crores. Loan graft The case was arrested by the Jammu and Kashmir Anti-Corruption Bureau (ACB) on Wednesday.
Dar, who sanctioned the money in favor of a fake cooperative housing society, went underground since his petition last week by the Jammu and Kashmir High Court seeking quashing of the FIR against him in the case.
The arrest was being made since the case was registered against Dar. After the arrest, they have been taken into custody and are being interrogated, ”the bureau’s official spokesperson said on Wednesday.
The ACB on Tuesday released a picture of Dar mentioning the crime slapped against him. In a notice, the bureau said: “If a person has any information / information about the whereabouts of accused Mohammad Shafi Dar, he can inform / communicate through email / WhatsApp / toll-free number. Etc. for ACB. ”
Dar – who had also alleged the appointment of a backdoor – approved a loan of a large amount in favor of a non-existent cooperative called “Nadi Jhelum Cooperative House Colony” at Shivpora Srinagar. Following an ACB investigation and subsequent registration of an FIR, the Jammu and Kashmir administration sacked Dar and two other officials of the bank. The chairman of the so-called co-operative society, Hilal Ahmed of Magarmal Bagh, Srinagar, was arrested by the ACB on 18 May and embezzled by the Bureau and Frozen for Rs 187 crore.


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